Salary at age 25?

likefunnysmart
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How much does everyone have saved up at around the age of 26 and what is your salary?

likefunnysmart
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$200k+ salary, no loans. Mid 20s. What should I be doing with my money? Buy property? Index funds? Thank you in advance!

likefunnyhelpful
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Do you ever think we’re a little out of touch for how much $ we make as consultants and the expectations of growth in income we have? Sometimes I look at my salary and I’m like damn, I’m slacking compared to my peers or xyz firm average at this level. Other times I realize how I’m already making more than 87% (just googled this, not a hard stat) of Americans and make more than some people will ever hope to annually in their lifetime. Thoughts?

likeupliftingsmarthelpful
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I know a lot of people are upset today with comp coming out and I don’t want to be insensitive but I finally crossed the 6-figure line! I know a lot of people will laugh at this goal but I wanted to make 6-figures before 30 (I am 29). As a 2nd generation American, I wanted this goal for all the sacrifices my parents made to leave their homes and families to give me the opportunity that the US provides!

likeupliftingfunnyhelpful
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Wife’s firm just announced a staggered 5% to 10% salary cut for 3 mths starting 5/1. < 60k,0% cut, 60k-75k is 5%, 75k-100k is 6%, 100k-250k is 8% & so on. Would you prefer this rather than lay offs?

likehelpful
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Received an offer for 50% more comp but just started a project where the client specifically requested that I deliver the work and there really isn’t anyone else who has the knowledge that I do (because of past delivered work) to deliver this within the timeframe. How should I approach leaving?

likefunny
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How many people here actually make above $200k with bonus? Just curious because I see ridiculous salaries on here.

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Just got laid off. Client asked me to start a LLC and she will pay me directly. Project is 2.5x my base salary. Seems like no brainer? What am I missing?

likefunny
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a recruiter reached out asking if I was interested in an accounting role with a 60k salary (I have 5 YoE). anyone have any similar clueless recruiter stories?

likefunny
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Do you expect a full or close to full potential bonus this year?

funnylike
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For all the young'ns wondering if it's worth sticking it out, it is! Anyone else keep track of their comp. like this?

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likehelpfulsmartupliftingfunny
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Below a rule of thumb regarding how much money you should have saved at each age for a “normal” retirement (ie around age 65). I’m 30 and have currently saved an amount equal around 100% of total comp (base + bonus). Curious where others in consulting are with respect to this. How do you stand up against the table below and are you trying to retire early (ie before age 60)?

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likefunny
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What was your salary when you first made a "luxury splurge"? Getting paid 95k but finding it hard to justify items like a Canada Goose coat or a Rimowa suitcase.

likefunnyhelpful
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Are you open to share your salary with your current coworkers? Why or why not?

like
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Bonus talk today -$500 raise, $150 bonus I cannot make this shit up. Started in late July And was told by the recruiter before I signed paperwork that I should expect a min of 3.5% raise and 2K bonus

funnylikesmarthelpful
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Got a bonus that I wasn’t expecting or planning for. I’ll save the majority, but want to treat myself a little. What’s something you’ve done with a bonus purely for your frivolous enjoyment?

likesmart
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At what age do people hit $200k in base comp?

like
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We have it VERY good in consulting. Try to keep it all in perspective the next time you're upset your bonus wasn't as high as you'd like.

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likesmartfunny
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Does anyone here have a side hussle? What do you do? Salary isn't cutting it and I'm not in a position to change jobs right now. I need to save money this year and could use the extra $$

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What was your salary, savings, and price of first house when you purchased your first house?

likehelpful
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Just got my stimulus check. Since I started work in August, I got the full $1200. My salary makes this money unnecessary. Ideas on what to do with it? Best places to donate?

likeupliftingfunny
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If you were offered 50% of your compensation and full benefits to take a 6-12 month ‘break’ from your job would you take it? Because that may be coming to you very soon.

likehelpfulfunny
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What was your salary or total comp at 25?

like
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I don’t know why everyone is upset about comp. I went into consulting because I wanted to make an enriching difference in people lives. If you go into consulting for money, your priorities are all wrong.

funnylikeuplifting
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When someone asks if you make 6 figures how do you respond? Currently in low COL city and salary equates to 6 figures elsewhere

funnylike
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Hey 🐠, what is your base salary vs. the price of your home when you bought it? I’ll start - I’m currently at a 115k base and paid $218k for my home. I live in Atlanta.

likeuplifting
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I just declined an offer. They have been on calls with me for a month begging me to join (but the position has only 20k salary hike). I’m staying in D as I see myself some potential here even though I only got 3000 salary increase. I hope I’m making a good decision 😫

funnylike
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How much salary/savings would you need to feel ok buying a 250k+ car? (Looking for something special for parent’s 60th, and they paid for all my degrees which is 250+ US)

likefunny
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Why am I still working for a salary? I made 30k profit in 2 weeks reselling Maryland crabs.. Lol

likefunnyuplifting
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Not to brag, but just crossed 200k annual comp with my raise and bonus this year. Still living in NYC, paying 2k a month in MBA loans, and 1k to support patents, but now feel a little more secure. 😀

likeuplifting
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Which is better salary or title?

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Im anticipating a 40k performance bonus in a couple of months. Looking for ideas on how to spend it. Thoughts?

funny
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Why is there such a salary difference between M in US consulting vs M in UK consulting. 80k pounds is not same as $150k.

likefunny
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To Europeans that moved to the US: why do you want to live in that country aside from a better salary?

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When did people start splurging on things? Currently considering buying a nicer car (Audi A5), which runs at ~50k. Monthly payment would be about 600. For background: comp is ~200k base + 130 bonus + profit sharing. In my state that’s about 17-18k take home pay per month on average. Monthly payments are maybe 5k today (house + groceries + random stuff) and I help my wife pay back her tuition (another 2k per month). So I feel I can afford but also looking at a house next year...

likehelpful
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I didn’t get MBB but I’m comforted by the fact I only work 40-50 hours a week and am rarely on travel projects. Downside is brand and TC is probably 25% less than MBB friends (250 v 200, small bonus)

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How can I justify job hopping twice after not even 2 years out of university when both times the jobs offered me almost double in compensation?

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21k car on a 105k salary? I have the money to buy it outright with cash or can borrow from well off parents on 0%. Should I ever think about financing with a bank? There's no upside on this right if my parents are willing to offer me that loan...

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With 150k salary, what cities in the US should you look into to be able to afford a house?

funnylikehelpful
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It’s times like these... when I am dialing into a client call on a Saturday of a holiday weekend at my grandparent’s house...that quitting seems like the only option.

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What pays more post MBA - PE/ MBB/ IB?

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How does AE PTO work? How much do they get?

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Didn’t feel WFH gave me extra time during the day till I find out that commute time saved is made up by watching the news for 1-2 hours a day now…I’ve never followed the news so closely before.

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How much is your firms in town client work dinner allowance ?

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Is it true that people get "Blacklisted" for trying to leave for another Big 4?

likefunnyhelpful
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Okay to ask for extension on take home interview exercise if swamped with client work over the weekend?

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