Years of Experience
Those with one to four years of experience at the company can expect to make about $71K per year on average. Average pay is $84K annually for those with five to nine years of experience. The greater proportion of employees (33 percent) report 10-19 years of experience and bring home median pay of around $104K per year.
Earning $108K annually on average, Senior Software Engineers receive the most money, followed by Senior Mechanical Engineers (approximately $98K), Software Engineers ($92K), and Electrical Engineers (approximately $83K). Among the lower-paid positions at General Electric Co (GE) are Design Engineers — the median salary for this role approaches $75K.
When it comes to location, the highest average paycheck (about $98K per year) can be spotted in Atlanta, Ga.; Houston, Texas (around $94K), Milwaukee, Wisc. ($92K), and Greenville, S.C. ($87K) are the next top-paying cities. At about $86K, Schenectady, N.Y. is home to some of the lowest pay in the country. The highest pay by state can be found in California, where salaries average out at approximately $116K annually.
Certifications and Degrees
Certified Six Sigma Black Belts receive bigger paychecks (around $112K per year) than those without credentials. Bigger paychecks are awarded to Project Management Professionals with credentials; these people earn $111K annually on average. General Electric Co (GE) workers who hold a Master of Business Administration (MBA), General Business are also well compensated, earning $125K on average.
Employees who count People Management among their skills enjoy higher pay; the median for this group is $118K per year. Project Management is regularly seen around here; somewhere between a fifth and a fourth of those surveyed report it as a core competency. Some other standard skills here are Engineering Design, Microsoft Office, and Microsoft Excel.
Benefits and Perks
Paid time off is scarce, with only about 35 percent receiving paid vacation and one-fourth of workers receiving sick leave. A large number of workers contribute to 401(k) savings accounts sponsored by the firm. Health insurance comes as part of the deal for almost all workers, and most respondents report receiving dental coverage as well. Employees can also look forward to a company cell phone, a casual working environment, life insurance, and tuition reimbursement.