Is 50K a Year a Good Salary

Is 50K a Year a Good Salary When choosing a job or a career path, you will consider numerous different factors, including your interests, abilities, strengths, degree and highest level of education completed (e.g. bachelors degree, associates degree, and so on), whether the parteicular job field is growing or declining, and many other details. Income is, of course, another very important consideration for most people.Is $50k a year considered a good salary? What are the factors that would determine if it is a good salary or not?The zentralwert weekly earnings for full-time workers were $854in the fourth quarter of 2017, according to the Bureau of Labor Statistics (BLS), which translates into an annual median salary of $44,408, says Jill Gonzalez, an analyst at WalletHub. As such, a $50,000 salary would be above the national median and a pretty good salary, of course, dependent on where one lives.Thats good news for people making an annual salary of $50,000 or higher. So, now that you know $50k is more than $5,000 higher than the national median salary in the United States, what are some other factors to consider when determining whether or not to accept a job offeror simply gauging how well compensated you are and how you are doing in your career?1. Location and cost of livingLocation, location, location. The cost of living varies dramatically from city to city, state to state, and even part of the country to another part of the country. So, ultimately, it does matter where you live. Many employers know that and will take your location and the location of the office into account when offering you a compensation package.Comparing locationsFor example, San Jose has the highest average starting salary at $65,292 (adjusted for the cost of living), while Brownsville has the lowest starting salary at $21,336, Gonzalez explains. When looking at salaries at the state level, Massachusetts takes first place with an average annual starting salary of $43,644, and Idaho has the lowest salary at $24,816, she says.The wages for a particular job can vary greatly depending on the city. For example, according to Diane Domeyer, executive director of The Creative Group, the midpoint starting salary for a graphic designer is $54,830 in Nashville, TN $59,400 in Dallas, TX $65,340 in Seattle, WA $70,740 in Los Angeles, CA and $75,870 in New York, NY. This is generally because the cost of living varies so greatly from area to area.This variation isnt unique to a particular industry. According to the BLS, meeting, convention, and event planners earn an annual mean wage of $48,290, but they earn $47,030 in Denver, CO, and $72,120 in San Francisco, CA.What cost of living variation means for youCost of living varies significantly throughout the country, so many of the discrepancies you will see for equivalent lages in different locations reflect that.Housing, transportation, and food are often the biggest expenses in your budget, according to Pamela Capalad, Certifi ed Financial Planner and founder of financial planning business gabelfrhstck Budget. It is possible, for instance, to get by with a $50k salary in NYC, but you may have to share an apartment with roommates, live farther away from your job, and say no to certain social engagements.On the other hand, if you live in a town or city that costs less, Capalad says you would get far more for your money, and you would not have to limit yourself as much. A $50k salary will go much further in less expensive cities and youll likely have to make fewer compromises when it comes to housing, transportation, and food.Still, you should keep in mind what matters to you. There may be fewer opportunities or attractions in a more rural area, while the price of living in a bustling city may require you to cut back on other comforts. There are probably going to be pros and cons to whatever decisions you make, so it really comes down to your personal priorities and goals.2. Total compensation packageYour t otal compensation includes much more than just your wages There are also benefits to consider. Thats why the total compensation package your employer offers you is another factor to consider carefully when gauging the quality of your salary (in this case $50,000 per year).Some benefits to consider might include Health insuranceHealth insurance is an expense with which employers can help significantlyand many do. The extent of the support they offer varies by the type, size, and other qualities of the employer.According to a 2017 Kaiser report, in firms with a high number of low-wage employees, companies pay 77percent of the premium costs for single coverage and 63percent for families on average. However, the national average for employer contributions is 82percent for single coverage and 72 percent for family coverage.Health insurance is expensive, so if your employer is covering a large portion of your plan, the savings can really add up. Comparing the potential employers health pl an to Kaisers data can help you determine how advantageous the particular companys plan would be for you and your family. Additional education or tuition assistanceAnother benefit your employer might offer is tuition assistance for employees looking to further their education. If you plan on going back to school, tuition can be a significant expense.However, EdAssists Annual Review of Employer Tuition Assistance Programs reveals that 60 percent of employers offer some sort of tuition assistance to workers. The average amount of employer awards is around $5,250 for undergraduate education and $8,000 for graduate school. Retirement tools and planningAccording to the National Institute on Retirement Security, the median retirement savings amount for Americans is just $3,000. Your employer might offer plenty of job perks that help with this and more.For instance, if the employer offers a matching 401(k)contributing as much as you do to your retirement savings up to a certain percentage of your paycheckthis can help increase the amount you are able to save for retirement and will benefit you in the long run.3. The highest level of education completedThe highest level of education you have attained and the degree you have earned (high school diploma, bachelors degree, masters degree, doctorate, and so on) is also a factor in determining what constitutes a good salary. Often, the more education you have, the higher you can expect your salary to be, although field and industry do play a factor some fields may require a doctorate, for instance, while others may be satisfied with a bachelors degree and do not vary salary for a given position based on the degrees you have attained.Based on information put forward by BLS in 2016 (the latest year with available data), workers with no high school diploma earned $504 a week ($26,280 per year), explains Gonzalez. Workers with at least a high school diploma earned median weekly salaries of $692 ($36,082), while bachelors degre e holders earned $1,156 per week ($60,277), Gonzalez says.Speirs agrees that the level of education you have attained would make a difference in many cases. For example, if a master of accounting graduate welches offered $50,000, I would raise an eyebrow, she says.However, Speirs also says that salary expectations should be based on what the market is paying for that position. Some positions in particular fields pay more than others. For example, according to the BLS, the median pay for accountants and auditors with a bachelors degree is $69,350. On the other hand, interpreters and translators with a bachelors degree earn a median pay of $47.190.4. Company/IndustryAs weve discussed above, the nature of your industry plays a strong role in determining what you can expect your salary to be as well. The type of company for which you work also plays an enormous factor in what determines how good a given salary is. Companies can vary by size, and they can be corporate (for profit) or non profit.For-profits vs. nonprofitsAs a general rule, larger, for-profit companies tend to pay more than smaller nonprofits. For instance, if this was a position as a manager at a small nonprofit in NYC, $50k is most likely the higher end of the average youll see offers forand in this case, $50k is a good salary, Capalad says.Here is another example According to the BLS, public relations specialists earn a mean annual wage of $67,990. However, in the radio and television industry, they earn an average salary of $55,400. Public relations specialists working in colleges, universities, and professional schools earn $59,010. In the software publishing industry, they earn $92,250. That means the salary for two people with the same title and similar job responsibilities in different industries could vary by as much as $40,000or even more than that, depending on the position and the different industries you are considering.Amount of job competitionAnother industry-related factor to consider is the number of people in that sector who perform the same job. For instance, substance abuse and behavioral disorders counselors earn a mean annual wage of $43,300. The highest percentage of them (approximately 22,250 individuals) work in outpatient care centers and earn $42,140. However, those who work in junior colleges earn $73,050but only 30 substance abuse and behavioral counselors work in junior colleges That means that in sectors in which your position is not well-represented, you and your skills could be in high demandand you will be paid accordingly.That is why Capalad believes its important to research average salaries for the type of position youre looking for. There are also concessions to make on your end when it comes to accepting a salary that is lower than what you would be paid for in a similar job, depending on how much you like the company and the potential growth trajectory of the company and your role within it.Is $50k a good salary? The bottom lineIt is possi ble to get paid well for a job you hate and not be compensated as well as youd like to be for a job you truly love. You just have to think about your priorities. For instance, some people relish the thought of living in New York City, so much so that they are willing to living a tiny, closet-sized apartment, while others would be miserable with this sort of lifestyle change.Of course, if you have children or other family members that require assistance, you will need to factor in expenses related to their care when evaluating your compensation packages.Consider, too, that your starting salary in an industry or company most likely isnt going to be your ending salary. Entry-level positions are at the lowest end of the salary scale, and as you grow in your role, receive promotions, and perform new responsibilities, youll receive more compensation. So factor in how quickly people tend to get promoted and what the salary jumps tend to be at a prospective employer as well.Making it workUl timately, in order to accurately assess how much money you need to cover your expensesand what constitutes a good salary for youits a good idea to map everything out.One of the most important things professionals need to do when theyre contemplating how much of a salary they need to live on is to create a budget, says Brie Weiler Reynolds, senior career specialist at FlexJobs. It doesnt have to be exact, but you should have a good idea of where your money goes every month. Without this, youll never know exactly what enough to live on means for you.---Terri Williams is a business, higher ed, tech, and ethics journalist with bylines in The Economist, USA Today, Yahoo, Robert Half, U.S. News World Report, About.com (dotdash), and Business.com. Follow her on TwitterTerritoryone.

All About Writing a Resume for a Beer Bottler

All About Writing a Resume for a Beer Bottler If dont have any experience in customer support, no issue Therefore, its crucial you do not waste a word in your cover letter, that needs to be carefully tailored to every organization you apply to and endeavor to convince the recipient that youre the perfect candidate. You dont need to be a computer genius to create great customized products on Bottle Your Brand. Things You Wont Like About Writing a Resume for a Beer Bottler and Things You Will Therefore, employers search for particular skills in prospective employees. The majority of them have exactly the same content, skills and qualifications. Its essential to note that having a whole lot of experience doesnt always make you the very best candidate. The 30-Second Trick for Writing a Resume for a Beer Bottler Finally, be certain the resume is not overly lengthy. Because bars and restaurants are so unique and provide various fashions of drinks and service, its critical to be descriptive about your prior experiences. Whatever They Told You About Writing a Resume for a Beer Bottler Is Dead Wrong...And Heres Why ur resume builder provides you with tips and examples about how to compose your resume summary. In case you have any particular questions on formatting or content, dont hesitate to ask below Youre offered a dozen basic templates to choose from, with the capability to preview each one (in another window). In the end, on the previous screen its possible to decide on a template for your bloghow it will look. Frequently, the very first mistake job seekers make is a failure to comprehend the use of the employer. Be certain your statement aligns with the work description. Bear in mind which you will want to bring some details so the hiring manager gets a better idea of what you could do. Writing a great bartender resume is the initial and most significant step in getting your foot in the door for a bartender at your nearby bar, pub or nightclub . An excellent cover letter is essential to your job search. A great objective is going to keep the employer reading. There are a lot of best practices incorporated into the expert bartender cover letter sample you should include. Another way of describing the bar is to incorporate the info in a cover letter. Coca Cola has continued for a lengthy time to delight in a major part in the soft drinks market on the planet. While the majority of us love beer, few people know precisely how its made. The sorts of bottles utilized for bottling beer in the first days would have become the common heavy glass black glass utilitarian bottles of the era that were used for assorted zerflossen products. Another thing to keep in mind while tasting beer is that you were given the chance to write about beer. Writing a Resume for a Beer Bottler It can be difficult to land a position for a bartender in a competitive job marketplace. Its better to go through your bartender job description an d highlight all the abilities and experience about the job which you have. The job title youre applying to. Then you need to have the very best bartending resume out there.