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From 퀸알바 this chapter, you will learn about the political campaign organizational chart, different types of jobs in a political campaign, and salaries for staff members in political campaigns. This article will cover how nonprofits pay their employees, what you can expect to earn in a nonprofit, and who makes decisions on salaries. That article was the foundation of what the role of the board is, but we are going to specifically go into more depth about the compensation for directors here.

One of the main purposes of the board is to set salary for an executive or CEO. Compensation for the role is likely to be more than just salary, so the board of directors will also define what benefits and bonuses they will offer in order to attract the best-qualified candidates. This is a lot more than a 9-5 job, and salary ranges are higher in order to compensate CEOs for the additional efforts. Average salaries vary by job title, and there is a range in each that pays workers.

On average, you can expect to earn about $150,000 a year, with about two-thirds of that $150 or so coming from base salary, and one-third coming from bonuses. That is a lot of money, especially because bonuses easily amount to 1-2 times salary in a typical year. Stub bonuses are typically lower than the year-one base rate — about 20% to 30% of your normal salary. The year with the highest bonuses was 2007, when average bonuses were about $180,000, above the median base salary of $120,000 – $250,000.

Today, analysts straight out of college earn $80,000 base salaries with first-year bonuses of much more than $25,000 upon joining large firms. Meanwhile, base salaries for investment bank analysts in London are about $50,000 to PS60,000 ($67,125-$80,550) a year, with overall compensation between PS80,000 to PS120,000 ($107,400-$161,000).

The average investment banker earns $157,000 a year, with an average of a little more than $75 an hour. The salary of a vice president in investment banking is $200,000 to $400,000 a year, bonuses included. The average investment banker earns over $150,000 a year, and CEOs at some of the largest institutions earn tens of millions.

Location is crucial when it comes to pay rates, and nearly all investment banker salaries are tied to demanding workloads. An investment bankers salary depends on a number of different factors, including location and role. Nonprofit salaries can vary depending on an employees role, but an organizations size can be more of a factor. As you read more about the following positions in the nonprofit sector, you will see how the size of the organization may shift the pay scale, even if duties and responsibilities are similar or smaller.

As the founder, you and your team typically will have several forms of compensation besides salary, especially equity. If you came out of a job where salary compensation was higher, maybe you thought this would carry over to your start-up.

As your company grows, the odds of success and stability improve, so the founders may want to raise the compensation for themselves during this time. The more you grow, the greater the likelihood you can extract salary from your company. Then, over time, and the business becomes more successful, your salary number becomes up for debate with investors about what they think is fair compensation (more on that below).

If you do not have revenue or cash in the bank to be able to afford a salary right away, you will have to raise money before you can begin taking salary. The first thing that you will want to look at when determining whether or not you can afford a paycheck is your companys cash flow. You calculated (using your new cash flow) that you could hire two employees, and given other business expenses that you calculated, there is enough cash available to pay you and your fellow co-founders salaries. If the valuation of your business is under PS2,000,000, the founders salary that you would expect to be working for would be about PS25,000.

Nonprofits are required to publish salaries of their executive director and top paid staff, so that gives you an excellent place to start when it comes to negotiating salaries. The salaries data on Glassdoor are an average, based on anonymous reports voluntarily shared by current and former employees. These numbers do not include PE portfolio firms, which typically pay far more, and venture capital firms, which generally do not pay directors in cash compensation–most are usually internal.

Independent Lead Directors and Board chairs make $13,200 to $20,000 extra a year, and Committee chairs are typically paid another $5,000 per year. When I left in 2012, the median director-level salary was $250,000, while the managing directors pay was between $400,000-$45,000. To reach higher pay, one had to move up the company ladder to a Vice President or Director, whose compensation routinely exceeded $1 million per year.

A managing director is a wise hire if you are running in a medium-to-large-scale race (e.g., Congressional, state-level, and major state legislative races) where using time for yourself or your campaign manager for helping volunteers on jobs such as door knocking becomes unwise.

If you are running a larger campaign, your field director would be responsible for managing the field organizers, who are working with volunteers and interns on implementing the voter contact plan. Political directors are responsible for expanding your campaigns outreach and base of supporters. While the Campaign Manager will work closely with all departments, a Political Director will work mostly with the Communications Director to build opportunities in earned media, and the Field Department to help design better targeted strategies to engage voters. The communications director will also work with your consultants to make sure that your campaigns brand and message are consistent across all media outlets (TV ads, digital marketing, mailer campaigns, etc.