Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to approximately $83K per year. For those with one to four years of experience, median paychecks reach $72K annually. The largest slice of the Pratt and Whitney workforce (29 percent) has been working for 10-19 years and earns, on average, about $99K per year.
The highest paychecks go to Staff Engineers, who earn an average around $116K annually, closely trailed by Project Engineers ($85K), Senior Mechanical Engineers ($85K), and Aerospace Engineers (approximately $79K). Design Engineers are among the lowest paid at a median salary of $70K.
When it comes to location, the highest average paycheck (about $99K per year) can be spotted in Hartford, Conn.; San Diego, Calif. ($92K), the company's headquarter city of East Hartford, Conn. (around $76K), and Middletown, Conn. ($76K) are the next top-paying cities. Oklahoma City, Okla. ranks low on the pay scale — at $62K, it is one of the lowest-paid cities. By state, Pratt and Whitney employees make the most in California, earning $90K annually on average.
Certifications and Degrees
Monetary compensation comes to about $90K per year for Professional Engineer License Holders, far surpassing the earnings of non-credentialed workers. At Pratt and Whitney, employees who hold a Bachelor of Science in Aerospace Engineering receive the highest salaries at approximately $133K.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is around $90K annually. Microsoft Excel is considered a run-of-the-mill skill; slightly less than one-fifth of Pratt and Whitney's people use it regularly. Microsoft Office, Engineering Design, and ANSYS are also desirable skills.
Benefits and Perks
Paid time off is scarce, with only about two in five survey participants receiving paid vacation and over a third of workers receiving sick leave. Those seeking to set aside retirement funds can rely on several savings options such as a 401(k) plan and a company pension plan. Health insurance is part of the package for the vast majority of workers, and for a large number of workers, dental coverage is too. The company also dishes out perks such as tuition reimbursement, life insurance, and flexible hours.