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Old 06-12-2019, 11:13 AM
 
Location: NC
888 posts, read 675,776 times
Reputation: 1132

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Quote:
Originally Posted by BigCityDreamer View Post
How do you explain the fact that the vast majority of Americans never make a 6-figure individual income in their entire lives?
I'm not sure how one is relevant to another?
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Old 06-12-2019, 01:47 PM
 
Location: plano
6,565 posts, read 8,094,240 times
Reputation: 5797
Quote:
Originally Posted by X7L9 View Post
These salaries that I see on Glassdoor are seriously frustrating me. People making 160k with barely 10 years of experience based on what's shown on LinkedIn.

I get that we should always be grateful for what we have, but these six figure incomes are seemingly impossible to obtain. Is there an element of luck or what? The only reason I'm where I am at is because of successful, relentless job hopping. Waited another year and can't get anyone to pay six figures.

I'm in corporate training and my comp is at 90k. I have 4 years of experience and about to finish my master's.
They are real and the formula for getting one is clear.

Take all the math and science you can get in school. Go to a State University majoring it EE or ChemE or the hardest engineering major they have and make top grades. The jobs and money will roll you way. Work 59 plus hours a week doing the tough job others won tackle. It's as simple as that. Takes some planning and alot if hard work.

Or be able to sell ice to an Eskimo.

Go for it.
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Old 06-12-2019, 02:10 PM
 
Location: East Coast of the United States
17,226 posts, read 19,525,937 times
Reputation: 12969
Quote:
Originally Posted by pipsters View Post
I'm not sure how one is relevant to another?
Your post utilized the word "easier."

It made me curious how you might explain this discrepancy.
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Old 06-12-2019, 05:45 PM
 
3,247 posts, read 844,077 times
Reputation: 3763
Quote:
Originally Posted by X7L9 View Post
These salaries that I see on Glassdoor are seriously frustrating me. People making 160k with barely 10 years of experience based on what's shown on LinkedIn.

I get that we should always be grateful for what we have, but these six figure incomes are seemingly impossible to obtain. Is there an element of luck or what? The only reason I'm where I am at is because of successful, relentless job hopping. Waited another year and can't get anyone to pay six figures.

I'm in corporate training and my comp is at 90k. I have 4 years of experience and about to finish my master's.
Up, then over. Then up, then over.

You will never possess more bargaining potential than as an external candidate. Internal requisitions are promotions, and responding to external req's is for raises.

My company recently instituted a policy where you can receive a maximum of 10% increase for a promotion, so long as that number falls somewhere within the pay band.

So if you have an engineer hired at $70k, promoted twice, senior manager > director, he or she would stand to receive less than $90k in salary. But an external hire can max out the band at $160k. This is BEFORE cost-of-living adjustments.
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Old 06-12-2019, 06:17 PM
 
7,375 posts, read 11,542,544 times
Reputation: 8174
Quote:
Originally Posted by Johnhw2 View Post
They are real and the formula for getting one is clear.

Take all the math and science you can get in school. Go to a State University majoring it EE or ChemE or the hardest engineering major they have and make top grades. The jobs and money will roll you way. Work 59 plus hours a week doing the tough job others won tackle. It's as simple as that. Takes some planning and alot if hard work.

Or be able to sell ice to an Eskimo.

Go for it.
That's a good formula for working your arse off to make others rich...
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Old 06-12-2019, 07:22 PM
 
3,247 posts, read 844,077 times
Reputation: 3763
Quote:
Originally Posted by jobaba View Post
That's a good formula for working your arse off to make others rich...
Depends on what you have at your disposal. The people "getting rich" off such work already HAVE industry connections so that they can bring in the business for all of those "unfortunate" W2 employees working for him to have those 59+ hour weeks.
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Old 06-12-2019, 07:34 PM
 
7,375 posts, read 11,542,544 times
Reputation: 8174
Quote:
Originally Posted by ddm2k View Post
Depends on what you have at your disposal. The people "getting rich" off such work already HAVE industry connections so that they can bring in the business for all of those "unfortunate" W2 employees working for him to have those 59+ hour weeks.
Correct...

Somebody gets it.

I can tell you that most of those people with connects didn't work 59 hour weeks or get good grades in school.
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Old 06-18-2019, 01:52 PM
 
3,247 posts, read 844,077 times
Reputation: 3763
Quote:
Originally Posted by jobaba View Post
Correct...

Somebody gets it.

I can tell you that most of those people with connects didn't work 59 hour weeks or get good grades in school.
LOL! It tends to be that way...
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