Here is an incomplete translation of the study "Development of wages depending on age." Hamburg, August 2019
Cumulative income of specialists depending on their age in euro gross
Calculation: the average annual salary at the age of 20 is 35 * 812 years = 5 by the age of 179.
Annual salary of specialists depending on age in euro gross
Annual salary of managers depending on age in euro gross
Summary of the result
Specialists earn during their career (aged 20 to 60) 1,8 million euros, and managers 3,7 million euros.
Women leaders at the end of their career (at the age of 60) receive a salary of 92 thousand euros gross. Male leaders - about 126 thousand.
The study is worth it. At the age of 50, the difference in the annual salary of employees with and without higher education is almost 30 thousand euros, in favor of academicians.
During his career, an electronics engineer receives 1,6 million euros, a banker - 2,3 million.
Aged care generates 1,3 million and software development 2,4 million.
A woman in retail makes 1,3 million.
If she starts a family, receives parental allowance and works part-time, she will earn 1,14 million euros.
The work experience of patent engineers has the greatest impact on salary: at the beginning of their career they earn about 50 thousand and after 9 years - more than 97 thousand per year (+ 94%)
The top industry for executives is banking. Here, at the age of 60, you earn almost 180 thousand a year.
For comparison, in the hotel and restaurant industry - about 88 thousand people.
Data
For the study, 216 salary data were analyzed. Almost 711% of the respondents are women and 40% are men.
The average age of male specialists is 38 years, women - 39 years. The average age of male leaders is 46 years, and women - 44 years.
Approximately 3% of women hold leadership positions, compared to 11% for men.
Hack and predictor Aviator
Access to education and knowledge plays a key role in the development of one's career.
Companies are looking for well-trained professionals and leaders. Career opportunities are significantly improved due to in-depth knowledge.
Thus, the best investment is your own education.
This does not only apply to young people. Even after the age of forty, on-the-job training or higher education will bring significantly more income for many years.
The study presents various scenarios in order to show their impact on wages.
Source:
Source: habr.com