Years of Experience
Respondents who have been working for five to nine years make about $88K per year on average. Broken down by tenure, the largest share of The McGraw-Hill Companies employees (40 percent) have one to four years of experience and earn $52K annually on average.
Bringing in the most money are Product Managers of Software — their earnings average $97K per year. Technical Sales Representatives are a close second at approximately $65K along with Senior Editors ($64K) and Outside Sales Representatives (around $61K). Inside Sales Representatives are among the lowest paid at a median salary of $28K.
When it comes to location, the highest average paycheck ($118K annually) can be spotted in Boston, Mass.; New York, N.Y. ($89K), Irvine, Calif. (about $83K), and Chicago, Ill. (around $72K) are the next top-paying cities. High paychecks are not found in Seattle, Wash.; in fact, at approximately $51K it is one of the worst-paid cities. Pay rates in the United States are highest in the state of Massachusetts, where they average to $118K per year.
Certifications and Degrees
Teacher Certifications have significantly higher pay than non-accredited workers at about $44K annually. The McGraw-Hill Companies workers who hold a Doctor of Philosophy (PhD) are also well compensated, earning approximately $129K on average.
The highest-paying skill in this position seems to be Agile Software Development; individuals who report it as part of the repertoire have a median income of $97K per year. Project Management also popped up often in the survey as an important skill; close to one-eighth of employees surveyed report using it at work. People Management, Strategic Marketing, and Field Sales round out the set of key employee skills.
Benefits and Perks
Paid time off is scarce, with only about 30 percent receiving paid vacation and approximately one-fifth of workers receiving sick leave. The vast majority of employees report contributing to a 401(k). A large number of respondents have health insurance, and benefits for most survey participants also include dental insurance. Perks also include a casual working environment, tuition reimbursement, life insurance, and a company cell phone.