Medispec Ltd Salary

Medispec Ltd Salary

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As of August 2026, the average hourly salary for employees at Medispec Ltd in the United States is $55. This translates to an approximate annual wage of $113,971. Salaries at Medispec Ltd typically range from $48 to $62 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Medispec Ltd

Ready for your next career move? Explore current job openings at Medispec Ltd. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Medispec Ltd’s Pay Competitive? Salary Benchmarking Analysis

How does Medispec Ltd'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
Nearly Me Technologies LLC $43
-21.4%
Normalized for lower cost-of-living zones where Nearly Me Technologies LLC primarily operates.
Biom'up SA $59
+7.1%
Supported by Biom'up SA's high-margin contracts allowing higher overhead.
PMT Corp $52
-4.4%
PMT Corp operates with a leaner overhead structure, impacting base wage offers.
Genelife Clinical Research Pvt Ltd $55
+0.3%
Confirms Genelife Clinical Research Pvt Ltd is a direct competitor vying for the exact same talent pool.
Biotechnology Industry $63
+14.5%
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 Medispec Ltd and Their Hourly Pay Rates

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

Employee Reviews: Working at Medispec Ltd

Considering a career at Medispec Ltd? 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.
It's incredibly motivating to be part of a company that addresses critical health challenges on such a vast scale. However, hierarchical management affects communication, and employee feedback is seldom integrated into policy changes. This level of responsibility and autonomy is empowering and motivating, fostering a sense of ownership and pride in the quality of work delivered by each team member...
Commented in May 01, 2025
15
2
Highly recommend for any biotech firm needing reliable, high-quality R&D support. Cross-functional teams work well together, and achievements are celebrated. This biotech company offers a strong culture of innovation and scientific integrity. Overall, the organization offers a healthy blend of structure and flexibility, making it a great place to advance your career. The sheer scale allows for unp...
Commented in February 16, 2025
35
0
The benefits package is comprehensive, and the company actively promotes employee well-being through various initiatives. I’m proud to be part of a team dedicated to advancing biotechnology responsibly. Employee contributions are acknowledged, and the collaborative culture fosters innovation. The company supports research, but breakthrough projects are mostly reserved for senior teams.
Commented in February 06, 2024
49
1

Medispec Ltd Overview

Website
www.medispec.com
Founded In
1992
Employees
50 - 100 employees
Industry
Biotechnology
Headquarter Address
203 Perry Pkwy Gaithersburg Maryland MD 20877
Revenue
$10 Million - $50 Million
Phone Number
+1 3019441575
Social Media
About Medispec Ltd
MEDISPEC, Ltd. manufactures shock wave therapy systems. It offers Cardiospec for the non-invasive treatment of ischemic myocardial areas; erectile dysfunction solutions; and Thermaspec, a microwave thermotherapy treatment solution for BPH and prostatitiss. The company also provides Urospec, an uroflowmeter that assists physicians and clinicians in diagnosing various diseases caused by urinary trac

What Benefits Does Medispec Ltd Offer Beyond Salary?

A competitive compensation package is more than just a salary. Medispec Ltd 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)
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What Is the Cost of Living Near Gaithersburg?

Understanding the cost of living near Gaithersburg is key to truly evaluating a salary offer or your current compensation at Medispec Ltd.
Gaithersburg's Cost of Living Index is approximately 123.8 (23.8% more expensive than US average; 9.6% more than MD average). Montgomery County city, biotech corridor, high housing costs. Ride On bus, MARC train. When planning your budget based on a salary from Medispec Ltd, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,750 - $2,600+ A significant portion of Medispec Ltd salary. Location choices impact this heavily.
Utilities (Basic) $150 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (Ride On monthly pass, MARC extra) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $670 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $780+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,065+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Medispec Ltd

1. How much does a Medispec Ltd employee make?

Medispec Ltd pays its employees an average of $55 per hour. The average salary at Medispec Ltd range from $48 to $62 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. Which similar company tend to pay more or less than Medispec Ltd?

The salary at Medispec Ltd is higher than the similar company. The average annual salary at Medispec Ltd is $113,971, or an hourly wage of $55, in comparison to Nearly Me Technologies LLC which pays $89,563 per year or $43 per hour.

3. How much does a Chief Financial Officer typically earn at Medispec Ltd?

A Chief Financial Officer at Medispec Ltd typically earns an average hourly base salary of around $221, with a general range of $170 to $277.

4. Do employees with advanced degrees (Master's, PhD) earn more at Medispec Ltd?

In many roles at Medispec Ltd, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Gaithersburg affect the perceived value of a Medispec Ltd salary?

Gaithersburg's Cost of Living Index is approximately 123.8 (23.8% more expensive than US average; 9.6% more than MD average). This significantly impacts the purchasing power of a salary from Medispec Ltd based there. Our "Cost of Living Insights for Gaithersburg" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Medispec Ltd typically offer employees?

Medispec Ltd generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Medispec Ltd" section on this page.

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