Financial analyst jobs pay less compared to accounts and project managers. For instance, a project manager earns a median of $ 123,080 annually, whereas a financial analyst in New York Mills earns a median salary of $ 69,600 (Salary.com. n.d.). The difference in the wage is because of job status. Jobs that involve investments tend to pay more. For example, stoke brokers have the duty of providing data analysis, preparing new hires on grants, and stocks while processing employee transactions.
The bonus differs according to the kind of job responsibility and the level of the specific job. (salary.com) For instance, an accountant in Florida with an MBA earning a median salary of 2% from his salary, while a financial analyst with a degree earning a median salary of $ 69,600, will have a bonus of 20% annually.
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The data doesn't include values on stock options because stock options are for employed personnel, and most employers would not want to have such information to the public unless one is hired and is one of them.
Most of the job descriptions looked into are relevant to the job stated. For instance, stockbroker, according to salary.com, prepares and provides information to employees about the excise process, stock schedules, preparing reports, and analyzing performance. When you compare duties and responsibilities to a stocker broker, they are the same.
In the end, both terminologies relate to creating and developing softwares (Burel, 2020). Therefore, function, duties, and responsibilities would be the same.
According to the jobs investigated in salary.com, which includes Accountant, product manager, stockbroker, and financial analyst, the only job that could be compared to related school jobs is an Accountant (Salary.com. n.d.). The is the difference would be seen in the benefits they receive. For instance, an accountant working for a corporation will have more core compensation compared to a school account.
When applying for a job after graduation, information gathered from salary.com will help during quoting of one's net worth. For instance, at entry level, with an undergraduate degree, salary.com gives an insight into the benefits and salary one expects to get from employers. With this knowledge, one can use it during an interview in negotiating his salaries and benefits.
There is a significant difference in the median annual salary employees get in a different location (Salary.com. n.d.). For instance, a stockbroker employee in London, Arkansas, has an average salary of $ 57,628 annually, and for one working in Florida, New York gets a median salary of $73,419 annually. Therefore this means that location contributes majorly in getting an average salary of an employee.
Let us consider a stockbroker in Florida , at a percentage of 25% he gets $ 67,883 , at 50% he gets $ 73,419 and at 75% $ 82,392. Looking at a product manager in Maryland, New York, at 25 %, he gets $ 111,369; at 50%, he gets $ 123,080, and at 75%, he gets $ 133,973. Therefore, the difference in the variations is because of the location and nature of the job (Salary.com. n.d.). The more the job is fancier and involving the more there is a huge variation in the salaries.
The salary data provide significant insight to any job seekers. However, these surveys come from questionnaires done by employees or even employers at a specific time. Therefore, they can be unrelated information because job responsibilities, duties, salaries, and benefits get revised all the time, especially in the private sector.
Yes. Consultancy survey can give more insight on specific duties that can provide a job seeker an added advantage in the job market.
Paying employees is justified on information about employee's performance, qualifications, and experience. Therefore, salary.com information is relevant because it gives estimations on how other employers are paying their employees with the same job description.
References
Burel, C. (2020, June 22). Software 'Developer' or 'Engineer': What's the Difference? Retrieved July 22, 2020, from She Can Code: https://shecancode.io/blog/software-developer-or-engineer-whats-the-difference
Salary.com. (n.d.). Salary calculator. Retrieved July 22, 2020, from salary.com: https://www.salary.com/tools/salary-calculator/sponsor
