The Average Salary for a Managing Editor
- Managing editors are generally responsible for supervising the content of a magazine, newspaper or online information source. They may contract with writers for content and hire and supervise copy editors and proofreaders. In magazine and book publishing, the manager often coordinates with the design and print staff to ensure a cohesive voice and style for the publication. Editing work may include developmental editing, such as working with authors on the content of a story, as well as copy editing and proofreading if these positions are overloaded with work.
- Many factors influence a Managing Editor's salary. Men tend to average approximately $7,000 more per year than women, as of 2008, while a post-graduate degree will earn you approximately $8,000 more per year than a bachelor's degree. Age is also a factor in editorial salaries, with editors over 40 making $63,000 annually while younger editors average $48,500. However, this may be due more to experience level than simple age, as editors with over 10 years of experience can make up to an average of $20,000 more per year than those with two or fewer years of experience.
- The location of the company a managing editor works for can heavily influence her salary. New York City managing editors average close to $6,000 dollars more per year than their non-New York counterparts. Midwest managing editors average the lowest salaries, at $49,000 per year as of 2008, while Northeastern, Southern and Western editors all have average salaries in the mid-$50,000s. Company income is also a determining salary factor. Companies with under $3 million in annual revenue tend to pay their editors approximately $48,700, while companies taking in over $10 million pay $56,800, on average.
- In the 10 years between 2008 and 2018, the U.S. Bureau of Labor Statistics (BLS) expects the employment opportunities for editors to drop slightly. The loss of 400 editorial jobs over a decade represents less than 1 percent of overall U.S. editorial positions. As of 2010, managing editors working on Internet and new media publications averaged a slightly higher pay than editors in traditional media, as of 2010, according to Payscale.
- Managing editor positions generally require a bachelor's degree in journalism, English or communications. Training or experience in design and layout for print-based editors and web programming and content management for online editors can be an asset. Advanced degrees in communications, English, journalism or topics specific to niche market publications can increase your pay potential, but hands-on experience may be more valuable. Many managing editors begin as copy editors or proofreaders and work their way up to management positions.
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