The 25 highest-paying companies in the US in 2016
Technology companies make up 20 of the 25 highest-paying companies in the US.
The tech industry, where median annual salaries are above $100,000, led the race in a new ranking of the top-paying companies in the US, new research found.
Technology companies make up 20 of the 25 highest-paying companies in the US, according to a study published by Glassdoor, a careers website.
Glassdoor looked at data voluntarily submitted by US employees from March 2015 to March 2016 and found that A.T Kearney and Strategy&, two consulting companies, grabbed the first two spots boasting pay packages of $167,534 and $157,000 respectively.
Alphabet’s Google, Facebook and Twitter predictably all made the list. Google employees can expect a median total compensation package including base salary, commissions and bonuses of $153,750, while staff at Twitter and Facebook have to settle for $150,000.
Juniper Network, a California based firm, led the technology industry finishing third overall with a total compensation package of $157,000.
Dr. Andrew Chamberlain, Glassdoor chief economist, said that high pay continues to be tied to in-demand skills and higher education
“Salaries are sky-high at consulting companies due to barriers of entry in this field, which refers to employers wanting top consultants to have personal contacts, reputations and specialised skills and knowledge,” Chamberlain said.
“In technology, we continue to see unprecedented salaries as the war for talent is still very active, largely due to the ongoing shortage of highly skilled workers needed,” he added.
Tech giants Apple and Amazon surprisingly didn't make the cut.
Jessica Jaffe, Glassdoor Community Expert, told the Independent that in both cases the companies had large workforces with diverse positions. This could also indicate a more diverse employee salary range.
"If you go to Amazon's salaries page you'll see a wide range of positions and salaries: from warehouse worker to technical program manager. Also, if you go to Apple's salaries page, you'll also see a wide range of positions and salaries: from Apple store specialists to software engineers. This compares to Google's salary page where you will see less diversity and positions," Jaffe said.
Business news: In pictures
Show all 13Nineteen of the 25 highest paying companies were based in the New York and San Francisco metro regions.
"These areas have a high cost of living. In order to attract the right talent in these expensive cities, these particular companies are offering higher salaries," Jaffe said.
Glassdoor only included companies that had at least 50 salary reports from US-based employees in its study.
These are the 25 highest-paying companies in the US in 2016 :
1. A.T. Kearney
Median Total Compensation: $167,534
Median Base Salary: $143,620
Industry: Consulting
2. Strategy&
Median Total Compensation: $160,000
Median Base Salary: $147,000
Industry: Consulting
3. Juniper Networks
Median Total Compensation: $157,000
Median Base Salary: $135,000
Industry: Technology
4. McKinsey & Company
Median Total Compensation: $155,000
Median Base Salary: $135,000
Industry: Consulting
5. Google
Median Total Compensation: $153,750
Median Base Salary: $123,331
Industry: Technology
6. VMware
Median Total Compensation: $152,133
Median Base Salary: $130,000
Industry: Technology
7. Amazon Lab126
Median Total Compensation: $150,100
Median Base Salary: $138,700
Industry: Technology
8. Boston Consulting Group
Median Total Compensation: $150,020
Median Base Salary: $147,000
Industry: Consulting
9. Guidewire
Median Total Compensation: $150,020
Median Base Salary: $135,000
Industry: Technology
10. Cadence Design Systems
Median Total Compensation: $150,010
Median Base Salary: $140,000
Industry: Technology
11. Visa
Median Total Compensation: $150,000
Median Base Salary: $130,000
Industry: Finance
12. Facebook
Median Total Compensation: $150,000
Median Base Salary: $127,406
Industry: Technology
13. Twitter
Median Total Compensation: $150,000
Median Base Salary: $133,000
Industry: Technology
14. Box
Median Total Compensation: $150,000
Median Base Salary: $130,000
Industry: Technology
15. Walmart eCommerce
Median Total Compensation: $149,000
Median Base Salary: $126,000
Industry: Technology
16. SAP
Median Total Compensation: $148,431
Median Base Salary: $120,000
Industry: Technology
17. Synopsys
Median Total Compensation: $148,000
Median Base Salary: $130,000
Industry: Technology
18. Altera
Median Total Compensation: $147,000
Median Base Salary: $134,000
Industry: Technology
19. LinkedIn
Median Total Compensation: $145,000
Median Base Salary: $120,000
Industry: Technology
20. Cloudera
Median Total Compensation: $145,000
Median Base Salary: $129,500
Industry: Technology
21. Salesforce
Median Total Compensation: $143,750
Median Base Salary: $120,000
Industry: Technology
22. Microsoft
Median Total Compensation: $141,000
Median Base Salary: $125,000
Industry: Technology
23. F5 Networks
Median Total Compensation: $140,200
Median Base Salary: $120,500
Industry: Technology
24. Adobe
Median Total Compensation: $140,000
Median Base Salary: $125,000
Industry: Technology
25. Broadcom
Median Total Compensation: $140,000
Median Base Salary: $130,000
Industry: Technology
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies