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What does it mean to be paid in the lower percent of a salary?
When looking up salary information on http://www.bls.gov/oes/current/oes271024.htm what does the percentile ranges mean? is the lower 10% like an entry lever salary, or would it be someone with no or little education? I'm getting ready to graduate and want to be prepared for a job offer.
I will have a BFA in Graphic Design
4 Answers
- ?Lv 56 years agoFavorite Answer
The 10th percentile ranking tells you, out of all the people working in that particular job, w/ all levels of experience, and all locations, that a particular salary is exceeded by 90% of the workers. Put another way, that salary is almost at the bottom of the pay range for that job; you'd be making more than only 10% of the workers.
Why is it so low? As you suggested, it's people w/ minimum experience, living in low wage locations, and working for small employers who cannot afford to pay as much as larger companies. It is however a statistical calculation intend to be used as a guide, not an absolute pay rate that you can expect.
- ?Lv 76 years ago
The lower range are normally for entry level employees who have just graduated from college and have no significant experience yet to ask for a higher rate.
You can also see this lower to upper salary ranging through the site PayScale, see http://bitly.com/Y115CQ .
- Anonymous6 years ago
If the salary is in a band, you are getting nearer to the lower limit than the higher one.