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What job/career consistently pays well?

  • Thread starter Thread starter OS
  • Start date Start date
OS

OS

Lifer
Ok, I guess I recently finished my BSEE and when I sat down and thought about it, engineers don't really make that much money. Starting is around 50K/yr and when I consider taxes, rent, living expenses, etc. there isn't really anything left. And it seems like engs cap out at ~100K a year, but that's usually with a masters and many years of experience.

So being an good american who can't save worth sh*t, I'd rather think about another career path while I'm still young. So what careers are out there that consistently make significantly more than that?
 
Originally posted by: OS
Ok, I guess I recently finished my BSEE and when I sat down and thought about it, engineers don't really make that much money. Starting is around 50K/yr and when I consider taxes, rent, living expenses, etc. there isn't really anything left. And it seems like engs cap out at ~100K a year, but that's usually with a masters and many years of experience.

So being an good american who can't save worth sh*t, I'd rather think about another career path while I'm still young. So what careers are out there that consistently make significantly more than that?
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What jobs are out there, besides high level executives and investment people that consistently make six figures or more?
 
Originally posted by: ndee
hooker.
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Confucius say: "In the path of life, you'll find many paths so well travelled they have become streets. Hitting the streets is only logical."
 
Originally posted by: Hoober

What jobs are out there, besides high level executives and investment people that consistently make six figures or more?
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That's fine, what does it take to get in?

Supposedly patent attorneys make good money, anyone know anything?

Also, what do MBAs do out of school and what do they make?

 
Medicine is a recession proof industry. You can pretty easily make upwards of $350,000. Problem is, that you won't see any cash like that untiil you're 35 or 40. 'till then you've got to deal with heavy loans, harsh work load, and crappy salary of a Junior doctor.
 
Most jobs do cap at 100k. The only way to get more than that is to push people around and do your own thing. ANyways, Engineers do make alot whenyou compare them to other majors. The only majors i can think of that get more straight out of school is comp sci.
 
The key isn't the pay, it's living within your means. I can't imagine that after tax and cost of living, you would have nothing left making $50k/year. I am making less than $50k/year yet I have managed to put away $20k in the last 2 years, buy a car and I rarely think twice about what I buy. Perhaps it's where you live or your frame of reference, but $50-$100k seems like a pretty comfortable lifestyle.
 
Originally posted by: OS
Starting is around 50K/yr and when I consider taxes, rent, living expenses, etc. there isn't really anything left.
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Those are some pretty crazy entry-level expectations you've got there.
 
My roommate is in investment banking, she makes about 85k a year after bonuses and such. But she hates her job and works an average of 16 hours a day, 6 or 7 days a week.
 
Where do you plan on living ?

I live in Memphis, TN and making around 50K a year has me sittin' pretty.

If I lived in Manhattan I would be eating out of the garbage cans on my salary.
 
Dentistry pays on average upwards of $75k a year, unfortunately you have to look in people's nasty mouths all day.
 
Start your own business. The thing about engineering is it leads to opportunities such as management which pay really really well. For example, my uncle is barely 30 and hes now makin 145k. He started off as an entry level asic designer and now hes upper level management...

Engineering allows you to get your foot in the door and prove you're valuable while making a decent amount of money in the meantime. The true opportunities come when you get promoted within to management...

That's why instead of going for a masters in a technical area I'm gettin a BS in a technical field and will probably get an mba later down the line hoping a company pays for it...
 
Originally posted by: polm
Where do you plan on living ?

I live in Memphis, TN and making around 50K a year has me sittin' pretty.

If I lived in Manhattan I would be eating out of the garbage cans on my salary.
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I live in CA and I don't plan on moving anywhere else. That's probably the root of my problem. Nothing in CA is cheap.

In particular, I'd like to consider owning a house in the future and I'm sure anyone in CA can tell you house prices in CA almost never fall, they only go up. A house in any half decent area these days is pushing 300K+ easily. So I have to beat the curve if I want to own a home.

 
A starting salary of $50K puts you in the top 50% of household incomes straight out of college, and your "ceiling" of $100K puts you in the top 15% of household incomes. I don't think you have anything to complain about. Be grateful for what you have, and consider once in awhile what it's like to get by on the median income of about $37K/year.
 
Originally posted by: OS
Originally posted by: polm
Where do you plan on living ?

I live in Memphis, TN and making around 50K a year has me sittin' pretty.

If I lived in Manhattan I would be eating out of the garbage cans on my salary.
Click to expand...


I live in CA and I don't plan on moving anywhere else. That's probably the root of my problem. Nothing in CA is cheap.

In particular, I'd like to consider owning a house in the future and I'm sure anyone in CA can tell you house prices in CA almost never fall, they only go up. A house in any half decent area these days is pushing 300K+ easily. So I have to beat the curve if I want to own a home.
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Dude, Im not sure what to tell you. I have been offered jobs in CA (SanFran Area) and they offered almost DOUBLE what I make here in Memphis (same job) just to accomadate for the cost of living increase I would have to go through.
 
At anyrate thanks for the serious input everyone.

I don't think it's so much an expectation I have but taking a shot at something that would be great. I know most people don't get anywhere near what I'm looking at but I want to be able to think that I at least tried.

 
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