Software Architects are awarded the highest paychecks, with compensation nearing $148K annually on average; Product Managers of Software are next on the list, bringing in close to $97K, followed by Senior Marketing Managers earning approximately $86K and Technical Sales Representatives making around $65K. Financial compensation for Instructional Designers is rather low — on average only about $44K — relative to the rest of the company.
Years of Experience
For those with five to nine years of experience, average earnings amount to $85K per year. When we consider tenure, a substantial portion of employees (38 percent) have been working for one to four years and make about $60K annually on average.
When it comes to location, the highest average paycheck ($147K per year) can be spotted in Boston, Mass.; New York, N.Y. ($94K), Chicago, Ill. (around $75K), and Denver, Colo. (approximately $72K) are the next top-paying cities. High paychecks are not found in Columbus, Ohio; in fact, at $56K 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 $147K annually.
Certifications and Degrees
Being a Project Management Professional certainly has its perks — salaries approach $145K per year and far exceed the paychecks of those without certification. Teacher Certifications also rank high on the pay scale, with expected average earnings of $41K annually. It pays to have a Doctor of Philosophy (PhD) at The McGraw-Hill Companies — these employees make the most at approximately $146K per year.
When it comes to skills, SQL seems to bolster pay the most; employees who claim proficiency also enjoy a median income of about $148K annually. A garden variety skill at The McGraw-Hill Companies is Project Management; about one in seven of The McGraw-Hill Companies' people use it regularly. Other top skills include Microsoft Office, Customer Relationship Management, and People Management.
Benefits and Perks
Paid time off is in short supply here, with only 29 percent receiving paid vacation and a sixth of workers receiving paid sick days. Nearly all workers allocate some part of their earnings to the company-sponsored 401(k) savings plan. At The McGraw-Hill Companies, most workers have health insurance, and a large number of employees have dental coverage. Perks also include tuition reimbursement, a casual working environment, a subsidized cell phone, and life insurance.