Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to around $69K per year. The greater proportion of employees (33 percent) report one to four years of experience and bring home median pay of $54K annually.
When it comes to location, the highest average paycheck (approximately $115K per year) can be spotted in Philadelphia, Pa.; Boston, Mass. ($103K), Billerica, Mass. (about $67K), and San Diego, Calif. ($63K) are the next top-paying cities. At approximately $50K, Durham, N.C. is home to some of the lowest pay in the country. By state, the highest compensation levels appear in Florida, where the average salary is around $145K annually.
Senior Clinical Research Associates rake in the most money, with average earnings of $116K per year; Senior Event Managers come in second with median earnings amounting to $86K annually.
Certifications and Degrees
Parexel compensates Master of Business Administration (MBA)-holders the most at $100K per year.
In this role, the best-paying skill appears to be Operations Management; individuals who claim it among their capabilities enjoy a higher median salary of about $100K annually. Folks here also tend to know Clinical Research; on the survey, roughly one in four of workers named it in their skills portfolios. Project Management, Event Management, and Quality Assurance / Quality Control round out the set of key employee skills.
Benefits and Perks
Paid time off is hard to come by at Parexel; the company rewards only 42 percent with paid vacation time and only one in four workers with sick leave. Most employees plan for retirement by taking advantage of the company-sponsored 401(k) program. Health insurance is part of the package for nearly all survey participants, and for most workers, dental coverage is too. Additional benefits of working here are flexible hours, optional telecommute / work from home, a stock purchase plan, and life insurance.