[terry]

[quote author=terry link=topic=8245.msg66110#msg66110 date=1377051800]
What's the methodology of payscale.com? Is it based on people self-reporting their salaries on the payscale.com website?

Yep, and I'm sure that people who self-report salaries are a highly non-representative sample.  Moreover, that's only one of the problems with the data.  Another big one is that they only include people who don't have a graduate degree, and who are full-time private-sector employees.
[/quote]

I'll bet there aren't many CEOs, venture capitalists, investment bankers, etc. who waste their time self-reporting their salaries on payscale.com.

And excluding everyone with a graduate degree makes the data completely worthless, IMO.

[terry]

[quote author=terry link=topic=8245.msg66110#msg66110 date=1377051800]
What's the methodology of payscale.com? Is it based on people self-reporting their salaries on the payscale.com website?

Yep, and I'm sure that people who self-report salaries are a highly non-representative sample.  Moreover, that's only one of the problems with the data.  Another big one is that they only include people who don't have a graduate degree, and who are full-time private-sector employees.
[/quote]

I'll bet there aren't many CEOs, venture capitalists, investment bankers, etc. who waste their time self-reporting their salaries on payscale.com.

And excluding everyone with a graduate degree makes the data completely worthless, IMO.