Leading manufacturer of trucks, buses, construction equipment and marine and industrial engines.
Overall Median Salary
$92,500
Pay Philosophy
Volvo Group emphasizes a total rewards approach, balancing base salary with performance-based incentives and comprehensive social benefits aligned with local market practices.
Software Engineer
Mechanical Engineer
Estimates based on industry benchmarks for heavy vehicle manufacturing as of 2025.
Competitive benefits package typically includes health insurance, retirement savings plans, paid time off, and professional development opportunities. Specific benefits vary significantly by country of employment.
Equity participation is generally limited to senior leadership roles and is not a standard component of compensation for the majority of the workforce.
Scania
Salaries are generally competitive and comparable within the heavy vehicle manufacturing sector.
Daimler Truck
Compensation structures are similar, with both companies offering industry-standard packages for engineering and manufacturing roles.
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