100k salary elitist club.

[Fardringle]

As with most things, location matters a lot. In some areas $100K is average, in other areas it's "wealthy".

 

[Oyeve]

I make a bit over 100k, BUT, I live in NYC, so that's like 37k in real-life.

 

[rstrohkirch]

I make a bit over 100k, BUT, I live in NYC, so that's like 37k in real-life.

So, living in NYC is living the dream. Har

 

[rh71]

I'm 27 and trying to figure out how to retire

It's not looking good

Started the 401k at ~24 and with compound interest, it should be over a mil, which is pretty much minimum req'd for retirement when it's time. You best get it started asap.

 

[Imp]

The most surprising thing may be the number of Californians here...

 

[Oyeve]

Started the 401k at ~24 and with compound interest, it should be over a mil, which is pretty much minimum req'd for retirement when it's time. You best get it started asap.

True. I started 401k at 20 (in 50 now) and have ~1 mil by the time im 67. Sad.

 

[CountZero]

If you're working more than 40 hours a week, you're already doing it wrong.

If you're working more than 40 hours a week and getting underpaid, you're not very bright.

I don't agree with the first sentence. I sometimes work more than 40 hours a week, I also sometimes work less than 40. I'm graded on what I do not how long I'm doing it and sometimes what I do requires some crunch time. I'm also well compensated so the occasional OT doesn't hurt my feelings. There are companies around here that require 50-60 hour weeks and pay 15-20% more but I doubt that's something I'd pursue.

On the flip side at my last job I put in insane OT, got the highest rating for end of year review and got a 0% raise and a 2% bonus (~2k). My two week notice happened to be the same week rating, raise and bonus info went out so I guess I knew what was coming

MSEE, broke 100k in LCOL area, now in HCOL and doing fair bit better. Your experience with San Diego salaries matches my experience for hardware jobs as well which is why I'm in the Bay Area.

 

[TheVrolok]

About 300k after incentives and some side work etc. Physician. Associate Program Director of a residency program. Medical Director of the clinic in which I work. 32 now. Live in a fairly cheap area.

Oh, forgot to mention I'm living under massive student loan debt. About 500k between my wife and I.

 

[ThePresence]

About 300k after incentives and some side work etc. Physician. Associate Program Director of a residency program. Medical Director of the clinic in which I work. 32 now. Live in a fairly cheap area.

Oh, forgot to mention I'm living under massive student loan debt. About 500k between my wife and I.

How's your malpractice insurance rates?

 

[Svnla]

Dude, it was a joke. I don't care how much money you or anyone makes or their penis size.

Sure, it was a joke. Whatever you say.

Joking or not, my point still stands. You have to spend less than what you make, regardless of how much you make, to be financial successful.

 

[rstrohkirch]

Joking or not, my point still stands. You have to spend less than what you make, regardless of how much you make, to be financial successful.

Yes, please repeat the same statement that is made in any discussion regarding salaries. Maybe you'll touch someone with your knowledge and they'll turn their life around.

 

[purbeast0]

I don't agree with the first sentence. I sometimes work more than 40 hours a week, I also sometimes work less than 40. I'm graded on what I do not how long I'm doing it and sometimes what I do requires some crunch time. I'm also well compensated so the occasional OT doesn't hurt my feelings. There are companies around here that require 50-60 hour weeks and pay 15-20% more but I doubt that's something I'd pursue.

On the flip side at my last job I put in insane OT, got the highest rating for end of year review and got a 0% raise and a 2% bonus (~2k). My two week notice happened to be the same week rating, raise and bonus info went out so I guess I knew what was coming

MSEE, broke 100k in LCOL area, now in HCOL and doing fair bit better. Your experience with San Diego salaries matches my experience for hardware jobs as well which is why I'm in the Bay Area.

Any company that requires 50-60 hour work weeks is poorly ran IMO. They should hire another person if that is how many hours are needed in a week.

Also, having a "crunchtime" is another sign of a poorly ran company. It means the people who are running that project cannot schedule properly. And I'm in the software industry for 12 years now, and I've seen my fair share of it at previous companies.

And I should have prequalified my statement - if you're working over 40 hours a week but also getting paid to do it and it's by choice, then go for it. I was referring to the people who think you "have" to work 60 hours a week on a salary most people can get for 40 hours a week.

 

[TheVrolok]

How's your malpractice insurance rates?

Covered by my hospital/network.

 

[rh71]

^plenty of tax time accountants about to go nuts with OT.

 

[CountZero]

Any company that requires 50-60 hour work weeks is poorly ran IMO. They should hire another person if that is how many hours are needed in a week.

Also, having a "crunchtime" is another sign of a poorly ran company. It means the people who are running that project cannot schedule properly. And I'm in the software industry for 12 years now, and I've seen my fair share of it at previous companies.

And I should have prequalified my statement - if you're working over 40 hours a week but also getting paid to do it and it's by choice, then go for it. I was referring to the people who think you "have" to work 60 hours a week on a salary most people can get for 40 hours a week.

Hardware design is a bit different. For all of the projects at my current company you have a fixed date to get the chip done by which is set by the foundry, not us. If you miss the deadline (even by an hour) you get slipped out 3 months or more depending on what is available. We don't always crunch but sometimes things don't work out for various reasons (sometimes because of stuff the foundry has done like last minute updates) and we don't have the luxury of just slipping a week so crunch it is.

I agree, going into it with both eyes open is the key piece. My managers going up several levels are very good about comp time and not watching for butts in seats so I don't really care about a few weeks of long hours.

I have friends in those other companies that went in with the plan of just doing 3 years to get those sign on RSUs vested (think ~$200k in stock) but 4 years later they are still there and I never hear from them anymore due to working so much. Like hanging out and them getting phone calls from their manager at 10:30 at night for status updates on their work levels of work time, that's insanity even for 20% more pay and $70k/yr in extra stock.

 

[rstrohkirch]

Any company that requires 50-60 hour work weeks is poorly ran IMO. They should hire another person if that is how many hours are needed in a week.

I could list multiple reasons why this doesn't make sense nor holds true. But I have a feeling if I do, you would add more "qualifiers".

 

[DaveSimmons]

More wealth than you can imagine, lead software developer, Seattle area in WA.

 

[smackababy]

Any company that requires 50-60 hour work weeks is poorly ran IMO. They should hire another person if that is how many hours are needed in a week.

Also, having a "crunchtime" is another sign of a poorly ran company. It means the people who are running that project cannot schedule properly. And I'm in the software industry for 12 years now, and I've seen my fair share of it at previous companies.

I generally agree with this as long as it's software related industry. I'm sure UPS workers do extra time over the holiday period, and it isn't because they are poorly run. It's simply because there is a massive spike for a relatively short amount of time and it's better financially to pay overtime than to take on seasonal workers.

30, just got back to over 100k when I took a paycut to join my current company about 2 years ago (first year raise put me over it, without bonus), consultant for a software developing firm.

 

[brianmanahan]

Mid-to-senior level engineers can easily pull down $100K in the US, especially in the high demand areas like California, DC, and New York.

shoot it's not even that hard get to 100$k in the midwest as a senior developer

most of the ones i know are making 110-130$k in a place where a single person can easily live on 30-40$k a year

 

[brianmanahan]

More wealth than you can imagine

 

[IndyColtsFan]

Make well over $100K living in one of the cheapest COL areas, and I insist on working no more than 40 hours per week (unless there is an extremely rare emergency). Sometimes I get looks when I leave, but I'm not concerned since I can easily get another job if they want to be assholes about it.

 

[brianmanahan]

i'm surprised madoka hasn't come here yet to show us what a real salary looks like

 

[purbeast0]

I generally agree with this as long as it's software related industry. I'm sure UPS workers do extra time over the holiday period, and it isn't because they are poorly run. It's simply because there is a massive spike for a relatively short amount of time and it's better financially to pay overtime than to take on seasonal workers.

30, just got back to over 100k when I took a paycut to join my current company about 2 years ago (first year raise put me over it, without bonus), consultant for a software developing firm.

Yeah I'm generalizing white collar jobs for the most part. I also know that UPS hires seasonal employees so I'd be surprised if they actually had many people working more than 40 hours, and if they do, they are getting paid OT. At least they were back when I knew a few people who worked for them.

 

[imported_bman]

Clearly the bar was set too low for AT, should have asked who here makes over a cool million a year. There has to be some executives or people working in Fintech that post here.

 

[purbeast0]

Make well over $100K living in one of the cheapest COL areas, and I insist on working no more than 40 hours per week (unless there is an extremely rare emergency). Sometimes I get looks when I leave, but I'm not concerned since I can easily get another job if they want to be assholes about it.

I just got a job offer yesterday for $10k more than I currently make, with pretty much all other things being equal. I'm most likely not going to accept it simply because of my current situation and $10k isn't enough to make me jump. I pretty much always leave around 2:00 - 2:15 no matter what time I get into work or if I go out to eat for an hour or so. I get my job done and it doesn't really matter if I'm in the office for 35 or 40 hours a week, I'm always on top of things and well ahead of what we have scheduled to do. I am pretty sure at the new gig it will be the same though once I get settled in.

But if they offer me $20k more I will probably do it, if some of these other remote jobs I'm looking at don't pan out. I'm a bit surprised at the offer they gave me because I flat out told the recruiter who got the whole thing rolling that I probably wouldn't jump for $10k more.