But couldn’t wait any longer, now that New York has been declared a great place to be in advertising, at least compared to finance, at least according to The Observer, which is here to tell us that we may not need 750k bonuses to afford that apartment in Brooklyn anymore.
Here’s the gist, thanks to one of my new colleagues:
The median entry wage for an advertising and promotions manager in New York City was $63,780 in 2007, not far off from the $76,230 entry-level wage for a financial manager in the same period, according to State Labor Department figures. At $166,400, the median wage for an experienced marketing manager is identical to the median salary of an experienced financial manager, and far better than the $114,120 median wage earned by an experienced financial analyst.
The article then goes on to contrast the massive lay-offs at various financial firms now defunct or sold to taxpayers to the active hiring going on at Avenue A/Razorfish. Find it all here. Maybe now I can get Dick Fuld to run some focus groups for me.
Oh, New York, I do love it.