Years of Experience
For those with one to four years of experience, paychecks typically reach $67K. For those with five to nine years of experience, average earnings amount to $87K. When we consider tenure, a substantial portion of employees (30 percent) have been working for 10-19 years and make approximately $104K per year.
Typically, Senior Software Engineers are the best paid with salaries hovering at $103K; Senior Manufacturing Engineers, Senior Regulatory Affairs Specialists, and Clinical Research Associates also rank near the top of the list, pulling in around $96K, about $92K, and approximately $88K, respectively. St. Jude Medical, Inc. hands out some of the smallest paychecks to Medical Devices Quality Engineers ($65K).
Median pay is highest in St. Paul (about $101K annually), followed by Minneapolis ($97K), Los Angeles ($96K), and Austin (around $86K). On the lower end is Plano at $66K. By state, the highest compensation levels appear in Massachusetts, where the average salary is $131K per year.
Certifications and Degrees
Being a Certified Six Sigma Green Belt certainly has its perks — salaries approach about $111K and far exceed the paychecks of those without certification. Acquiring certification to be a Certified Six Sigma Black Belt is rewarded at around $100K annually. St. Jude Medical, Inc. compensates Master of Science (MS), Regulatory Science-holders the most at approximately $115K per year.
The highest-paying skill to have may be Product Development; employees who claim proficiency also report a higher average salary of $113K. Project Management is a popular skill in the St. Jude Medical, Inc. workforce; about one in three of those surveyed report putting it to use in their jobs. Other top skills include Regulatory Compliance, Microsoft Office, and Data Analysis.
Benefits and Perks
44 percent have paid vacation, and only about 23 percent can take paid time off for illness. The vast majority of workers set aside retirement funds in an employer-sponsored 401(k). Almost all workers have health insurance, and benefits for almost all employees also include dental insurance. Some other advantages of working at St. Jude Medical, Inc. are a stock purchase plan, life insurance, a company cell phone, and tuition reimbursement.