America’s Highest Paying Companies

Print Email

To attract top notch talent companies often offer prospective workers different incentives such as stock options, a desirable company culture, extra vacation days, and more. But the biggest draw is of course money.

The ability of companies to outbid their competitors to attract top talent is crucial — especially for companies in competitive industries like high-tech. Large tech companies must continually innovate and bring new technologies to their customers in order to stay on top of their industry, and to do that, they need capable and talented workers.

To identify the 20 highest paying companies in America, 24/7 Wall St. reviewed salary data from PayScale, a compensation data company. Only companies included in the Best Company Compensation 2018 article from Comparably, an employer evaluation outlet, were considered.

Sixteen of the 20 highest paying companies are based in California, and each of them are in areas with the most high-tech jobs. Two of the 20 companies are in the Seattle area, one is in New York, and another is in Cambridge, Massachusetts. Each of the California companies on this list — including Apple, Facebook, Visa, Cisco Systems, and more — is in or near Silicon Valley.

These are some of the most profitable companies in the world, and as such, they can pay their employees very high salaries. And being located in some of the country’s most expensive places to live, to attract talent they need to compensate their employees accordingly.

Methodology

To identify the 20 highest paying companies in America, 24/7 Wall St. reviewed salary data from PayScale, a compensation data company. Only companies included in the Best Company Compensation 2018 article from Comparably, an employer evaluation outlet, were considered.

Source: NoDerog / Getty Images

20. Amazon
> Average salary: $100,000
> Headquarters: Seattle, WA
> Industry: e-commerce

One of the largest companies in the world, Amazon reported $232.9 billion in revenue in 2018. Though some have criticized the e-commerce giant. Though some have criticized the e-commerce giant over the low wages of its warehouse employees, the average pay for a full-time salaried worker at Amazon is $100,000 a year. For comparison, the average job in the United States pays $38,640.

Source: rob-young / Flickr

19. Pegasystems
> Average salary: $104,000 (tied)
> Headquarters: Cambridge, MA
> Industry: Software

Pegasystems is a Massachusetts-based technology company that produces customer engagement and digital process automation software. As a software company, Pegasystems pays many of its employees relatively high salaries. Software developers and information systems managers rank among the highest paying jobs in America.

Source: Raylipscombe / Getty Images

18. Bloomberg
> Average salary: $104,000 (tied)
> Headquarters: New York, NY
> Industry: Financial/media

Though New York City is America’s financial hub, Bloomberg is the only company in the Big Apple to rank among the country’s 20 highest paying companies. In order to maintain the Bloomberg Terminal — a financial software banks and financial firms use — the company employs software engineers and developers as well as data analysts, many of whom make six-figure salaries.

Source: raisbeckfoto / Getty Images

17. Cisco
> Average salary: $104,000 (tied)
> Headquarters: San Jose, CA
> Industry: Technology

Like many other large tech companies, Cisco, the networking equipment and cyber security giant, is headquartered in Silicon Valley — more specifically, San Jose. As incomes in Silicon Valley have increased, the area has become one of the most expensive places to live in the country. Cisco and other high-tech companies in that region of California must be willing to pay their employees accordingly, driving up the company’s average salary.

Source: mphillips007 / Getty Images

16. Netflix
> Average salary: $104,000 (tied)
> Headquarters: Los Gatos, CA
> Industry: Media

Netflix is America’s most popular streaming service. The company, which used to mail DVDs to subscribers, now creates its own original movies and shows for its estimated 139 million subscribers. Between employing creative workers that shoot, write, direct, and star in its programming to software engineers that maintain and develop the streaming service, Netflix pays its salaried employees an average of $104,000 per year.