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How can the Big 4 expect analysts to work so many hours for not much pay? $70k starting salary with no bonus potential working 12 hours per day when industry jobs pay slightly less and are 9-5?

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There’s so much bad information on this thread it’s not even funny. You don’t make 200k as an actuary until you’ve passed multiple exams and plenty of actuaries never even pass all the exams necessary to even get to the 200k a yr range, let alone 150k cuz they give up after a few exams.

Iron workers don’t make an average salary of 160k. ey2 your friend is an outlier. Iron workers probably start at around 50k and maybe top out in big cities like New York at 125k. Your friend got lucky

Also, there aren’t any trade school jobs that pay you 120k straight out of school. Maybe with a great deal of experience but def not entry level. I believe elevator repairers/installers are the highest paid trade gigs at a median wage of 80k a yr. That’s not entry level. That’s after a few yrs of experience.

Also, McKinsey, I’d estimate as analyst you’re making 80k base with 5-10k in bonus. How are your friends making 30k more than you considering entry level nurses make an average of 67k, maybe 15-30k more if you’re a travel nurse?

In regards to oil, I have friends who have worked and still work in the oil fields of Texas and North Dakota and yes, it’s possible to make 100k and even more once you get some experience but you’re working 12 hr days in the middle of nowhere with literally no weekends off but maybe 2-4 days off when they move the oil rigs every other month or so. It’s not a good lifestyle.

likehelpful

You get what the market says you’re worth. You decide whether you want to grow at EY or go someplace else.

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What 9-5 industry jobs for people right out of college pay anywhere near 70k?

likeupliftingsmart

Future prospects

likefunny

IBM 2 - Every single energy company

likesmart

You can always go to construction, my friend makes 160k a year as an iron worker...not a cent in school loans

likefunny

The jobs paying staff $70k are never just 9-5

likehelpful

OP you seem pretty smart. Why did you pick Big 4 over FAANG?

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^ok so unless you studied chemical engineering or something like that at a top tier school you’re not going to get that job. Being someone who graduated recently I can tell you that most people are coming out of college these days praying they can land any job doing anything and making no more than 50k at best

likesmart

Lol the same reason when you took the job you were so excited. There a million people that want the job. Sack up and get used to it

likefunny

Yes, yes, C1 and Deloitte is harder to get into than Harvard. *clicks heels and repeats “I do believe”*

likefunnyuplifting

Overachiever insecurity complex

likesmart

You can go work in the oil fields of West Texas and 100k/year. Work 16 hr days and get strung out in Meth and beer! And like the iron workers no degree required and no student loans debt!

likehelpful

Also a lot of my friends did nursing - they make $30k more than me, and work 3 12-hour shifts a week. They can find a job anywhere in the country they want, and once they leave work it's done- no phone or after hours emails. Kicking myself now wishing I'd gone that route instead

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Says a lot when a BA from McKinsey is kicking him/herself 😋

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Analysts you need to know the reality: here wait for it...ready? Your inefficient, inexperienced, and your job is to learn. Since you are both inefficient and not experienced it will take you 30% longer than others. Hence you spend 50-60 hours working opposed to 40 who produces the work the right way the first shot.

likesmartfunny

This is where you earn your stripes. There are plenty of jobs out there that will pay you hourly or commensurate with a 9-5 schedule. Don't think of it as getting paid the hours you work, but getting paid to soak up as much as you can right now.

likefunny

Same here - I feel like I was tricked haha.

likesmartfunny

But very few analysts stay beyond 2-3 years. Unless you mean post-Big 4

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Tech pays 100k AND free food AND stocks AND WFH for 9-6 work for entry level jobs.

Be smart

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This thread is a great example of how people exaggerate and also talk about outlier cases as being the norm. Most of the other jobs and related salaries are not entry level. OP would not be making that much if OP were to leave.

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