When it comes to location, the highest average paycheck (around $115K annually) can be spotted in Philadelphia, Pa.; Boston, Mass. ($95K), Billerica, Mass. (about $68K), and Durham, N.C. ($54K) are the next top-paying cities. The highest pay by state can be found in Florida, where salaries average out at $140K per year.
Senior Clinical Research Associates represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at approximately $118K annually — though Senior Event Managers and Clinical Research Associates also do fairly well at $86K and approximately $70K, respectively.
Years of Experience
Five to nine years of work experience seem to result in median wages of around $75K per year. Between the one and five year mark, median pay is about $78K annually. Overall, the greater share of Parexel folks have 20 years or more of experience and earn an average $112K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Registered Nurses, who make $130K annually. Certified Clinical Research Associates with credentials can live quite comfortably; median salaries come in at about $109K per year. The highest-paying degree here is a Master of Science (MS); Parexel awards around $131K to these degree-holders.
Employees who count Clinical Research among their skills enjoy higher pay; the median for this group is $115K annually. A relatively widespread skill at Parexel is Project Management; roughly one in seven of employees use it for work. Operations Management, Event Management, and Event Planning are also desirable skills.
Benefits and Perks
Paid time off is in short supply here, with only two-fifths of workers receiving paid vacation and 22 percent receiving paid sick days. A large number of employees take advantage of the 401(k) plan that Parexel sponsors. Health insurance is part of the package for a large number of survey participants, and for a large number of workers, dental coverage is too. Parexel employees also enjoy perks such as life insurance, optional telecommute / work from home, flexible hours, and a stock purchase plan.