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Average Salary for Terex Corporation Employees

Based in Westport, Conn.,industrial trucks player Terex Corporation offers many employment opportunities, including Manufacturing Engineer and Senior Financial Analyst positions. The average employee at Terex Corporation takes home $71K annually. Terex Corporation paychecks are largely negotiated based on what you do at the company, though how long you've been working and where you live are also considered. The data in this summary comes from the PayScale salary survey.

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How This Employer Pays

Terex Corporation typically pays:
-1%
below market

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Employer: Terex Corporation
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$90K$180K$270K
[-]Manufacturing Engineer (6)
$43,136 - $88,253  
   
[-]Manufacturing Engineer (6)
Salary$45,088 - $84,996  
   
Bonus$454.09 - $5,986  
Total Pay$43,136 - $88,253  
[+]Senior Financial Analyst (4)
$75,854 - $118,306  
   
[+]Senior Financial Analyst (4)
Salary$69,128 - $103,157  
   
Bonus$3,076 - $18,856  
Total Pay$75,854 - $118,306  
[+]Lean Facilitator (3)
$41,357 - $96,876  
   
[+]Lean Facilitator (3)
Salary$43,939 - $90,149  
   
Total Pay$41,357 - $96,876  
[+]Division Operations Manager (3)
$96,508 - $253,214  
   
[+]Division Operations Manager (3)
Salary$88,734 - $185,116  
   
Bonus$7,425 - $59,836  
Total Pay$96,508 - $253,214  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 29 Mar 2015 | Individuals Reporting: 81

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About This Company

500 POST ROAD EAST
Westport, Connecticut 06880

1925

Industrial Trucks, Tractors, Trailers, and Stackers


Freebase CC-BY Source: Freebase, licensed under CC-BY

Jobs

Nearing the top of the pay scale are Division Operations Managers, Senior Financial Analysts, Commodity Managers, and Electrical Engineers; while the first receives the highest median pay at approximately $128K per year, the other salaries come in at about $88K, around $81K, and $70K, respectively. Among the lower-paid positions at Terex Corporation are Lean Facilitators — the median salary for this role approaches $60K.

Years of Experience

Workers who have been with the company for more than one year but less than five can make $60K annually on average. Survey participants who have worked at Terex Corporation for between five and 10 years earn around $73K per year on average. The greater proportion of employees (27 percent) report 10-19 years of experience and bring home median pay of about $89K annually.

Locations

When it comes to location, the highest average paycheck ($95K per year) can be spotted in Chicago, Ill.; Seattle, Wash. ($91K), the company's headquarter city of Westport, Conn. ($87K), and Redmond, Wash. (approximately $69K) are the next top-paying cities. Oklahoma City, Okla. is one of the lowest-paid cities, with earnings averaging $62K. Across its U.S. offices, the state of Minnesota pays Terex Corporation the most — around $93K annually on average.

Certifications and Degrees

Salaries approach $130K per year for Lean Six Sigma Certifications; non-accredited workers make much less. Project Management Professionals with credentials can live quite comfortably; median salaries come in at about $129K annually. Those with a Bachelor of Science in Mechanical Engineering (ME) at Terex Corporation come out on top, and their salaries approach approximately $97K per year.

Skills

The highest-paying skill to have may be Operations Management; employees who claim proficiency also report a higher average salary of $125K annually. Lean Manufacturing is considered a run-of-the-mill skill; between a fifth and a fourth of Terex Corporation's people use it regularly. Employees also tend to know Project Management, Microsoft Office, and Microsoft Excel.

Gender

The number of male employees who participated in the survey outweighs the number of women; the male-to-female ratio is more than 3 to 1.

Benefits and Perks

Terex Corporation lets only 37 percent take paid vacation and only a sixth of workers take sick leave. A large number of employees set aside retirement funds in an employer-sponsored 401(k). At Terex Corporation, the vast majority of workers have health insurance, and the vast majority of employees have dental coverage. Additional benefits of working here are a company cell phone, a casual working environment, life insurance, and tuition reimbursement.

Key Stats for Terex Corporation

Gender

Female
15 %
Male
85 %
Salary
$39,581 - $87,632
Salary
$54,146 - $100,754
Less than 1 year
2%
1-4 years
27%
5-9 years
22%
10-19 years
24%
20 years or more
24%
United States (change)

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