In its upcoming issue, Publishers Weekly releases an annual salary survey, capturing the state of the publishing business – in dollars as well as diversity. According to Andrew Albanese, PW senior writer, the report for 2018 finds news to cheer as well as to disappoint.
“A consistent theme of our annual salary survey is that change is needed in the publishing workforce. Change is coming, this year’s results do show, but very, very slowly.”
For 2018, the average annual salary for men in publishing rose slightly to $87,000. However, the average annual salary for women is only $60,000—a $27,000 gap. The good news is that gap actually closed a bit from last year—by just about $1000.
“Women also closed the pay gap in the management ranks—the most lucrative job area—by $3,000. Also according to the survey, 59% of management jobs were held by women in 2017, up from 49% in 2016. But in editorial, where women have tended to fare the best on the salary scale, men out-earned women $77,000 to $55,000,” Albanese reports.