Operations Managers are the best paid with the average salary hovering at $87K annually; Senior Financial Analysts, Commodity Managers, and Manufacturing Engineers also rank near the top of the list, pulling in $75K, $71K, and about $67K, respectively. Financial compensation for Mechanical Engineers is rather low — on average only around $59K — relative to the rest of the company.
When it comes to location, the highest average paycheck (approximately $83K per year) can be spotted in Detroit, Mich.; Plymouth, Mich. ($80K), the company's headquarter city of Southfield, Mich. (approximately $73K), and Chicago, Ill. ($66K) are the next top-paying cities. Manitowoc, Wisc. ranks low on the pay scale — at about $56K, it is one of the lowest-paid cities. By state, Federal Mogul Corp pays its Michigan employees the most; the pay rate there is around $76K annually.
Years of Experience
Those who have five to nine years of work experience see average salaries of $64K per year. For those with one to four years of experience, median paychecks reach $58K annually. Broken down by tenure, the largest share of Federal Mogul Corp employees (32 percent) have 10-19 years of experience and earn around $77K per year on average.
Certifications and Degrees
Certified LabVIEW Associate Developers earn $86K annually, far more than their non-accredited counterparts. Federal Mogul Corp compensates Master of Business Administration (MBA), Operations Management (OM)-holders the most at about $99K per year.
When it comes to skills, People Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of approximately $99K annually. Microsoft Excel is regularly seen around here; nearly one in four of those surveyed report it as a core competency. Key skills also include Microsoft Office, Project Management, and Data Analysis.
Benefits and Perks
As part of compensation, Federal Mogul Corp gives paid vacation to two in five respondents and paid sick leave to 18 percent. A large number of survey participants participate in the company's 401(k) retirement savings plan. At Federal Mogul Corp, a large number of respondents have health insurance, and most survey participants have dental coverage. Privileges also include a subsidized cell phone, life insurance, tuition reimbursement, and a casual working environment.