What is the average time that it takes to double your starting salary?

[ivan2]

about 5 years, but then again I think i started below the market.

 

[tfinch2]

Originally posted by: Deeko

Originally posted by: TridenTBoy3555

Originally posted by: Deeko
I doubled my starting salary out of college within 9 months.

I switched companies though.

This thread really demands how much you made then and now, and what you do. (I was flipping burgers right out college, then I got a job at a law firm)

I'd prefer not to list figures. My job out of college was a software engineer for Lockheed Martin, so it wasn't quite flipping burgers.

But you also moved to a place where cost of living is a lot higher IIRC.

 

[tfinch2]

I started out pretty high, so if I double in less than 10 years I will be happy.

 

[TridenT]

this thread sucks

I don't get to know what anyone is doing nor do I get to know wages... (I started out making $1,500,000/yr, and in ten years if I double my salary, I think I will have done well)

 

[RichUK]

Originally posted by: TridenTBoy3555
this thread sucks

I don't get to know what anyone is doing nor do I get to know wages... (I started out making $1,500,000/yr, and in ten years if I double my salary, I think I will have done well)

I'll let you in on one little detail, then. I'm on £350 a day, contracting.

 

[JMapleton]

The doubling of salary will come a lot quicker for new grads than those experienced in the workforce. Few people make it beyond middle management.

 

[Dr. Detroit]

Took me a little under 5yrs.

Associate to Manager

 

[imported_Imp]

The second I get a job related to my field. I'm doing temp admin crap right now. Even as a summer student I made more money and was more challenged. I'll at least double my current pay with any 'real' job.

 

[shoRunner]

took me approx 3.5 years

 

[TallBill]

Like 2-3 years.

 

[MartyMcFly3]

Originally posted by: JLee
It would take me a long time (government).

 

[child of wonder]

Where I work the VPs and Ps think it's a smart idea to treat IT like they do the bank tellers: pay them low, give almost no raises, and hope to replace them with cheaper labor when they quit.

My boss has been told every year not to even bother asking for more than a 3% raise for anyone in IT.

 

[boomhower]

Originally posted by: JLee
It would take me a long time (government).

same here

 

[spidey07]

Originally posted by: JMapleton
The doubling of salary will come a lot quicker for new grads than those experienced in the workforce. Few people make it beyond middle management.

That's why I went the consulting route. It's very lucrative and you're paid what your experience and time are worth. More experience/knowledge = more money. More hours = more money.

But I'd say 4-5 years is about right.

 

[Joemonkey]

Very difficult to do w/o switching companies. I started working for a local computer shop at $8/hr 7 years ago and now after two company changes and a move to a bigger city I have more than quadrupled that amount. If I had stayed at either previous company it would have likely never happened if you take inflation into account

 

[nakedfrog]

I started out hourly in a different position, then moved to a different salaried position, and it was doubled from initial pay in about three years. It was about four years to double it again (still at the same company). I'm not sure I can double what I have now without moving somewhere with a high cost of living.

 

[PrinceofWands]

About 25 years for me...but then, teaching doesn't pay very well.

 

[Finalnight]

From your first job??? Took me three years but I had to switch companies twice.

 

[jagec]

Originally posted by: her209
Topic Title: What is the average time that it takes to double your starting salary?

Exactly two years, assuming no promotions and an end-of-year bonus comparable to inflation.