SALARIES IN FINANCE

The table below shows the expected average starting salaries for business majors graduating in 1999.  For those students with work experience, annual compensation will be higher.  Source: Job Outlook '99 Student Online Version by the National Association of Colleges and Employers (NACE).
 
 

Projected 2000 Starting Salaries for Business Majors


Average
% change since
 Percentiles
Major
Salary Offer
1999
 75th 25th
 
Accounting $32,991 4.3 35,400 30,000
MIS  38,642 5.2 42,000 35,500
Bus Admin 31,425  4.4 34,000 28,000
Mkt/Mgmt 30,895 4.1 33,000 27,500
FINANCE  34,699  4.1 37,500 31,600

 

The following table shows the results of a survey done for the Association for Investment Management and Research (www.AIMR.com) for established positions in investment management.  Source:  Association for Investment Management and Research and Russell Reynolds Associates, Inc.
 


1999 Investment Management Compensation Survey

 Median Annual Compensation


Investment
Counseling
Banking Securities
Broker
Insurance
Company
Mutual
Fund Mgt
Endowment
& Pensions
$185,000 128,000  185,000 150,000 196,000 104,200
90% Percentile (10% of the sample earned more the amount listed below)
$682,264 365,111 757,108 430,769 814,603 294,400