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Labcorp Drug Development Salary

Labcorp Drug Development Salary

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As of September 2026, the average hourly salary for employees at Labcorp Drug Development in the United States is $60. This translates to an approximate annual wage of $125,521. Salaries at Labcorp Drug Development typically range from $53 to $68 hourly, reflecting the diverse roles and experience levels within the company.
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Is Labcorp Drug Development’s Pay Competitive? Salary Benchmarking Analysis

How does Labcorp Drug Development's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Johnson & Johnson MedTech $64
+6.3%
Data suggests Johnson & Johnson MedTech's workforce skews heavily towards veteran, high-tenure roles.
Capgemini Engineering $76
+26.3%
Adjusted for higher cost-of-living indices in Capgemini Engineering's primary metro hubs.
Henry Schein Canada $72
+19.6%
Supported by Henry Schein Canada's high-margin contracts allowing higher overhead.
Global Laboratory Services Inc $44
-27.1%
Typical compensation structure for smaller regional agencies like Global Laboratory Services Inc.
Biotechnology Industry $63
+4.0%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Companies Similar to Labcorp Drug Development and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Labcorp Drug Development. Click a company name to learn more.

Employee Reviews: Working at Labcorp Drug Development

Considering a career at Labcorp Drug Development? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The benefits package, including wellness programs, adds to the overall positive experience. Management genuinely supports work-life balance. Colleagues are supportive, and knowledge sharing is encouraged. Transparent leadership and a mission-driven workplace.
Commented in April 10, 2025
10
2
Communication within teams is good, but coordination between departments is hit or miss. The global impact is truly inspiring. The company invests heavily in R&D, making it a hub for scientific advancement. Promotions often depend more on tenure than merit. Compensation is fair, and career advancement take time in certain roles. It's a privilege to be part of a team making such a significant impac...
Commented in June 13, 2024
47
1
The company actively encourages patents and publications, celebrating individual contributions to scientific progress. This company fosters a true learning environment where mistakes are viewed as valuable opportunities for growth and improvement, not reasons for blame. It’s rare to find a company that combines scientific rigor with genuine care for its employees, but this biotech firm does it wel...
Commented in February 11, 2024
29
2

Labcorp Drug Development Overview

Website
www.drugdevelopment.labcorp.com
Founded In
1995
Employees
>50,000 employees
Industry
Biotechnology
Headquarter Address
531 S Spring St Burlington North Carolina NC 27215
Revenue
$10B - $50B
Phone Number
+1 8882682623
Social Media
About Labcorp Drug Development
Labcorp is a leading global life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. Through their unparalleled diagnostics and drug development capabilities, they provide insights and accelerate innovations to improve health and improve lives.

What Benefits Does Labcorp Drug Development Offer Beyond Salary?

A competitive compensation package is more than just a salary. Labcorp Drug Development offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Labcorp Drug Development?
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What Is the Cost of Living Near Burlington?

Understanding the cost of living near Burlington is key to truly evaluating a salary offer or your current compensation at Labcorp Drug Development.
Burlington's Cost of Living Index is approximately 84.1 (15.9% less expensive than US average; 12.4% less than NC average). Alamance County city, affordable housing. Link Transit. When planning your budget based on a salary from Labcorp Drug Development, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Labcorp Drug Development salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,020 - $3,210+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Labcorp Drug Development

1. What is the typical salary range (low to high) for most roles at Labcorp Drug Development?

The typical salary range for most roles at Labcorp Drug Development is approximately from $53 to $68 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Labcorp Drug Development pay compared to Johnson & Johnson MedTech?

The average annual salary at Labcorp Drug Development is $125,521, or an hourly wage of $60, in comparison to Johnson & Johnson MedTech which pays $133,432 per year or $64 per hour.

3. Do salaries differ significantly between departments at Labcorp Drug Development?

Yes, salaries often differ between departments at Labcorp Drug Development due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Labcorp Drug Development?

Experience level is a significant factor in determining salary at Labcorp Drug Development, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Labcorp Drug Development in Burlington is fair given the local cost of living?

To determine if a salary offer from Labcorp Drug Development in Burlington is fair, first compare the gross salary to our data for similar roles at Labcorp Drug Development and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Burlington" to understand its purchasing power.

6. Why might an individual's actual salary at Labcorp Drug Development differ from the ranges shown here?

An individual's actual salary at Labcorp Drug Development can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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