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Salaries

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. General Electric 9. Johnson & Johnson 10. Morgan ... Continue reading this article…

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Company-Wide Bonus

by Flexo on March 15, 2006. Salaries 3 comments.

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 ... Continue reading this article…

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Here is one of the best arguments for moving where cost of living is low. This comes from a Jeanne Sahadi-penned article at CNN Money. She is discussing the issue of middle class status in various regions and how those living a “middle class lifestyle” pay significantly different taxes. A dual-income couple without kids ... Continue reading this article…

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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 ... Continue reading this article…

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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 ... Continue reading this article…

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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 ... Continue reading this article…

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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 ... Continue reading this article…

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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. ... Continue reading this article…

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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 ... Continue reading this article…

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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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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 on January 18, 2006. Salaries 1 comment.

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 ... Continue reading this article…

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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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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 be ... Continue reading this article…

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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 ... Continue reading this article…

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Taking a Pay Cut Sometimes Pays Off

by Flexo on November 29, 2005. Salaries Comments Off.

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 pay ... Continue reading this article…

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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 ... Continue reading this article…

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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 ... Continue reading this article…

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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 on September 20, 2005. Salaries 5 comments.

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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