What do you suppose the median income of Styleform members is?

[otc]



He said professional degree (which I take to mean a graduate professional degree like a JD, MD, MBA, etc...). If he did, I would expect the median to be higher than $100,000/year.

100k was a wikipedia cite although I questioned the veracity of the figure (since unlike the other figures on the page, which were all odd numbers, they quoted it as exactly 100k)...but I did not bother checking the wikipedia source.

And I think most people include MBA in the professional degree category (it certainly isn't an academic masters degree)

 

[OinkBoink]

Quote:

Oh, we're counting MBAs as professional degrees now?

Now? Have they ever not been considered professional degrees?

 

[gladhands]

I've always thought of professional degrees as those required for entry into profession, e.g.; MD, JD, DVM, DDS, MS in Pharmacy M.Arch, etc.

 

[OinkBoink]

Quote:

100k was a wikipedia cite although I questioned the veracity of the figure (since unlike the other figures on the page, which were all odd numbers, they quoted it as exactly 100k)...but I did not bother checking the wikipedia source.
And I think most people include MBA in the professional degree category (it certainly isn't an academic masters degree)

I think "professional degree" is a pretty malleable term. When someone mentioned it, I assumed he meant a JD, MD, MBA, graduate engineering degree, graduate finance degree, etc... Just because those are the types of program the term is associated with. Technically, an undergraduate nursing degree is a "professional degree", but I don't think it's commonly regarded as one.

In 2006, according to Forbes, the median MBA signing salary was $95,781 with a signing bonus average of $17,511, putting total first year income (ignoring bonuses) into 6 figures. JD's and MD's earn more. And we're talking median income overall (not first year income).

But we digress. The purposes of my question was my honest confusion. Nearly everyone I work with at least makes 6 figures and most have made a pretty big dent into the 6 figure range. But I don't know that anybody really spends quite as much as is suggested as "normal" (or maybe it isn't) on this forum. So my question was really posed in seriousness: whether the inhabitants of this board are incredibly wealthy or whether they just have a really peculiar interest in what might be considered by most to be prohibitively expensive clothes. Based on what others have said, it seems to be the latter.

 

[patrickBOOTH]



What what the median be if you eliminated the lower three quartiles?
Thanks.

$15 Million, or something I am sure. Apparently to be in the top 5th percent you need to make somewhere around $175,000 per year. The top 25% you are competing with the dudes that make like $50 million a year.

Edit: And yes, I said "dudes".

 

[patrickBOOTH]

I think everybody is ignoring lower case sigma. That's the measure of risk people! Risk!

 

[unbelragazzo]



they just have a really peculiar interest in what might be considered by most to be prohibitively expensive clothes. Based on what others have said, it seems to be the latter.

You're on an internet forum devoted to clothes and style. What did you expect? Do you go to a car forum and expect to find people who don't have a peculiar interest in expensive cars?

 

[OinkBoink]

Quote:

I've always thought of professional degrees as those required for entry into profession, e.g.; MD, JD, DVM, DDS, MS in Pharmacy M.Arch, etc.

You may be right. After all, there is such a thing as a "professional MBA" program. That would be redundant if an MBA were already considered a professional degree...

 

[patrickBOOTH]



Quote:


You may be right. After all, there is such a thing as a "professional MBA" program. That would be redundant if an MBA were already considered a professional degree...

How about the "executive" MBA?

 

[OinkBoink]

You're on an internet forum devoted to clothes and style. What did you expect? Do you go to a car forum and expect to find people who don't have a peculiar interest in expensive cars?

I wouldn't describe it as an "interest" so much as a "standard".

 

[mcbrown]



So my question was really posed in seriousness: whether the inhabitants of this board are incredibly wealthy or whether they just have a really peculiar interest in what might be considered by most to be prohibitively expensive clothes. Based on what others have said, it seems to be the latter.

In most enthusiast groups, the members of said group will spend more than the general population on the object of their enthusiasm. Car enthusiasts spend more on their cars (either because they buy more expensive cars, or they buy a greater number of cars, or they buy more "interesting" cars that require more maintenance than a Camry or other rolling appliance, or they invest in tools to work on said cars, etc.). Audio enthusiasts spend more on their audio systems. Baseball enthusiasts spend more to attend games than non-enthusiasts. Etc., etc. Higher disposable income is helpful in supporting any of these habits, but they can also be supported to some extent by prioritizing and reducing spending in other areas.

 

[OinkBoink]

How about the "executive" MBA?

It's executive-y.

Come to think of it, though, an MBA with a major or concentration in accounting would qualify you to sit for the CPA exam. So wouldn't that meet the more stringent definition of a professional degree?

 

[foodguy]



What what the median be if you eliminated the lower three quartiles?
Thanks.

interesting proposition. i'm in. how do you propose we do it?

 

[patrickBOOTH]



 


It's executive-y.

Come to think of it, though, an MBA with a major or concentration in accounting would qualify you to sit for the CPA exam. So wouldn't that meet the more stringent definition of a professional degree?

Oh, I have no opinion. I just know the thing exists. But can't anybody sit for the CPA exam?

 

[F. Corbera]

[cough]