Which American firms pay the highest wages? Right now you might be taking a guess at a highly visible company like Google or Apple – but according to data on median salaries, you’d be wrong. Google scrapes into the top 10, but it’s the medical and consulting industries that sweep out the top spots. Read on for all 10 of the highest paying companies in the US.
Median salary: $220,000
If you’re lucky enough to land a job at Apogee Medical, you’ll be in for a sizeable salary. Then again, luck probably doesn’t have as much to do with it as years of hard work and study in the medical field: Apogee mostly employs the likes of physicians, nurse practitioners and physician assistants. At around 750 employees, it’s not the most sizeable company, but it is very specialized – which probably helps to account for its high median salary.
Apogee is the largest physician-owned – as opposed to investor-owned – hospitalist group in the country. This is a major selling point for the company: it was founded by physicians and continues to be run by them, allowing it to boast a company philosophy of putting the patient before profit. It works in their favor, and Apogee still rakes in over $100 million in annual revenues. Staff are paid accordingly: reportedly, all 750 of Apogee’s physicians, nurse practitioners and physician assistants earn over $100,000 a year. The highest paying group of employees are Apogee’s Hospitalists – physicians whose practice emphasizes providing general care to hospitalized patients. They reportedly make an average of $215,000 per year as staffers of the company.
Apogee also looks after employees in other ways, such as professional improvement and education, including the Apogee University. The university is open to all employees and seeks a process of, in their words, “reinvesting in [their] most valuable assets”.
Boston Consulting Group
Median salary: $143,750
If you were expecting a list dominated purely by the tech giants, think again: headquartered in Boston, Massachusetts, this consulting firm lands the number two spot when it comes to median salary in America. The uninventively named Boston Consulting Group employs around 5,000 consultants in 75 offices across 42 countries, so their presence really is worldwide – and they’re counted amongst the “Big Three” global management consulting firms (by revenue) alongside McKinsey & Company and Bain & Company. Their client base spans the full gamut of sectors, with everyone from Google and IBM to Pfizer, American Airlines and Ford being on the list alongside the likes of the Canadian Government and the Russian Ministry of Energy.
The median salary for BCG employees is a sizeable $143,750 – though with the firm’s approximate $4 billion in annual revenue, they can surely afford to pay well. Being on staff at BCG isn’t just lucrative financially, it’s also prestigious, and comes with various other benefits like excellent health care cover.
If all of this has you champing at the bit to go offer your services at BCG, be warned: the recruitment process at the firm is notoriously demanding. In fact, last year Forbes ranked them third on a list of the companies that give the most difficult job interviews. If you want to get a foot in the high-paying door of BCG, be sure to study up on all those tough questions – as well as off-the-cuff mathematics, as they’re known for throwing curveballs.
Median salary: $135,000
While the median annual salary for management consultants in Chicago is $110,365, the median at Chicago-headquartered A.T. Kearney comes in well above average at $135,000. The global firm has 60 offices in major business centers in more than 40 countries, and their worldwide network boasts more than 3,500 employees. A.T. Kearney have built a strong presence in their field, and perhaps it helps that they’ve been in the management consulting game since the late 1920s. Last year, global revenue at the firm topped $1 billion, making it a top earner.
Aside from the healthy pay packets, A.T. Kearney has another draw for potential employees: they’re highly committed to diversity in the workplace. In 2009, the firm made their debut on the Corporate Equality Index (CEI) – which rates businesses based on lesbian, gay, bisexual, and transgender workplace policies and benefits – and was awarded a perfect score. The company has also made Consulting Magazine’s “Best Firms to Work For” list for six years running, partly due to the diversity as well as the working conditions for employees.
Median salary: $134,218
Silicon Valley’s highest paying employer isn’t Google or Facebook or Twitter: it’s a company that receives far less media attention and fanfare. Juniper Networks is involved in the relatively unglamorous business of networking equipment, selling products like routers, switches and security products to the likes of cable companies and Internet service providers. They’re also known for designing and purveying their own network operating system, named Junos.
Juniper Networks has 9,483 employees as of 2013, and reportedly they’re treated quite well: the median salary is a sizeable $134,218 with software and systems engineers earning well over $100,000 per year. Juniper is no stranger to awards and ‘best’ lists, either. In 2008 they debuted in Fortune Magazine’s “100 Best Companies to Work For” list. In 2014 the company was named for the fourth consecutive year as one of the World’s Most Ethical Companies in a list compiled by Ethisphere Institute, an independent research body that promotes best practices in corporate ethics and governance.
Those looking to land a job at Juniper have some options: the firm holds 46 offices worldwide serving 100+ countries. And with a revenue of $4.7 billion in 2013, financial health of the company seems strong.
Median salary: $130,000
You won’t find Visa Inc. on too many lists of the best companies to work for: seemingly, overall employee satisfaction is not their strongest point. Reviews of the company in the database of Glassdoor – a major online career community – are mixed at best, with an average of three out of five stars and an overall underwhelming balance of pros and cons. Still, if money can make up for other grievances about poor management and work-life balance, then Visa is on the path to redemption: their median salary is pegged at being a neat $130,000. Neither of their biggest rivals – American Express or MasterCard – makes the list of highest paying companies, setting Visa apart on at least the wages front.
Headquartered in Foster City, California, Visa Inc. has a whopping annual revenue of over $10 billion. With a sizeable market share, it’s no real wonder. According to The Nilson Report, Visa held a 38.3 percent market share of the credit card marketplace and 60.7 percent of the debit card marketplace in the United States in 2008.
According to Visa’s website, they have offices in 35 countries around the world, housing over 10,000 employees in their global network. Despite some less-than-glowing reviews of the Visa workplace, the firm does offer some perks to staff to sweeten things up, in addition to the good pay packets. Visa employees get free group exercise classes, access to sports teams and clubs, and discounted tickets to local entertainment like movies, sports, and amusement parks. Now let’s just hope they have time outside of working hours to take advantage of them.
Median salary: $130,000
Read the employee reviews about LinkedIn at Glassdoor, and you’ll find yourself wondering if CEO Jeff Weiner sat down one weekend with a glass of whiskey and cheerily made them all up – so glowing are they. Some employees love it so much, they struggle to find the downsides. “LinkedIn inspires. Every employee, every day, makes you want to be the best you can at your job. Without making sure you take a breather every once in a while, it could consume you,” says one Research Associate in San Fransico in the “cons” section of their review. And on top of being an inspiring, perk-filled, opportunity-laden place to work, LinkedIn also offer the benefit of excellent salaries. The median comes in at $130,000, on par with that of Visa.
Since its launch on May 5, 2003, LinkedIn has gone from strength to strength. As of 2013 the social network was reporting over 259 million registered users in more than 200 countries and territories. In 2011 LinkedIn surpassed social networking giant Twitter in its total advertising revenue. After a successful IPO in the same year, share prices rose considerably and have remained strong. Last year, LinkedIn reported a total revenue of $1.52 billion. Currently the company has 5,400 employees worldwide.
Median salary: $128,000
A software engineer could do worse than to land a gig at Autodesk, a company that calls San Rafael, California, home. While the median salary for software engineers in the United States was $87,100 at last count (2012), the average salary of an Autodesk software engineer is $106,959 per annum – so well above average. The company boasted a whopping yearly revenue of 2.31 billion in 2013, and operates with around 7,500 employees who keep its software services churning.
According to employee reviews on Glassdoor, Autodesk don’t just pay well, but also take good care of staff. Competitive salaries, training programs, and career advancement opportunities are listed amongst the benefits of being an employee. The company reportedly also offers generous health and retirement benefits, paid sabbaticals and better-than-average holiday leave.
Autodesk first became known for their AutoCAD design and drafting software, but since then have produced software for numerous industries including those of architecture, engineering, construction, manufacturing, media, and entertainment.
Median salary: $125,000
Doubtless, if you were to base your calculations off all of Walmart’s business empire combined, the median salary would be far from in the top 10. Walmart retail employees have been striking in a bid to raise their wages to a paltry $15 per hour after many have complained their pay rates are so low they can’t even afford to buy basic items. In 2013 Walmart retail staff were earning on average just $8.81 an hour. Meanwhile, Walmart’s eCommerce subsidiary company is willing to pay employees handsome sums to help develop and support their increased money making efforts. The Silicon Valley based arm leads all online and mobile innovation for Walmart, acquiring “some of the best data scientists and the largest collection of commerce data in the world” in a bid to deliver a personalized shopping experience that entices customers to spend more, more often, and in more ways. To get the best brains working on their eCommerce realm, the Walmart subsidiary is paying engineers a median salary of $125,000 – well above the national median, and on par with tech giants like Google and Twitter.
Of course, even salaries like these are a drop in the ocean for Walmart. The retail company overall earns a mammoth $476.294 billion in revenue per year – and yet they still refuse to increase wages of some workers to $25,000 a year.
Median salary: $125,000
The Google behemoth is in our lives daily, filtering the information we find on the internet at the very least – maybe even running the software on our smart phone or distributing our emails. They’re a company that’s always making acquisitions, adding new branches to their tree, creating new products and competing in new areas. And for such a company to run takes manpower – lots of it. Google has a whopping 55,030 employees all working to earn a little slice of the company’s $59.825 billion in annual revenue.
And earn a slice they do, at least, with a median salary of $125,000 being dished out to Google employees. The company also has a general reputation for being a desirable one to work for, although it’s hardly the cool young startup it once was – and the company’s famed “20% time” (time in which employees could work on creative side projects) has been reportedly all but killed by the powers that be. That’s not really surprising: Google hardly needs new innovations from quirky employees anymore. For one, it has its strategy in place and its work cut out for it, and secondly, there are over 55,000 employees. That’s a lot of ideas to field.
Google’s company culture is said to be better than most – with an overall rating of 4.5 stars on Glassdoor based on several thousand employee reviews.
Median salary: $125,000
Earning on par with Google staffers are Twitter employees, at a median salary of $125,000 a year. In addition to the high salaries, Twitter is known for handing out shares – rather generously – to its staff. Total stock-based compensation at the company equaled more than $593 million last year. In Glassdoor’s list of “The 10 Best Companies To Work For In 2014” Twitter was ranked second, also holding the number one spot in the tech industry. According to Forbes, Twitter employees are treated to “complete medical and dental benefits, a ‘generous vacation policy,’ a 401(k) savings plan, paid maternity and paternity leave, catered breakfast and lunch in its San Francisco office, gym membership reimbursement, weekly in-office yoga and pilates classes and laundry and dry cleaning service, among other things.”
After a public IPO in 2013, Twitter has had some financial ups and downs. In February of this year it published its first set of results as a public company, and the results were not that spectacular, with a net loss of $511 million in the fourth quarter of 2013. None the less, Twitter can afford to look after its employees: the microblogging social media platform still earns a cool $664 million in revenue annually. With headquarters in San Francisco, California, Twitter currently has approximately 3,300 employees across the company.