I'm in the funds management industry and needless to say, things aren't going so well for everyone in this industry right now. As a result, salaries are frozen and bonuses slashed. I'm just wondering how this is going to look when you enter your compensation details as part of your application ... surely schools must take this into account?
I think it's understable. In my case, due to the turmoil that my company experienced (financial services industry), I missed out on a promotion and salary bump, and not to mention, my 2007/2008 bonus was peanuts compared to the previous year.