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Chief
McKinsey & Company Anyone at McKinsey & Company willing to refer a Marine veteran (OIF, I swear I will not eat all the crayons. "Crayons" are for art is what my wife tells me to tell myself)
5yrs Marines (Sgt, Comm maint tech w infantry Bn)
8yrs in Oil & Gas (engr coordinator, qty surveying and proj ctrl)
CM undergrad
MBA (professional program, graduated May 2022)
I'm looking for a role in McK serving O&G, industrial, capital projects clients. Open to generalist roles as well. Can review for vetting.
Hey Folks. I hope I am posting in the right space about this. Anyone knows the updated(2022) compensation range for QA Automation Engineers with 2 years experience?
A general range at Glassdoor has an average base pay at 110K/year shorturl.at/dhuIZ and I am looking for more sources. Cheers
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I can relate.
Rising Star
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I would chase a lifestyle and freedom more than a number. What are the chances will be miserable busting your ass just for a number? As opposed to finding a job / life combination that gives you good personal energy and happiness.
I'd rather make $250k - 300k in perpetuity, have a schedule I control, a job that I find interesting, time to spend with family and friends.
You may be lucky and feel fulfilled, find personal energy on the journey to $800k. Most will not. They will be unhealthy, unhappy, empty.
My $0.02.
You really need to ask yourself why do you need that amount of money. Whether it is luxury, security, or helping out less fortunate loved ones, there’s little chance that scaling up the AMOUNT will bring the desired outcome. There’s always another boat, perceived risk or cousin in need. There’s little correlation between income over a certain amount to happiness, and if there is, it is inverse at a certain level.
In order to also be helpful, I think it is hard to make your WORK be valued at $1M per year. I am, presumably, on the “fast” track to do that, MBB with partnership 8-10 years down the road, but it is SO far from certain. Literally anything can flip the boat, and even if I will want to get there, and not burn out along the way, any change I can’t control can send me back searching, like economic environment, a bad case that throws you into a spiral, or a partner that has their sights on you. There’s no guarantee even if it looks like there is.
Once you’ve embraced the uncertainty, you understand that nothing is guaranteed, and you understand that in addition to the value of your WORK there’s the value of your CAPITAL. Begin living way below your means today, build up equity and invest in ventures that produce additional value, and then invest that value. It’s not certain, but it’s closest to it, and you will be able to get close to that goal in 10 years time.
In short, maximize your current career track income while minimizing time invested, and use the free time to create additional revenue, until it shades the day job. Save ALOT, and keep your eyes on the prize. Good luck!
Financial Independence Retire Early
I’m sorry but project management skills are not that special. I mean it’s an administrative position. I would be shocked if you could come anywhere near that salary.
Take Capital Ones advice with a grain of salt, I disagree. I left KPMG Strategy to FAANG corp strategy, and I’m rejoining Tier 2 next year. PgM, specifically tech PgM skills are incredibly necessary in consulting and strategy work especially, and you’d be shocked as to how many MBAs lack this basic skill. Business acumen, some type of tech background or experience in tech, plus strategy consulting/M&A deal based work will get you to your goal, but it might take you longer than 8-10yrs. Target partner by 40yo, and start by getting back to a B4 strategy house.
If this is an honest post, maybe reflect over why you need the $800k-$1,000k income (top 0.1% in the world) and how much effort you are willing to put in. Someone above mentioned med school - are you willing to study your ass off for the MCAT, grind through 8+ years of med school/residency/fellowship, and take on 200k+ debt? Are you willing to work 80+/hr weeks in IB to try to land a PE gig and then work even more hours in PE? The opportunities are there but if you are looking for shortcuts, you'll likely be disappointed. Ask yourself, if there is an easy way to 1M$, why isn't everyone doing it. What uniquely qualifies you?
8-10 years is a short cut to $1M annual "salary" from your current career path. Even many who are still in consulting won't make that at the 10 year mark. Unless you launch your own successful business or become successful in the entertainment industry.
Chief
That’s unrealistic without making partner or senior corp leadership.
Rising Star
For context on EY1’s stuff they spend like 10 years in residency as well. It’s like slogging it out at MBB for 10 years while your ginormous student loan accrue interesting. These people work hours and put in work nothing short of partners, if not more.
I wish I could get actual thoughts and not the laughing emoji.
CO1 be better please . K bye.
I don’t think that is possible on your current track. Your best bet (other than consulting) would be to use your experience to land a tech PE job or get an IMO role that’s busy doing corporate transactions to eventually land an SVP role in that compensation range.
Integration Management Office
Entrepreneur or owner of some kind. I made the jump to a new boutique that was just starting up and growing, and am tracking to exceed this comp in first full year. It was a risk for sure, and the comp is volatile since the success is entirely on you and the other owners to sell and deliver, but upside is tremendous.
Really appreciated! Never thought about buying a small company!
Why that specific 800K-1M range?
That range or higher really.. was trying to be somewhat conservative.
F
As others have mentioned there are only a few paths where you're on the payroll for that amount of money, and there are very few opportunities. Senior leadership, specialty physician or lawyer, FAANG's top rungs of engineering, etc will require expertise, hard work, and lots of luck and political maneuvering.
The other (more likely of success) path is to go your own route with real estate or some form of entrepreneurship like opening up your own consulting firm. Being on someone else's payroll, this sort of pay is difficult to justify.
So I’ve realized. I may have to merge payroll with some entrepreneurship on my end to get there. Really appreciate your input!
If you have good people skills…. See if you can rotate into a sales / account manager role in Meta. Top performers get paid $$$
The way to make that kind of money is to be in a role that drives $ for the business. High risk, high reward. Corporate development, BD/Sales, product in industry roles, or consulting/PE/highly competitive medical fields. Program management tends to take too down strategy and then implement it, but doesn’t actually make the major decisions that translates into dollar signs, but rather make decisions on how to best implement the higher level strategy. Everyone else who has mentioned that if $ is your goal, you’d likely have to make a jump to a different role, which comes with its own considerations.
Ops roles tend to decrease cost, not increase revenue, which is why they aren’t paid as well.
Even as a non-tech pgm you can progress to Dir and make around $600-800k. Sr Dir is around $800k tc. What level are you and do you see this opportunity?
Doesn’t really that work way. It’s not guaranteed or linear. If you’re really good you can get promoted at 1-1.5yrs up to 6. I’d assume 7 will take 1.5-2yrs earliest. 7 to 8/dir takes the longest as it timing/luck plays a factor (need the hc to open)
Find a Chief of Staff role, work in the role with senior executives of the company and kick butt for a few years. Depending on the company and your performance you might be considered for a C-suite/VP opening. If this doesn’t happen you can pivot to another as a CoS and hope for an opportunity and even start applying directly to C-suite/VP roles now that you had this type of exposure.
Once you secure one of these roles, just focus on performing and the money/opportunities will follow.
Or, transfer to Amazon when hiring freeze ends. Join as L6 non-tech Sr PM. Lateral transfer to L6 Sr Product Manager in 1yr. Then make the case to go to L6 Sr Product Manager Tech (you should be at $350-400K TC at this point). Laterally transfers from job family to job family is very doable. After 2yrs, try for L7 PMT promotion for a TC around $500k. Then, work your ass off to make L8 PMT and your comp will cap at $1.5M.
This is actually more doable than you think, and you will make L7. L8 will require some finagling.
Omg thank you!!
that's funny 😁
Would really love to hear your thoughts. As a SC, do you think you won’t make that much if/when you become partner in about 6-8yrs?
Go be a doctor
Why sell yourself short at just $800k-$1m? Take some calculated risks and go start your own company.
This has definitely been on my mind a lot! And this post just drove me closer to that goal
Did anyone mention marrying into money lol? I mean, no bad ideas in the brainstorm phase.
But seriously a way more realistic plan could be you aim for 500k and a partner is making 200-400. That will get you close as a household!
Hahaha I’m already married with a kid so that first option might be difficult, but I appreciate the household income perspective 😊