The Highest-Paying Industry in the U.S. Is Not What You'd Guess
Søren Jepsen for The Locals
When it comes to workplace happiness, right alongside the much-valued aspect of simply feeling respected is how much money is going in the bank each month. And it's no surprise, really. After all, the cost of living, especially in major American cities, is always on the rise.
According to the latest annual survey from the Society for Human Resource Management, the most important aspects of a job to the average American employee include good workplace rapport, job security, and, yep, that trusty paycheck. In fact, 63% of workers rated compensation and pay to be very important in their overall professional satisfaction.
So whi companies, then, have gotten the memo? To absolutely no one’s surprise, tech companies in the United States comprise a big portion of Glassdoor’s 2016 list of the highest-paying companies in the country (ranked by total median compensation). Adobe ($140,000 median total salary; $125,000 median starting salary), Microsoft ($141,000 median total; $125,000 median starting), Salesforce ($143,750 median total; $120,000 median starting), LinkedIn ($145,000 median total; $125,000 median starting), Twitter ($150,000 median total; $133,000 median starting), and Facebook ($150,000 median total; $127,406 median starting) all made it into the top 25. Google claimed the number five spot with a median total salary of $153,750 and a median start salary of $123,331.
However, occupying a majority of the top 10 rankings on Glassdoor’s list are consulting companies. Premier consulting companies have significant “barriers of entry”—in other words, specialized skill sets and knowledge, even impressive personal contacts and developed reputations—that employers require of prospective employees looking to break into the field. Chicago-based A.T. Kearney, a global management-consulting firm, claimed the reigning number one position as the highest-paying company in the country. Considered one of the most difficult companies to interview with, A.T. Kearney rewards its employees richly—with a median base salary of $143,620, to put a number on it.