When it comes to location, the highest average paycheck ($127K annually) can be spotted in Cincinnati, Ohio; the company's headquarter city of Westport, Conn. (about $87K), Seattle, Wash. ($84K), and Moses Lake, Wash. ($74K) are the next top-paying cities. High paychecks are not found in Rock Hill, S.C.; in fact, at around $56K it is one of the worst-paid cities. By state, Minnesota offers the highest pay at approximately $93K per year.
Division Operations Managers are the best paid with the average salary hovering at $128K annually; Senior Financial Analysts, Commodity Managers, and Electrical Engineers also rank near the top of the list, pulling in approximately $87K, around $81K, and $71K, respectively. On the lower end are Lean Facilitators at $60K on average.
Years of Experience
Five to nine years of work experience seem to result in median wages of about $76K per year. Broken down by tenure, the largest share of Terex Corporation employees (30 percent) have one to four years of experience and earn approximately $61K annually on average.
Certifications and Degrees
Lean Six Sigma Certifications are compensated at a much higher rate than non-authorized workers, bringing in close to $130K per year. On average, salaries rise to around $129K annually for accredited Project Management Professionals. Terex Corporation provides the highest financial reward to those with a Master of Business Administration (MBA) — these employees rake in $105K per year.
When it comes to skills, Operations Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $125K annually. A common skill in Terex Corporation's work force is Project Management; nearly one-fifth of survey participants report using it on the job. Lean Manufacturing, Financial Analysis, and Microsoft Excel are also desirable skills.
At Terex Corporation, there are significantly more males who responded to the survey than females — the male-to-female ratio is more than 3 to 1.
Benefits and Perks
A large number of survey participants allocate some part of their earnings to the company-sponsored 401(k) savings plan. Nearly all survey participants have health insurance, and benefits for almost all employees also include dental insurance. Terex Corporation folks also make good use of a subsidized cell phone, a casual working environment, tuition reimbursement, life insurance, and company car / automobile.