{ "media_type": "text", "post_content": "How does everyone here make 6 figures. I make 54k at 24. What am I doing wrong.", "post_id": "607d9d32014958002fa53962", "reply_count": 158, "vote_count": 14, "bowl_id": "58f0df008ad7250010f8c590", "bowl_name": "Compensation", "feed_type": "bowl" }
null

How does everyone here make 6 figures. I make 54k at 24. What am I doing wrong.

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

You need to progress your job responsibilities from supporting (low value work) to owning/decision maker. Reporting can be automated, analysis and recommendations cannot be. You should probably combine up-skilling with job hopping, but job hopping alone will also not help you if you are not growing your skills at the same time

- If there’s a lot of manual work in your job, figure out how to automate it
- As you automate your work, dig deeper and provide recommendations to improve whatever end KPI the report helps support
- Once you can execute your day to day work at max efficiency, then focus on deepening your knowledge of a particular industry or technology. Deep technical expertise + the right perspective to make decisions is your best shot at breaking into 6 figure job
- As you gain trust in your recommendations, this is the point where you really need to have strong soft skills and organizational skills. This along with your deep technical/domain expertise gets you into decision making roles and where you start getting closer to a 200k job
- Once you show you can own something smaller, it’s about continuing to grow into bigger and bigger ownership. Your leadership skills will matter a lot, because the company is paying you not only to make the right calls, but to also build more “clones” of you, since up till this point you have been very impactful to the organization
- Once you have the high in-demand skills to be the go to person to solve “any” problem, then focus on getting a job where you get significant equity. To earn big money, you have to embrace variable comp

likehelpfulupliftingsmart

Yep feel free

Your 20s are for experience, your 30s are for making leaps in compensation.

FWIW I wasn’t making very much, 37k at 24 in 2007. When the market crashed, my friends in private equity, consulting, and fin svcs were mostly laid off. I kept my job at a fintech startup and because of that experience(working my arse off, wearing so many hats, and managing teams in my early 20s), I had an easier time getting interviews for, and growing into, more senior leadership roles starting in my late 20s. I also followed my curiosity rather than The Path, and that gave me experience with things like human-centered design before it became really popular so I could make a career change. When it became popular, I was very fortunate to already have experience.

Note: When I began earning multiples of my starting salary, I was not very smart and lived paycheck to paycheck. My spending was compensating for being miserable in my new job and the very toxic environment that went along with it... and I didn’t have much to show for it. Many of your peers earning more than you are, and likely many of the people here in this app, are suffering from really toxic work environments and lots of stress.

I ended up leaving, taking a temporary pay cut for a different job, hired a fee-based financial planner who I had to be accountable to, and found a few hobbies that helped me channel job stress into feeling and looking better(running, cooking, biking). Guess what? I saved more and enjoyed my life a lot more even though I was earning less. When I took my next big job with a much bigger paycheck, I was able to do a lot more with my income, take better care of myself and establish my FU Fund. My FU Fund was several months of living expenses saved specifically to give myself options when I managed to take a position reporting to a total sh*thead in an extremely dysfunctional organization. The confidence I got from my FU fund, plus all of those skills I acquired in my 20s while not earning very much opened up some amazing opportunities while being a relatively happy and healthy human.

I hope this helps.

like
Recent IconRecent

$60k - 22
$105k - 23
$250k - 26

Switch jobs!

like

Are these real? Wth did i do at 40?

Real talk, we probably went to better schools

likefunnysmart

@EY5 wdym

50k - 24
56k- 25
60k - 26

Switched jobs

75k - 27
80k - 28
90k - 29
110k - 30
120k - 31
130k - 32
140k - 33

Switched job

275k - 34

likeupliftinghelpfulfunny

What’s the point ?

like

I made the same at that age. Build up tech or strategy skills, move to consulting, and grow your earnings. You will eventually get to 6 figures and more

like

Good luck!

like

I barely made $31k at 24 because I had to work entry level positions after UG. Breaking into consulting has helped bring my salary up significantly.

But remember, comparison is the thief of joy. Everyone will have their time.

like

The game plan and direction are your main prob. If you made a plan and worked towards it, you could get there in reasonable time. Focus yourself, figure out what you want and how to get there, and do it!

like

Pardon me for saying, but, you’re 24. Calm down. The median HOUSEHOLD income in the US is around $60-70k, depending on various analyses. In a few years, you’ll likely be at the median income at a very young age, as this stat is not adjusted for age (nor is it adjusted for individual vs household). If we did adjust for age, I suspect you are way above the median.

What I believe you are doing is comparing yourself to a small and particular subset of the population. You can keep doing this the rest of your life, until, perhaps, you are comparing yourself to billionaires and still asking what you’re doing wrong.

For reference, I was making $40k at 25. Quadrupled that after 7 years. To the extent you can, pick a field with high earning potential, master the job/field, and watch your income soar. The starting point matters, sure, but so does your pace, once you start the “race” - an apt term, given your post.

like

Lol keep skilling* is what I meant

like

I made $44k TC when I was 24, I’m 32 now and make ~$275k TC. I’m certainly not making the most for people my age here, but I’ve always been comfortable and had fun along the way. If you would have told me I’d be making this much at 32 I would have laughed in your face. All that to say, focus on what you want, if it’s money, then focus on getting money.
Always be looking for a job that pays higher and building your skills to reach that next level. Be prepared to jump and constantly be starting over/proving yourself (this is the hard part). I jumped a few times, got promoted a few times and finally broke $200k last year and added another $75k this year. You got this 💪🏼 and I’m sure faster than I did.

like

Thanks for the advice!

like

24 - $53k
25 - $75k
26 - $95k
27 - $120k

Jump around and build up in demand technical skills

like

Sure.

$55k - 23 (Boutique firm)
$102k - 24 (ZS)
$115k - 25 (ZS)
~ $260k - 26 (started a company 😊)

like

@C5 haha I see. There was one particular VP at said boutique who had very unorthodox ways of doing things.. I enjoyed working with him. Quite a character.

I’m in my mid 30’s and make 70k. Don’t beat yourself up. Don’t compare yourself with this crowds delightfully inflated salary bands as well. It will drive you insane.

likehelpful

I barely graduated high school, attended a community college with no plan, then ultimately a state school and got my BA. I’m as blue collar as it comes, no mba, no mom and dad connections, no fancy school or anything.

Keep grinding eventually people notice.

21 - $40k - job 1
23 - $50k - job 2
27 - $80k
28 - $115k - job 3 (big 4)
30 - $159k (TC around $170k)

Shooting for $200k+ by 35.

like

Can you provide more details on your current role? What company? Are you in FP&A? Industry?

like

Ok - you need to find a way to frame your experience as less of a doer and more of a driver. Pumping out reports isn’t going to elicit a lot of excitement from consulting or tech companies. They want to hear what progress and change have you driven? Did you lead an effort to overhaul and improve the reporting processes at your company? Have you lead any work? Ultimately hiring managers pay a premium for people who can take a very vague ask or identify a broad problem and drive a solution without direction.

likeupliftingsmarthelpful

Switching jobs will probably be the easiest. Keep on building up leadership experience and technical skills. I honestly didn't care about money until children came into my life.

18-25 Poor!
26 $45k
28 $60k
30 115k
32 130k
35 160k

like

How can I build leadership skills and technical skills. Im not entirely sure where to start with technical skills.

I didn’t make $100k until I was 30. I’m making $240k TC at 35. Everyone has a different way and comparing yourself to others is the most toxic thing. Learn from them, but don’t doubt your path if you have a strong conviction on what you want and how you want to get there.

likeuplifting

Also don’t forget to take into effect CoL. 54k at 24 (depending where you’re at) can be a fine salary that enables you to have a great quality of life. Source: I make 58k in a medium-low CoL city and turn 24 in a couple weeks.

likeuplifting

Cincinnati.

You are being honest

likefunny

At 24 I made $11k/year working full time and was on food stamps. At 30 I’m making $125k as my base. If I can make it, so can you.

likesmart

You gotta crawl before you walk. Youre not entitled to 6 figures...also your salary is not indicative of wrong doing. Your salary is representative of your experience. So chill. You’ll get there.

like

(Comparison/envy)
Its natural to compare yourself to others and feel like you aren’t where you should be. But be grateful for what you have and if you want more go get it!

Post Photo
like

Related Posts

Any company hiring Node.js / MEAN Stack Developer ?

like

All,

What are your views about exit opportunities from an internal audit position?

like

Def got ghosted for asking v high salary. Did well on interviews. Is it too weird/desperate to send another follow up email after more than a month, explain how I accidentally asked for that much $lol

likefunny

Hello Fishies! I'm looking to get an idea of salary for AWS UK (London) for L5 Non-sales role.
Currently in the recruiting process without any visibility on this and want to make sure I do not under sell myself.

Thanks all

like

Thoughts on working for BCG network companies such as Brighthouse, Digital Ventures, Omnia, Expand etc? Are they considered BCG and is there a good exit from there?

like

I got an offer from Goldman Sachs for an Analyst level risk team position. I just reviewed my offer letter, and there is no sign on bonus. Is this normal for GS? Should I ask? And how much should I expect? Goldman Sachs

like

Has anyone moved from risk advisory to a project management role in industry? How was the transition?

like

Hello Fishes ,

What is onsite salary (in Germany ) in EUR gross package and in hand salary you are getting with 15 years of experience .

For TCS or any other company.

Best regards

like

Help with a salary request for me in the US? I live in the Nordics and salaries are well below the US level.

PR and communications pro with 8 years of experience (agency and in-house). Experience in tech, startups, finance and science. Pitched successfully to Fast Company, Forbes, CNBC and others. Have supported and trained C-suite in crisis situations. Skilled PR and comms strategist.

Master’s degree, fluent in two languages and intermediate skills in two others. How much should I ask? Range?

like

What’s everyone’s opinion about nasdaq? Good exit??

like

Anyone from American Airlines who can give me a referral?

like

SC to M. What’s others experience with the salary bump range?

like

What’s the one thing you wish you would have known or done differently if you could start you mba applications over?

like

I was wondering if anybody has negotiated base salary with Deloitte before accepting the offer ( but after getting offer letter ) and has been successful ? Trying to get 10k more on the base but don’t want to be greedy. Thanks.

like

What's the salary bracket in Cognizant for Associate grade.? YoE- 3yrs

like

As someone who focuses on TAL/PER, should my next cert be in Learning or Recruiting?

like

Hey cuties, what are your ‘plans’ for the near future? They can be anything from keeping your job to exploring exit opportunities. I’m bored and curious!

like

Can anyone please guide me on Google cases for associate role? I want to brush up my casing skills and understand the interview format. Any suggestions will be incredibly helpful.

like

Hi Fishies,

I want to Switch for a Better role in Consulting or Operations.
YOE - 2.5
Position - Branch Manager
Current Industry - Insurance.
Education - BE Mechanical + MBA Marketing Tier 2 college.

Please suggest I Handle Motor Claim, and need to switch from the profile further to switch industry !

like

#Urgent and Active Openings

L&T Infotech is hiring Pan India for below roles: Interested people can drop their email id's and Names with respective Job Id's .

Post Photo
like

Additional Posts

Rant: just found a love letter that my gf’s ex wrote to her back when they were together. (About a year ago.) It’s such a sweet letter. I’m not even mad she kept it, just feeling kind of jealous/etc.

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

For account settings, visit Fishbowl on Desktop Browser or

General

Legal