IIT Research Institute Salary

IIT Research Institute Salary

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As of August 2026, the average annual salary for employees at IIT Research Institute in the United States is $108,665. This translates to an approximate hourly wage of $52. Salaries at IIT Research Institute typically range from $95,676 to $122,854 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at IIT Research Institute

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

Is IIT Research Institute’s Pay Competitive? Salary Benchmarking Analysis

How does IIT Research Institute'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
Cook Biotech Inc $97,485
-10.3%
Cook Biotech Inc may offer non-monetary perks in lieu of competitive base salaries.
Scope Technology Inc $113,233
+4.2%
Influenced by prevailing union wage agreements specific to Scope Technology Inc's sector.
Avita Medical Ltd $114,382
+5.3%
Supported by Avita Medical Ltd's high-margin contracts allowing higher overhead.
Ultherapy $103,107
-5.1%
Normalized for lower cost-of-living zones where Ultherapy primarily operates.
Biotechnology Industry $130,524
+20.1%
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.

How IIT Research Institute's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at IIT Research Institute

Considering a career at IIT Research Institute? 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.
I’ve felt supported in taking risks and contributing creatively. Job security is high, but creativity and autonomy vary by role. Management provides feedback during reviews but doesn’t always follow up on employee suggestions. The collaborative projects spanning different countries highlight the company's commitment to global health equity, making it a powerful force for positive change in the wor...
Commented in May 23, 2025
17
2
It’s a good starting point for those entering the biotech field. Leadership sets ambitious goals but sometimes shifts priorities too quickly. The culture is formal and leans hierarchical. the scale of research is massive, yet individual contributions are valued. Management encourages continuous learning and provides funding for skill development. Despite the strong workforce, teams seamlessly inte...
Commented in April 19, 2025
34
0
Colleagues are not just coworkers; many have become friends. Passionate team, great mission. Compensation and benefits are also competitive for the industry. It’s a place where you feel valued and supported, making impactful contributions to global health.
Commented in March 13, 2024
44
0

IIT Research Institute Overview

Website
www.iitri.org
Founded In
1936
Employees
100 - 200 employees
Industry
Biotechnology
Headquarter Address
10 W 35th St Chicago Illinois IL 60616
Revenue
$10 Million - $50 Million
Phone Number
+1 3125674487
Social Media
About IIT Research Institute
IIT Research Institute (IITRI), the IITRI is an independent corporation that operates collaboratively with the Illinois Institute of Technology (IIT) and the U.S. Government.

What Benefits Does IIT Research Institute Offer Beyond Salary?

A competitive compensation package is more than just a salary. IIT Research Institute 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 IIT Research Institute.
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 IIT Research Institute, 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 IIT Research Institute 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 IIT Research Institute

1. What is the average salary for employees at IIT Research Institute?

The average annual total compensation for employees at IIT Research Institute is approximately $108,665. However, this is an aggregate figure, actual salaries can range significantly, typically from $95,676 to $122,854, depending on factors like job role, experience, and location.

2. How much does IIT Research Institute pay compared to Cook Biotech Inc?

The average annual salary at IIT Research Institute is $108,665, or an hourly wage of $52, in comparison to Cook Biotech Inc which pays $97,485 per year or $47 per hour.

3. What is the lowest salary at IIT Research Institute?

The lowest-paying job at IIT Research Institute is an Auditor with a salary of $96,865 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at IIT Research Institute?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at IIT Research Institute for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does IIT Research Institute offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?

While some companies offer formal COLA, many, including potentially IIT Research Institute, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at IIT Research Institute?

Most companies, likely including IIT Research Institute, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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