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Man... I was just starting to feel so accomplished to reach 60K after nearly 10 years in my field...
No stress, you'll get there. Some people just catch the tide at the right time. Everybody in my family makes more than me, and I'm the oldest sibling and have the most training and education.
If that is what you were hoping for, then you should feel accomplished. I was making half of what I am making now 3 years ago and have been constantly applying, asking for the max compensation at every turn. Got a lot of rejections and of course a few offers.
Like I said previously, I had a recruiter contact me from a fortune 200 company and the max compensation for the role was 20k less for exact same type of work. The exact same type of work. Companies need to PAY UP.
Is 160k reasonable for someone with 10 years experience and a bachelor's?
I don't think its reasonable for anyone when most Americans are sweating it out for less than half that, including people with decades of experience or MS's and Ph.D's. Of course there are high cost areas that might be exceptions but nobody is forcing anyone to live there.
I think part of the problem, or a big part of the problem is , many people don't want to put in the work or the time to get to the point of making that kind of money.
I think part of the problem, or a big part of the problem is , many people don't want to put in the work or the time to get to the point of making that kind of money.
This is true. People will find out what a job at company x pays but don't put in the work to get paid a similar figure at their current job or another company.
So many people focus on an industry instead of the opportunity. I couldn't care less what industry an opportunity is in, I want to know if the opportunity can provide what I want.
I'm in corporate training and my comp is at 90k. I have 4 years of experience and about to finish my master's.
Corporate training is a cost center (unless you work for a company that sells training classes to corporations.) If I'm a shareholder in the corporation, you do not make me any money. You cost me money. Your existence costs me money. There is very little linkage between you teaching something in the corporate training company and one of your students doing something to make me money - let alone $160K.
Try getting out of a cost center and into a profit center, where you can demonstrate just how much money you could make me. Show me you can design new products to sell for me to make money. Show me you can reengineer existing products so they'll sell more or cost less to build, thereby making me money. Show me you can close deals thereby making me money. Show me you can directly support customers in such a way they are delighted with us and do repeat business, thereby making me money. Show me you can rearrange company business lines in such a way as to save $$$, thereby making me money. Show me you can help keep the company legal in all of its operations, thereby avoiding litigation expense and costly fines & awards, thereby making me more money. Show me you can plan our operations in such a way as to minimize the income tax burden we incur, thereby making me more money. Show me a strategic trend I'm missing or competitive threat I don't see together with tactics on how to deal with them, thereby making me money.
Figure out how to make earn your employer $400K and watch your compensation get a big bump.
Last edited by RationalExpectations; 06-08-2019 at 11:27 AM..
Something that always makes me wonder is. What do people consider great money for the work and effort they put in?
I mean. I see people on here claim they make 6 figures. Then it comes out that they are putting in tons of overtime in order to make that 6 figures. Not only that, but they also have advanced degrees and most likely high student debt.
So is it really that great?
So...is it worth it to spend 50 hours or more a week, everyday of the week, at work to get that extra? Maybe to your family it is and that is great.
So to the OP. Just because people claim they make so much money, consider what they need to do to get there. If somebody says my base pay is a 100k, not including OT's or other benefits such as bonuses etc..that I think is more uncommon.
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