Top 20 Highest Paying Companies in the US in 2017
The 2017 edition of “The Highest Paying Companies” has now been published. A.T. Kearney holds on to 1st place again this year. Strategy& also stays in 2nd, while VMware has moved up from 6th place to 3rd.
The 20 Highest Paying Companies in America report was published by the US careers site, Glassdoor, and identifies companies with the highest median total compensation package (including base salary and other forms of compensation) over the past year (3/2/16 – 3/1/17). Companies considered for this report must have received at least 50 salary reports from employees.
Remarkably, there are 17 tech firms in the Top 20. The remaining three groups are consulting companies, which highlights just how significant the shift to the technology space has been in recent years. The median value of total annual remuneration is USD135,000, while the median value of basic compensation is over USD116,000.
Google (6th), Amazon Lab 126 (10th), and McKinsey & Co (9th) have dropped back from last year, although for Google and Amazon Lab 126, the median value of their remuneration itself has actually risen. So the companies in the top 5 now all offer better remuneration than companies like Google, was previously seen as one of the highest payers.
Companies showing a sharp increase in remuneration and appearing in the list for the first time include Cadence Design Systems (5th), NVIDIA (8th), Dimension Data (14th) and Infomatica (16th). Facebook (7th), LinkedIn (12th), Broadcom Ltd. (18th) all rose strongly up the rankings.
Andrew Chamberlain, Chief Economist at Glassdoor, points out the relationship between compensation in different sectors and demand and supply. In his view, the persistent shortage of skilled personnel in the tech sector means that industry remuneration will continue to rise. Interestingly, it is not just in technology where demand for technology specialists is running at historically high levels. In recent years there has also been a big digital shift in the consulting sector, which has led to significant demand for skilled talent. As well as this, consulting companies also suffer from a lack of leading consultants.
The 20 Highest Paying Companies 2017
|2017||2016||Company name||Industry||Median Total compensation (USD)||Median Base compensation (USD)|
|20||15||Walmart eCommerce (Technology)||Tech||$143,500||$124,900|
|17||8||Boston Consulting Group||Consulting||$147,015||$144,800|
|9||4||McKinsey & Company||Consulting||$153,000||$140,000|
|5||NA||Cadence Design Systems||Tech||$156,702||$141,202|