{ "media_type": "text", "post_content": "How much were you making at your first agency job? How much did your pay increase after a year? \n\nTrying to make a plan for paying off student loans", "post_id": "5fcc24e2f9ccc5002b01f426", "reply_count": 306, "vote_count": 25, "bowl_id": "5565cfca8b2b9a03009acf57", "bowl_name": "Advertising" }

How much were you making at your first agency job? How much did your pay increase after a year? Trying to make a plan for paying off student loans

likehelpful
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I also find it helpful to build out 2-3 years ahead in excel - act as if your salary stays the same and where are you then? Be sure if you get raises not to increase your cost of living and then all raises can help with savings and loans. For your loans it depends on how high your interest is and how aggressive you want to be. If you have low interest and a stable job I recommend higher payments sooner to crack into them. If you have high interest make sure to make consistent payments otherwise interest really adds up.

helpful

Okay, buckle in... I’m 50 and have been doing this 25 years. In 1995 my first job as Jr copywriter I made 28K in a big city. I doubled my salary about every 4 years. 1999 58K 2004 110K 2008 225K (Now, pay attention to this...) 2013. 600K 2015. 450K 2017. 300K 2019. 180K Save your money as you grow in this career, friends. Don’t inflate your spending as much as your position and salary goes up. Invest. It gets hard and lonely at the top. Choose your moves wisely. Listen to your gut.

likehelpfuluplifting

It’s crazy how lucrative the AD world was. I started making 55k my first year in. You were making 58k in 1999, that’s 92k in today’s time.

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... pay increase after a year? Lol... dont bet on that

likefunny

I’m at an IPG agency. Going on four years and me and my team have gotten at least something every year. Wpp was a different story

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40k>45k>50k>96k>80k>70k This is over 5-6 years. Went in-house for a bit... then back to agency.

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I never said I turned down a job because of higher taxes nor would I ever do such a thing. I’m just showing that even though my salary is less, I’m somehow not taking home equally less, if that makes sense. It may not even have to do with taxes, as I stated, I was mistaken. Also the work I’m doing is exponentially better than where I was and I’m still working until 5-5:30pm. When I was in-house that wasn’t always the case. I don’t think in-house/agency work life balance argument is black and white. There are grey areas.

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28k > 32k I thought I was rich.

likeuplifting

I feel you too! I basically make the equivalent of what my parents made when I was like 12. In comparison, that feels like a huge achievement and that things can only get better.

uplifting

35>40>45>new company>52>58>new company>65>70>80>100>120>140>180

likehelpful

2014: 55k 2015: 57k 2016: 67k 2017: 74k (Promotion) 2018: 90k (Left to a new studio) 2019: 115k (Left to a new studio) 2020: 130k (Left to a new studio) NYC

likehelpful

Thank you for including the years and city for context!

likehelpful

Agency Job #1 45k Agency Job #2 80k, 85k, 100k, 105k

likehelpfulupliftingsmart

First 4 years in academia for $7 an hour, 1 year in finance for $15 an hour, 1.6 years at Agency #1 and 5.5 years at Agency #2 (where I started as a senior, eventually got a raise, and eventually was promoted, and then got another raise.)

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Not representative but... First Job - 65k +10k bonus Second job a year later - 80k Promoted 8 months later - 100k

likeuplifting

NYC Oh and I haven't paid my loans yet because they're very low at like 30k (state school) so I just keep them on auto pay to build up my credit. I could pay them off today if i wanted tho.

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43.5>45>46>50>65>80 Just under 7 years. In a Canadian market though.

likehelpful

It’s with a One Show shortlist and a lot of press all within the last year. Not Toronto though

Agency - 40k, 50k New Agency - 80k New Agency - 105k, 120k New Hot Agency - 110k New Agency - 165k New Agency - 180k InHouse - 250k

likehelpful

@JuniorArtDirector I actually started as a Junior Art Director. @ProductDesigner locations NYC

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2012: 28k @ asst. media planner 2013: 30k @ asst. media planner (new agency) 2014: 30k 2015: 35k @ media planner (promotion) 2016: 45k @ media planner (new agency) 2017: 61k @ senior media planner (promotion) 2018: 61k 2019: 75k @ marketing manager (client side) 2020: 95k @ director of marketing (promotion)

likehelpful

Media also pays lower, especially at junior levels, because they try and sell you on all of the free lunches and stuff you’d do with vendors (even though those perks aren’t what they used to be and even back in the day those things didn’t help pay rent)

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47k (New agency) 60k, 70k (New agency) 85k Over 3.5 years. I've gotten the most money by hopping around.

likesmart

Same: 55k > 80k > 115k > 95k

40k Jumped to new company 58k Jumped to new company 90k Total of 4 years of working

likehelpful

Yup, all agency side too

helpful

Key is to control lifestyle inflation. You can earn as much as you want but if one scales lifestyle accordingly you are essentially saving the same as where you started. So don’t get fancy until all debt is paid.

likehelpful

$24k>$28k>...ah, never mind. It was a while ago.

likehelpful

$30k in 2012 agency #1 $35k 2013 same agency $38.5k 2014 same agency $42.5k 2015 same agency $58.5k 2016 client side $60k 2018 agency #2 $80k 2019 same agency $105k 2020 client side $130k 2020 agency #3 All non NYC but not exactly cheap cities either.

likehelpful

2012-2014 associate digital strategist 2014-2016 digital strategist 2016 -2018 associate digital analyst 2018 - 2019 junior strategist (this was to get me in with the holding company 🤢 it was never correct) 2019 - strategist 2020 - senior strategist I think it was easier to get a bump with the confidence to ask for what I deserved after 7+ years in the biz. That jump from 60 - 80 was because I got recruited by and offered a role at Amazon (turned it down) and was like hey - I’m worth this much in Seattle dollars to a massive tech company, I should act more confident and ask for the equivalent in where I live dollars. I had a few non strategy disciplines reach out to the head of the dept on my behalf telling him that just because he didn’t see the value in my non traditional background didn’t mean that I wasn’t extremely valuable. There were 4 diff department heads bothering him about it weekly for a few months. When I came home from Seattle I was handed a 35% raise and promo without a review. This was after my attempts to force a review were ignored. The next two roles I carried that confidence into my negotiations.

likeuplifting

2007-2009: 34k, 36k, 42k 2009-2011: 62k, 68k 2012-2016 (didn’t really start making a dent in student loans until this point): 92k, 98k, 104k, 120k 2016-2020: 168k (student loans fully paid off), 178k, 202k

likehelpful

I really wish I had something interesting to say there, but my method was “get a huge raise and do not increase your spending at all for a few years, then get another huge raise.” Sure I did a couple of smart things during that time like not move between cities (v expensive), stay in the same relationship (breakups are expensive too!) but the only reason it made a difference was because I also had big influxes of money coming in all at once.

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NYC, all same agency 2014: 35k + OT 2014: 45k 2015: 50k 2016: 62.5k 2018: 92k 2020: 120k

likehelpful

Media. As to the student loans thing — I had a $30k loan and paid it off between 2014 & 2018, making monthly payments and throwing increasingly large hunks of my tax return at it. Not the best financial strategy bc I ended up racking up a lot of credit card debt to be able to live comparably to my friends, which took another year or so to pay off. I’d do it differently now, but it felt like the only option when I was a lower earner The best thing I did in planning student loan debt was to calculate out how much of each payment I made went to principle vs interest, and my goal each month was to reduce the interest portion by a certain %. It made it more satisfying/gamified and encouraged me to go beyond minimum payments whenever I could

like

First job 45k>50k>55k>67k (I pushed for raises every six months over two years) Second job 75k> hoping for 85k/90k raise in the spring

likeupliftinghelpful

I was taking on a lot of work and would email a list of responsibilities and request a meeting. It was a super small company and I was there from the jump so I had a lot of leverage. The second job is agency in NYC

helpful

$35k —> $57k. promoted out of an entry level role in a year. over the course of nearly four years and 3 diff agencies: $35k—>$125k. NYC.

likehelpful

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