Hey, so i started a new job out of
undergrad TC 85k, i want to make
120k by next year, (next job hop), im
in tech consulting but still an analyst,
what companies provide that salary at
1 YOE, what are some tips to reach
that salary, by next year, please, this is
due to fam obligation and personal
issues.

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Some tips? Take the first 2-3 years to actually learn and not worry so much about the money, it will come a lot handier in the long run and open even greater financial opportunities.

likesmarthelpfulfunny

This is the right answer

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Consider that your salary is a reflection of your market value that you bring. Then ask yourself if one year of experience straight out of school has a high market value.

That’s not an insult, it just is what it is. You don’t even know what you don’t know yet. As you gain experience and can bring more value, that will trend up.

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Ahh i see what youre saying, noted

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It’ll be more reasonable to expect this after 2-3 YOE

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I promise you its not entitlement, but i asked a genuine question and people want to joke about it, so im just returning the same energy. I appreciate the real advice however. It changed my perspective

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Lol

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40% raise from a lateral move is possible, but typically you need some relative, in-demand expertise. This would likely be closer to 2-3 YOE.

With that said, try to slow things down. Concerning yourself over a big raise when you just started a new job is not a good mindset to have. Patience, hard work and high performance are required.

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Yea youre right, should focus more on today than tomorrow

Individuals move jobs, and on average make 30% more than those that are loyal to a single company. However, they underperform those that are loyal, fail to develop a professional network to lead to senior level positions, among other challenges.

I’d recommend instead of looking to jump ship left and right, you prove yourself worth the higher income and have real conversations with your existing company and come to the table with an offer from another company. They’ll likely meet you somewhere in the middle if you’ve proven your worth. If you haven’t proven your worth, they’ll let you go and you still have the other offer in hand.

But be warned that you won’t be happier at the new company, and as others have made perfectly clear, the added pay comes at a cost, and that cost can hold you back longer term.

Loyalty can definitely pay more in the long term if you’re a high performer with a little ambition. My case is anecdotal, but I’ll share it anyways. In 7 years at Accenture, I’ve managed 4 promotions and have enjoyed a 17% annualized growth on my income. If you prove yourself valuable, the right company will pay for you, but might take more than a few months to prove that value.

likesmart

This is great advice. After a few years jumping around, I ended up at AFS this year. What has helped you continually grow your salary there over the last 7 years?

It's going to be a lot easier to hit that mark after your first promo at Huron - do not do not do not just lateral over to the next job because they hit your magical number. You need to make vertical progress if you want to see real, long term money.

You might hit that 120k mark right away, but if you think about a long term career arc, you are re-living your entry level analyst phase at a cost of at least 1 year, maybe 2.

Be selective about what you work on - not sure if you're tracked into a specific technology, but I often see careers sandbagged by SAP because that is such a prevalent, commoditized skillset. I'd avoid it. Salesforce, Celonis, and Adobe Experience Managwe are all hotter areas that could help you hit this number.

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Thanks I1. Really appreciate the break down. I find it to be a bit through in my experience. My firm has a huge offshore implementation resource base

I did approx this (82k -> 115TC, <1 yoe when I switched). Tech is the only field to do it, and you should find a technical group (where you can objectively prove skill) to interview with. Know your “stack” at a fundamental and technical level, practice interviewing, and you can do it. I switched from big4 cyber and was appalled at how little most of the seniors/managers/senior managers knew about fundamental topics.

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Sure

helpful

It’s definitely possible. Started at Deloitte at 75k (analyst) out of undergrad, left to a startup after 1 YOE for 140 TC. Like many others have said, focus on the skills and what you’re learning. The money/offers will come as a byproduct of having industry valuable skills. You can do it!

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Man I cannot wait to see all these kids with <3-4 YOE and their exorbitant salary demands be complaining about being the first ones to be laid off when the economy takes a sharp left turn.

If you want a quick paycheck go for it. But I would echo what others have said you and urge ALL less experienced resources to spend those first 5 years focused on professional development and learning different businesses as best you can. It will pay dividends in the long run.

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Riiiiiiiiight… right, right.

You could jump to a consultant role at a different company and negotiate your salary. I would start the job searching process before the 1 year mark. I did it.

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Thank you, finally someone thats not kicking me for believing that its possible, what practice where you a part of

likefunny

A lot of good advice here. For reference, My career in the last three years:

Small company analyst - $60
Fortune 50 Ops Manager - $77
Complete Data Analysis cert & PMP
Big 4 SAP implementation - $128
Start part-time T10 MBA
Big 4 Strategy - $128

My goal in two years is Google/Microsoft for $185+

In my experience, you need three things:
1) Be known for something - my data analytics skills put me in demand in my companies, which brought me on to bigger projects. This strengthened my resume each time.

2) Have advocates. Similar to #1, you need Sr. management people to pitch your name and speak well about you and your capabilities. This usually comes from doing good work for them

3) A high-level network. Starting my T10 MBA, even though it was part time, opened amazing doors. LinkedIn reach-outs are well received if you can establish a common connection. If you're trying to make a big jump quickly, it won't come from a cold application or a recruiter. It will come from a connection putting you in the front of the line and vouching for you.

All that said, if you really have the skills and can prove it, I'd hit any sort of networking you can. Be targeted to a skill you can prove. Craft your narrative. Everyone will ask why you're jumping so quick. More money is never what they want to here. They all know it, but you need to sell a better answer.

If you can't pivot now, spend 1-2 years purposefully building 1, 2 and 3. Each of my pivots came from some combination of these things.

Good luck and keep driving!

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Amazing progression, congrats to you, and thank you so much for the great advice

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Do you have any technical skills? You can maybe make that contracting if you can prove that you can do the work.

Do you have an MBA and can do some strategy work? A lot of the firms pay well for top candidates even at entry level.

It’ll be a bit tougher making that in industry as i think your competition will probably have around 3 to 5 years of solid experience. Maybe if you can network.

Also, not sure about your specific situation, but imo your family has no business "obliging" that you make a certain salary.

No ones forcing anyone to do anything

I suppose you could get a 1 year MBA from a top 10 school, then $120k would be reasonable by next year. Otherwise if you don’t care about WLB at all then IB or Amazon would be your best bet for that salary at 1 yoe. Or move to NYC or SF and that would be a typical starting salary there.

IB is probably the way to go then.

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