Another year is behind me. Twenty-Fifteen was interesting. Last year I made this post after getting my W2. I'm using data for this post from my last pay stub of 2014. I might come back and revise this later.
In 2015 I flew 755 hours. My total compensation from my employer was $50,661.77. Of that $44,480.32 was taxable. The difference between the two is due to medical insurance for my family (a hefty $4,605.72), employee life insurance ($170.28) and a special 401K contribution ($450.10). The numbers don't quite add up to other trivial items such as per diem and such.
Still the total compensation isn't horrible....but I'm now topped out in pay as a First Officer. In my opinion a Professional Pilot should be earning this in their second year...not in their 8th.
Taking to total compensation and dividing by the number of hours of flight equals just over $65 an hour. My pay rate for most of the year was just over $41 an hour.
Last year I made the comment that I should be Captain in the next 18 months. Things are very fluid....but I just might meet the deadline.