McDermott Salary

McDermott Salary

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As of April 2026, the average annual salary for employees at McDermott in the United States is $126,323. This translates to an approximate hourly wage of $61. Salaries at McDermott typically range from $110,925 to $143,144 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at McDermott

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

Is McDermott’s Pay Competitive? Salary Benchmarking Analysis

How does McDermott'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
Raytheon Missiles & Defense $114,593
-9.3%
Normalized for lower cost-of-living zones where Raytheon Missiles & Defense primarily operates.
Asia Pulp & Paper $112,600
-10.9%
Asia Pulp & Paper focuses strategically on recruiting and training entry-level apprentices.
Kohler Kitchen & Bath $118,211
-6.4%
Kohler Kitchen & Bath likely leverages performance bonuses over the high base salary shown here.
Harman International Industries Inc $142,366
+12.7%
Reflects a supply-demand imbalance for the specific talent Harman International Industries Inc targets.
MFG Durable Industry $121,746
-3.6%
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 McDermott's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at McDermott

Considering a career at McDermott? 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 culture is excellent, promoting collaboration and open communication across all departments. While it creates order, it can sometimes decision-making or block innovation at lower levels. Their commitment to lean principles, efficiency, and continuous improvement sets a high standard. The communication between management and employees is excellent, ensuring everyone is aligned and infor...
Commented in May 26, 2025
23
1
A very forward-thinking workplace. I like that management walks the floor often and checks in with employees regularly. Overtime is sometimes required during busy periods. Leadership communicates clearly about company direction and challenges. Recognition initiatives regularly highlight employee contributions, creating a positive and motivating work environment. Cross-training is encouraged, allow...
Commented in July 31, 2024
47
2
We are regularly updated on company news and our feedback is actively sought and implemented. They also encourage continuous learning, providing resources for us to improve our skills. The company invests heavily in state-of-the-art equipment and automation technology, making our jobs safer and more efficient.
Commented in January 27, 2024
23
0

McDermott Overview

Website
www.mcdermott.com
Founded In
1992
Employees
15,000 - 50,000 employees
Industry
MFG Durable
Headquarter Address
915 N Eldridge Pkwy Houston Texas TX 77079
Revenue
$10B - $50B
Phone Number
+1 2818705000
Social Media
About McDermott
Founded in 1923, McDermott is a provider of integrated engineering, procurement, construction, and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines, and sub-sea systems from concept to commissioning for complex offshore and sub-sea oil and gas projects to help oil companies safely produce and transport

What Benefits Does McDermott Offer Beyond Salary?

A competitive compensation package is more than just a salary. McDermott 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)
Work at McDermott?
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What Is the Cost of Living Near Houston?

Understanding the cost of living near Houston is key to truly evaluating a salary offer or your current compensation at McDermott.
Houston's Cost of Living Index is approximately 98.5 (1.5% less expensive than US average; 5.9% more than TX average). Major city, energy/medical hub, housing generally affordable for size, but varies. METRO bus/rail. When planning your budget based on a salary from McDermott, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,800+ A significant portion of McDermott salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 (High AC use) Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (METRO Q Card monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,570 - $4,090+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of McDermott

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

The average annual total compensation for employees at McDermott is approximately $126,323. However, this is an aggregate figure, actual salaries can range significantly, typically from $110,925 to $143,144, depending on factors like job role, experience, and location.

2. How much does McDermott pay compared to Raytheon Missiles & Defense?

The average annual salary at McDermott is $126,323, or an hourly wage of $61, in comparison to Raytheon Missiles & Defense which pays $114,593 per year or $55 per hour.

3. What is the lowest salary at McDermott?

The lowest-paying job at McDermott is a Chief Engineer with a salary of $332,222 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 McDermott?

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

5. Does McDermott offer cost-of-living adjustments (COLA) for employees in high-cost areas like Houston?

While some companies offer formal COLA, many, including potentially McDermott, 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 McDermott?

Most companies, likely including McDermott, 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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