It’s hard to make a big bucks these days – but you'll up your chances big time if you work for one of the 25 companies highlighted in Glassdoor’s “25 Highest Paying Companies in America for 2016” report. Basically, if you work for one of these 25 companies, you’re going to pull in a six-figure salary and probably some pretty nice perks, although the report doesn’t look at that. So let’s dive in and see where – and how – employees are making the substantial money this year.
Where did Glassdoor get this information? From "salary reports at companies in which employees have anonymously and voluntarily shared both their base pay and other forms of compensation (i.e. commissions, tips, bonuses, etc.) over the past year."The Highest Paying Companies
Out of the 25 companies on Glassdoor’s list, 20 are in the technology sector. So if your skills rank high on the geek scale, you could end up living out what your classmates may have said about you in high school: “One day we’ll probably be working for her anyway.”
The top-paying company on the list isn’t a technology firm; it’s a consulting business. A.T. Kearney pays a median salary of $143,620. Add in bonuses, and somebody at the middle of the pay scale can plan to make $167,534 (median means half the employees make more than that). The second highest is also a consulting company, Strategy&, which has a total median salary and bonuses of $160,000. Coming in third for the same total compensation calculation is a technology company, Juniper Networks, which pays $157,000. Consultants McKinsey & Company come in fourth, with $155,000.
Google is fifth on the list, with median total compensation of $153,750, and we’ve all heard about the crazy amazing perks that come with a job there. Fully stocked, free cafeteria? What? (For more, see The Top 10 Reasons to Work at Google.)
Visa clocks in at 11, with Facebook and Twitter taking the next two spots. Each of the three pays median total compensation of $150,000. If you can get by on $145,000, you can work for LinkedIn, with a ranking of 19, while Microsoft, in position 22, offers median total compensation of $141,000.
Here's the complete list:
1. A. T. Kearney
2. Strategy &
15. Walmart eCommerce
3. Juniper Networks
4. McKinsey & Company
7. Amazon Lab 126
8. Boston Consulting Group
10. Cadence Design Systems
23. F5 Networks
Source: GlassdoorIndustry Matters
One look at the list makes it clear that your industry makes a difference. Careers such as social worker are noble and necessary, but don't expect to see six digits on your W2 at the end of the year. For details on where the money is by category, see Glassdoor's earlier report, 25 Highest Paying Jobs in America, based on similar self-reported research.
Your mom was right about telling you to be a doctor, even in today's environment. The profession reporting the highest median salary for 2016 was physician. Despite healthcare cost controls driving down their earnings, physicians still manage to bring in a median base salary of $180,000. (For more, see High-Paying Healthcare Jobs and The Highest-Paying Medical Careers.) Lawyers come in second, with a median base salary of $144,500, and research and development managers take the bronze medal, bringing in median base salaries of $142,500. (Note that base salary does not include bonuses or other compensation.)
Looking at the rest of the list, there’s a clear pattern that matches the top companies. If you’re in technology or management, you’re destined for significant bucks. Design managers can plan on $106,500 and risk managers do even better, with a median base salary of $115,000. If you’re willing to settle for a mere $106,000 base, you could be an information systems manager.