Table 17-1 provides data about starting salaries for selected professional degrees; in it you can see that
Question:
Table 17-1 provides data about starting salaries for selected professional degrees; in it you can see that PhD economists are paid less than MBAs. If economists are rational, why are they economists? (Institutionalist)
Transcribed Image Text:
Occupation Physician assistant Dentist Actuarial analyst Management analyst Economist TABLE 17-1 (A AND B) Some Typical Starting Salaries Private or Public Degree Law (3 years) Major firms Small firms Engineering Bachelor's degree $85,000 73,000 50,000 Annual Salary* $160,000 62,500 46,000 44,000 75,000 Secondary school teacher 40,000 Master's degree 85,000 Technical maintenance 24,000 Business Administrative assistant 24,000 Bachelor's degree 45,000 Radio announcer Maintenance and grounds Flight attendant Taco technician 24,000 Master's (MBA) degree (2 years) 90,000 22,000 MD (4 years and 3-year Internship) 135,000 21,000 PhD (5 years) 18,000 In economics 90,000 Retall sales associate 16,000 In humanities 65,000 Sources: Author's estimates based on various sources (pay varies significantly by region). (a) Some Typical Starting Salaries of BAs *These figures are rough estimates based on data from various published sources and informal surveys of author. (b) Starting Salaries for Selected Professional Degrees
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Belford Inc. is a large consumer products company that has operations in Canada and the United States. It has approximately 23 000 employees. This week, the executive team at Belford Inc. is meeting...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Follow the submission instructions for each exercise and ensure that you meet the deadline, use the correct submission process and submit your work to the correct place. For some laboratory tasks you...
-
The programming language is Java and all of the Classes I was given are in bold. ALIEN CLASS import imagePackage.RasterImage; import java.awt.BasicStroke; import java.awt.Color; import...
-
What is the magnitude of the electric field produced by a charge of magnitude 4.50 C at a distance of (a) 1.00 m (b) 3.00 m?
-
Show that the acceleration of a rock that reaches a speed of 40 m>s in 4 s is 10 m>s2.
-
Tennessee law imposes durational-residency requirements on persons and companies wishing to operate retail liquor stores, requiring applicants for an initial license to have resided in the state for...
-
Melissa's Photo Studio offers both individual and group portrait options. The process flow diagram in Figure shows that all customers must first register and then pay at one of two cashiers. Then...
-
Show that the mean square estimate is the mean of the posterior den- sity. Show this by differentiating eq. (13) at the lecture slides with respect to and set the obtained gradient to zero. Now the...
-
Radical economists argue that labor markets are governed by nonmarket forces such as discrimination as well as by the supply and demand for labor. As they see it, poverty and inequality are not...
-
Gloria Steinem pointed out the following: Ive yet to be on any campus where women werent worried about some aspect of combining marriage, children, and a career. Ive yet to find one where many men...
-
In 2014, Edward and Pat Jefferson redeemed $8,000 of Series EE U.S. savings bonds (principal of $5,500 and interest of $2,500), the proceeds from which were used to pay for qualified higher education...
-
Several individuals form Lang Corporation on May 1, 2019. The corporation begins acquiring assets on June 1, 2019, and begins business on August 1, 2019. What is the latest date that Lang can file...
-
Alpha Corporation began business at the beginning of the year. On February 15, George sold his stock to Danny. Alpha files for S corporation status on March 10, but George refuses to consent to the...
-
Damion Corporation begins its first tax year on June 23, 2019. What is the latest date that Damion may apply for S corporation status to qualify as of the beginning of operations?
-
Acme Corporation, a calendar year S corporation, has $100,000 of Accumulated Earnings and Profits. Larry, the sole shareholder, has adjusted basis of $80,000 in stock basis with a $20,000 in...
-
John owns stock in an S corporation. Johns share of the corporations loss for the year is $5,000. His adjusted basis in the corporation stock is $1,000. In addition, John has a loan outstanding to...
-
The half-life of cesium-137 is 30 years. Suppose we have a 100-mg sample. (a) Find the mass that remains after years. (b) How much of the sample remains after 100 years? (c) After how long will only...
-
How can a promoter avoid personal liability for pre-incorporation contracts?
-
1. A firm will continue to operate an unprofitable business if _________exceeds _________cost. 2. Your firm has a total revenue of $500, a total cost of $700, and a variable cost of $600. You should...
-
1. A firm will continue to operate an unprofitable business if _________exceeds _________cost. 2. Your firm has a total revenue of $500, a total cost of $700, and a variable cost of $600. You should...
-
1. A firms short-run supply curve shows the relationship between ________ on the horizontal axis and________ on the vertical axis. 2. To draw a firms short-run supply curve, you need its ________...
-
One The small town of Fort William has only two pharmacists. One pharmacist is Catholic, the other Protestant. side of the town is predominantly Catholic; the other predominantly Protestant. The...
-
A firm requires an investment of $18,000 and will return $25,000 after one year. If the firm borrows $10,000 at 6%, what is the return on levered equity?
-
Hi i needed help with a chapter 8 tax return complrtring the tax from 1040
Study smarter with the SolutionInn App