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| *Ostroff, Fair and Company>>>Marketing & Sales |
Is $70,000 a decent salary? Marketing Director!? |
Small company, 24, only a handful of VP's, COO hired me, that's how small. 18% addition compensation (Full Health, 401 and room for growth. Won't oversee a staff = team effort. Single, roommate so my portion of rent is $780 for townhouse in Pasadena. Its in the Music Business and commute from Pasadena is only 15 minutes, no drive to Santa Monica, plus its in a technology (software/music) that will grow (iPhones, Streamiline, TelCom, 3G), so its a business that will not only grow but the experience skill sets should grow and become part of existing Music companies in the future, i.e., its experience that will exist with every company sooner or later. They are one of the first. Have still to sign the deal. Saw the taxes and am not sure if I should seek the $77100 which brings me to the top of the 25% Federal before going to 28%. Also 49 weeks. 3 weeks PAID Vacation. Thanks! No debt, just a bit of catching up with rent, and a few bills, (which are split with roommate) Debt owed <$5000.00 $70K...as a Marketing Director? It's hard to say without more information. Is the company profitable? How many years of experience do you have? How many of those years have been in this field? Do you manage a large budget? Do you have a graduate degree? If you only have 4-6 years experience, it's not bad it could be a little higher but it is a small organization (so not bad). If you have 10 years experience then this is very low for a Marketing Director. Right now I've been seeing most Marketing Director level jobs in the $90K to $140K range, "dependent" on having 8-10 years of experience, at least 1-3 direct reports and at slightly larger organizations. What also makes a difference is what type of Marketing Director..."field & events marketing" can skew lower, "partner marketing / online marketing / brand marketing" tend to lean a little higher. If you only have 4-6 years experience grab this role, try to get the $75K or slightly better, hang for 1-2 years and then keep an eye for something in the $100K+ range. Especially in digital media and as platforms continue to converge...this continues to be a hot market. Several years ago I was in a similar situation and same field (digital media and in LA). I took the role and it has paid dividends many times over. Regarding the tax concerns, if you work with an accountant he would like to include some deductions at the end of the year which could ultimately bring your "net" income below the tax brackets you note above...and skew your assumptions and math way off. So don't focus on that too much...but I urge you to consult with a tax specialist or CPA for advice. Hope this helps. |
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