When it comes to location, the highest average paycheck (around $119K per year) can be spotted in San Francisco, Calif.; Santa Clara, Calif. ($100K), Chicago, Ill. (about $94K), and Dallas, Texas (approximately $86K) are the next top-paying cities. At $75K, Columbus, Ohio is home to some of the lowest pay in the country. Across Abbott Laboratories's U.S. offices, employees in the state of California earn the most, taking home $94K annually.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to around $83K per year. Between the one and five year mark, median pay is approximately $71K annually. Overall, the greater share of Abbott Laboratories folks have 10-19 years of experience and earn an average about $101K per year.
Biotechnology Senior Research Scientists are the best paid with the average salary hovering at $95K annually; Senior Financial Analysts, Mechanical Engineers, and Medical Devices Quality Engineers also rank near the top of the list, pulling in $80K, $75K, and around $74K, respectively. Financial compensation for Financial Analysts is rather low — on average only about $60K — relative to the rest of the company.
Certifications and Degrees
Microsoft Certified Systems Engineers are compensated at a much higher rate than non-authorized workers, bringing in close to $110K per year. At Abbott Laboratories, employees who hold a Master of Business Administration (MBA), Human Resources Management (HRM) receive the highest salaries at $185K.
The highest-paying skill in this position seems to be Product Development; individuals who report it as part of the repertoire have a median income of approximately $97K annually. One of the more prevalent skills at Abbott Laboratories is Project Management, with nearly one in five considering it a key competency. Three more common skills are Data Analysis, Microsoft Office, and Microsoft Excel.
Benefits and Perks
The company does pay out vacation and sick days, but these benefits are received by only 30 percent. Employees can save for retirement by joining one of several savings plans such as a 401(k) plan and a company pension plan. For a large number of survey participants, benefits include health insurance, and a fair number of employees get dental coverage, too. Additional benefits of working here are tuition reimbursement, life insurance, and a company cell phone.