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Working At Foundation Medicine

Zippia Score 4.7

Foundation Medicine overview

Foundation Medicine, Inc. is a public American company based in Cambridge, Massachusetts which develops, manufactures, and sells genomic profiling assays based on next-generation sequencing technology for solid tumors, hematologic malignancies, and sarcomas.
The staff at Foundation Medicine come from unusually diverse demographic backgrounds. The company is 58.5% female and 33.6% ethnic minorities. Foundation Medicine employees are more likely to be members of the Republican Party than the Democratic Party, with 64.7% of employees identifying as members of the Republican Party. But those numbers could change quickly because the turnover rate at Foundation Medicine is relatively high. Employees at Foundation Medicine stay with the company for an average of 1.8 years before leaving. The average employee at Foundation Medicine makes $72,674 per year. Pay at Foundation Medicine is significantly lower than some of its highest paying competitors, like ISSI Integrated Silicon Solution, Acorda Therapeutics, and Exact Sciences, which pay $101,286, $97,695, and $91,429, respectively.
Foundation Medicine is a medium technology company with 535 employees and an annual revenue of $119.6M that is headquartered in Cambridge, Massachusetts.

Industry

Biotechnology

Revenue

$119.6M

Employees

535

Founded in

2009

Headquarters

Cambridge, MA

Website

foundationmedicine.com

Website

foundationmedicine.com

Organization Type

Public

Is This Your Company?

The team at Foundation Medicine

Key People
  • Jason Ryan (Executive Officer)
  • Michael Pellini (Executive Officer, Director)
  • Krishna Yeshwant (Director)
  • Robert Hesslein (Executive Officer)
  • Mark Levin (Director)
  • Brook Byers (Director)
  • Alexis Borisy (Director)
  • Cindy Perettie (ceo)
  • Kevin Krenitsky (Executive Officer)
  • David Schenkein (Director)
  • Evan Jones (Director)

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Foundation Medicine Rankings

Foundation Medicine is ranked #65 on the Best Technology Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Foundation Medicine Salaries

How much does Foundation Medicine pay?
The national average salary for a Foundation Medicine employee in the United States is $72,674 per year. Employees in the top 10 percent can make over $108,000 per year, while employees at the bottom 10 percent earn less than $48,000 per year.
9.0
Salary Score
Average Employee Earnings

Foundation Medicine Salaries By Job Title

The average employee at Foundation Medicine earns a yearly salary of $72,674 per year, but different jobs can earn drastically different salaries. Some of the positions that earn high wages at Foundation Medicine include Software Engineer, Quality Assurance Lead, Senior Architect, and Computer Systems Analyst. A worker with the title Software Engineer salary at Foundation Medicine can earn an average yearly salary of $89,952. Some of the other roles at Foundation Medicine are Maintenance Supervisor and Manufacturing Technician. A worker with the title Maintenance Supervisor at Foundation Medicine earns an average salary of $29,252 per year.

Foundation Medicine careers

On average, employees at Foundation Medicine stay with the company for 1.8 years. Employees most commonly join Foundation Medicine after leaving King's Daughters' Hospital.

Average Length of Employment
Illumina1.8 years

Foundation Medicine

1.8 years
bluebird bio1.6 years
Top Employers Before Foundation Medicine
Genzyme6.4 %
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Foundation Medicine Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

2009

Organization type

Public

Foundation Medicine Financing Rounds

DateAmount
Jan 10, 2013Equity
$55,962,423
Aug 23, 2011Equity
$20,500,000
Apr 15, 2010Equity
$25,000,000

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Foundation Medicine Competitors

Competitors of Foundation Medicine include ISSI Integrated Silicon Solution, Acorda Therapeutics, and Exact Sciences Corporation. The wages at ISSI Integrated Silicon Solution average higher than the other similar companies, where the median salary is $101,286 per year. The salaries at Acorda Therapeutics average $97,695 per year, and the salaries at Exact Sciences Corporation come in at $91,429 per year.

Frequently Asked Questions about Foundation Medicine

When was Foundation Medicine founded?

Foundation Medicine was founded in 2009.

How many Employees does Foundation Medicine have?

Foundation Medicine has 535 employees.

How much money does Foundation Medicine make?

Foundation Medicine generates $119.6M in revenue.

What industry is Foundation Medicine in?

Foundation Medicine is in the biotechnology industry.

What type of company is Foundation Medicine?

Foundation Medicine is a public company.

Who are Foundation Medicine's competitors?

Foundation Medicine competitors include Illumina, Genomic Health, bluebird bio, J. Craig Venter Institute, Myriad Genetics, Sequenom, Moderna, Affymetrix Inc., Acorda Therapeutics, DOCULYNX, Ionis Pharmaceuticals, Exact Sciences Corporation, Transportation Spend Management Div of Iron Data, PROFESSIONAL DATA RESOURCES, Vical, OpGen, MASCON GLOBAL TECH, ATCC, COMPUTER TECH HLDGS, ISSI Integrated Silicon Solution.

Who works at Foundation Medicine?

Jason Ryan (Executive Officer)

Michael Pellini (Executive Officer, Director)

Krishna Yeshwant (Director)

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Where is Foundation Medicine's headquarters?

Foundation Medicine's headquarters is in Cambridge, MA.

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Zippia gives an in-depth look into the details of Foundation Medicine, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Foundation Medicine. The employee data is based on information from people who have self-reported their past or current employments at Foundation Medicine. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Foundation Medicine and its employees or that of Zippia.