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Ever wonder how much your favorite Apple Store Genius or Specialist makes per hour? Here’s a breakdown of Apple’s hourly employee wages across the U.S.
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Introduction
Apple is a famously secretive company, and it does not release detailed information about the compensation of its employees. However, we can get a general sense of how much Apple employees make by looking at salary data from various sources.
According to Glassdoor, the average salary for an Apple employee is $127,402 per year. This figure is based on self-reported salaries from Apple employees. It is likely that actual salaries at Apple are higher, since people tend to under-report their income on surveys like this.
Indeed.com reports that the average salary for an Apple retail employee is $11.47 per hour. This figure is based on actual salaries reported by Apple retail employees. It is likely that other types of Apple employees (such as corporate employees) make more than retail employees.
Paysa.com reports that the median salary for an Apple employee is $208,000 per year. This figure is based on an analysis of real-time salary data from over 4 million employees. It includes all types of Apple employees, including executives, engineers, and retail workers.
So, depending on the source, you can get a range of estimates for how much Apple employees make. Based on the data above, it seems safe to say that most Apple employees make six-figure salaries.
How much do Apple employees make?
Apple employees are some of the highest paid workers in the tech industry. So, how much do Apple employees make? We’ve done some research and found out the average salaries of Apple employees. Here’s what we found.
Base pay
At Apple, the average employee salary is $102,000 per year. However, salaries at Apple vary depending on many factors such as position, years of experience, location, and level of education.
Below are the most recent Apple salary reports. Employer name has been removed to protect anonymity.
Position: Retail Specialist
Average Salary: $32,000 – $34,000
Description: Responsible for providing world-class customer service and apple products in our retail store. Engages customers with friendly conversation and uses product knowledge to identify customer needs. Manages traffic flow throughout the store and performs opening and closing procedures.
Position: Genius
Average Salary: $49,000 – $51,000
Description: The role of a Genius is to deliver world-class technical support and customer service to Apple customers by providing expert advice on a variety of topics, including but not limited to technical support issues related to hardware repairs, software troubleshooting and how to use apple products
Bonuses
At Apple, all employees receive a bonuses every year. The amount of the bonus is based on individual and company performance. New employees start with a small bonus, which increases each year as they prove themselves. High performers can earn larger bonuses, and the company also offers special bonuses for exceptional achievements.
Stock options
Apple employees are some of the most well-paid workers in the tech industry, thanks in part to the company’s generous stock options program.
According to a recent report from The Information, Apple employees who have been with the company for at least five years receive an annual grant of restricted stock units (RSUs) worth 10% of their base salary. These RSUs vest over the course of four years, meaning that employees can cash them in after that time period.
The value of Apple’s stock has been on the rise in recent years, which means that these RSUs are increasingly valuable. For example, someone who was granted RSUs worth $50,000 in 2013 would have seen those units vest and become available for sale in 2017 when Apple’s stock was trading at around $140 per share. If that employee sold all of their vested RSUs at that time, they would have made a profit of around $35,000.
However, if that same employee had waited until 2020 to sell their RSUs, they would have made a much higher profit thanks to the continued rise in Apple’s stock price. Based on Apple’s current stock price of around $325 per share, those same RSUs would be worth around $81,250 – more than doubling the employee’s initial investment.
Of course, not all Apple employees are lucky enough to receive RSUs. The company has a tiered system where more senior employees receive larger grants, and lower-level employees may not receive any RSUs at all. However, even those workers who don’t receive RSUs directly still benefit from the program indirectly thanks to the increased value of their stock options and bonuses.
What factors influence how much Apple employees make?
Location
Several factors influence how much Apple employees make. The first is location. Employees in Cupertino, California, the headquarters city, make much more than those in other parts of the country because the cost of living is so high there. For example, the median home value in Cupertino is $1.8 million, according to Zillow.com, while the median home value in Columbus, Ohio, is $144,000.
Education
A 2019 Silicon Valley compensation report from Hired found that Apple employees with a bachelor’s degree earn 5% more than the average worker at the company. For those with a master’s degree, the premium jumps to 19%.
And it’s not just Apple. A 2018 study from PayScale found that, across the board, employees with a master’s degree earn 20% more than those with a bachelor’s degree.
It’s not just education level that affects earnings. The field of study is also important. The Hired report found that Apple employees who studied computer science earn 9% more than the average worker at the company. For those who studied electrical engineering, the premium is even higher, at 15%.
Experience
The biggest factor that determines how much an Apple employee makes is experience. The company pays its employees very well, but the most experienced employees tend to earn the most money. Newer employees, or those with less experience, tend to earn less. Other factors, such as job title and location, also influence how much an Apple employee makes.
Conclusion
In conclusion, Apple employees make a median salary of $52,000 per year. However, there is a wide range of salaries depending on the position, with some positions (such as retail) starting at around $30,000 per year and others (such as engineering) reaching over $100,000 per year. Overall, Apple seems to pay its employees fairly well compared to other companies in the same industry.
