Sovereign Silver Salary

As of August 2026, the average hourly salary for employees at Sovereign Silver in the United States is $48. This translates to an approximate annual wage of $100,501. Salaries at Sovereign Silver typically range from $43 to $55 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Sovereign Silver

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Is Sovereign Silver’s Pay Competitive? Salary Benchmarking Analysis

How does Sovereign Silver'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
Methapharm Inc $49
+0.8%
Confirms Methapharm Inc is a direct competitor vying for the exact same talent pool.
Global Pharmaceuticals Ltd $49
+1.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Edgewise Therapeutics Inc $51
+6.1%
Influenced by prevailing union wage agreements specific to Edgewise Therapeutics Inc's sector.
Genelabs Technologies Inc $60
+23.5%
Reflects structural premiums typical of Genelabs Technologies Inc's large-cap national operations.
Pharmaceuticals Industry $65
+33.1%
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.

Employee Reviews: Working at Sovereign Silver

Considering a career at Sovereign Silver? 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 company provides a steady job with fair compensation. Employees are encouraged to take initiative, and management listens to feedback. Pharmaceutical projects are well-managed, and colleagues are supportive. The company encourages creativity and offers excellent benefits. It’s a stable and forward-thinking employer in the pharma sector.
I’ve enjoyed my time here due to the supportive environment. My time at this company has been mostly uneventful but stable. What stands out most is the company's commitment to making a difference in pharmaceuticals. The benefits are excellent, and career growth opportunities are abundant. I see myself growing here long-term. Colleagues are knowledgeable, and the work environment is professional. I...
Training programs are thorough, helping new hires integrate quickly. Colleagues are knowledgeable and always willing to collaborate. Rewarding work.

Sovereign Silver Overview

Website
www.sovereignsilver.com
Founded In
1973
Employees
50 - 100 employees
Industry
Pharmaceuticals
Headquarter Address
7504 Pennsylvania Ave Sarasota Florida FL 34243
Revenue
$10 Million - $50 Million
Phone Number
+1 8883288840
Social Media
About Sovereign Silver
Sovereign Silver is a company that operates in the Luxury Goods & Jewelry industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in Sarasota, Florida.

What Benefits Does Sovereign Silver Offer Beyond Salary?

A competitive compensation package is more than just a salary. Sovereign Silver 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 Sarasota?

Understanding the cost of living near Sarasota is key to truly evaluating a salary offer or your current compensation at Sovereign Silver.
Sarasota's Cost of Living Index is approximately 102.7 (2.7% more expensive than US average; 0.4% less than FL average). Gulf Coast city, arts and culture, popular with retirees, housing costs above US average. SCAT bus. When planning your budget based on a salary from Sovereign Silver, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,300+ A significant portion of Sovereign Silver salary. Location choices impact this heavily.
Utilities (Basic) $160 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (SCAT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $610 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $710+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,900 - $4,640+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Sovereign Silver

1. How much does a Sovereign Silver employee make?

Sovereign Silver pays its employees an average of $48 per hour. The average salary at Sovereign Silver range from $43 to $55 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 Sovereign Silver?

The salary at Sovereign Silver is lesser than the similar company. The average annual salary at Sovereign Silver is $100,501, or an hourly wage of $48, in comparison to Methapharm Inc which pays $101,271 per year or $49 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Sovereign Silver?

In many roles at Sovereign Silver, 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.

4. How does the cost of living near Sarasota affect the perceived value of a Sovereign Silver salary?

Sarasota's Cost of Living Index is approximately 102.7 (2.7% more expensive than US average; 0.4% less than FL average). This significantly impacts the purchasing power of a salary from Sovereign Silver based there. Our "Cost of Living Insights for Sarasota" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Sovereign Silver typically offer employees?

Sovereign Silver 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 Sovereign Silver" section on this page.