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Professions in which women earn more than men

Professions in which women earn less than men

The 25-55 age group earns more than the 55+ age group

Highest entry level jobs (under 25)

What Is Median Salary?

Median

A median wage is a number that takes into account several wages and arranges them in ascending or descending order. The median salary is the salary that is in the middle of the sorted salaries. So if you see a median salary, you can be sure that half of the indicated salaries are lower and half are higher.

The exact middle number in a list is called the median. For example, the median of a sorted list of numbers 2300, 2400, 2500, 2600, 2700, 2800 and 6000 is 2600 because half the numbers are lower and half are higher.

Mean

Mean wages are calculated by summing up all of the salaries on a list and dividing by the number of salaries on the list. This is important to remember while examining wages, since it implies that extremely high and extremely low incomes are weighted equally in the final average. When data includes a few abnormally high or low wages, mean salary reporting might be misleading.

Rather of looking for the middle number in the list, the mean is calculated by using additions and division. For example, to calculate the mean of 2300, 2400, 2500, 2600, 2700, 2800 and 6000 add them all together to get 21300. Divide them by 7, which is the number of entries on the list, and you get 3042.85.