Top 15 Highest Paying Companies in USA That You Should Try to Join
|Top 15 Highest Paying Companies in USA That You Should Try to Join|
Employees of cybersecurity company Palo Alto Networks are paid an average of more than $170,000 a year.
Salary and benefits are two main factors that help companies attract workers. Based on a survey on the website about the salary of visitors in the period of July 2018 - July 2019, the recruitment consulting website Glassdoor has made a list of the highest paying companies in the US. Most of them are technology, consulting and financial firms.
At the top is cybersecurity company Palo Alto Networks, with an average salary of $170,929. This is significantly higher than the more than $73,000 average in the San Francisco Bay area, where most of the companies on this list are located.
Why wages vary between different companies?
Reasons wages vary
Everyone brings unique skills and abilities to a job. And no two jobs are exactly alike. Variations affect pay for jobs within the same occupation. Often, the more pronounced these variations are, the bigger the wage difference.
In contrast, occupations with less variability among workers and jobs may have smaller wage differences. Fast food cooks, for example, have fairly consistent wages, and jobs in this occupation tend to involve similar tasks, industries of employment, and skill requirements.
Credentials. Workers who have advanced education or hold professional certification or licensure may earn more than other workers in the same occupation who don't have these credentials, especially when credentials are sought after by employers.
Experience and skill. Often, the longer you do a job, the more productive you become. As a result, experienced workers usually earn more than beginners. Workers who have in-demand skills also may earn more.
Industry or employer. Occupational wages vary by industry and employer. Diverse working conditions, clientele, and training requirements are among the reasons why wages might differ from one employment setting to the next.
Job tasks. Jobs for a specific occupation often have similar position descriptions, but individual tasks may vary. And jobs involving more complex tasks or greater responsibility may have higher wages than those that don't, even within the same company.
Geographic location. Some states or areas have higher wages than others for jobs in an occupation. Local demand for the work and cost of living are among the geographic factors affecting wages.
Success and performance. Some occupations are extremely competitive, and a small number of workers who are successful in them often have very high earnings. Workers whose pay depends on their job performance also might have very high wages or very low wages.
Tips to Finding a Top-Paying Job
While exact requirements will vary by position, high-end jobs generally require higher education and some years of related experience. For example, general managers tend to be chosen from those with management education, such as an MBA, and several years of experience in their respective industry. Some universities offer online certificate programs, as well, which can be an excellent way to boost the credentials on your resume, allowing you to stand out from the competition.
For employees interested in gaining experience at earlier career stages, using the search terms like “entry-level” and then filtering by the desired salary can help. These jobs help provide the vital experience needed to move into managerial positions at later points in a career. To advance to higher positions, particularly to those positions that include six-figure salaries, education is critical.
Networking is important in any job as a means to be considered for more interviews and to advance from those roles into higher positions. Be sure to use all available resources when seeking work in the field. Many jobs today are acquired through networking, whether in person or online. Joining local industry organizations and maintaining a presence at meet-ups is a great way to network with like-minded professionals. Keep an active, updated presence on social media websites like LinkedIn and take advantage of opportunities to connect with others whenever they present themselves.
Don’t Forget Your Resume
With any resume, there are obvious things that should always demand attention, such as checking for correct spelling, a focused objective statement and a layout that allows for clear scanning by recruiters. Beyond this, be sure to note details when describing your work experience. Providing quantitative details can help your resume stand out. For example, if you are an analyst, how large is the database that you manage? If you work in supply chain, how many orders are you responsible for overseeing? These details help potential employers gain a better understanding of your experience and the types of environments in which you might excel.
You should also portray the soft skills that are most relevant to your field. One way to avoid simply writing platitudes like “great attention to detail” and “team player” is to mention specific projects in which you have demonstrated your soft skills on your resume. For example, include any cross-functional projects you have worked on, or if you are a part of a mentorship program.
Do Your Research
With so much information available online, it is now much easier to determine what is fair compensation for a specific job. Websites such as PayScale, Glassdoor and Robert Half can show you not only what your position earns in your area, but also what people with that job make at a particular company.
Walking into the interview, you should not only have a good idea of what salary range you expect but also a familiarity with what the company does and the positions available. If you are looking to advance within a company, take a note of their organizational structure and company culture. Oftentimes you can determine if the company will be a good fit before the interview by looking at the organization’s website and social media pages.
The Interview: Relax and Focus
Once you get the call for an interview, it is time to really focus. While you may be nervous, it is very important to try and relax. While being slightly nervous can show that you care, maintaining a confident and engaged attitude is essential to putting your best foot forward.
Also, be sure to enter the interview with examples of past experiences in mind. Have you ever had to deal with a difficult situation and, if so, what did you do to resolve the issue? Have you ever worked in a position where you had to handle a large volume of work at once? How did you remain calm and prioritize to ensure that all projects were addressed? While you may not be asked questions like these, it is important for any aspiring manager to understand how to quickly react in a variety of situations.
What are the 15 highest paying companies in the US?
1. Alphabet Inc.
|Photo: Mark Kalin|
> Median employee pay: $295,884
Alphabet Inc (Alphabet), the holding company of Google, is a global technology company. It offers a wide range of products and platforms, including search, maps, calendar, ads, Gmail, Google Play, Android, google cloud, chrome, and YouTube. It also offers hardware products such as Pixel phones, smartwatches, Google Nest home products, and other related products. The company offers online advertising services through its AdSense, internet, TV services, licensing and research and development services. Alphabet is also involved in investing in infrastructure, data management, analytics, and artificial intelligence (AI). The company has business presence across the Americas, Europe, and Asia-Pacific. Alphabet is headquartered in Mountain View, California, the US.
In June, the company's Google Cloud partnered with observIQ to improve telemetry for managing business-critical applications and environments.
In June, Google Maps and Airbnb introduced new ways to save money/stay safe for summer travel.
In June, the company’s self-driving trucking unit Waymo Via and Uber Technology Inc's Freight business signed a long-term strategic partnership to allow future customers to deploy autonomous trucks more efficiently.
2. Meta Platforms/Facebook
> Median employee pay: $292,785
Facebook, American online social network service that is part of the company Meta Platforms. Facebook was founded in 2004 by Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes, all of whom were students at Harvard University. Facebook became the largest social network in the world, with nearly three billion users as of 2021, and about half that number were using Facebook every day. The company’s headquarters are in Menlo Park, California.
Access to Facebook is free of charge, and the company earns most of its money from advertisements on the website. New users can create profiles, upload photos, join a preexisting group, and start new groups. The site has many components, including Timeline, a space on each user’s profile page where users can post their content and friends can post messages; Status, which enables users to alert friends to their current location or situation; and News Feed, which informs users of changes to their friends’ profiles and status. Users can chat with each other and send each other private messages. Users can signal their approval of content on Facebook with the Like button, a feature that also appears on many other websites. Other services that are part of Meta Platforms are Instagram, a photo- and video-sharing social network; Messenger, an instant-messaging application; and WhatsApp, a text-message and VoIP service.
Based on employees' reviews, companies received overall ratings on a scale of one to five, with five representing the most satisfied employees.
"Every morning when I go in, I feel like the luckiest guy on earth for ever landing a job here," writes a Facebook data scientist in Menlo Park, California, on Glassdoor.
"From its openness to its diversity, Facebook has truly surpassed all tech companies in terms of culture, perks, and employee lifestyle," a software engineer at Facebook in Menlo Park writes.
3. Incyte Corp
|Photo: Incyte Corporation|
> Median employee pay: $248,810
Incyte is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware, and Morges, Switzerland. The company was created in 2002 through the merger of Incyte Pharmaceuticals, founded in Palo Alto, California in 1991 and Incyte Genomics, Inc. of Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
Incyte Corporation currently develops and manufacturers prescription biopharmaceutical medications in multiple therapeutic areas including oncology, inflammation, and autoimmunity.
Incyte Corporation currently has four marketed and co-marketed pharmaceutical products, including Jakafi (ruxolitinib), Pemazyre (pemigatinib), Monjuvi (tafasitamab-cxix) and Iclusig (ponatinib).
In 2013, Novartis acquired Incyte's c-Met inhibitor capmatinib (INC280, INCB028060), which is marketed under the brand name Tabrecta.
As of 2014, the company was developing baricitinib, an oral JAK1 and JAK2 inhibitor drug for rheumatoid arthritis in partnership with Eli Lilly. It gained EU approval in February 2017. In April 2017, the US FDA issued a rejection, citing concerns about dosing and safety. In May 2018, baricitinib was approved in the United States for the treatment of rheumatoid arthritis under the brand name Olumiant.
As of 2016 epacadostat, an indoleamine 2,3-dioxygenase (IDO1) inhibitor, was in development for various cancers and was in combination trials with Merck's pembrolizumab (Keytruda) and Bristol Myers Squibb's nivolumab (Opdivo).
4. Broadcom Inc.
> Median employee pay: $247,541
Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, and storage and industrial markets.
Tan Hock Eng is the company's president and CEO. The company is headquartered in San Jose, California. Avago Technologies Limited took the Broadcom part of the Broadcom Corporation name after acquiring it in January 2016. The ticker symbol AVGO that represented old Avago now represents the new merged entity. The Broadcom Corporation ticker symbol BRCM was retired.
Broadcom has a long history of corporate transactions (or attempted transactions) with other prominent corporations mainly in the high-technology space.
In October 2019, the European Union issued an interim antitrust order against Broadcom concerning anticompetitive business practices which allegedly violate European Union competition law.
5. Vertex Pharmaceuticals Inc
> Median employee pay: $234,107
Vertex Pharmaceuticals is an American biopharmaceutical company based in Boston, Massachusetts. It was one of the first biotech firms to use an explicit strategy of rational drug design rather than combinatorial chemistry. It maintains headquarters in South Boston, Massachusetts, and three research facilities, in San Diego, California, and Milton Park, near Oxford, England.
Vertex was founded in 1989 by Joshua Boger and Kevin J. Kinsella to "transform the way serious diseases are treated."
The company's beginnings were profiled by Barry Werth in the 1994 book, The Billion-Dollar Molecule and it's further developed in his 2014 book, The Antidote: Inside the World of New Pharma.
By 2004, its product pipeline focused on viral infections, inflammatory and autoimmune disorders, and cancer.
In 2009, the company had about 1,800 employees, including 1,200 in the Boston area. By 2019 there were about 2,500 employees.
Since late 2011, Vertex has ranked among the top 15 best-performing companies on the Standard & Poor's 500. Vertex shares increased 250 percent in the same period. In January 2014, Vertex completed its move from Cambridge, Massachusetts, to Boston, Massachusetts, and took residence in a new, $800 million complex. Located on the South Boston waterfront, it marked the first time in the company's history that all of the roughly 1,200 Vertex employees in the Greater Boston area worked together.
On 23 January 2019, Ian Smith, the COO and interim CFO of Vertex, was terminated from his position for undisclosed personal behavior that violated established company code of conduct rules. In June of the same year, Vertex announced it would acquire Exonics Therapeutics for up to $1 billion and collaborate with CRISPR Therapeutics, boosting its development of treatments for Duchenne muscular dystrophy and myotonic dystrophy type 1.
In September 2019 the company announced it would acquire Semma Therapeutics for $950 million in cash. Semma Therapeutics created a "small, implantable device that holds millions of replacement beta cells, letting glucose and insulin through but keeping immune cells out."
On 1 April 2020, former chief medical officer, Reshma Kewalramani, became president and chief executive officer of Vertex Pharmaceuticals. Former CEO and president Jeffrey Leiden transitioned to the role of executive chairman of the board of directors, as of 1 April 2020. Dr. Leiden will serve as executive chairman until April 2023.
6. Servicenow, Inc.
|Photo: Business Now|
> Median employee pay: $233,859
ServiceNow is an American software company based in Santa Clara, California that develops a cloud computing platform to help companies manage digital workflows for enterprise operations. Founded in 2003 by Fred Luddy, ServiceNow is listed on the New York Stock Exchange and is a constituent of the Russell 1000 Index and S&P 500 Index. In 2018, Forbes magazine named it number one on its list of the world's most innovative companies.
ServiceNow is a platform-as-a-service provider, providing technical management support, such as IT service management, to the IT operations of large corporations, including providing help desk functionality. The company's core business revolves around management of "incident, problem, and change" IT operational events. Their fee model was based on a cost per user (seat) per month, with that cost ranging down from US$100.
In March 2020, ServiceNow released "Orlando", a version of its cloud software paired with artificial intelligence technology aimed at fixing practical problems.
7. Twitter, Inc.
> Median employee pay: $232,626
Twitter, Inc. is an American communications company based in San Francisco, California. The company operates the microblogging and social networking service Twitter. It previously operated the Vine short video app and Periscope livestreaming service.
Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and launched in July of that year. By 2012, more than 100 million users posted 340 million tweets a day, and the service handled an average of 1.6 billion search queries per day. The company went public in November 2013. By the start of 2019, Twitter had more than 330 million monthly active users.
On April 25, 2022, the Twitter board of directors agreed to a $44 billion buyout by Elon Musk, the CEO of SpaceX and Tesla, potentially making it one of the biggest deals to turn a company private.
8. Etsy Inc
> Median employee pay: $231,338
Etsy, Inc. is an American e-commerce company focused on handmade or vintage items and craft supplies. These items fall under a wide range of categories, including jewelry, bags, clothing, home décor and furniture, toys, art, as well as craft supplies and tools. Items described as vintage must be at least 20 years old. The site follows in the tradition of open craft fairs, giving sellers personal storefronts where they list their goods for a fee of US$0.20 per item.
As of 31 December 2021, Etsy had over 120 million items in its marketplace, and the online marketplace for handmade and vintage goods connected 7.5 million sellers with 96.3 million buyers. At the end of 2021, Etsy had 2,402 employees. In 2021, Etsy had total sales, or Gross Merchandise Sales (GMS), of US$13.5 billion on the platform. In 2021, Etsy garnered a revenue of US$2.3 billion and registered a net income of US$493.5 million. The platform generates revenue primarily from three streams: its Marketplace revenue includes a fee of 6.5% of final sale value, which an Etsy seller pays for each completed transaction, on top of a listing fee of 20 cents per item; Seller Services, Etsy's fastest growing revenue stream, includes fees for services such as "Promoted Listings", payment processing, and purchases of shipping labels through the platform; while Other revenue includes fees received from third-party payment processors.
9. Nvidia Corp
> Median employee pay: $217,542
Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It is a software and fabless company which designs graphics processing units (GPUs), application programming interface (APIs) for data science and high-performance computing as well as system on a chip units (SoCs) for the mobile computing and automotive market. Nvidia is a global leader in artificial intelligence hardware & software from edge to cloud computing and expanded its presence in the gaming industry with its handheld game consoles Shield Portable, Shield Tablet, and Shield Android TV and its cloud gaming service GeForce Now. Its professional line of GPUs are used in workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design.
In addition to GPU manufacturing, Nvidia provides an API called CUDA that allows the creation of massively parallel programs which utilize GPUs. They are deployed in supercomputing sites around the world. More recently, it has moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. In addition to AMD, its competitors include Intel and Qualcomm.
10. Gilead Sciences Inc
> Median employee pay: $211,687
Gilead Sciences, Inc., is an American biopharmaceutical company headquartered in Foster City, California, that focuses on researching and developing antiviral drugs used in the treatment of HIV/AIDS, hepatitis B, hepatitis C, influenza, and COVID-19, including ledipasvir/sofosbuvir and sofosbuvir. Gilead is a member of the NASDAQ Biotechnology Index and the S&P 500.
Gilead was founded in 1987 under the name Oligogen by Michael L. Riordan. The original name was a reference to oligomers, small strands of DNA used to target genetic sequences. Gilead held its IPO in 1992, and successfully developed drugs like Tamiflu and Vistide that decade.
In the 2000s, Gilead received approval for drugs including Viread and Hepsera, among others. It began evolving from a biotechnology company into a pharmaceutical company, acquiring several subsidiaries, though it still relied heavily on contracting to manufacture its drugs.
The company continued its growth in the 2010s, but came under heavy scrutiny over its business practices, including extremely high pricing of drugs such as Sovaldi and Truvada in the United States relative to production cost and cost in the developing world.
11. F5, Inc.
> Median employee pay: $206,330
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability & performance, network security, and access & authorization.
F5 is headquartered in Seattle, Washington in F5 Tower, with an additional 75 offices in 43 countries focusing on sales, support, development, manufacturing, and administrative jobs. Notable office locations include Spokane, Washington; New York, New York; Boulder, Colorado; London, England; San Jose, California; and San Francisco, California.
F5's originally offered application delivery controller (ADC) technology, but expanded into application layer, automation, multi-cloud, and security services. As ransomware, data leaks, DDoS, and other attacks on businesses of all sizes are arising, companies such as F5 have continued to reinvent themselves. While the majority of F5's revenue continues to be attributed to their hardware products such as the BIG-IP iSeries systems, the company has begun to offer additional modules on their proprietary operating system, TMOS (Traffic Management Operating System.) These modules are listed below and include, but are not limited to, Local Traffic Manager (LTM), Advanced Web Application Firewall (AWAF), DNS (previously named GTM), and Access Policy Manager (APM). These offer organizations running the BIG-IP the ability to deploy load balancing, Layer 7 application firewalls, single sign-on (for Azure AD, Active Directory, LDAP, and Okta), as well as enterprise-level VPNs. While the BIG-IP was traditionally a hardware product, F5 now offers it as a virtual machine, which they have branded as the BIG-IP Virtual Edition. The BIG-IP Virtual Edition is cloud agnostic and can be deployed on-premises in a public and/or hybrid cloud environment.
F5's customers include Microsoft, Oracle, Alaska Airlines, Tesla, and Meta.
12. Host Hotels & Resorts, Inc.
|Photo: PR Newswire|
> Median employee pay: $206,292
Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. As of February 19, 2021, the company owned 80 upscale hotels containing approximately 46,500 rooms in the United States, Brazil, and Canada.
In 1897, the Van Noy Brothers of Kansas City, Missouri, formed Van Noy Railway News and Hotel Company to operate news stands along the Missouri Pacific and other regional railroads. The company later expanded to various hospitality services, including hotels. After several name and business changes it became the Host International Company in 1968. It was acquired by Marriott Corporation in 1982. In 1995, Marriott divided its business into two companies, naming one Host Marriott. The company continued to manage travel concessions at airports and along turnpikes and interstate highways. These concession businesses were further spun off as Host Marriott Services, or HMSHost. After divesting its non-hotel business and reorganizing as a real estate investment trust, it adopted its current name in 2006.
13. Fortinet Inc
> Median employee pay: $202,875
Fortinet is an American multinational corporation headquartered in Sunnyvale, California. The company develops and sells cybersecurity solutions, such as physical firewalls, antivirus software, intrusion prevention systems, and endpoint security components.
Brothers Ken Xie and Michael Xie founded Fortinet in 2000. The company's first and main product was FortiGate, a physical firewall. The company later added wireless access points, sandbox (computer security), and messaging security. The company went public in November 2009.
14. Netflix Inc
> Median employee pay: $201,743
Netflix, Inc. is an American subscription streaming service and production company. Launched on August 29, 1997, it offers a film and television series library through distribution deals as well as its own productions, known as Netflix Originals.
As of March 31, 2022, Netflix had over 221.6 million subscribers worldwide, including 74.6 million in the United States and Canada, 74.0 million in Europe, the Middle East and Africa, 39.9 million in Latin America and 32.7 million in Asia-Pacific. It is available worldwide aside from Mainland China, Syria, North Korea, and Russia. Netflix has played a prominent role in independent film distribution, and it is a member of the Motion Picture Association (MPA).
Netflix can be accessed via internet browser on computers, or via application software installed on smart TVs, set-top boxes connected to televisions, tablet computers, smartphones, digital media players, Blu-ray Disc players, video game consoles and virtual reality headsets on the list of Netflix-compatible devices. It is available in 4K resolution. In the United States, the company provides DVD and Blu-ray rentals delivered individually via the United States Postal Service from regional warehouses.
Netflix was founded on the aforementioned date by Reed Hastings and Marc Randolph in Scotts Valley, California. Netflix initially both sold and rented DVDs by mail, but the sales were eliminated within a year to focus on the DVD rental business. In 2007, Netflix introduced streaming media and video on demand. The company expanded to Canada in 2010, followed by Latin America and the Caribbean. Netflix entered the content-production industry in 2013, debuting its first series House of Cards. In January 2016, it expanded to an additional 130 countries and then operated in 190 countries.
The company is ranked 115th on the Fortune 500 and 219th on the Forbes Global 2000. It is the second largest entertainment/media company by market capitalization as of February, 2022. In 2021, Netflix was ranked as the eighth-most trusted brand globally by Morning Consult. During the 2010s, Netflix was the top-performing stock in the S&P 500 stock market index, with a total return of 3,693%.
Netflix is headquartered in Los Gatos, California, in Santa Clara County, with the two CEOs, Hastings and Ted Sarandos, split between Los Gatos and Los Angeles, respectively. It also operates international offices in Asia, Europe and Latin America including in Canada, France, Brazil, Netherlands, India, Italy, Japan, South Korea and the United Kingdom. The company has production hubs in Los Angeles, Albuquerque, London, Madrid, Vancouver and Toronto. Compared to other distributors, Netflix pays more for TV shows up front, but keeps more "upside" (i.e. future revenue opportunities from possible syndication, merchandising, etc.) on big hits.
15. Citrix Systems Inc
> Median employee pay: $201,540
Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. Citrix products are claimed to be in use by over 400,000 clients worldwide, including 99% of the Fortune 100, and 98% of the Fortune 500.
The company was founded in Richardson, Texas in 1989 by Ed Iacobucci, who served as chairman until his departure in 2000. It began by developing remote access products for Microsoft operating systems, licensing source code from Microsoft, and has been in partnership with the company throughout its history. By the 1990s, Citrix came to prominence as an industry leader in thin client technology, enabling purpose-built devices to access remote servers and resources. The company launched its first initial public offering in 1995 and, with few competitors, experienced large revenue increases between 1995 and 1999.
Citrix acquired Sequoia Software Corp. in 2001 and ExpertCity, a provider of remote desktop products, in 2003. This was followed by more than a dozen other acquisitions from 2005 to 2012, which allowed Citrix to expand into server and desktop virtualization, cloud computing, Infrastructure as a Service, and Software as a Service offerings. In 2014, Citrix acquired Framehawk and used its technology to improve the delivery of virtual desktops and applications over wireless networks. In 2016, as part of a US$1.8 billion product deal with LogMeIn, Citrix spun off the GoTo product line into a new business entity, entitled GetGo. In 2017, Citrix completed the merger of GetGo with LogMeIn's products.
Citrix has its corporate headquarters in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, and additional development centers in Canada, Denmark, Germany, India, and the United Kingdom. In 2021, Citrix generated $3.2 billion in revenue and had 9,700 employees.
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