Where is Innoveda located?

Innoveda is headquartered in Pittsburgh, Pennsylvania, but may have operations in other locations within the Business Services sector.

What does Innoveda do?

According to the company's overview, Innoveda is a company that operates in the Computer Software industry.

What industry is Innoveda in?

Innoveda operates in the Business Services industry.

Innoveda Average Salary, Pay Ranges & Benefits

Innoveda Salary

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Salary at Innoveda

Current Job Openings at Innoveda

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

Is Innoveda’s Pay Competitive? Salary Benchmarking Analysis

How does Innoveda'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
Great Escape Theatre	$95,449	-3.3%	Typical compensation structure for smaller regional agencies like Great Escape Theatre.
Lieutenant Governor	$101,735	+3.1%	Reflects structural premiums typical of Lieutenant Governor's large-cap national operations.
Banker Lopez Gassler PA	$94,700	-4.0%	Normalized for lower cost-of-living zones where Banker Lopez Gassler PA primarily operates.
CIBT VisumCentrale GmbH	$113,549	+15.1%	Data suggests CIBT VisumCentrale GmbH's workforce skews heavily towards veteran, high-tenure roles.
Business Services Industry	$120,931	+22.5%	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.

How Innoveda's Salaries Compare to Similar Companies?

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

Great Escape Theatre

$95,449 / year

Salary Range: $83,819 - $108,123

Clarksville, IN

Lieutenant Governor

$101,735 / year

Salary Range: $89,344 - $115,257

Carson City, NV

Banker Lopez Gassler PA

$94,700 / year

Salary Range: $83,168 - $107,282

Tampa, FL

CIBT VisumCentrale GmbH

$113,549 / year

Salary Range: $99,718 - $128,633

Los Angeles, CA

American Savings Education Council

$112,283 / year

Salary Range: $98,609 - $127,207

Washington, DC

privatbank.ge

$97,653 / year

Salary Range: $85,771 - $110,599

Avazu Inc

$115,606 / year

Salary Range: $101,504 - $130,975

Santa Monica, CA

DTR Consulting Services Inc

$114,446 / year

Salary Range: $100,478 - $129,658

Santa Rosa, CA

Group SJR

$124,656 / year

Salary Range: $109,449 - $141,230

New York City, NY

Employee Reviews: Working at Innoveda

Considering a career at Innoveda? 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.

Room for improvement in employee engagement and development opportunities. This makes it easy to adapt to new challenges and contribute effectively right away, without the usual friction of internal changes. I’m so grateful for the generous paid time off. Once operational, things ran smoothly.

Commented in February 08, 2025

35

1

What stands out is how the company culture embraces new employees - colleagues at all levels make time to welcome you and answer questions. Working here has been an enriching journey. Balanced workload and recognition. Work-life balance is respected, although peak seasons may bring added pressure. Employees are empowered to take initiative and propose new ideas, and those efforts are recognized an...

Commented in December 29, 2024

10

0

Great client exposure and experience. There's a focus on routine tasks rather than innovation. Workload is manageable, not challenging. It’s a refreshing environment that encourages innovation while still maintaining strong structure and support. I am proud to work for a company that prioritizes doing the right thing, as it builds a foundation of trust with everyone we interact with. It’s a refres...

Commented in May 14, 2024

9

1

The company offers work with purpose. My manager takes a genuine interest in my career goals. Work-life balance is respected, but workloads fluctuate.

Commented in January 20, 2024

41

2

What Benefits Does Innoveda Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innoveda 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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How Much Should You Be Earning?

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What Is the Cost of Living Near Pittsburgh?

Understanding the cost of living near Pittsburgh is key to truly evaluating a salary offer or your current compensation at Innoveda.

Pittsburgh's Cost of Living Index is approximately 87.5 (12.5% less expensive than US average; 9.9% less than PA average). 'Steel City' revitalization, tech/medical hub, affordable housing. Port Authority bus/light rail. When planning your budget based on a salary from Innoveda, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$1,100 - $1,600+	A significant portion of Innoveda salary. Location choices impact this heavily.
Utilities (Basic)	$140 - $230	Electricity, Heating, Cooling, Water etc.
Public Transportation	$97.50 (Port Authority monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$400 - $580	Can be higher with more dining out or specialty stores.
Personal & Leisure	$350 - $650+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$370 - $680+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,457 - $3,747+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Innoveda

1. What is the average salary for employees at Innoveda?

The average annual total compensation for employees at Innoveda is approximately $98,687. However, this is an aggregate figure, actual salaries can range significantly, typically from $86,669 to $111,794, depending on factors like job role, experience, and location.

2. How much does Innoveda pay compared to Great Escape Theatre?

The average annual salary at Innoveda is $98,687, or an hourly wage of $47, in comparison to Great Escape Theatre which pays $95,449 per year or $46 per hour.

3. How does having a professional certification impact salary for relevant roles at Innoveda?

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 Innoveda for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Innoveda offer cost-of-living adjustments (COLA) for employees in high-cost areas like Pittsburgh?

While some companies offer formal COLA, many, including potentially Innoveda, 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.

5. What's the typical process for salary reviews and raises at Innoveda?

Most companies, likely including Innoveda, 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.