Let’s say your name is Robert. Maybe you should go by Bobby at work? Check that — why not Bob instead? According to a recent report released by TheLadders, the shorter the name, the better (when it comes to your wallet, that is).
Upon analyzing the first names of the site’s six million members against factors such as industry, salary level and location, their experts concluded a correlation between the number of letters in a name and actual salary ranges.
So, if you want to go by Bobby instead of Bob, it’ll cost you about $7,200. Here’s why: Every letter added to a name decreases a salary by $3,600. This could equate to almost $288,000 over a 40-year career for dear ol’ Bobmeister! Read more