Drexel Formula Salary

Drexel Formula Salary

How much does the Drexel Formula Pay for employees?

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As of August 2026, the average hourly salary for employees at Drexel Formula in the United States is $50. This translates to an approximate annual wage of $103,001. Salaries at Drexel Formula typically range from $43 to $56 hourly, reflecting the diverse roles and experience levels within the company. Drexel Formula’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Drexel Formula

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Is Drexel Formula’s Pay Competitive? Salary Benchmarking Analysis

How does Drexel Formula’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Drexel Formula
Hospitality & Leisure
The Bay Trail
Spark Networks Services GmbH
Industry Comparison
Our data shows that, on average, compensation at Drexel Formula is below the average for the U.S. Hospitality & Leisure industry by approximately 16%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Drexel Formula average annual salary with several similar companies. Drexel Formula average salary of $103,001 is lower than The Bay Trail, which has an average salary of $114,636. It is higher than Spark Networks Services GmbH, with their average salary at $96,261. This places Drexel Formula in a mid-range position among its peers.
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Companies Similar to Drexel Formula and Their Hourly Pay Rates

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

Employee Reviews: Working at Drexel Formula

Considering a career at Drexel Formula? 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 is fantastic, and the work environment is positive. I’ve learned so much and feel appreciated for my contributions. I’ve been here for three years and still feel valued. The team is helpful, and the policies are fair.
Commented in March 06, 2025
40
2
The benefits, including health coverage and performance bonuses, are impressive. While there aren’t many flashy perks, the job is reliable, and the team is easy to work with. The workplace culture is professional, and communication from leadership is clear. I’d recommend this workplace to anyone seeking stability and growth in hospitality. The company follows industry standards well. It’s a reliab...
Commented in August 06, 2024
39
2
I’d definitely recommend it to professionals in hospitality. Hard work is noticed and rewarded. The management truly values employee input, which makes you feel heard and appreciated. I’ve had opportunities to grow my skills, and the company often provides training sessions to help employees advance.
Commented in June 19, 2024
35
2
Typical hospitality workplace. The leadership team is forward-thinking and listens to employee feedback. Benefits are in line with industry norms. Career growth is possible here, with clear pathways for promotion.
Commented in March 22, 2024
26
3

Drexel Formula Overview

Website
www.racing.coe.drexel.edu
Founded In
Data pending, update soon.
Employees
100 - 200 employees
Industry
Hospitality & Leisure
Headquarter Address
3101 Market St Philadelphia Pennsylvania PA 19104
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Drexel Formula
Drexel Formula is a company that operates in the Education industry. It employs 101-250 people and has $5M-$10M of revenue. The company is headquartered in Philadelphia, Pennsylvania.

What Benefits Does Drexel Formula Offer Beyond Salary?

A competitive compensation package is more than just a salary. Drexel Formula 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 Philadelphia?

Understanding the cost of living near Philadelphia is key to truly evaluating a salary offer or your current compensation at Drexel Formula.
Philadelphia's Cost of Living Index is approximately 101.2 (1.2% more expensive than US average; 4.2% more than PA average). Major historic city, housing varies by neighborhood but can be high in Center City. SEPTA. When planning your budget based on a salary from Drexel Formula, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,200+ A significant portion of Drexel Formula salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $96 (SEPTA TransPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $730+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,866 - $4,566+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Drexel Formula

1. What is the average salary for employees at Drexel Formula?

The average total compensation for employees at Drexel Formula is approximately $50 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $43 to $56 per hour, depending on factors like job role, experience, and location.

2. How much does Drexel Formula pay compared to The Bay Trail?

The average annual salary at Drexel Formula is $103,001, or an hourly wage of $50, in comparison to The Bay Trail which pays $114,636 per year or $55 per hour.

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

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

4. Does Drexel Formula offer cost-of-living adjustments (COLA) for employees in high-cost areas like Philadelphia?

While some companies offer formal COLA, many, including potentially Drexel Formula, 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 Drexel Formula?

Most companies, likely including Drexel Formula, 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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