Sunday, December 04, 2011

A criticism of salary surveys and studies

A criticism of salary surveys and studies like the one in my previous post is that they probably mislead the reader by implying causation from correlation. People who have various graduate degrees and certifications probably make more money because they out perform their colleagues in may other ways, not because they have another degree or are certified. In any case, I still agree with Simon's, a master's of accountancy and a professional certification are both in the "you're crazy if you don't get them" category.

Schiffel, L., K. A. Smith and D. L. Schroeder. 2011. IMA 2010 Salary Survey: How's that recovery workin' for you? Strategic Finance (June): 26-46.
http://maaw.info/ArticleSummaries/ArtSumSalarySurvey2011.htm

Simon, C. C. 2011. R.O.I.: Is graduate school worth the investment? The New York Times Education Life (July 24): 18-19.
http://maaw.info/ArticleSummaries/ArtSumSimon2011.htm

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