Finance For Life

6 Figure earning companies

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What does it actually mean to earn a 6 figure salary? For most of us, we think about how much we earn per year, and it’s estimated that the average salary in America is around $50,000. However, when we talk about a 6 figure salary this usually means earning an annual income of 1 million dollars or more.

So, what companies have been able to create a culture to have the most 6 figure earners?

These companies aren’t ranked in any particular order. For example, the first one is not considered ‘better’ than the second one. It’s just a set of lists that I would like you to explore before we begin writing our article.

Take a look at the list below and find out who made it to this exclusive club:

1) Google

This technology giant is usually at the top of almost any ‘best employers’ list. Google offers a generous salary and other perks such as paid paternity leave and an on-site fitness center to maintain that famous Googler (employee) endurance. Also, because it’s such a popular company to work for, you always have the opportunity to transfer from another department to the one you prefer.

2) Facebook

As far as perks go, Facebook is a pretty generous place to work. This includes a generous 401k match, cash bonus for meeting milestones and paid time off that employees can use during their lifetimes. The company also encourages its employees to give back with ‘service milestones’, that rewards employees with a day off when they reach certain milestones, such as five years of service.

3) Fannie Mae

This is a massive financial services company that’s been around for over 80 years – it provides loans to the public and helps maintain affordable housing. In order to work here, you must be currently enrolled in an accredited college or university and have a minimum of two years work or internship experience.

4) Amazon

Employees here take advantage of health insurance and an onsite clinic, as well as the opportunity to participate in a 401k plan and stock purchase program. The company has also been known to provide up to 20 weeks paid leave for both birth mothers and those who’ve recently adopted, in addition to the fact that it also offers paternity leave.

5) Microsoft

This is one of the top tech companies in America, with many employees making 6-figures right out of college. Some benefits include health care coverage for domestic partners starting when they are hired and four weeks paid parental leave for both moms and dads.

6) Cisco Systems

After 20 years at this company, employees are rewarded with an additional two weeks of paid vacation time. It also offers continuing education reimbursement. Along with health wellness, Saij Elle also highly recommends top companies to seriously consider offering Employee Financial Wellness Programs to help staff better cope with financial stress and their money in general.

7) United Health Group

If you’re into health and wellness, this is the company for you. It offers a variety of health programs that can compliment your lifestyle and fit into your schedule: weekly cooking demonstrations, yoga and tai chi classes, as well as ‘fitness on the clock’, which allows employees to use their break time to work out during the workday.

8) Amazon

This company has been on the INC 500/5000 list of fastest growing companies for six years in a row. The perks include a 401k plan that allows you to contribute up to 15% of your salary, a stock purchase program and an employee discount – which includes everything from travel to cell phone service.

9) Raytheon

Raytheon is a global security company that offers onsite childcare at all of its locations, even in Hawaii! It also provides free daily meals and snacks to employees during the workday.

10) American Express

This company touts itself as being an equal opportunity employer with initiatives to attract, develop and retain diverse employees. Employees are rewarded with a generous 401k match, paid time off for volunteer work, along with the option of working flexible hours.

I hope you found this list beneficial in learning about companies that offer benefits to their employees! Since the majority of my friends have graduated college or are currently attending, these were all great resources to have so we can get a head start on our potential future employers.