Salary Guide
Quest Diagnostics Salaries in Chicago: Complete Compensation Analysis
Considering a career at Quest Diagnostics in Chicago? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.
Key Salary Insights for Quest Diagnostics
Average Base Salary
$75,000
Across all positions in Chicago
Salary Range
$45,000 - $120,000
From entry-level to executive positions
Industry Comparison
5% Below
Compared to industry average in Chicago
Total Compensation
+12%
Average bonus, stock options, and benefits
Location Factor: Chicago
Working at Quest Diagnostics in Chicago comes with specific geographical considerations:
- Cost of living index: 108 (U.S. average = 100)
- Average housing cost: $1,800/month for 1-bedroom apartment
- State income tax rate: 4.95%
- Regional salary adjustment factor: 5% higher than national average
- Remote work opportunities: Limited
Salary Negotiation Tips for Quest Diagnostics
Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to Quest Diagnostics:
- Highlight specialized medical testing expertise that commands premium compensation
- Research indicates Quest Diagnostics typically has 5% flexibility on initial offers
- Negotiating for flexible schedule may be more successful than base salary increases
- Emphasize process improvement that aligns with company values
- Consider during peak season which has proven effective
Recent Compensation Trends at Quest Diagnostics
Our analysis shows the following significant trends in Quest Diagnostics's compensation strategy over the past year:
- 8% increase in starting salaries for Medical Technologist positions
- New emphasis on wellness programs as part of compensation packages
- Shift towards performance-based bonuses
- Increased investment in referral bonuses
- Annual compensation adjustments to remain competitive in Chicago
Employee Testimonials
"After 4 years at Quest Diagnostics in Chicago, I've seen my compensation grow by approximately 8% annually. The company values efficiency and rewards it consistently through merit-based raises."
- Anonymous, Medical Technologist
"The total compensation at Quest Diagnostics is competitive, but what really stands out is health insurance. This has added significant value to my overall package, worth approximately $10,000 annually."
- Anonymous, Sales Representative
Salary Comparison with Competitors
| Company | Avg. Base Salary | Bonus | Equity | Total |
|---|---|---|---|---|
| Quest Diagnostics | $75,000 | 10% | 2% | $84,500 |
| LabCorp | $72,000 | 8% | 1% | $79,360 |
| Mayo Clinic Labs | $78,000 | 12% | 3% | $89,760 |
| Sonic Healthcare | $70,000 | 9% | 0% | $76,300 |
Educational Impact on Salary
Your educational background can significantly influence your earning potential at Quest Diagnostics. Here's how education typically impacts salaries:
Advanced Degree (Ph.D., MBA)
+15% premium
Most valued in: Management, IT
Master's Degree
+8% premium
Most valued in: Medical Billing, Sales & Marketing
Bachelor's Degree
Base level
Standard requirement for most positions
Industry Certifications
+3% per certification
Most valued: ASCP, AMT
Promotion and Raise Cycles
Understanding Quest Diagnostics's promotion and raise cycles can help you time your career moves strategically:
- Annual performance reviews typically conducted in December
- Average annual salary increase: 4% for meeting expectations, 7% for exceeding
- Promotion eligibility typically requires 2 years in current role
- Average salary bump with promotion: 8-15%
- Bonus determinations made in November, paid in January
- Off-cycle raises most common in exceeding performance goals
Methodology & Data Sources
Our salary data has been meticulously compiled and verified through multiple sources:
- 1,500 verified salary reports from current and former employees (collected July 2023 - September 2023)
- Analysis of 300 job postings from Quest Diagnostics in Chicago (collected July 2023 - September 2023)
- Interviews with 10 recruiters specializing in Quest Diagnostics placements
- Data from Bureau of Labor Statistics for Chicago
- Industry compensation surveys from Glassdoor, Indeed, and Salary.com
- Proprietary JobBridge salary database with 15,000 data points
This data is accurate as of October 2023 and represents a comprehensive view of Quest Diagnostics's compensation structure in Chicago.
Frequently Asked Questions
About This Salary Data
Our Quest Diagnostics salary data has been meticulously compiled from multiple reliable sources, including:
- 1,500 verified salary reports from current and former employees
- Data from job postings across major job boards
- Information from professional recruiters specializing in Quest Diagnostics placements
- Industry salary surveys and governmental labor statistics
- Anonymous compensation details shared through our proprietary network
This data was last updated on October 25, 2023, making it one of the most current and accurate salary resources available for Quest Diagnostics in Chicago.
Salary by Department
| Department | Entry Level | Mid Level | Senior Level |
|---|---|---|---|
| Laboratory Operations | $48,000 | $65,000 | $85,000 |
| Phlebotomy | $40,000 | $55,000 | $70,000 |
| Medical Billing | $45,000 | $60,000 | $80,000 |
| Sales & Marketing | $60,000 | $80,000 | $100,000 |
| IT | $55,000 | $75,000 | $95,000 |
| Management | $70,000 | $90,000 | $120,000 |
Top-Paying Roles at Quest Diagnostics
Based on our research, these are the highest-paying positions at Quest Diagnostics in Chicago:
1. Laboratory Director
$120,000
Typical requirements: 10+ years experience, MD or PhD
2. Regional Sales Manager
$110,000
Typical requirements: 8+ years experience, proven sales success
3. IT Manager
$95,000
Typical requirements: 7+ years experience, strong leadership skills
4. Senior Medical Biller
$85,000
Typical requirements: 5+ years experience, expert knowledge of billing practices
5. Lead Phlebotomist
$70,000
Typical requirements: 5+ years experience, strong leadership and training skills
How Quest Diagnostics Salaries Compare to Market
Total Compensation Analysis
At Quest Diagnostics, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:
Bonuses
5-15%
Annual performance bonus (% of base salary)
Equity
0-5%
Stock options/RSUs (% of annual compensation)
401(k) Match
Up to 4%
Employer match for retirement contributions
Healthcare Value
$10,000/year
Estimated value of medical, dental, vision coverage
Additional benefits at Quest Diagnostics include:
Salary by Experience Level
Years of experience significantly impact your earning potential at Quest Diagnostics. Here's how salaries typically progress based on experience:
Salary Progression by Years of Experience
Compensation Research Team
JobBridge Salary Experts
Last updated: October 26, 2023 • Data accuracy verified by our research team