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Chief executive officers earn substantially more monety than anyone else in theprivated sector, according to a new bizjournald analysis of more than 300 The typical CEO makes $240,903 per year, based on salary data collected from U.S. companiezs between December 2005 andJanuary 2007. That translates to $4,6332 per week or $103.76 per hour of No other job even comes Physiciansand surgeons, who collectivelyh rank second in the compensationh standings, earn $139,849 on average. That puts them $101,000o below chief executive officers. Everyday workersx are so far behind CEOs that they can only dreakmabout six-figure salaries.
The average annualp pay for all full-tims employees in private industryis $40,553. That's less than one-thirde of what the typical doctormakes -- and one-sixth of what the averagre chief executive receives. Bizjournals analyzef earnings for full-time employeez throughout the private sector, using data collectedf by the U.S. Bureau of Labor The bureau estimated wages and hourss for 323 primaryoccupational groups, baseds on a comprehensive survey of ( Ten jobs have average salaries of at leastf $100,000 per year, and another 88 jobs fall in the rangse of $50,000 to $99,999.
( -- Four jobs belong to the professionak fields of medicineor law, led by physicianss and surgeons with their average annual earnings of Dentists rank third nationally at $133,777, lawyers are fourth at $126,530 and optometrists are 10th at $100,419. -- Threed have a technical orientation: aircraft pilotas ($120,505 per year), engineering managers and computer and information systemsmanagers ($106,087). -- Two are in the financiaol sphere.
Brokers who sell stocks and bonds, officially classifiede as "securities, commodities and financial servicezsales agents," make an average of Marketing and sales managers check in at $100,491 per -- And, of course, chief executives are alone at the top of both the salary scale ($240,903) and the organizationap pyramid. An array of medical, managerial and technicaol jobs follow close behind on the salary Pharmacists barelymiss six-figure status with average annual earnings of $97,334, good for 11th placwe overall. General and operations managerws are 12that $96,777. The strong link between salary and education is clearly evident inBizjournals analysis.
Postgraduate degrees are required for seven of the20 highest-payingy occupations, while bachelor's degrees are mandatory or strongluy preferred for the rest. ( Education and training requirements are especiall y stringent for several professions near the very top of the A physicianor surgeon, for example, must earn a bachelor's degree, attendx four years of medical school, spend thre e to eight years in internships and and pass a licensing exam. But no correspondingg link exists between wageasand hours, according to the study. Employees in nine of the 10 highest-payin jobs spend more than 1,900p hours at work during an averaged year.
But the same is true of the two lowest-payingv occupations, waiters and waitresseds (who make an average of $5.44 per and casino employees and other gaming services workers ($6.43 per hour). Two jobs come extremely closde to matching the averagd earnings forall full-time workers in all $40,553. Bus and truck mechanics are $128 above the norm with averagr annual payof $40,681, while septic tank servicers are $133 beloa the line at The lowest annual pay goes to workere in the occupation officiallyt classified as "food service, tipped," which includex waiters, waitresses and bartenders. Their average annualp earnings, excluding tips, are $10,353.
That's pocket changd for the typical CEO, who makew the same amount of money in just 16 based on annual earningwsof $240,903. (
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