If you take a look at Glassdoor’s new list of the 25 highest-paying companies in the US, you’ll notice a trend: most of them are in tech.
As Glassdoor community expert Scott Dobroski explains, with a shortage of highly skilled tech workers, these employers are in the midst of an aggressive war for talent. This, coupled with the extremely high cost of living around Silicon Valley, contributes to sky-high salaries.
Your only other options if you want to work at one of the highest-paying companies is to get into consulting or finance.
“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 specialized skills and knowledge,” Glassdoor Chief Economist Dr. Andrew Chamberlain says. In other words, you get paid really well to be really good at what you do.
To compile its annual list, Glassdoor identified the 25 companies with the highest median total compensation – which includes base salary and other forms of income, such as commissions, tips, and bonuses – as reported by US-based employees on the Glassdoor website over the past year.
Here are the five non-tech companies that offer the most competitive salaries:
No. 5: Visa
Headquarters: Foster City, CaliforniaMedian total compensation: $150,000Median base salary: $130,000
The global financial services corporation facilitates electronic funds transfers mainly through its branded credit, debit, and prepaid cards.
“Visa has been a fantastic employer providing great benefits and reasonable working environment with clear goal setting and good bonus.” –Senior account manager
No. 4: Boston Consulting Group
Headquarters: Boston, MassachusettsMedian total compensation: $150,020Median base salary: $147,000
One world’s three biggest management consulting firms, Boston Consulting Group is extremely selective about who it hires, and its alumni have gone on to lead global conglomerates like GE.
“Steep learning curve, great diversity of projects, chance to liaise with top management on the client side. Against all odds, BCG is a very humane and considerate organization. If you want to invest in your career, it’s a great place to do so.” –Consultant
No. 3: McKinsey & Company
- McKinsey & Company/Facebook
Headquarters: New York, New YorkMedian total compensation: $155,000Median base salary: $135,000
Another prestigious “Big Three” management consulting firm, McKinsey & Company has groomed successful business leaders like Google CEO Sundar Pichai and Facebook COO Sheryl Sandberg.
“Great learning experience. Great culture. People are supportive and encourage risk taking. The breadth of exposure is interesting.” –Associate
No. 2: Strategy&
Headquarters: New York, New YorkMedian total compensation: $160,000Median base salary: $147,000
An acquisition of audit, tax, and consulting services firm PwC, Strategy& helps global clients strategize undertaking risky business opportunities. Before its acquisition, the consulting firm had a hand in the merger of the National and American football leagues in the late 1960s.
“Great people with an emphasis on working hard but also having fun and building a strong team environment. Very high standard and quality of work. You will learn a lot and be pushed.” –Associate
No. 1: A.T. Kearney
Headquarters: Chicago, Illinois Median total compensation: $167,534 Median base salary: $143,620
The global management consulting firm is considered one of the most difficult companies to interview with and rewards even its youngest hires with some of the most competitive pay in the consulting industry.
“Great culture. I have such great pride in A.T. Kearney! I absolutely love coming into work every day and being at this firm. I couldn’t have made a better decision. Great people that surround you here from every background you can imagine.” –Anonymous employee