Senior Product Engineers are awarded the highest paychecks, with compensation nearing around $118K annually on average; Process Engineer, Semiconductors are next on the list, bringing in close to $108K, followed by Product Engineers earning approximately $108K and Process Engineers making $107K. Financial compensation for Mechanical Engineers is rather low — on average only $76K — relative to the rest of the company.
Years of Experience
Survey participants who have worked at Lam Research Incorporated for between five and 10 years earn about $98K per year on average. When we consider tenure, a substantial portion of employees (39 percent) have been working for one to four years and make $84K annually on average.
When it comes to location, the highest average paycheck ($108K per year) can be spotted in San Jose, Calif.; the company's headquarter city of Fremont, Calif. ($107K), Tualatin, Ore. (approximately $73K), and Portland, Ore. (around $71K) are the next top-paying cities. Livermore, Calif. ranks low on the pay scale — at about $71K, it is one of the lowest-paid cities. U.S. pay levels are highest in the state of California; salaries there average to $107K annually.
Certifications and Degrees
Being a Project Management Professional certainly has its perks — salaries approach approximately $137K per year and far exceed the paychecks of those without certification. Lam Research Incorporated workers who hold a B.A. in Bachelor of Arts (BA) are also well compensated, earning about $121K on average.
When it comes to skills, Manufacturing Process Engineering seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $110K annually. Engineering Design is regularly seen around here; slightly less than a third of those surveyed report it as a core competency. Employees also tend to know Data Analysis, Microsoft Office, and Product Development.
Lam Research Incorporated's employees who answered the questionnaire are largely male (the male-to-female ratio is more than 3 to 1).
Benefits and Perks
Nearly all survey participants participate in the company's 401(k) retirement savings plan. Health insurance comes as part of the deal for the vast majority of respondents, and most respondents report receiving dental coverage as well. The company also dishes out perks such as a stock purchase plan, a subsidized cell phone, gym membership, tuition reimbursement, and stock options.