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Want to make six figures annually? Consider working for a company that is not a household name.
Some less-than-famous workplaces populate the list of Money magazine’s top 10 companies at which half the employees earn at least $100,000 a year.
Money examined the pay disclosures that some companies were required to submit to the U.S. Securities and Exchange Commission by the end of April. The publication identified 15 companies with a median annual pay of more than $100,000.
A median value is not the same as an average value. A “median” number sits in the middle of a list of numbers arranged from smallest to largest. In short, if a company’s median annual pay is more than $100,000, it means the company pays at least half of its employees six figures a year.
In the case of the following companies — which have median pays of well over $100,000 — it’s probably safe to assume that the majority of employees earn six figures. Of the companies identified by Money, the 10 with the highest median pay are:
- Tesaro Inc. (pharmaceutical company): $344,329 is the median annual total compensation of all employees minus the CEO
- Splunk Inc. (tech company): $256,370
- Alphabet Inc. (Google’s parent company): $197,274
- Netflix Inc.: $183,304
- Pandora Media Inc.: $175,138
- DTE Energy Co.: $173,839
- Phillips 66: $170,988
- Zynga Inc. (online-game developer): $140,382
- NewMarket Corp. (oil and fuel product maker): $128,030
- Verizon Communications Inc.: $126,623
How do we know these salaries? The Dodd-Frank Wall Street Reform and Consumer Protection Act — intended to reform Wall Street and protect consumers in the wake of the Great Recession — remains a polarizing federal law eight years after its adoption. But consumers still have a lot for which they can thank Dodd-Frank.
One of those many things is a glimpse into how publicly traded corporations pay their employees. The Dodd-Frank Act requires such companies to disclose the median total annual compensation of all their employees minus the CEO, among other pay data.
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