A fascinating aspect of the NCAA tournament is the diversity of schools
Seattle, Washington (PRWEB) March 16, 2010
For the second consecutive year, Duke University wins the PayScale.com NCAA Basketball Salary Madness tournament. In this year's championship bracket Duke ($104,000.00) defeats Georgetown ($95,100.00).
PayScale, Inc., the world's largest real time online salary dataset, today unveiled its Third Annual Salary Madness in conjunction with the 2010 March Madness/NCAA Men's College Basketball Tournament.
PayScale analyzed the March Madness brackets by typical salaries of graduates from each participating institution and came up with their own March Madness predictions. All salary data used in the 2010 PayScale Salary Madness is from the company's 18.5 million plus real-time salary dataset.
2010 Salary Madness highlights include:
- Schools with higher paid graduates tend to have a better (i.e. lower) seed. This could relate to the idea that better paid graduates might donate more to the school and thus provide more funds for sports programs.
- Teams in the South Region have the highest median pay ($70,800 vs. $68,100 in the East, $66,900 in the Midwest, and $67,600 in the West).
- Lehigh is the highest paid seed 16 team -- beating all other #16 teams by at least $17,000. This enables them to make it to the Top Earning 8 (4th round of the playoffs). All other seed 16 teams are out in the first round.
- Duke is the best paid seed 1 team by ~$40,000. All other seed 1 teams earn a median pay in the mid-$60,000's, which causes them to leave the salary tournament fairly early.
- Kansas doesn't make it past the first round, while Kentucky and Syracuse don't make it past the second round.
"A fascinating aspect of the NCAA tournament is the diversity of schools," said Dr. Al Lee, Director of Quantitative Analysis, PayScale. "From highly selective universities who have graduated presidents (Clinton - Georgetown, Nixon - Duke Law) and captains of industry (CEO Bank of America - Notre Dame, CEO S.C. Johnson & Son - Cornell) to former teacher colleges that have grown into regional universities offering BAs through PhDs and MDs (East Tennessee State, Sam Houston State), March Madness has a broad range of schools represented."
Every day tens of thousands of people take PayScale's salary survey to compare their pay anonymously with their peers and improve their understanding of the job market. PayScale has created the concept of anonymously comparing your salary online - in detail - to other real people with similar individual and job characteristics (e.g., location, company type and size, job, experience, education, skills, and more.) Using an advanced search and proprietary matching technology, PayScale finds a relevant peer group from their data set that matches the user-provided job information. The system allows every user's job profile to be unique and relevant to his/her different job requirements. This creates a level of accuracy that cannot be achieved with traditional methodologies and allows individuals to better understand earning potential
PayScale.com (http://www.payscale.com) is the leading online provider of employee compensation data. With the world's largest database of individual 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.