The answer is simple. They refer to the number of digits in the amount. Examples below:
- 5 (Five) figure salary means: 10,000 to 99,999
- 6 (Six) figure salary means: 100,000 to 999,999
- 7 (Seven) figure salary means: 1,000,000 to 9,999,999...
Now, I know that it is the dream of every new MBA graduate to get a job offer with 6 figure salary, LOL. I wish you the very best!
- Gerry Som.
Final Year MBA student.