Is this a fair salary?

Question

I've got a master's degree with 7 years of experience in marketing. I'm currently getting paid $75,000 a year (after tax it comes to just $4,000 a month). I'm recently separated from the spouse & if you were to add the cost of living (for a single person) - the average mortgage is $2,500 per month & that doesn't include other bills!!

What do you think? Is this a fair salary??

ps - the reason I posted this question in this forum is because people here seem mature & give sensible feedback. Thank you!

x2000 · Accepted Answer

Sounds fine to me. The salary is what it is. That mortgage is way too high.

Anonymous · Answer

Your mortgage should not be more than 25 or 30% of your take home pay.  With the crisis in the housing market, you should be able to find something nice for $1,000 to $1,500 a month.

Josephine · Answer

The answer depends upon the qualifications of the person that you hire. What is their education, skills, and work experience? Hiring a multi-lingual westerner with an MBA and several years of relevant work experience costs quite a bit more than hiring an 18-year-old semi-literate farmer who only speaks Chinese. Frankly, if you wish to initiate business in China then you really need to go there yourself. Sending a proxy to evaluate product quality and negotiate terms with a manufacturer is a high risk endeavor. You need to buy a plane ticket and go do the job yourself, unless you wish to risk a complete failure of your venture.

Anonymous · Answer

What country are you in.  If you are in africa I would say it is a great wage, if you are in a first world country, I would say that is an average wage. 

If you are thinking of asking for a raise because your costs are higher now that you have separated, then forget it.  If you ask for a raise it needs to because you have earnt it workwise.

Trending News

Is this a fair salary?

4 Answers