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NewMedical Technology Inc Salary

NewMedical Technology Inc Salary

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As of August 2026, the average annual salary for employees at NewMedical Technology Inc in the United States is $103,708. This translates to an approximate hourly wage of $50. Salaries at NewMedical Technology Inc typically range from $91,333 to $117,171 annually, reflecting the diverse roles and experience levels within the company.
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Is NewMedical Technology Inc’s Pay Competitive? Salary Benchmarking Analysis

How does NewMedical Technology Inc'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
FibeRio Technology Corp $87,622
-15.5%
FibeRio Technology Corp may offer non-monetary perks in lieu of competitive base salaries.
Medical Equipment $96,556
-6.9%
Medical Equipment focuses strategically on recruiting and training entry-level apprentices.
Crown Aesthetics $98,613
-4.9%
Reflects market rates for standard general contracting, differing from specialized roles.
Vorzeigen Medical $89,858
-13.4%
Vorzeigen Medical operates with a leaner overhead structure, impacting base wage offers.
Biotechnology Industry $130,524
+25.9%
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 NewMedical Technology Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at NewMedical Technology Inc

Considering a career at NewMedical Technology Inc? 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 team culture is encouraging, and there are great opportunities to grow. Training focuses on basics, with limited opportunities for advanced learning. The company values ethical research and development above all. People here are friendly, intelligent, and eager to collaborate on big ideas. Scientific work is strong, but corporate strategy shifts often. Overall, it’s a great place for scientist...
Commented in April 17, 2025
29
0
Departmental silos sometimes hinder collaboration and knowledge sharing. This open dialogue ensures that everyone feels heard and empowered to contribute their best work towards our shared goals in advancing biotechnology. This biotech company invests in its people through leadership training and skill development. Working in this biotech company has been incredibly rewarding.
Commented in April 10, 2025
35
1
It’s a company where passion and purpose truly intersect. The commitment to scientific integrity and patient well-being is evident in everything we do. There are opportunities to work on impactful projects, but the organizational structure can be confusing. Leadership communicates clearly and is approachable. This company offers a vibrant and meaningful work environment.
Commented in February 05, 2025
32
0
For someone seeking a low-pressure, predictable environment with scientific grounding, it works. Scientific freedom balanced with structure and goals. No issues, but didn’t exceed expectations. It’s a dynamic, purpose-driven environment that’s both intellectually rewarding and emotionally fulfilling. The work is generally routine, and job expectations are clearly communicated.
Commented in December 21, 2024
33
3
I've been able to transition between departments and take on new challenges, all supported by excellent mentorship and training programs. Teams are well-integrated, and projects often span across R&D, regulatory, and manufacturing. I genuinely feel my voice is heard here and my opinions matter. The company invests significantly in training and mentorship programs, encouraging us to expand our skil...
Commented in January 08, 2024
28
2

NewMedical Technology Inc Overview

Website
www.newmedical.com
Founded In
2003
Employees
25 - 50 employees
Industry
Biotechnology
Headquarter Address
310 Era Dr Northbrook Illinois IL 60062
Revenue
$10 Million - $50 Million
Phone Number
+1 8474121000
Social Media
About NewMedical Technology Inc
Newmedical Technology is the manufacturer of the Silagen® Scar Refinement System, the first and only comprehensive line of physician-exclusive, medical grade silicone scar therapies. The Silagen Scar Refinement System includes both medical grade silicone gels and sheeting. The gel options include both 100% Pure Silicone Gel and Silicone Gel + SPF30 (both available in high quality 15g and 30g airle

What Benefits Does NewMedical Technology Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. NewMedical Technology Inc 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 NewMedical Technology Inc.
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 NewMedical Technology Inc, 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 NewMedical Technology Inc 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 NewMedical Technology Inc

1. How much does NewMedical Technology Inc in the United States pay?

NewMedical Technology Inc pays its employees an average of $103,708 per year. The average salary at NewMedical Technology Inc range from $91,333 to $117,171 per year. 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 NewMedical Technology Inc employees get a higher salary than its peer company?

The salary at NewMedical Technology Inc is higher than its peer company. The average annual salary at NewMedical Technology Inc is $103,708, or an hourly wage of $50, in comparison to FibeRio Technology Corp which pays $87,622 per year or $42 per hour.

3. What are the highest paying jobs at NewMedical Technology Inc?

The higher-paying job at NewMedical Technology Inc, according to our data, include Vice President, Technology (avg. $287,921 per year), International Sales Director (avg. $203,878 per year), and Director, International Sales (avg. $190,139 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at NewMedical Technology Inc?

Salary progression with years of experience at NewMedical Technology Inc 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 NewMedical Technology Inc vary by office location?

Yes, it's very likely that salaries at NewMedical Technology Inc 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 NewMedical Technology Inc offer good benefits?

NewMedical Technology Inc 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 NewMedical Technology Inc" section on this page.

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