Curious - what do you gals and guys think is considered good compensation - TC at 40.

likefunny
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

If you’re making $200k at any point in your life, you’re doing fantastic IMO.

I grew up in a working class family so my perspective is obviously skewed.

like

Mid 40s here. I jumped from $174 to $230 base in my early 40s (High COLA) and can honestly say I’ll be happy if I don’t progress much further than that. I never thought I would be making that much and I’m grateful for not having to worry about money on a constant basis

likefunny

I'm 25 and make 165k. I'd be happy making this exact salary at 40. Bc it allows me to afford for things that make me HAPPY, which is what life is about. Being happy and living.

like

SC1 it's my TC. Not my base. But there's ppl that make over 200k at 25 on this app. As C1, said it would be surprising in general society, but not on this app.

Recent IconRecent

Decent - $300
Good - $500
Great - $1m+

likefunny

I agree with Alix numbers for dual income, family of 4 in a high cost of living area.

like

who cares? y'all happy at 40? that's what matters

like

thanks bud

likesmartfunny

It’s crazy how high some people expect as normal. My first year out of college, I make more than my dad does now. He always says he was happy to put me through college to see his son succeed, but I’m eternally grateful. It was mind boggling for me to then get to Deloitte to just hear about how we didn’t make much compared to mbb, pe, ib, etc. I was just like “uh we are all 22 making 75-85k.... chill out guys”

like

SM1 seriously…. If you can’t make your first few promos happen, then realistically your value add may be limited.

At 40 my comp hit $200k.

I never thought I would make anywhere near this much. And, I kind of don’t care if I earn much more

like

This.

like

If you're meeting your goals, you're good!

I'm glad we're all sharing salaries more -- better for workers at large. But yo - consultants care way too much about this stuff

Pay off debt, plot financial security. Everything else is gravy

like

BCG1 tell em. 🗣🗣🗣

likefunny

it’s all relative, when i was 27yo and earned 67k, my goal was 120k by 40, but when I was 35yo and earned 120k, my goal was 150k by 40, now i’m 38 and earn 310k, so by all previous measures, i should be satisfied, but i’d still like to earn a figure that is marginally higher by the time i turn 40 in 2022

likesmart

So close to me! I was 48 out of University, $67k at age 27 after 3 years experience. Ups and downs, a decade later in consulting and I'm $200+$50k. When I graduated I dreamed of hitting $180...and now over time that has slid to breaking $300k TC (MCOL city).

200 minimum imo

like

Stats say in the US anything above $75k you are good. We all live in a bubble here

like

If I don’t hit 250-300K at 40, I feel like I’m doing something wrong. Looking at everyone in this and exit bowl, anything below it seems low

likefunny

Always this ^. Living within your means is upmost important

like

In consulting? In white collar industry? In tech? In Podunk, USA? In NYC? Etc.

Anywhere from $50-300k+ depending on the variables.

like

Every time i set a financial goal and hit it, i move the goal post. In my 20s, I felt that 200k would be the perfect income to hit in my 40s. I hit that before 35, had a kid, bought a house, and suddenly 200k doesn’t feel like a lot of money. 30k goes to daycare alone for one kid, and we chose the most affordable option / commute 30m to get her there. My husband and I bring in close to $350k and when we budget out how much we want to save for retirement, college, and other essentials, we don’t have much left to save for shorter term purchases like a second home, etc. it’s wild because on paper we make so much money, but the more we make the more we want. And, while this is probably unpopular to say, the more we feel entitled to want.

Given our current net worth, and shorter term goals, we would like to hit a combined income base of $500/$600k by 40. But as soon as we’ll hit that, we will likely feel like we need to double it.

like

That’s a fair question and something we talk about often. The blessing and curse of our relationship is that we both come from project management backgrounds and over plan/discuss every aspect of our lives as such. As far as what is enough. Ideally, one of us would like to retire by 40. This times with my oldest being 5. We’ve outlined a strategy that will help support that, but it will really depend on certain financial milestones being hit.

We have a great net worth in retirement accounts (thanks to my husband being a savvy investor). Theoretically, we could stop contributing and be all set... however, we won’t do that because of too many variables and there isn’t really a need to stop.

Our next move is to purchase a forever home that we can afford on one income. We are also considering an income property in an area where we would want to vacation occasionally. The house would need to support itself and the area we are considering has that potential... over the last 10 years, a few people in our circle have purchased in this area. Summer rental income pays the mortgage for the year. Houses themselves can be purchased sub 600k yet still net $3500/week from memorial to Labor Day.

If we hit those goals, and one of us has an income of ~400-500k OR investments outside of retirement hit a certain amount and one of us has and income of at least $250k, the other will likely retire. The only caveat is if we are both pulling in substantial incomes (i.e. we both make $300-500k separately), we will re-eval based on resources available and what we feel our children need.

Most of our plan assumes our children are happy and healthy with minimal need for additional support. For example, I worked with a high earning pharmacist. Her husband was an MD. Their first born was diagnosed with Autism and they had to pivot so that one of them could be directly involved with his care and development. She left the workforce and they moved to a very LCOL area near a fantastic medical support team to maintain lifestyle. We would mirror that if need be.

The other piece to this that you can’t solve for in a plan is WLB. It is possible to be a high earner and be the one to put dinner on the table. In my husbands case, his father was able to do it. Since my daughters birth, I’ve been able to draw clear lines at work and I’m fortunate that my current company places a huge focus on employee wellbeing. If that keeps, we might not need to make any changes.

like

Also depends where you live. $250k in Alabama is a fortune compared to Palo Alto.

like

@sm2 what are you talking about lol. Maybe you should have saved more earlier on?

165k is def upper middle class. Better than like 98% of America

like

Yeah I guess I don't have half of those.

Do you have a SO that earns or nah?

like

I was happy with $65k. I knew it wasn't s lot. But enough to be financially secure with a few luxuries if I made that for the rest of my life and lived a modest life.

I was very happy with $100k at age 39.

Once I hit $160k, I knew I was more than set for life.

I make $200k at 35 and I feel like it's so much money, I plan to retire early or go part time in my 40s.

likesmart

$100k at 30

When I was in university I always wanted to hit $180K by mid-career. Having exceeded that with inflation, I think reaching $250K in a tier 2 city will let us have everything we need with some extra security.

I recall somewhere that a better financial goal was your level of debt and savings by 40. The recommendation was:
- Debt free outside a mortgage
- 6 months costs in Emergency Fund
- 2x your salary in retirement savings

likehelpful

Is 250 base good for Deloitte Senior Manager? Need to be both more exclusive than Harvard and well paid

funny

I’m 28 & i make 177K. I didn’t think i would make this much by 28. However, i am eternally grateful that I have come as far as I have. My goal is to make 500K by my 40s. 🙏🏼

like

Oh I was asking @TC1

like

300 avg
400 good year
500+ very good year

like

Related Posts

Hi All, I am currently working at Accenture Strategy at Analyst level, I am under-designated and underpaid and my practice will present my promotion case in Aug while the results will be announced in Nov.
I have two offers in hand and am confused which one would be best for my profile ( I am a CS engg with 2.5 years experience prior MBA and 4 years in CPG, e-com consulting). Offers I have -

1. HealthifyMe - Strategy, 45 lpa
2. Amazon Sr Program Manager, 45 lpa
Is there a scope for negotiation?

like

I want to brag on my kid, but I don’t want to embarrass him, so I’m doing it here. My college sophomore found out today that he ended up with a B in his accounting class - which is remarkable, given that he received a 50 on his first exam and a 70 on his second. I’m not sure I’ve ever seen him work this hard - and I couldn’t be more proud. The grades that come easily don’t impress me nearly as much as the ones that are hard fought.

likeupliftingfunny

Can you typically negotiate post MBA consulting offers?

likehelpful

ITC infotech or Persistent systems limited? Experience : 7years

ITC : 21 lakhs (1.5 variable)
Persistent: 24 lakhs ( 2.5 variable)

What about onsite opportunities, career growth,hike,job security and other benefits.

ITC Infotech Persistent Systems Limited Persistent

like

Has anyone gotten any kind of comp package involving crypto? I know some companies now do some forms of that or allow employees to take certain amounts in it.

likefunny

What does 401k mean?

like

Gibt es schon irgendwelche Infos ob es dieses Jahr einen Bonus gibt?

What is the average salary of an electrical engineer 4 to 6 years experience and Master degree - in Luxembourg ??

like

I'm currently interviewing for a senior finance manager position with Amazon in Seattle. Levels isn't helpful in breaking down base, signing, and equity components. Anyone know an average or range?

like

From industry to big 4?
Would you take a pay cut and go to pwc as a 1st year senior in risk assurance?
I make 95-98K and work great hours at a great company. Would be getting a pay cut if I join pwc

What will be the take home salary for 9 LPA fixed?

like

What is a normal salary for a outbound supervisor?

Hi Fishes - My CTC is ~20 LPA (including variables, other allowances). How much hike to expect if I look for switch now? YOE - 7, QA automation role.
Is it good to look outside or onshore opportunities in current company will be a better option? Plz suggest.

like
like

Is investment banking bonus getting cut this year? JPM and MS earnings didn’t look too good

like

Who ultimately decides the compensation offered to a candidate when being hired? Recruiter only? Hiring manager? Trying to figure out what aspects of the offer are owned by each person involved in the recruiting process (salary, sign-on bonus, level, etc).

like

Hi All! I am currently seeking a remote HR Generalist role. I have a broad range of experience over ~5yrs at a 500 person global tech company. Most relevant projects/programs include developing and leading global CSR, well-being, culture/engagement initiatives, event management, LMS admin, 1yr handling US health/401k benefits, solo office manager for 3 US offices, + 2yrs as AR Specialist (all overlapped). Looking to dive fully into HR, would love to connect or can share my resume. TIA!

like

Can anybody help me to know What will be the approx monthly take home salary if fixed component is 20.4 lakhs per anum?

like

Anyone know the compensation for a Mergers and Acquisitions Senior Consultant at Protiviti? Bonus structure and general hours would be great too. Protiviti.

like

Please let me know the in hand salary guys!

Post Photo
like

More Posts

NYC store managers, what should be a fair market salary for a SM?

Thoughts on Allen Edmonds leather/suede sneakers? Are they worth it? List price at over $250 but on sale are much less.

like

Has anyone started their own gig on the side or freelanced while still working full time? How did you manage? Really want to take the leap and set up my own shop

like
like

What do you prefer: iManage or NetDocuments?

like

Since recent events, do you think PSAs are still worth the time & energy?

like

I cannot express how much I hate how some people use peoples tragedy for likes and engagement… I won’t post the picture of the little boy or the empty mat but the poster did.

Post Photo
like

Hi any one got offer from Deloitte recently? Been waiting for approvals since Aug.

like

Hello All Fishes,

Hope you all are doing well.

Recently got an offer from MUFG with a 38% hike for Analyst EDD Operations Role - CTC offered is 7.76 Lpa.
Having almost 5 yrs of previous experience in KYC/EDD/CDD/AML/TM in HSBC.
Is it a good offer based on my current experience and How is the WLB & culture at MUFG ?

like

Good Day to all,

Would like to know how recruiters get compensated? I am asking because it seems a lot of (not all) the recruiters especially the once from India are trying to get me at a lower salary then is actually being offered by the companies they are representing.

like

Hello Fishes , With YOE: 8 I have got two opportunities as :


Senior Consultant -
Capgemini - 17 LPA


Senior Associate - Cognizant - 16 LPA



can anyone please guide which one will be better in terms of job security ,onsite opportunity, WorkLifeBalance ,Yearly hike Etc. ?

likeuplifting

Hi does anyone here work for BlackRock? I had a quick question about one of the groups over there and was looking for some insight.


TIA

like

School Social Workers. What’s your salary? Is 65,000 annually a low offer? Should I negotiate and use my experience for more? Thoughts?

like

Anyone else in a doorman building that’s no longer allowing deliveries to come up? Currently symptomatic and think it’s ridiculous that I now have to go to the lobby and potentially expose others

like

Did anyone gave interview for Research Consultant in Scotiabank?

like

Does anyone that has returned back to the office find it more distracting than ever or is it just me?

likehelpful

Any DevOps engineers in Warsaw, I'd like to know what's the current pay standard for 6-8 years of experience in Warsaw.

what's the most overused hackneyed phrase in this industry? My number one is "authentic". "Our agency believes in the authentic" or "we have to stay authentic to the brand."

What are you doing with the money you are saving right now?

like

Additional Posts in Compensation

160k TC, 125k salary in Seattle. How much should I spend on food/rent - can you give a conservative range?

I would like to maximize savings but not live with roommates/in a <400 sqft apartment

like

What’s the starting pay for a GPS analyst in consulting?

like

Accenture Federal Services Senior Analyst salary?

like

As a new graduate entering advisory— what has been the expected pay? Please include the location. (ATL - 65k)

like

Slalom - any tips for negotiating offer? I do have another offer on the table, best way to approach?

like

Nike Director salary range and bonus structure can anyone help?

like

Got promoted from manager to senior manager and salary increase and alleged bonus was embedded into the compensation increase of only 12% increase. Seems very low. Is this common at a mid size public accounting firm ?

like
like

Currently at $175k TC at Google working in proserv. Got an offer from BCG DV for PL @ $265k TC… thoughts? I came from consulting, the WLB at google proserv is better but not substantially than previous consulting jobs, and in all reality to reach this TC at google it’ll be another 3 (maybe 4 ) years. Thoughts?

like

Starting to interview with startups offering equity (both are still private, but close to going public) but don’t know much about it as I’ve never had equity in my comp package. How is equity taxed? If they don’t go public before I leave, but my equity is vested, would I lose it? Any general info here would be greatly appreciated

like

salary band for Accenture Management Consulting 2nd year Manager in Chicago (Tier 2)? Was offered $120k base. Thoughts?

like

Hey guys, does anyone know how much compensation progress is like in Australia for any of the top firms? Specifically interested in MBB as I am intending to join one

like

Has anyone gotten any kind of comp package involving crypto? I know some companies now do some forms of that or allow employees to take certain amounts in it.

likefunny

I'm currently interviewing for a senior finance manager position with Amazon in Seattle. Levels isn't helpful in breaking down base, signing, and equity components. Anyone know an average or range?

like

Anyone know the compensation for a Mergers and Acquisitions Senior Consultant at Protiviti? Bonus structure and general hours would be great too. Protiviti.

like

do u negotiate after verbal or after written offer? and any tips?

like
like

What are the best consulting firms to work for in Chicago right out of undergrad based on salary and perks?

like

What is the salary range for AP at ZS? How long does it take to become a partner?

like

I work remotely for a series A start up, TC is about $115K + equity. I work approximately 30hrs a week in a busy week, only meet with my boss and team once a week. I just got an offer for $140K + 4X the amount of equity I currently have… however, not sure it’s worth letting go of the incredible freedom and work life balance I currently have. Any thoughts to help make the decision?
PS: I love our product, but not as passionate about the other startup

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal