How to guess salaries better
- Start from the middle: the median for all US jobs is about $51,000 a year, or about $24.50 an hour.
- Use the education clue. Jobs that need no formal education mostly pay $30,000–$40,000; a bachelor’s degree usually means $70,000–$130,000; a doctorate or medical degree can mean $200,000 or more.
- Supervisors and managers earn more than the people they lead, often by 30% to 60%.
- Skilled trades with an apprenticeship, such as electricians and elevator installers, often pay more than people expect.
- Jobs where tips make up much of the pay show low medians, because cash tips are often not fully counted.
Use it in class or at work
Salary guessing is a quick way into careers lessons and pay-negotiation training: put a job on the screen, let everyone write down a guess, then reveal it and talk about why it pays what it does. For a contest, everyone plays the Daily 5 and compares totals. To practise the opposite skill, comparing two jobs, try “Which job pays more?”.