The following is an excerpt from TLL’s feature story on compensation. See the complete run-down here, including job satisfaction, hours worked and breakdowns by title.
By Karina Masolova.
According to respondents to The Licensing Letter’s 2016 Salary Survey, all is well for gender parity in licensing. Industry men and women work the same hours and draw the same paycheck, after adjusting for title. See the average salary and bonus by title here. And both genders are equally happy with the work they do; 66% rate their job satisfaction at 7 or higher, where 1 equals not satisfied and 10 equals extremely satisfied.
Although 60% of respondents are women, they occupy a smaller share of the top titles. While 16% of women hold titles of VP and higher, 51% of male respondents claim the same. Two-fifths of female respondents are a director (43%), versus 18% of men holding the same title. And they aren’t lacking in seniority (roughly half of each gender have been involved in licensing for 10 years or more).
A higher percentage of men hold JDs than women (13% of men vs. 2% women), but otherwise educational level is equal across the board.