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That is more than decent... I only make 35k, single no kids, and I have enough to contribute to 401k, IRA and save for a future car/house down payment. With the right management, any amount is enough. Now, if you're out chasing the Joneses... then it may not be enough. It will NEVER be enough. Just live within your means (the $60k) and it's plenty.
PS: I get 10 days of vacation (no carry over) a year, 7 paid vacation, no PTO besides vacation, expensive healthcare, no dental/vision, no pension and no ER match for my 401k. I have student loans (paying them off fiercely) and no family support.
Depends where you live and the lifestyle you want.
I made that my 2nd year after a tech school and I was content with it. If I was in my late 20's or 30's and experienced in a chosen field I would probably re evaluate my career path if I was making 60k a year.
Also depends how much you like the job. Thats a lot of time off as well. I'd rather have 3 weeks total off and make more than have like 5 weeks off and make less. I'd try and bargain for more money with less days off (again, personally)
15 sick days? Can they be used as vacation days? Ive called in sick once in the last 4 years. I think unless you're seriously flu sick I don't like inconveniencing others with not showing up with no notice.
What if the employer provided Excellent benefits including: 10-25 days vacation, 15 days sick leave; 10 paid Holidays; and 7 personal leave days annually; generous health insurance, vision care, dental plan, prescription plan all with employer contribution, flexible healthcare and childcare flex accounts; pension system, supplemental retirement program, 401K(with employer match), and death benefits.*
This includes *No Student Loans & No family to support*
It's horrible income for an electrical engineer with 20 years of experience and an MSEE.
How can someone possibly ask a group of total strangers if this is a decent salary?
If someone makes 30k of course its great. If someone else makes 200k, then to them it would be not that great.
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That, and also, these kind of questions cracks me up. If I knew they were legit questions I would be happy to answer it seriously. But as so many other posters that ask similar bagging type questions, all you can do is roll your eyes. Of course it is a decent salary for most Americans, especially if you are single with no debt other than a mortgage.
It's horrible income for an electrical engineer with 20 years of experience and an MSEE.
I don't know if you are describing yourself or where you want to be, but you'd be surprised what an electrical engineer (with a degree from UC Berkeley) and an MSEE, who works for a very well known company makes after 20 years of experience.
It's more than 60K yes, but it's not a boatload by any means.
What if the employer provided Excellent benefits including: 10-25 days vacation, 15 days sick leave; 10 paid Holidays; and 7 personal leave days annually; generous health insurance, vision care, dental plan, prescription plan all with employer contribution, flexible healthcare and childcare flex accounts; pension system, supplemental retirement program, 401K(with employer match), and death benefits.*
This includes *No Student Loans & No family to support*
I think it's OK.
It's about what I make. I've made more and I've made less, but it's right around in my wheelhouse.
It's OK for a good living and to enjoy the perks of life and set aside a bit, but most people I know make more. Some TONS more.
It's pretty good if you're single. But if I get married and have kids, my wife better make at least something...
I don't know if you are describing yourself or where you want to be, but you'd be surprised what an electrical engineer (with a degree from UC Berkeley) and an MSEE, who works for a very well known company makes after 20 years of experience.
It's more than 60K yes, but it's not a boatload by any means.
Often people do that because they like the job security and are scared to take risks. You'll find that one thing a lot of succesful people have in common is at some point in some way they took some risks.
2 years ago I was 23 and had a "secure" job making about 70k a year. The guy I had a desk next to had been with the company around 20 years and made nearly the same that I did. We were "maxed out" at our hourly wages. In our department room for growth past that was minimal. He was scared to leave as that job was all he knew. I knew then I never wanted to be "that guy." I took a risk, quit my job to do contract work, and this year at 25 I'll make about double what I did at 23.
People love their job security and to them it means a ton. I know I was scared beyond belief to leave. It was the biggest risk yet the smartest decision I ever made.
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