Estimating salaries by comparing job ads »

This is clever: job classified aggregator Indeed estimates a job’s salary when it lacks that data by comparing the text to ads that do have a salary posted.

When people search for jobs, they want to put in a salary floor. They don’t want to see jobs that don’t at least pay a certain amount. Problem is most job listings on the Internet don’t include salaries.

What Indeed did was built a system that estimates salaries on all jobs.

We use a proprietary methodology based on an analysis of similar job listings that include salaries. We start by extracting salaries from all job listings containing this information - about a fifth of the total - and then estimate salaries for the rest.

Example: CFO jobs in NYC that pay more than $200k per year