The salary data and weighted salary figures are standardised by conversion to US dollars using Purchasing Power Parity (PPP) rates estimated by the World Bank. PPP rates reflect the cost of standard goods in each country. By applying PPP rates to the alumni salaries, it is possible to measure and compare respondents’ purchasing power and the standard of living enjoyed within their own countries (all standardised to US dollars). Extraordinarily high salaries are omitted before calculating the averages, as well as salary data from alumni working in the non-profit and public sectors and from students.
not really the salary you earn |