Laser
Pay and upgrade time to Chellenger are largely based on your prior flight experience.
Some folks get hired to fly the Challenger right away while some will find themselves waiting a while. This also depends on the needs of the company.....Only the pilots based in MEM will fly the Challenger or the Global Express. The pilots based at the other three crew bases (DAL, HRO, & PIT) can expect to fly the Learjet 45.
The job is a salaried position and there are two levels of entry pay. One may be hired as either a 'light jet capatain' or a 'heavy jet captain'. A light jet captain can expect to be paid an annual salary ranging from 48,000 to 55,000. A heavy jet captin could expect to receive between 67,000 and 75,000 annually. If you are hired as a light jet captain, you can expect to be upgraded (assuming no problems with the individual) after accumulating 500 hours in the company airplanes from either seat (L/R) position.
These numbers may vary since it has been a year since I flew with the corporate side of the business at FedEx.
In a nutshell........this is one of the best jobs in the industry....hard to beat it.