Got Salary Envy?
According to the study, men also reported larger bonuses and other cash compensation than women. Twenty-one percent of men brought home annual bonuses of $10,000 or more during the 12 months ending April 1, while 13 percent of women reported the same bonus compensation. Eighteen percent of men and 17 percent of women reported bonuses of $2,500–$9,999.
Slightly more men (52 percent) than women (48 percent) received additional cash compensation.
The Highest-Paying Positions
It’s no big surprise that corporate/business management positions are among the highest paying in the industry—probably most industries, at that.
The job categories of “president, CEO, COO, CFO” and “executive vice president (VP)” were the only two categories with average salaries over $100,000, with both averaging around $150,000.
The group that includes presidents reported an average total annual salary of $143,400, while the “executive VP” group reported an average total annual salary of $155,700.
In last year’s study, “executive VPs” also reported a higher average salary than the “president, CEO, COO, CFO” group. One possible explanation is that regardless of company size, the company will have a president; so presidents at smaller companies (with lower salaries) would bring down the average. Smaller companies may not have executive VPs.
The study also showed that the median salary—the number at which exactly 50 percent are earning above and below this figure—for “president, CEO, COO, CFO” was $120,000, and for “executive VP,” the median salary was $127,500. Twenty-five percent of “executive VPs” reported making more than $217,500, while, for the group including presidents, this figure was $155,000.
The next highest-paying positions were “VP/director of manufacturing” (average total annual compensation of $94,200) and “VP/director of marketing” ($92,700).
Close on their heels was the “publisher, director, business manager” group, which reported average total annual compensation of $89,900.