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don't kid yourself. a degree is just one piece of the puzzle like anything else (experience, skills, etc.). To think that alone determines how much you can earn is silly.
Granted. But equally silly is thinking you can come to DC with a bachelor's and no experience and think you can earn $100K within a few years. This whole discussion is raising highly unrealistic expectations.
Seriously? With just a bachelor's degree, you won't be earning $100K unless your company charges the government $720 for a hammer. And then probably not.
That statement is completely wrong. I know many people (myself included) who are making six figures without advanced degrees.
I find this thread odd. $100,000 per year is 4 times the median personal income in the U.S. But the OP acts like earning that much is normal in your 20s.
I find this thread odd. $100,000 per year is 4 times the median personal income in the U.S. But the OP acts like earning that much is normal in your 20s.
It is in normal for 20 somethings to get 6 figures in DC.
It is in normal for 20 somethings to get 6 figures in DC.
As it is in NYC, SF, Chicago, LA, etc. I'm guessing Fundman is implying that DC is a leech. A certain segment of America assumes that if anyone has a good career in the DC area that they must be "part of the problem of big government".
I find this thread odd. $100,000 per year is 4 times the median personal income in the U.S. But the OP acts like earning that much is normal in your 20s.
I think it's quite normal to be making in the 80-90k area in your mid to late 20s. I'm on track to make 100k+ base salary next October and I'll be 29.
A minority of individuals in DC in the 18-24 (9%) and 25-34(42%) age brackets make in excess of $58k (5x poverty level).
I think it's a safe bet to assume the percentage of those age brackets making over $100k is significantly smaller.
I would say it's not normal for someone in their 20's to be making $100k, since I'm guessing those earners would be somewhere in, or close to, the 90th percentile of their age groups.
Judging by the fact that many 20-somethings in DC are still living with roommates or living at home with the parents or living in some dumpy, closet-sized studio apartment; I don't understand the expectations of $100,000+ salaries either.
Sure, if you are a corporate lawyer coming out of law school or an entrepreneur of a small technology business then you will be rolling in a six-figure income. If you are a helluva good hustler in the finance investment business then you will be making $100,000+ easy just on commission alone. But even talented IT engineers take many years to hit the six-year figure salary mark. Many positions demanding skills and intelligence are not instant tickets to the champagne and Mercedes lifestyle for the under-30 crowd. Takes years of dedication and the right career moves to reach the Big Money goal.
And last of all, if you are so concerned about making $100,000 and up at such a young age then maybe Washington, DC is not the best professional and personality environment for you. You might be better suited for NYC, San Francisco or LA with that mindset.
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