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

her209

her209

No Lifer
Assuming you started as an entry level position and now at a manager/lead type position.

EDIT: at the same company, i.e., without switching companies
 
I started working full time in my field in March 2005 and have almost doubled by now.

Edit: In before your edit, not at the same company.
 
Originally posted by: LilPima
I started working full time in my field in March 2005 and have almost doubled by now.

Edit: In before your edit, not at the same company.
Click to expand...

I started out at $5.25/hr and now i'm $12/hr.
 
Originally posted by: Kroze
Originally posted by: LilPima
I started working full time in my field in March 2005 and have almost doubled by now.

Edit: In before your edit, not at the same company.
Click to expand...

I started out at $5.25/hr and now i'm $12/hr.
Click to expand...

When did you start though?
 
~ 8 years assuming I continue to get around 9% raise each year... (i've been full time 3 years and have gotten 5%, 12%, and 8%. It will probably be a little lower this year due to the financial situation, but on average if it continued at about 8-9% a year it would take about 8 years.
 
I've been working for the same company for 5 years... I'm probably a raise or two away from making twice what I started at, assuming my raises stay roughly the same or greater as they've been so far.
 
I'm up 36% from when I graduated 1.5 years ago-- that's one job switch plus one raise in that time. If I keep this up I would double every 4 years or so.



 
Never. I get hired in topped out at every job and I make more than my managers (salaried) with the OT I get. Oh and they do work more hours than I do, I just get compensated for mine. :thumbsup:
 
same company? depends on the company... I've been here at a big company 8 years and even if you become a mgr you're not getting anywhere near double a starting salary. You may have better luck at smaller, more personable companies like my wife is at... she doubled her starting salary just this year because they get big raises (I've heard of those) every year and she's still at her same position (1 down from the head of IT)... also 8 years. The obvious difference is that she matters to her company more than I do to mine. If it weren't so flexible here I'd have left a long time ago... I've doubled my salary from my 1st job though... 9 years total... jumping companies - that's always a different story.
 
I've gone up 50% in less than 2.5 years. 3 raises and a promotion. I don't expect to go up another 50% in 2.5 years from now, though.
 
Depends how much you start at. It's easy to double your salary if you started at 10k but if you're one of those on ATOT who started at >100k, doubling the salary might take a bit longer.
 
It took me almost 5 years in the same company to almost quadruple my salary (3 different positions), but then I recently took an unvoluntary 100% pay cut so that kinda even out.
 
doubt I ever will. Doubt most people ever will.

And for those that do, the majority would likely require moving companies or moving locations.
 
I expect it will take me 10 - 20 years to double mine after you account for inflation. However, in my field a starting salary out of school is enough to live off of relatively comfortably for two people (my wife is going to school so we live off just my income). Doubling that would be a huge amount of money.
 
at the same company? long ass time these days... seems like it is expected you need to leave to get substantial bumps. i doubled mine in 2.5 yrs, but had to leave to do it
 
% don't mean much, only actual $ amounts. 200% of crap is still crap. After 20+ at the same company my wife started working part time for in college, she finally left making something like 1400% of what she started at. She was still very much underpaid.

Work hard, but realize that working your way up from the bottom and actually getting paid what you are worth is the exception, not the rule. Increase your skills set, network, market yourself, be mobile and quit your way to the top. I wish someone had told me that when I was young.
 
Originally posted by: rocadelpunk
most likely never.

(teacher)
Click to expand...

I guess it depends on where you teach. The school district I was in when I was in school had starting salary of around $45-50K and a senior salary of about $90K+.
 
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