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Salary Differences Industry vs Location Explained

Name: Salary Differences Industry vs Location Explained
Uploaded: 2024-11-30T17:34:00+00:00
Duration: 53 s
Channel: Henning Schwinum
Description: A short YouTube commentary (by Henning Schwinum) explaining that industry and location strongly influence salary benchmarks. The speaker contrasts a…

30 Nov 2024 · 1 min

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0:53

A short YouTube commentary (by Henning Schwinum) explaining that industry and location strongly influence salary benchmarks. The speaker contrasts a Chief Revenue Officer (CRO) at a Bay Area tech company (cited at $500k–$600k on-target) with an equivalent sales role at a Midwest construction firm (cited at about $200k), noting a roughly 2x–3x difference driven by industry and geography.

Questions this video answers

$500,000–$600,000 on target per year.

About $200,000 per year (speaker says "maybe $200,000").

Approximately 2x–3x difference.

Chapters

Industry and location are two really big factors. And they are big because clients use them as a benchmark. Clients will say, well, what would the equivalent full time role cost me? What would I have to invest? So that's why. And that's largely driven by industry and location. The prime example I always use is that if you look at a CRO for a tech company in the Bay area, they make 500, $600,000 on target a year. The same function is called a sales manager for a construction company in the Midwest. And that role makes maybe $200,000 a year. It's a 2x3x difference just based on industry and location.