Bringing in the most money are Aviation Program Managers — their earnings average about $123K annually. Staff Engineers are a close second at approximately $113K along with Aerospace Engineers ($77K) and Manufacturing Engineers ($74K). Mechanical Engineers at Pratt and Whitney do not see much in the way of financial compensation and represent one of the lower-paid positions ($69K on average) at the company.
Years of Experience
Those who have five to nine years of work experience see average salaries of around $85K per year. Broken down by tenure, the largest share of Pratt and Whitney employees (35 percent) have one to four years of experience and earn approximately $71K annually on average.
When it comes to location, the highest average paycheck ($98K per year) can be spotted in Jupiter, Fla.; the company's headquarter city of East Hartford, Conn. (around $80K), Hartford, Conn. ($78K), and Middletown, Conn. ($77K) are the next top-paying cities. Expected earnings are below average (about $68K) in North Berwick, Maine, one of the lowest-paid cities. Within the firm, employees working in California take home the most — $95K annually on average.
Certifications and Degrees
Project Management Certificate Holders receive bigger paychecks (approximately $123K per year) than those without credentials. On average, salaries rise to around $112K annually for accredited Project Management Professionals. At Pratt and Whitney, employees who hold a Master of Business Administration (MBA), Finance receive the highest salaries at $148K.
The highest-paying skill to have may be Project Management; employees who claim proficiency also report a higher average salary of about $90K per year. A common skill in Pratt and Whitney's work force is Microsoft Excel; close to a fifth of survey participants report using it on the job. Other skills in demand are Microsoft Office, Engineering Design, and ANSYS Simulation Software.
Benefits and Perks
The benefits packages at Pratt and Whitney can sometimes lack paid time off; one in three workers get paid vacation days, and a quarter of employees receive paid sick leave. A large number of survey participants plan for retirement by taking advantage of the company-sponsored 401(k) program. For the vast majority of respondents, benefits include health insurance, and a large number of employees get dental coverage, too. Pratt and Whitney also dishes out privileges such as tuition reimbursement, life insurance, flexible hours, and a casual working environment.