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Hi Fishes,
I am currently working world's largest beer company. I have current CTC of 25 LPA and I am expecting hike of 10% at least within the company.
I got interviewed at Pepsi Co for Lead -2 position and have cleared all the rounds. How much can I expect, I have just asked 30% on current CTC.
Please do let me know as it will be very helpful. Do they provide relocation allowance, do i need to submit any documents for them. Also, do they offer any joining bonus?
Pepsico
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Rising Star
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How is FTI compare to Accenture?
Coach
Hi need referral for few job postings at MS.
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Rising Star
Where are my monies!?
Do all consulting firms give out work phones?
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Pro
Depends COL and living standards. You won't get much agreement from fish here because most are out of touch and think 200k is minimum wage
Chief
Ok but the post said single people. And I live in NYC.
If you want to “live a fantastic life” , money threshold should not be goal. Fantastic life should have goals related to life.
That 200 K will become 400 K which will become 1 mil in a forever loop , if you keep equating quality of life to money you earn.
Specially as a single person
I’m in Miami and 71k was stable for me. And I owned a condo.
People don’t realize that when you’re earning 71k or whatever then you spend to that. Unfortunately we all look online at these fantastic houses in great neighborhoods, or cool cars that probably work out at $40 a day over the lease or loan and then start complaining
Might get better answers surveying people walking down the street than asking in the consulting bowl. The 200k itself would sound insanely high to the average American.
Pro
It ain’t enough. A 2000-2500 square foot house in Northern Virginia is $800k-$1m+. Even with 20% down of $160-200k your monthly cost is $5-7k with our lovely 7% rates, tax, insurance, HOA. $200k salary with $100 for health insurance and 8% 401k contribution is about $5k per paycheck. So just save up to get $180k to put down while paying $2500 a month in rent just to have an entire paycheck (or more) go towards a moderate house.
You have to have a SO who earns a similar income to live well.
C2 my house is 785k … I make 200k save over 45k 401k HSA normal brokerage … it’s not hard just make some sacrifices… only have 1 car keep it for 10+ years. Make 80% of your own food… if you make more than 120k in a HCOL you just need to make sacrifices and live a bit cheaper
$200K as a single payer with no kids, or debt. The only assets I own is stocks, cash and 401K. I don't have a strong desire to buy a house or car but that is just how I roll.
Same as me ! No debt, no car, live in an apartament , no need for more and I live my job !
Rising Star
For me 200k is also the point where I stop grinding as much (in terms of interviewing and exploring new jobs.
200K TC or base?
I would have thought 200k was comfy territory in 2015-2018 timeframe for someone with 2 young kids in the No VA area. But since then FAANG companies here have offered insane packages and housing madness during the pandemic means 200k is just break even territory for someone with car loans and a mortgage. Need another 100-150k to get that money is not an object feeling!
Worse - think BPG
200k in dc as a single person is great. I bought a house and can afford to basically do what I want within reason
Ohio
No kids probably about 70k is comfy.
With kids, for comfortable, saving for retirement, all that? 100k
With kids in daycare? Another ~20k household needed per kid.
Agree with this.
Charlotte suburbs
HHI = $200k
Two kids: one in daycare($1200/mo), one in private school(his private school is actually cheaper than daycare)
3800sqft house
No car payment
Depends on city
Rising Star
I love happily with $65k plus 10% bonus . Eat at home , live in apartment and take a bike to the office .
Rising Star
First, consider how far removed this bowl is from the reality of most people. 200k for 90% of people would be a ludicrous amount they’ll never see in one year in their whole life. Yet, people manage to live.
Second, you can live a hell of a lot better by not choosing to live in these stupid HCOL bubbles. (Granted some of you do have to work from an office and commute, so I get that).
But really, it’s the hedonic treadmill in motion outside of those ridiculous cost of living areas. Where I am, you can live like an absolute king on 200K. Have money to travel to whatever of these cities you want on the regular lol
False I need 400k. 250k is a tease.
That marginal utility of comp research said USD 105k before Covid. With inflation, that’s probably 120k. At that point, time > money
Thank you M1!
$420.69K
What is your level at ZS?
Pro
$2M/yr with annual inflation adjustments
Of course - what was I thinking 😎💵💵💵💵
Household income? $300-350 is more around the right figure with a couple kids max
You read the post at all?
Sick flex though
When I was single, I would have said that $250k was a solid salary to what I wanted to do and invest like I wanted to in the tri-state area (NYC burbs). In lower tier cities $200k probably would have worked. Being married and having multiple kids (which is where I am now) requires significantly more to have that same feeling.
$200k in the SF bay area for a single adult puts you squarely into not worrying about money even if living a more expensive lifestyle, provides ample savings, and is seven after enough to pay whatever loans you might have. Still can't buy that typical $1M bay area house, but if you accept that as not even on the menu, you're golden
Rising Star
Same for LA. 1 mill is average… and you will get a 2 bedroom condo.