This year might be the best year yet for medtech job salaries—at least in the U.S. Here’s a look at salaries for key engineering and other jobs at the largest medical device companies, courtesy of Glassdoor.
Employment has recovered in the U.S. since the Great Recession. But will wages catch up soon, too?
FiveThirtyEight sees some hopeful signs in 2016: By some measures, earnings were already showing some growth at the end of last year.
The medical device industry might be in a better situation than many after Congress’ recent suspension of the 2.3% medical device excise tax, along with other goodies that benefit medical device companies.
For now, an engineering job at a major medical device company seems to bring in anywhere from $69,000 to $133,000 a year, according to salary statistics on Glassdoor.
The data is not neatly structured and some job titles don’t have enough data points to warrant a title-by-title ranking of which firms pay the best for a given position.
Here’s a look at how medtech jobs stack up at some of the major companies:
Johnson & Johnson
Johnson & Johnson remains a medical device behemoth despite the fact that it faces increasing competition from Medtronic. As an employer, the company gets high marks from employees. On Glassdoor, the company has a 3.9 rating out of 4.
“The work is extremely challenging,” one reader told us last year. “There are ample opportunities for professional development and career advancement. The benefit package is first rate, and the pay scales are world-class. With offices and plants literally around the world the opportunities are everywhere. … My only regret is that I didn’t hook up with JNJ earlier in my career.”
- Senior Scientist: $102,694
- Principal Engineer: $133,160
Medtronic is now clearly one of the biggest medical device companies in the world and may also be one of the best medtech employers as well. “When you factor in employee and industry respect for our CEO, employee compensation packages and the diversity of product and evolving healthcare services offerings I propose that Medtronic is the best device company to work for in today’s environment,” wrote one of our readers last year.
Medtronic has been on a growth kick following its Covidien acquisition, adding 43,000 jobs in 215 past year, in large part as a result of its acquisition of Covidien. The company has a 3.7 rating.
- Senior R&D Engineer: $101,234.00
- Manufacturing Engineer: $76,697.00
- R&D Engineer: $84,790.00
- Quality Engineer: $79,567.00
General Electric Co.
- Engineer: $75,933
- Design Engineer: $76,392
- Manufacturing Engineer: $73,750
- Quality Engineer: $86,048
Baxter International Inc.
Baxter saw its profits nosedive in the third quarter of 2015, partly owing to costs from spinning off its pharma segment. The company cut roughly 5% of its non-manufacturing payroll. Reviews for the company are somewhat mixed.
- Quality Associate II: $65,171
- Senior Manager: $129,500
- Engineer I: $60,390
- Senior Principal Engineer: $115,277
Siemens Medical Solutions Health Services
- Senior Software Engineer: $90,421
- Customer Service Engineer: $82,580
- Staff Scientist: $110,485
- Project Manager: $112,281
- Research Staff Member: $118,432
- Design Engineer: $82,024
- Mechanical Engineer: $82,702
- Manufacturing Engineer: $81,667
- Research Scientist: $103,588
- Design Engineer: $69,192
- Senior Design Engineer: $83,059
- Project Manager: $87,888
- Sales: $61,684
Becton, Dickinson and Co.
- Senior Quality Engineer: $92,085
- Senior Scientist: $86,570
- Senior Engineer: $93,469
- Quality Engineer: $72,662
- Product Manager: $119,357
Boston Scientific Corp.
- Quality Engineer: $81,386
- Senior R&D Engineer: $93,230
- Manufacturing Engineer: $77,413
- Quality Engineer II: $81,359
- Senior Quality Engineer: $99,281
- Research and Development Engineer: $88,146
St. Jude Medical Inc.
- Process Development Engineer: $91,811
- Quality Engineer II: $85,327
- Senior Research Engineer: $99,614
- Engineer: $83,136
- Manufacturing Engineer: $84,249
- Quality Engineer: $84,093
- Senior Engineer: $102,925
- Engineer: $80,536
- Manufacturing Engineer: $93,152
Zimmer Biomet Holdings*
- Development Engineer: $66,368
- Manufacturing Engineer: $63,170
*Figures date from Zimmer figures, i.e. pre the Biomet merger
- Staff Engineer: $113,341
- Engineer II: $77,836
|Learn more about cutting-edge medical devices at MD&M East, June 14–15, 2016 in New York City.|
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