The highest paychecks go to Lead Software Engineers, who earn an average approximately $135K annually, closely trailed by Senior Financial Analysts ($91K), Senior Marketing Managers (around $83K), and Design Managers ($66K). Financial compensation for Administrative Assistants is rather low — on average only about $52K — relative to the rest of the company.
When it comes to location, the highest average paycheck ($127K per year) can be spotted in Boston, Mass.; New York, N.Y. ($94K), Burr Ridge, Ill. (about $88K), and Chicago, Ill. (approximately $75K) are the next top-paying cities. On the lower end is Denver, Colo. at $60K. By state, The McGraw-Hill Companies pays its Massachusetts employees the most; the pay rate there is around $127K annually.
Years of Experience
Five to nine years of work experience seem to result in median wages of $80K per year. For those with one to four years of experience, median paychecks reach approximately $67K annually. The greater proportion of employees (34 percent) report 10-19 years of experience and bring home median pay of about $98K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Certified Public Accountants, who make $125K annually. Project Management Professionals also rank high on the pay scale, with expected average earnings of $105K per year. The McGraw-Hill Companies provides the highest financial reward to those with an Associate's Degree — these employees rake in $91K annually.
In this position, it pays to have Financial Modeling in your toolkit; employees who claim proficiency enjoy a higher median salary of around $98K per year. A relatively widespread skill at The McGraw-Hill Companies is Project Management; one in four of employees use it for work. Other skills in demand are Data Analysis, Microsoft Office, and Microsoft Excel.
Benefits and Perks
18 percent receive paid vacation, and only 9 percent get sick leave. A 401(k) program is available, and the vast majority of respondents use it to save for retirement. The McGraw-Hill Companies provides health insurance to nearly all employees, and almost all respondents do receive dental coverage. Some other advantages of working at The McGraw-Hill Companies are a subsidized cell phone, life insurance, a casual working environment, and tuition reimbursement.