Thoratec Corp Salary

As of August 2026, the average hourly salary for employees at Thoratec Corp in the United States is $57. This translates to an approximate annual wage of $118,939. Salaries at Thoratec Corp typically range from $50 to $65 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Thoratec Corp

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Is Thoratec Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Thoratec Corp'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
Bard Peripheral Vascular Inc $55
-3.0%
Confirms Bard Peripheral Vascular Inc is a direct competitor vying for the exact same talent pool.
Sizewise Rentals LLC $55
-3.3%
Sizewise Rentals LLC may offer non-monetary perks in lieu of competitive base salaries.
K2M Group Holdings Inc $62
+8.3%
Reflects a supply-demand imbalance for the specific talent K2M Group Holdings Inc targets.
Surgical Specialties Corp $63
+9.3%
Supported by Surgical Specialties Corp's high-margin contracts allowing higher overhead.
Biotechnology Industry $63
+9.7%
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 Thoratec Corp

Considering a career at Thoratec Corp? 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.
Processes can be bureaucratic, but they're improving. Interdepartmental collaboration is smooth, and everyone is passionate about the company’s mission. You’re encouraged to share your ideas, and there’s a culture of respect and curiosity. It has been an incredible company in advancing our drug discovery program. Colleagues are always willing to share their knowledge, and the company supports cont...
The internal communication is generally very good, keeping everyone informed about company progress and important updates. However, team communication and goal alignment don’t always meet expectations. Strong culture of inclusion and respect, paired with exciting opportunities in biotech innovation. It's a privilege to be part of a team making such a significant impact on global health.
Some systems and workflows need updating. There’s a shared sense of responsibility and pride in the mission. It’s a good place to gain experience in biotech, but depending on the department, your experience can vary significantly. It’s a reliable workplace for those preferring clear rules over creative freedom. It’s a place with promise, though there’s room for improvement in operational efficienc...
Employees are empowered to take initiative and contribute meaningfully. Managers take time to mentor and guide their teams. Management invests in employees through continuous education and leadership development. That said, the culture feels more corporate than scientific in some areas. Company values cutting-edge biotech and employee growth equally.
I love the problem-solving aspect of my role. The organization is structured well but can feel top-heavy at times. Scientific goals align with real-world outcomes.

Thoratec Corp Overview

Website
www.cardiovascular.abbott
Founded In
Data pending, update soon.
Employees
500 - 1,000 employees
Industry
Biotechnology
Headquarter Address
100 Abbott Park Rd Chicago Illinois IL 60064
Revenue
$200 Million - $500 Million
Phone Number
+1 9258478600
Social Media
About Thoratec Corp
Abbott Cardiovascular is a company that operates in the Medical Devices industry. It employs 501-1,000 people and has $250M-$500M of revenue. The company is headquartered in Chicago, Illinois.

What Benefits Does Thoratec Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Thoratec Corp 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Thoratec Corp.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Thoratec Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Thoratec Corp salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Thoratec Corp

1. How much does Thoratec Corp in the United States pay?

Thoratec Corp pays its employees an average of $57 per hour. The average salary at Thoratec Corp range from $50 to $65 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. Do Thoratec Corp employees get a higher salary than its peer company?

The salary at Thoratec Corp is higher than its peer company. The average annual salary at Thoratec Corp is $118,939, or an hourly wage of $57, in comparison to Bard Peripheral Vascular Inc which pays $115,374 per year or $55 per hour.

3. What are the highest paying jobs at Thoratec Corp?

The higher-paying job at Thoratec Corp, according to our data, include Operations Executive (avg. $168 per hour), Director, Research & Development (avg. $120 per hour), and Director, Commercial (avg. $105 per hour). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Thoratec Corp?

Salary progression with years of experience at Thoratec Corp is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Thoratec Corp vary by office location?

Yes, it's very likely that salaries at Thoratec Corp vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Chicago section provides more context.

6. Does Thoratec Corp offer good benefits?

Thoratec Corp typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Thoratec Corp" section on this page.