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While the steady improvement of the job market over the past year hasn’t been the same across all industries and job functions,
things have gotten better for workers across skill levels, industries and regions. What does this mean for you? Bargaining power for
many workers, like you, is increasing and opens the door to raises, and greater economic opportunity
Salary is a key factor in most career decisions. When deciding where to work, where to live, or what to study, pay is often top of mind.
The problem is, you don’t always have the compensation data you need to make the best decisions. You decide between paths without
knowing the payoffs.
To give you more visibility into your next career move, we examined data from more than two million LinkedIn members. We looked
at how salaries vary by job title, education level and field of study, location, company size, and industry.
Key Findings
Read on to see how your pay stacks up and what path you might want to take as you evaluate your next career opportunity. Explore
how much you could make if you went back to school, moved to another city, or switched industries. Get inspired by what you could
do to increase your compensation.
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
There’s no one path to high earning potential, but now you can better assess your choices along the way. Use this guide to gut-check
your professional instincts and learn more about your own salary in the LinkedIn Salary tool, and your career will thank you.
Medicine pays the most, but once you reach the top ranks in business, you’re paid generously too. Leadership roles in finance, sales,
tax, human resources, strategy, supply chain, research and development, marketing, and legal are all alternate routes to a high salary
Doctors account for eight of the top 20 highest-paying jobs, with most earning more than $300,000 annually. Orthopaedic surgeons
take the top spot at $450,000.
Finance pays the largest bonuses. This means greater salary variability but also greater potential upside. If you have a higher
tolerance for risk, finance may suit you.
Investment banking associate is the only mid-level role in the top 20.
For certain job roles four cities stand out as more lucrative places to live: New York, Los Angeles, San Francisco and Boston.
1. Orthopaedic
$450,000 $60,000
Surgeon
6. Emergency
$314,000 $20,000
Physician
7. Senior Vice
$300,000 $80,000
President, Finance
8. Senior Vice
$300,000 $60,000
President, Sales
9. Senior
$298,000 $100,000
Managing Director
10. Vice
$272,000 $67,500
President, Tax
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
13. Vice
President, Supply $255,000 $62,500
Chain
14.
$250,000 $50,000
Ophthalmologist
15. Medical
$250,000 $36,000
Director
16. Vice
President,
$248,000 $60,000
Research &
Development
18. Associate
$242,000 $46,000
General Counsel
19. Investment
$240,000 $100,000
Banking Associate
20. Senior
Director, $239,000 $40,000
Engineering
*If total median salary was the same for more than one role, the role with a higher annual bonus placed higher on this list
If you’re early in your career, you can still make six figures. Both investment banking analysts and associate brand managers have a
median income of more than $100,000.
The most lucrative entry and mid-level jobs are in finance, but roles in sales, marketing, and engineering also take spots on the list.
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
1. Investment
Banking $105,000 $40,000
Analyst
2. Associate
$105,000 $10,000
Brand Manager
3. Equity
Research $79,500 $8,700
Analyst
4.
Pharmaceutical
$75,000 N/A
Sales
Representative
5. User
Experience $72,000 $5,000
Designer
7. Product
Development $68,000 $3,300
Engineer
8. Associate
Marketing $66,000 $6,700
Manager
9. Associate
Software $65,000 $5,000
Engineer
10. Outside
Sales $57,000 $4,000
Representative
*If total median salary was the same for more than one role, the role with a higher annual bonus placed higher on this list
Generally the more you learn, the more you earn. There is a positive correlation between years of education and salary. It ranges from
high school diploma ($52K) to medical degree ($161K.)
The nearly $30,000 salary increase between secondary education and bachelor’s degree (BA) shows the high value of attending a
four-year college after high school. The degree positions you to earn a salary that’s just below the national average.
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
Graduate degrees have a wide payoff range, earning 3%-13% more than the average U.S. salary. Doctor of medicine (MD) leads the
pack and is more lucrative than business (MBA) and law (JD). Master’s (MA) and research doctorates (PhD) earn more than BA’s,
but still less than $100K on average.
Advanced degrees have greater salary impact on any given role. For example, a design engineer with a PhD can earn 56% more than
the national average. Similarly, having an MBA can bump a program director’s salary to double the national average.
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
If you want to land a high-paying job, computer science is your best bet. Computer science leads all other fields of study with an
average salary of $92K while visual art and sociology round out the top three with $90K and $88K, respectively.
STEM (science, technology, engineering, and math) accounts for nearly half of the highest paid fields, with engineering taking the
majority of the spots. Considering today’s high demand for tech talent, this comes as no surprise.
However, just as many non-technical fields in the arts and social sciences rank high as well. The bottom line is you don’t have to be a
tech whiz in school to earn big bucks when you graduate - a wide range of fields lead to high pay.
Field of Study Median Total Compensation (includes bonus and commission if applicable)
1. Computer
$92,300
Science
3. Sociology $87,900
4. Industrial
Engineering &
$85,800
Management
Science
5. Business
Management & $83,700
Administration
6.
Architecture,
$81,200
Design &
Applied Art
7. Law $79,000
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
Field of Study Median Total Compensation (includes bonus and commission if applicable)
8. Electrical &
Electronic $78,600
Engineering
9. Physics $78,400
10.
Journalism,
$77,979
Media &
Communication
12.
$73,350
Engineering
13. Liberal
$72,500
Arts
15. Civil
$69,100
Engineering
16.
Mechanical $66,700
Engineering
17. Language
$65,700
& Literature
20.
Environmental
$55,700
Science &
Forestry
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
Larger companies on average pay more. This makes sense as they generally have more resources than smaller companies and thus
can pay more for talent. Keep in mind smaller companies that can’t compete on salary alone often compensate with less quantifiable
perks such as strong company culture.
Roles are compensated differently depending on company size. For example, if you’re an implementation specialist at a mid-size
company, you may be better off moving to a smaller shop where you’ll be paid more for the same job. If you’re an art director at a
startup, you may decide to pursue the same role at a large company where you’ll likely make more.
How Different Industries Are Paid, And How Men & Women Are Represented
Certain industries pay more than others and have a disproportionate number of males or females. Let’s look at the gender breakdown
within the highest-paying industries. Note: this is not a pay comparison of men and women in equal jobs - it is simply a comparison
of gender ratios within industries.
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
Men are greatly overrepresented in the highest-paying industries. Software and hardware tech industries pay the most and have over
twice as many males than females. Manufacturing pays third-highest and has an even greater discrepancy - over three times as many
males.
Healthcare is the only top-five paying industry with a greater proportion of females. Consumer goods, legal, media, retail, real estate,
and education have a higher female ratio too, but the imbalances are less compared to those in the male-dominated industries.
Construction has the most glaring gender imbalance, with nearly five males for every female. Corporate services has the most equal
balance with a 1-to-1 ratio of men to women.
If you’re a woman in a male-dominated industry such as construction, for example, now you can compare your salary to the median
and get a sense of whether you’re being underpaid.
1. Software & IT
$104,700 $11,700
Services
2. Hardware &
$101,100 $11,500
Networking
3.
$85,600 $9,600
Manufacturing
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
6. Consumer
$80,000 $11,000
Goods
8. Corporate
$75,000 $7,800
Services
11.
Transportation & $70,200 $8,400
Logistics
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
The San Francisco Bay Area leads the country with highest average salary, and the only city exceeding $100K. Helping cement the
west coast as the higher-paying coast, Seattle takes the second spot with an average salary of $96K.
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26/11/2018 LinkedIn's 2017 State of Salary Report (U.S.) | LinkedIn
The East Coast cities of Washington D.C., New York and Boston round out the top five. Not surprisingly it’s these coastal cities, with
typically higher costs of living, that tend to pay most.
Engineering roles are in high demand nationwide as most regions in the top 20 pay above average for those roles. So if you’re an
engineer who’s willing to move to Texas, for example, you’ll likely find higher-paying opportunities in Houston, Austin, and Dallas.
If you are planning a career change and are willing to move locations, consider these top-paying regions. If want a change from Los
Angeles, for example, Denver may be a great alternative because you could earn a similar salary.
METHODOLOGY:
LinkedIn’s State of Salary Report showcases the state of pay across the United States based on salary data from over two million
LinkedIn members as of April 2017.
To protect member privacy, we de-identify salary data at the time of submission. Once we collect a sufficient number of submissions
to analyze the data while protecting member privacy, we aggregate the data at a job title and location level and securely stored the
median reported values.
To uncover higher-level trends that were not job title-specific (such as Average Pay by Field of Study), we computed the average
median value across all job titles for which we had aggregate salary insights available. Insights generated from fewer than 30 salary
submissions were removed from the analysis. C-level titles (such as CEO, CIO, etc.), were also excluded from the analysis.
The results of this analysis represent the world as seen through the lens of LinkedIn data. As such, our sample is restricted to
LinkedIn members and is affected by how members choose to use the site, which can vary based on professional, social, and regional
culture, as well as overall site availability and accessibility.
For more information on how LinkedIn collects and reports on salary information, check out our engineering blog.
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