The average entry-level salary for publishing employees at the Big Five trade publishers and Scholastic in New York City is now $47,583, up from a pre-pandemic level of $38,583, according to a recent Publishers Weekly survey.
“The 23.3% jump came during a period when consumer prices rose 12.4%, according to the U.S. Bureau of Labor Statistics,” notes PW senior writer Andrew Albanese.
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“Publishing industry salaries have been an important issue in the wake of the pandemic, and most of the major houses appear headed in a better direction,” he tells me.
According to publishers polled in this survey, median compensation for staff with less than five years’ experience was $46,000 for editorial, $48,000 for sales and marketing, and $61,500 for operations and production.