Years of Experience
Five to nine years of work experience seem to result in median wages of around $72K per year. Broken down by tenure, the largest share of Parexel employees (32 percent) have one to four years of experience and earn $54K annually on average.
When it comes to location, the highest average paycheck ($115K per year) can be spotted in Philadelphia, Pa.; Boston, Mass. (about $103K), Billerica, Mass. (approximately $67K), and San Diego, Calif. ($63K) are the next top-paying cities. Durham, N.C. is one of the lowest-paid cities, with earnings averaging about $50K. U.S. pay levels are highest in the state of Florida; salaries there average to around $145K annually.
The highest paychecks go to Senior Clinical Research Associates, who earn $116K per year on average, closely trailed by Medical Writers ($106K) and Senior Event Managers (approximately $86K).
Certifications and Degrees
Regarding salaries and education, Parexel pays those with a Master of Business Administration (MBA) the most — $100K.
When it comes to skills, Operations Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $100K annually. Clinical Research is regularly seen around here; slightly less than a third of those surveyed report it as a core competency. Project Management, Event Management, and Event Planning round out the set of key employee skills.
Benefits and Perks
As part of compensation, Parexel gives paid vacation to two-fifths of workers and paid sick leave to a quarter of survey participants. For employees looking to save up for their golden years, Parexel provides an optional 401(k) plan, and a large number of employees participate. For nearly all employees, benefits include health insurance, and a large number of respondents get dental coverage, too. Parexel also dishes out privileges such as flexible hours, optional telecommute / work from home, a stock purchase plan, and life insurance.