Innoveda Salary

Innoveda Salary

How much does the Innoveda Pay for employees?

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As of August 2026, the average hourly salary for employees at Innoveda in the United States is $47. This translates to an approximate annual wage of $98,687. Salaries at Innoveda typically range from $42 to $54 hourly, reflecting the diverse roles and experience levels within the company. Innoveda’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 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 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)
Innoveda
Business Services
Great Escape Theatre
Lieutenant Governor
Industry Comparison
Our data shows that, on average, compensation at Innoveda is below the average for the U.S. Business Services industry by approximately 18%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Innoveda average annual salary with several similar companies. Innoveda average salary of $98,687 is higher than Great Escape Theatre, which has an average salary of $95,449. It is lower than Lieutenant Governor, with their average salary at $101,735. This places Innoveda in a mid-range position among its peers.
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Companies Similar to Innoveda and Their Hourly Pay Rates

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.

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

Innoveda Overview

Website
Data pending, update soon.
Founded In
1993
Employees
200 - 500 employees
Industry
Business Services
Headquarter Address
100 High Tower Blvd Pittsburgh Pennsylvania PA 15205
Revenue
$10 Million - $50 Million
Phone Number
+1 4127889492
Social Media
About Innoveda
Innoveda is a company that operates in the Computer Software industry. It employs 251-500 people and has $25M-$50M of revenue. The company is headquartered in Pittsburgh, Pennsylvania.

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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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. How much does Innoveda in the United States pay?

Innoveda pays its employees an average of $47 per hour. The average salary at Innoveda range from $42 to $54 per hour. 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 Innoveda employees get a higher salary than its peer company?

The salary at Innoveda is higher than its peer company. 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 much does salary increase with years of experience at Innoveda?

Salary progression with years of experience at Innoveda 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.

4. Do salaries at Innoveda vary by office location?

Yes, it's very likely that salaries at Innoveda 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 Pittsburgh section provides more context.

5. Does Innoveda offer good benefits?

Innoveda 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 Innoveda" section on this page.

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