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Did you just seriously ask me why ml are considered a score?
If you absolutely must live in Manhattan then maybe....let me not derail however. Start another thread on that discussion if you want. Thread is about IT life.
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
I don't make the laws, nor did I vote for anyone in office at the moment (can't even do so most of the time because I'm not a registered Dem), but when the limits hit $121k+ or whatever it was in 2017 and they're giving you a stabilized apartment, you don't just say no due to moral reasons. I didn't do anything illegal, I just do what's best for my current situation given the cards that are played.
And it's not like it's cheap. I think we both pay similar rents. Or at least we did. I don't quite remember. I used to pay $400 less 3 blocks to the west, 250 sq ft tenement that was also rent stabalized. The added space was worth it given my girlfriend that I didn't have at the time.
I don't know, but I was paying $1,600 previously for my studio, but my primary residence is not in Manhattan. That's the difference. lol Last lease just expired a few months ago. At 40x the rent, if you rent is that or $1,700 - 1,800 for that area of Manhattan, there should be plenty left over. In other words, if you were paying market rate rent in that area of Manhattan, I would think it would double that for a decent apartment or thereabouts depending on the size, condition, and the amenities. I think that was my point.
The person that responded to you about $100k being nothing, I disagree. Unless you have a ton of student loan debt and astronomical expenses aside from rent, that is just fine, with no kids, which neither of us have. Believe me, I don't go into the store, thinking OMG, how on earth am I going to afford to eat tonight. That's how some people make it sound. At your age, that shouldn't be a problem at all.
I've always wondered though, if 100k+ is at the "low end" for IT, what would be the high end? I'm in management, but we've had various IT guys over the years. They never seem to be hurting for money or work.
I don't know, but I was paying $1,600 previously for my studio, but my primary residence is not in Manhattan. That's the difference. lol Last lease just expired a few months ago. At 40x the rent, if you rent is that or $1,700 - 1,800 for that area of Manhattan, there should be plenty left over. In other words, if you were paying market rate rent in that area of Manhattan, I would think it would double that for a decent apartment or thereabouts depending on the size, condition, and the amenities. I think that was my point.
The person that responded to you about $100k being nothing, I disagree. Unless you have a ton of student loan debt and astronomical expenses aside from rent, that is just fine, with no kids, which neither of us have. Believe me, I don't go into the store, thinking OMG, how on earth am I going to afford to eat tonight. That's how some people make it sound. At your age, that shouldn't be a problem at all.
I've always wondered though, if 100k+ is at the "low end" for IT, what would be the high end? I'm in management, but we've had various IT guys over the years. They never seem to be hurting for money or work.
Yeah, I made it work on $80k when I first got my studio in the LES for $1600 even with paying off my debt, the $15k in student loans I no longer have. I actually had no intention moving to Manhattan from Brooklyn in 2014, though I'm glad I did in the end. What a wild ride. I've been wanting to live in Queens, either Jackson Heights or Forest Hills, possibly Woodside, but somehow the LES has worked out in my favor more times than not. I'd say an overall marker for rent to me would be paying less than a semi-monthly paycheck with 100% 401k investment. And yeah, market rate is more than double what I'm paying for the same quality place, maybe better walls and appliances. If I need to move again say for space or to accommodate my girlfriend and her education, it's likely going to be outside of Manhattan. At this point I don't qualify for pretty much anything from the housing lottery. I got lucky with my income being where it was in 2017 (or '16, I honestly don't remember when I applied).
High end, I've seen $500k + bonus Senior Quantitative Engineer in Python that required 10 years experience down in the Financial District. I haven't heard of any other position that gets into that insane realm haha. It seems like that Quantative Engineer field is in general well paid though and $200k isn't uncommon. Hell to get into though. Baseline Masters, but often a Ph.D in Machine Learning is required, and really, a degree in Financial Engineering would help with the requirements I see in the advertisements. Oof.
Yeah, I made it work on $80k when I first got my studio in the LES for $1600 even with paying off my debt, the $15k in student loans I no longer have. I actually had no intention moving to Manhattan from Brooklyn in 2014, though I'm glad I did in the end. What a wild ride. I've been wanting to live in Queens, either Jackson Heights or Forest Hills, possibly Woodside, but somehow the LES has worked out in my favor more times than not. I'd say an overall marker for rent to me would be paying less than a semi-monthly paycheck with 100% 401k investment. And yeah, market rate is more than double what I'm paying for the same quality place, maybe better walls and appliances. If I need to move again say for space or to accommodate my girlfriend and her education, it's likely going to be outside of Manhattan. At this point I don't qualify for pretty much anything from the housing lottery. I got lucky with my income being where it was in 2017 (or '16, I honestly don't remember when I applied).
High end, I've seen $500k + bonus Senior Quantitative Engineer in Python that required 10 years experience down in the Financial District. I haven't heard of any other position that gets into that insane realm haha. It seems like that Quantative Engineer field is in general well paid though and $200k isn't uncommon. Hell to get into though. Baseline Masters, but often a Ph.D in Machine Learning is required, and really, a degree in Financial Engineering would help with the requirements I see in the advertisements. Oof.
Depends on the company and corp culture. My first job was as a Sr Dev with a start-up, hours were terrible 9-8 on average plus being on call for deployments and such.
Next I did consulting for one of those Big 4 firms which is just basically 24/7, so you can burn out pretty fast between all the travel and being 'available' all the time.
Current job (large corporate, finance sector) is more stable, 9-5 with remote flexibility but you still need to be on call after-hours for releases, which is just an IT thing in general and not really specific to NYC...
I don't know, but I was paying $1,600 previously for my studio, but my primary residence is not in Manhattan. That's the difference. lol Last lease just expired a few months ago. At 40x the rent, if you rent is that or $1,700 - 1,800 for that area of Manhattan, there should be plenty left over. In other words, if you were paying market rate rent in that area of Manhattan, I would think it would double that for a decent apartment or thereabouts depending on the size, condition, and the amenities. I think that was my point.
The person that responded to you about $100k being nothing, I disagree. Unless you have a ton of student loan debt and astronomical expenses aside from rent, that is just fine, with no kids, which neither of us have. Believe me, I don't go into the store, thinking OMG, how on earth am I going to afford to eat tonight. That's how some people make it sound. At your age, that shouldn't be a problem at all.
I've always wondered though, if 100k+ is at the "low end" for IT, what would be the high end? I'm in management, but we've had various IT guys over the years. They never seem to be hurting for money or work.
IT is a big field. Java Development, Drupal Development, closed system development, Network Engineering, Web network engineering, Mobile app development, Database Administrators, Project Managers, Project owners, Production Managers, User Experience Specialists, Google Analytics, Social Media.... The gamat.
The range is anywhere between $50K-$150. Most IT people make less than $100 though. On the high end, maybe $120, if their skills are rare, or if they work at an investment bank or law firm.
I am a Tech professional at the exec level. I have worked in some of the FAANG companies, in Finance, in early and late stage startups in many domains…
A couple of things I thought I’d offer.
Thing #1 – In the places I worked/work at IT usually refers only to the teams that set up the computer/conference/phone equipment, look after the networks and run a help desk to set up employees. All the other teams work in ‘Tech’. I am not knowledgeable of salary levels for IT workers as described in this paragraph, but they usually earn at a lower level than all the other teams in ‘Tech’.
Thing #2 – I have hired and continue to hire many different types of tech professional and currently, no one that I would hire would make less than $100k, not even the most junior non-automation QA Analyst or the most junior Scrum Master. Software Engineers start at 120k, Data Analysts around $110k. If you are a middle manager you won’t make less than ~$200k.
Hello,
Can anybody elaborate on the work culture for IT professionals in NY?
Is it as stressful and with long hours as people say or is it typical 9-5 with some extra hours.
Most corporate IT people I know work long hours and have people hammering at them.
If you're looking for a stress-free life, don't move to NYC.
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I'm in management, but we've had various IT guys over the years. They never seem to be hurting for money or work.
My experience in Tech
