Macmillan Raises Starting Salaries to $47,500
Macmillan Publishers will increase its entry-level base salary to $47,500, effective April 1. Additional adjustments will be made to current salary bands to reflect this change. The previous starting salary was $42,000.
The change comes on the heels of Hachette Book Group's announcement last week that it will increase its entry-level starting salary in New York City and other "high-cost office locations" to $47,500.
HarperCollins and Penguin Random House have starting salaries of $45,000, while Simon & Schuster's base salary rate is $50,000.