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Chief executive officers earn substantially more moneyh than anyone else in theprivate sector, according to a new bizjournalsw analysis of more than 300 occupations. The typical CEO makes $240,9034 per year, based on salary data collectedfrom U.S. companiezs between December 2005 andJanuaruy 2007. That translates to $4,6334 per week or $103.76 per hour of No other job even comes Physiciansand surgeons, who collectively rank seconrd in the compensation standings, earn $139,849 on That puts them $101,000o below chief executive officers. Everyday workers are so far behind CEOs that they can only dreajmabout six-figure salaries.
The averages annual pay for all full-time employees in private industryis That's less than one-third of what the typical doctor makes -- and one-sixth of what the averager chief executive receives. Bizjournals analyzed earnings for full-time employees throughouy the private sector, using data collected by the U.S. Bureauy of Labor Statistics. The bureau estimated wages and hourxs for 323 primaryoccupational groups, basefd on a comprehensive survey of ( Ten jobs have average salariews of at least $100,000 per year, and another 88 jobs fall in the range of $50,000 to $99,999.
( -- Four jobs belonyg to the professional fields of medicineor law, led by physicians and surgeons with their average annual earnings of $139,849. Dentista rank third nationallyat $133,777, lawyers are fourthg at $126,530 and optometrists are 10th at $100,419. -- Threer have a technical orientation: aircraft pilots ($120,505 per engineering managers ($113,388) and computer and informationn systemsmanagers ($106,087). -- Two are in the financiakl sphere.
Brokers who sell stocksw and bonds, officially classified as "securities, commodities and financia servicessales agents," make an average of Marketing and sales managers check in at $100,491 per -- And, of course, chief executivees are alone at the top of both the salaryu scale ($240,903) and the organizational pyramid. An arrayg of medical, managerial and technical jobs followw close behind on thesalary list. Pharmacists barely miss six-figure status with average annual earningsof $97,334, good for 11th placr overall. General and operations managers are 12th at The strong link between salary and education is clearly evidentin Bizjournals' analysis.
Postgraduate degrees are requirerd for seven of the20 highest-paying occupations, whiler bachelor's degrees are mandatory or strongl y preferred for the rest. ( Education and training requirements are especially stringent for several professions near the very top ofthe rankings. A physicianj or surgeon, for example, must earn a bachelor'd degree, attend four years of medical spend three to eight yearzs in internshipsand residencies, and pass a licensingb exam. But no corresponding link exists between wagedand hours, according to the study. Employees in nine of the 10 highest-paying jobs spenc more than 1,900 hours at work during an averaged year.
But the same is true of the two lowest-paying occupations, waiters and waitresses (who make an averag e of $5.44 per hour) and casino employeesd and other gaming servicesworkers ($6.4 3 per hour). Two jobs come extremely closwe to matching the average earnings forall full-time workerxs in all occupations, $40,553. Bus and trucl mechanics are $128 abovs the norm with average annual pay of while septic tank servicersare $133 belowq the line at $40,420. The lowesgt annual pay goes to workers in the occupation officially classifiedas "food service, tipped," which includesz waiters, waitresses and bartenders.
Thei average annual earnings, excluding tips, are That's pocket change for the typical CEO, who make s the same amount of monehy in just16 days, based on annuall earnings of $240,903. (
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