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The lack of skilled IT workers is hurting the deployment of emerging technology, according to a new survey from Gartner. In areas from cloud to cybersecurity, this crisis is expected to last for years to come.
For tech companies, maintaining the talent pool requires paying
very high salaries to bring in software developers and engineers.
According to a study by Glassdoor published last year, the six companies
that paid engineers the most included Juniper Networks, LinkedIn,
Yahoo!, Google, Twitter and Apple — all of which were among the top 15
highest-paying companies overall.
These are the 15 highest-paying companies:
15. Barclays Capital
> Median salary: $123,000
> Number of employees: 139,600
> Sector: Finance
> Headquartered: London, U.K.
Barclays
PLC (NYSE: BCS) investment banking division, formerly known as Barclays
Capital, is by some metrics the top-paying company in finance.
Entry-level employees are better paid than comparable positions
elsewhere. Analysts at Barclays, for example, earn $78,167 a year on
average, $5,000 more than a typical analyst’s compensation in New York
City, the U.S. headquarters of the U.K. financial services firm. Higher
level positions are also well-paid. While assistant vice presidents at a
number of other banks in New York City earn around $100,000 per year,
Barclays pays more than $126,000 a year, on average, for the same
position. Employees at Barclays also rated their company very favorably
for its benefit programs, citing generous maternity leave and health
options.
14. Apple
> Median salary: $123,284
> Number of employees: 80,300
> Sector: Information technology
> Headquartered: Cupertino, Calif.
It
is perhaps no wonder to find the iPhone and iPad maker on this list. To
remain in the forefront of innovation, Apple Inc. (NASDAQ: AAPL) needs
to employ talented engineers and programmers. While typical software
developers and programmers earned $87,100 nationwide in 2012, median
annual earnings at Apple are more than $123,000. Apple even pays some
software engineers more than $200,000 a year.In addition to good
salaries and stock bonuses, current employees cite a challenging work
environment and numerous opportunities for career growth.
13. Yahoo!
> Median salary: $125,000 (tied for 9th highest)
> Number of employees: 12,200
> Sector: Information technology
> Headquartered: Sunnyvale, Calif.
Global
Internet portal company Yahoo! Inc. (NASDAQ: YHOO) pays its software
engineers, internally called a “technical Yahoo,” considerably more than
$100,000 per year. For a rough comparison, a typical software developer
and programmer in the United States was paid $87,100 in 2012. The
company is located in Silicon Valley and often competes with other major
tech companies for employees, as well as for investments. Some Yahoo!
employees criticized CEO Marissa Mayer last year for personally
reviewing and having to confirm every new hire. The company has made a
number of high-profile acquisitions since Mayer became CEO in 2012.
12. Twitter
> Median salary: $125,000 (tied for 9th highest)
> Number of employees: 2,712
> Sector: Information technology
> Headquartered: San Francisco, Calif.
Twitter
Inc. (NASDAQ: TWTR) is yet another top player from the tech sector. In
addition to paying a high median salary, the San Francisco company also
generously awards shares to its employees. Total stock-based
compensation at the company amounted to more than $593 million in 2013.
Twitter shares are already up considerably from their November IPO price
of $26. Twitter was also ranked second best in Glassdoor’s 2014 Best
Places to Work, behind only Bain & Company.
11. McKinsey & Co.
> Median salary: $125,000 (tied for 9th highest)
> Number of employees: 17,000
> Sector: Accounting and legal
> Headquartered: New York City, N.Y.
For
the second consecutive year, McKinsey & Co. has not appeared on
Glassdoor’s 50 Best Places to Work list. Despite this, the firm still
offers some of the most lucrative salaries in the management consultancy
world. The median income for a management consultant at McKinsey &
Co. in the United States is $125,000 a year, while the median income for
a management consultant was $78,600 in 2012, according to the BLS.
Aside from a generally higher salary, the company also provides its
roughly 17,000 employees a health plan with no deductible or co-pay, and
no requirement that the doctor or hospital is “in-network.”
10. Google
> Median salary: $125,000 (tied for 9th highest)
> Number of employees: 47,756
> Sector: Information technology
> Headquartered: Mountain View, Calif.
Google
Inc. (NASDAQ: GOOG) is one of the world’s most valuable companies as
measured by market cap, and employees often reap the rewards. Software
engineers, product managers and research scientists often earn salaries
running well above $100,000 per year, according to Glassdoor. Google is
well-known for not sparing any expense to recruit the best talent
available. Employees receive a wide range of perks, including on-site
medical care and its famous “20% time” — in which employees can work on
whatever projects they want. An added perk for some employees is the
opportunity to work with a number of the world’s leading thinkers,
including chief economist Hal Varian and director of engineering Ray
Kurzweil.
9. Walmart eCommerce
> Median salary: $125,000 (tied for 9th highest)
> Number of employees: 2,000,000 (1,500 in Walmart eCommerce)
> Sector: Retail
> Headquartered: San Bruno, CA
While
Wal-Mart Stores Inc. (NYSE: WMT) has been frequently criticized for the
low pay of its retail employees, the company is by no means afraid to
pay for talent. The company continues to invest aggressively in its
online business, with the hopes of catching up to online retail giant
Amazon.com. To do so, the world’s largest retailer has had to pay for
workers in software development, where the national median salary was
$87,100 in 2012. This was far higher than the median earnings of the
company’s retail sales workers of slightly less than $20,000 annually.
And Walmart eCommerce doesn’t just pay these engineers the national
median but far above it. At $125,000 per year, the pay of engineers at
Walmart is comparable to pay at tech companies such as Google and
Twitter.
8. Autodesk
> Median salary: $128,000
> Number of employees: 7,300
> Sector: Business services
> Headquartered: San Francisco, Calif.
Autodesk
Inc. (NASDAQ: ADSK) is one of the highest-paying companies in the area
of software engineering. The company, which specializes in cloud
servicing software, is located in San Francisco and had revenue of $2.31
billion in 2013. While the median salary of a software engineer in the
United States was $87,100 in 2012, the average salary of a software
engineer at Autodesk is $106,959 a year.
7. LinkedIn
> Median salary: $130,000 (tied for 6th highest)
> Number of employees: 5045
> Sector: Information technology
> Headquartered: Mountain View, Calif.
LinkedIn
Corp. (NYSE: LNKD) is the highest-paying social network to work for,
with salaries that outpace those of both Twitter and Facebook. The
company pays software engineers and data scientists salaries that can
frequently exceed $150,000 per year. Also, like its competitors,
LinkedIn ranks as one of the top companies to work for, according to
Glassdoor. Employees noted in their reviews that “this company has an
amazing culture!” and that the company “truly cares about its employees,
providing opportunities for professional growth and career
transformation.”
6. Visa Inc.
> Median salary: $130,000 (tied for 6th highest)
> Number of employees: 9,500
> Sector: Finance
> Headquartered: Foster City, Calif.
Based
on the relatively low employee satisfaction score on Glassdoor, many
employees find Visa Inc. (NYSE: V) a difficult place to work. However,
the company makes up for it by paying higher salaries than its two
closest competitors. The average salary for a number of positions at
Visa is well over $100,000 a year. By contrast, neither of Visa’s chief
rivals, American Express and MasterCard, was listed among the top-paying
companies by Glassdoor. Visa also offers perks to employees beyond the
typical benefits package.
5. Juniper Networks
> Median salary: $134,218
> Number of employees: 9,483
> Sector: Information technology
> Headquartered: Sunnyvale, CA
Unlike
many of the best-paying companies in Silicon Valley, Juniper Networks
Inc. (NYSE: JNPR) is not a consumer electronics, software or social
media company. The networking equipment company sells its services and
products — including its Junos network operating system — to carriers,
cable companies and Internet service providers, among others. Employees
working in similar companies may often be well compensated — the median
pay for computer network architects in 2012 was $91,000. Juniper is
certainly no slouch where pay is concerned. Software and systems
engineers at Juniper were paid well more than $100,000 per year.
4. A.T. Kearney
> Median salary: $135,000
> Number of employees: 3,200
> Sector: Business services
> Headquartered: Chicago, Ill.
Management
consulting firm A.T. Kearney was among the companies where the most
business school graduates wanted to work, according to Fortune. One of
the likely reasons for this is the pay — the median annual salary at the
Chicago firm is $135,000. Comparably, the median annual salary for
management consultants in Chicago is $110,365. Generous compensation,
however, is not the company’s only draw. The company was also named as
one of the Best Places for Diverse and Women Managers to Work by
Diversity MBA magazine and Fortune’s “100 Top MBA Employers” in 2013.
3. Booz & Company
> Median salary: $140,000
> Number of employees: 3,000+
> Sector: Business services
> Headquartered: New York City, N.Y.
Booz
& Company, a global management consulting firm, has been recognized
around the world as one of the best firms both for its performance and
its treatment of its employees. While the company did not fare well on
Glassdoor’s Best Places to Work list this year, employees seem very
pleased, citing numerous opportunities for advancement and competitive
salaries on Glassdoor. While senior business consultants in New York
City earn slightly more than $100,000 a year, they are paid some
$140,000 a year at Booz & Co. PricewaterhouseCoopers recently
completed a deal to purchase Booz & Co., although whether the
business will continue as a standalone brand or adopt the PwC moniker
has not yet been announced.
2. Boston Consulting Group
> Median salary: $143,750
> Number of employees: 6,200
> Sector: Business services
> Headquartered: Boston, Mass.
Top
management consulting firms generally pay handsome salaries, and that
is especially true at Boston Consulting Group (BCG), which pays a median
of $143,750 per year. This is well above the median annual salary
$114,000 for a management consultant in Boston. The company, which
employs nearly 5,000 consultants in 75 offices in 42 countries, consults
top management at companies in virtually every sector. With nearly $4
billion in revenue in 2013, BCG is one of the richest management
consultants in the world. In addition to a comparably lucrative salary,
the firm offers employees a variety of benefits that most companies do
not give, according to Workforce Magazine. BCG picks up the full tab on
health care premiums for its employees, and it pays its consultants to
engage in nonprofit work.
1. Apogee Medical
> Median salary: $220,000
> Number of employees: 750 (no. of physicians, nurse practitioners, physician assistants)
> Sector: Manufacturing
> Headquartered: Phoenix, Ariz.
Apogee
Medical pays its employees a median annual salary of $220,000 — the
best in the country. It is likely that the salaries are high because the
company is the largest physician-owned hospitalist group in the
country. Hospitalists — physicians who provide comprehensive care to
hospitalized patients — are Apogee’s highest-paid employees, making an
average of $215,000 per year. According to the company’s website, Apogee
employs more than 750 physicians, nurse practitioners and physician
assistants, all of which earn more than $100,000 a year.
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