CEO Salaries: What Is the Average Salary of a CEO?
By Shanon Lyon, special to PayScale.com
A PayScale.com Special Report: A college degree can cost serious cash -- sometimes without the promise of a big salary payoff. Find out what the best college degrees are for high starting salaries.
For what it costs, a B.A. degree might as well be made of gold. For the 2007-2008 school year, the cost of a four-year degree from a public university is $6,185, according to the College Board. And while most students pay less than $9,000 a year, costs at private colleges and universities can skyrocket beyond $33,000 for tuition, room and board.
But beyond the rewards of learning, how will that pricey degree pay you back? A recent report on the best college degrees by salary from PayScale.com shows how starting total cash compensation (base salary plus commission, bonus, profit sharing and other forms of cash earnings) stacks up by major.
Annual pay for Bachelors graduates without higher degrees. Typical starting graduates have 3 years of experience; mid-career have 15.5 years. See full methodology for more.
Choosing a college major is no easy feat. Students strive to pick paths that will bring both money and happiness when they launch into the workforce--but there's no guarantee all high salary careers will be enjoyable, or that the top careers for job satisfaction pay well. This conflict begs a question about future careers: What is an intrinsic satisfaction on the job--earning good money, or being happy? Does making big bucks guarantee happiness?
Experts and workers say what is an intrinsic satisfaction on the job varies depending on the individual, but most agree money doesn't buy anyone happiness. For example, a student who's good at math and science may be well-suited for high salary careers such as computer engineering or electrical engineering. He might end up pursuing these paths because he knows he can succeed and make money, even though he'd prefer to pursue sociology, which pays less. Steve Rothberg, president and founder of CollegeRecruiter.com, a job board for students and recent graduates, says many young adults take this tack, forgetting to consider what jobs they'd like to do and what is an intrinsic satisfaction on the job for them.
"That is the piece I find missing from the job-search process most. People tend to think just because they’re good at something, they should be employed in that field. If you're good at numbers, be an accountant, right? No, not necessarily," Rothberg says. If you're good at numbers and enjoy writing software code, he suggests following that path instead of accounting.
Have you ever wondered why there’s a gender pay gap between men and women? “Why do women make less money than men?” is a surprisingly common career question. Even more surprising: according to bestselling author and gender issues expert, Dr. Warren Farrell, in some fields women are now bringing home bigger paychecks than men.
If you think men always earn more than women, you’re wrong.
That’s according to a book by Farrell titled Why Men Earn More: The Startling Truth Behind the Pay Gap—and What Women Can Do About It, which says women in certain fields earn more than men. According to Farrell’s website, the book shows how the gender pay gap is not about gender discrimination in the workplace, but about “25 differences between men and women’s work-life decisions.” Not only does Farrell’s book discuss the issues of equal pay for women, but it also strives to help women achieve higher pay and understand the tradeoffs involved—and whether they’re worth it.
For some folks, time off from work can be just as important as salary. Fortunately, there are careers that allow you to take more time off than the average Joe who might get two weeks. In fact, some careers offer two to three months off. Jobs with good vacation plans are out there, you just need to know where to look.
However, increased free time often comes with increased risk. If your idea of a fun vacation is being paid, and having a job to come back to, some of these options may not be for you.
How does your salary compare to jobs with good vacation plans? Find out with PayScale's full salary survey.
Name: Toni Miller
Job Title: Accounting Manager
Where: Kent, WA - USA
Years of Experience: 15
Education: High school and some college
Annual Salary: Interested in accounting careers or an auditing career? See PayScale's Research Center to learn more about careers in accounting and accounting salaries.
Accounting involves more than just crunching numbers. Businesses use accounting methods to translate their day-to-day activities into financial variables, and then analyze issues such as efficiency and productivity. The idea of analyzing financial information may cause some people to yawn, but accounting careers can be both challenging and rewarding. In this Salary Story, you'll meet Toni Miller, an accounting manager who plays an important role in her company. Actually, her job involves several roles and numerous responsibilities, as Toni describes in the following interview.
Toni offers advice on how to prepare for an accounting career and what to expect from an accounting manager position. She gives an insider's look at what accounting careers are really like and discusses the top challenges she faces on the job. If you're a problem-solving whiz looking for a career in finance or business, don't miss this interview!
With the cost of living soaring, it makes sense that jobs offering the best starting salaries are increasingly sought-after -- by everyone from recent college graduates to career-changers. This article touts a handy list of high paying careers that might surprise you.
By Cherie Berkley
You may be striking out on a new career path, but that hopefully doesn’t mean your salary has to start low on the totem pole. PayScale.com has created the following list of high paying careers with the highest average starting salaries. Most all of these hot jobs has an average starting salary well over $50,000. So, with no further ado, here is a top ten list of high salary careers with the best starting salaries.
Job Title: Web Designer/Consultant
Where: Vancouver, BC - Canada
Current Employers: Goldrea Resources Inc. Molycor Gold Corp., Rocher Deboule Minerals Corp., Adanac Molybdenum Corp.
Years of Experience: 5
Education: Computer programming degree, multimedia design certificate, and master's degree.
Other Relevant Experience: 15 years data processing.
Annual Salary: What is the yearly salary for a web designer? See PayScale's Research Center for the starting salary for a web designer and to research more web designer career opportunities.
At one moment or another, everyone has dreamed of becoming their own boss. While it is certainly possible, some professions are more suitable than others when it comes to working from home. If you're a police officer, chances are you won't be setting up shop from a home office any time soon. However, if you're involved in creative design or consulting, becoming your own boss may be more feasible.
This salary story tells the career biography of a web site designer who provides web consultancy services to multiple businesses. As his own boss, Wayne only has one complaint - he has to boss himself around. But it's not all that bad considering that he not only sets his own hours, but also earns a decent web designer salary.
Online social networks are here to stay. One of every four people on the Web visits online social networks, and about half of social networkers are on the sites every day. As with any new technology, there is plenty to learn and do when it comes to online social networks, as I mentioned in a post last week.
There is also plenty not to do, say experts and social networkers themselves. Here’s a list of tips about what to avoid when using online social networks for professional gain.
The stereotype of the televangelist with six cars and seven houses has pretty much faded away. When it comes to setting pastor salaries these days, BaptistStandard.com reports that the national average pastor compensation is $77,096.
This average comes from The Compensation Handbook for Church Staff an "industry" survey of compensation. This average is significantly higher than the PayScale median salary of $56,000 for Senior Pastors.
As we will see, the difference is both in the definition of compensation and the scope of responsibility. It never is just about the job title :-)
How does your salary compare to the average pastor compensation? Find out with our salary calculator.