Seattle, WA (PRWEB) July 20, 2009
PayScale, Inc. today announced its 2009 Education and Salary Report. The research survey, which analyzes the company's database of over 17.5 million unique compensation profiles, provides a critical perspective on the relationship between college selection and both starting and mid-career salaries.
The numbers and trends in PayScale's survey are especially important, given the current rise in unemployment, the length and depth of the recession, and overall anxiety about the economy among consumers and companies.
The PayScale 2009 Education and Salary Report pulls together over 2,000 data points, including salary data for 40 majors, from nearly 600 U.S. based undergraduate colleges and universities. The best colleges survey can be found at http://www.payscale.com/best-colleges.
Some highlights from the 2009 salary report include:
"Our 2009 report shows that a degree from the right college or university in the right major can have huge and lasting benefits, from the start of a career to the mid-point," said Dr. Al Lee, Director of Qualitative Analysis at PayScale. "This is especially important to remember today, when the economic fundamentals are so weak and job prospects are so uncertain. The data we've generated helps explain why some people are able to sustain and increase income over the long term, while others are not."
A note on methodology: All data used to produce the Education Package were collected from employees who successfully completed PayScale's employee survey. Self-employed, project-based, and contract employees are not included. For example, project-based graphic designers and architects, and nearly all small business owners and novelists, are not included. For more detailed salary methodology visit: http://www.payscale.com/best-colleges/salary-report.asp
PayScale.com (http://www.payscale.com) is the world's largest ongoing salary survey. With the world's largest database of individual employee compensation profiles, PayScale provides an immediate and precise snapshot of current market salaries to employees and employers. PayScale's patent-pending, real-time profiling technology collects and indexes employee pay attributes worldwide and makes this compensation data available through its online salary tools and salary benchmarking reports. PayScale was founded in 2002 and is headquartered in Seattle, Washington USA.