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Salaries

Top MBA Employers

by Flexo

Once again, I’m finishing up my MBA in the next few months. Fortune has come out with a list of the companies most sought-after MBA candidates. Here are the top ten: 1. McKinsey & Company 2. Google 3. Goldman Sachs 4. Bain & Company 5. The Boston Consulting Group 6. Citigroup 7. Apple Computer 8. ... Continue reading this article…

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Company-Wide Bonus

by Flexo

The CEO of my company announced today that the board approved a special bonus payment. All full-time employees will be granted about $2,000 worth of restricted stock units, which will vest on March 14, 2009. On that date, each unit will convert to a share of stock and will be available to sell. It’s not ... Continue reading this article…

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Pay Increase Details

by Flexo

I mentioned in the notes for my latest balance sheet that I’ve received my yearly raise and bonus. Here are some details. My bonus appears in today’s paycheck. My “2005 Annual Incentive Award” amounts to $2,848, or 7.18 percent of my 2005 base salary. Note than I am a “non-exempt” employee and I get paid for ... Continue reading this article…

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Women Earn More Than Men

by Flexo

In a number of professions, the average salary for women is higher than the average for men. CNN is listing 39 of the 80 such professions discovered by the author of Why Men Earn More: The Startling Truth Behind the Pay Gap — and What Women Can Do About It. If you look at the ... Continue reading this article…

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Top Earning Musicians in 2005

by Flexo

Which muscal acts raked in the most money last year? If you’re an incredibly popular band or act and you tour, revenues are high. The band may not see all of that money — it goes to a number of different people like managers, promoters, agents, etc. — but the numbers are staggering to those ... Continue reading this article…

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Salaries Going Up? Moreso For Supermodels

by Flexo

There’s talk around town that paycheck growth will be seeing acceleration soon. Those economists say that that wage increases follow productivity increases after some time, so we’re due for some good news. Speaking of salaries, if you’re a supermodel you’re doing well. Forbes raided the tax returns of several powerful celebrities and discovered these numbers: ... Continue reading this article…

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Underpaid or Overtitled?

by Flexo

Here’s a corrollary to yesterday’s thoughts on underearning income. Anne Fischer from Fortune Magazine urges people who feel they are underpaid to consider whether they are actually overtitled. Here’s the letter to the editor: I was among the top five salespeople at my software company last year, and I’m pretty sure I’m drastically underpaid. I ... Continue reading this article…

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Overspending vs. Underearning

by Flexo

Are you an underearner? The general consensus for increasings savings in financial advice circles is to rein in your spending, since the expense side of the equation is easier to manage than the income side. You can cut back your spending on cable television by 50 percent, but getting an equivalent 50 percent increase in pay is ... Continue reading this article…

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Income Disparity by State

by Flexo

Incomes are going up somewhat, but they’re going up much faster for high-income families. A report by the Economic Policy Institute provides state-by-state details to show you just how much those in the executive suite are sweeping the floor with the underlings. CNN helpfully compiled the data into tables which allow you to drill through ... Continue reading this article…

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New Salary Figures for MBAs

by Flexo

According to USA Today, the average starting salary and signing bonus for new graduates with a fresh master’s degree in business administration (MBA) have jumped to $106,000 in 2005. $88,600 of that is for salary alone. Not all employers are paying so much for MBAs; the bulk of the numbers come from consulting firms and ... Continue reading this article…

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Wage Inequality

by Flexo

I’ve noticed there’s been a number of stories in the news lately about working and salary. Here’s another, this time from the Wall Street Journal, who asks if wage inequality is worsening. About 11 percent of income (and that’s not counting capital gains) went to the best-off 0.5 percent of Americans in 2002; 25 years earlier, they ... Continue reading this article…

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Changes in CEO Pay Reporting

by Flexo

The Securities and Exchange Commission is taking a look at CEO compensation again, and this time they’ve proposing new disclosure rules. Companies would be required to fully disclose all forms of compensation in a way that is understandable. I think it’s safe to say that corporations will always find a way to bend the rules ... Continue reading this article…

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Articles For Thursday

by Flexo

Here’s a snapshot of some of the reading I managed to sneak in while getting real work done in the office. As you can see, I didn’t have too much time today. * Why it’s smarter to buy a home rather than rent [focus] * Wall Street has a crush on Google but investors may ... Continue reading this article…

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Employment Trends in 2006

by Flexo

According to surveys, we should start to see some encouraging trends for those of us working for a living. Richard Castellini from CareerBuilder.com has the story. Trend 1: Bigger Paychecks. Employers plan on offering more to existing employees and new hires. Gain an advantage by knowing where you stand within the market for your position. ... Continue reading this article…

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Taking a Pay Cut Sometimes Pays Off

by Flexo

At the moment I’m writing this entry, 85 percent of respondents to an informal CNN Money survey say they’d be willing to take a pay cut if the situation was right, while the other 15 percent would not consider such a move. According to Jeanne Sahadi, who speaks from personal experience, there are situations where taking a ... Continue reading this article…

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Chances of Obtaining a Bachelor’s Degree

by Flexo

Are you or a family member looking into options for college? Here are some statistics from the Atlantic Monthly that are surprising at first glance: If your family income is $90,000 or more, you have about a 50 percent chance of obtaining a bachelor’s degree by age 24. If that income is between $61,000 and ... Continue reading this article…

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Negotiating for Salary – Men vs. Women

by Flexo

I’m a fan of social experiments, and here’s an interesting study. Researchers at Carnegie Mellon University wanted to determine if sex had a role to play in hiring decisions. Male and female observers, playing the role of decision-makers, watch an interview with male and female participants (job candidates). When the candidate was asked what he ... Continue reading this article…

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It’s Not What You Make, It’s What You Spend. Whaa?

by Flexo

A little tidbit gurus like to throw around is the first part of the phrase in the title of this entry. The second part is the sound Seth Green uttered as the voice of the character Chris Griffin in the new episode of Family Guy that was on earlier tonight. “It’s not what you make, ... Continue reading this article…

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New York City Salaries

by Flexo

I heard this on the radio yesterday, but I couldn’t find it online as I was looking at the wrong magazine. (It appeared in New York Magazine, not The New Yorker.) If you’ve ever wanted a good idea of how much money various people in New York City make, New York Magazine has conducted an ... Continue reading this article…

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Outrageous CEO Compensation

by Flexo

We’ve all heard the reasons (sometimes excuses) for the fact that many CEOs are compensated orders of magnitude higher than the working class or middle management. Perhaps sometimes the justifications have merit. How about when corporate profitability or performance has plunged under a CEO’s guidance? Here is MSN Money’s list of the most outrageous offenders: ... Continue reading this article…

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