Anyone else feel weird that they will likely never make as much as their parents/provide their kids a similar childhood? The odds of making MD/Partner are outright low, and a lot of luck is involved. Statistically it’s likely I’ll fail out around M/SM and peak at that salary forever.

There’s a big unquestioned premise here that one’s parents make $200k+ (If you peak at M/SM, you’ll likely be somewhere around $200k TC eventually). The median household income in the US is a fraction of that, so your reference point is…interesting.

As an M, I make more than either of my parents make or made at their peaks, so no, no weird feelings on my end.

This post is pretty emblematic of the fact that consultants disproportionately come from well off backgrounds. We clearly need to do a better job of recruiting

Nope.

No because I make more than my parents do since they moved to the US and things get tough when you’re an immigrant, don’t speak the best English, and degree/career doesn’t transfer. Can’t relate to the wealth lol but also money doesn’t make a kid’s entire childhood.

I made it to Partner and I don’t think I have any particular skills or talents other than being curious, dedicated, willing to work hard and probably a 110 IQ. You can make it if you want it.

My bigger concern is that my children won’t be able to afford to live in a HCOL city with me if I settle down in a place like NYC or SF.

I'm the first college grad in my family (let alone also getting masters and multiple certificates) so even at the associate level I was already making more then both parents combined. Nothing but upwards from here.

I earn more than my parents

Nope. Dad is a teacher and mom is in low level corp management. Have been making more than my dad since I graduated college except for the years I was in grad school; didn’t take me long to outpace my mom.
Totally agree w the comments that consulting is FILLED to the brim w employees that grew up well off.

Dude if both your parents made it..shouldn’t that be an indicator that it is possible?? That’s wild though..you probably grew up rich rich..like to have parents who are both partners is crazy.

My parents didn’t go to college so no.

OP this post confuses me. Are you worried that your salary likely will never be >$250k or that your kids will grow up in a different era? Or both

My mom made 25k I’m already making more than her. If you grew up rich that’s a you problem lmao.

I feel more ashame knowing that my parents worked their whole life without having the opportunity of working from an office and making 3 times their income. If you come from a poor family, you will never have that thought. I personally have worked in restaurants, construction sites, supermarkets, school and university before being able to have a “normal” job. Now, for the first time since I started working, I have weekends off and the opportunity to take care of my parents. It is easy to fall behind, but harder to go up from the bottom!

To have this point of view is honestly just sad..sorry you feel this way and hope you find peace within yourself.

Definitely not - I made more than my parents when I was in my late 20s

OP, why don’t you think of it more along the lines of net income. You might make “less” than your parents, but you can save and invest better meaning you net “more”.

If you want to argue against that just accept that things cost more than when your parents were making money and wages have stagnated significantly since then, so the argument of “making as much” is kind of moot.

How much did your parents make?? Where do you think you will peak? My advice is to leave this field. It makes sense that you want to improve your family legacy and not move backwards. It’s tough though..I don’t know which career path will guarantee a lot of money. It is probably CS or medicine in our generation..

I would say it depends on your situation,i.e. if you have kids or not. I've accepted that it'll be impossible to compare myself with my folks in levels of earnings and accomplishments. My parents at the age I am now (mid 30's), i was 18 years old. I just stopped comparing and went on my own path of determining success.

It would be comparing apples and oranges. Plus it's a different era.

Just set your own goals and hit em, if you do that, you're succeeding.

Lol I make more than my dad has ever made, and I’m 25

I make double what my dad did and my hubby makes $130k plus…

I am already making about 5.5x of my parents' combined income. And I'm 30. Dunno what OP is talking about.