Is making $120,000 (not including bonus and side business money) as a 29 year old good for someone living in Toronto ?

like
Posting as :
works at
You are currently posting as works at

It’s relative. Depending on what you’re in banking vs consulting vs tech/product management.

Overall you are doing well.

I would say someone who entered consulting from their undergrad would be at about manager and even senior manager (engagement manger) at 29. I would say you could hit anywhere between 110 and 200+ most of my peers are about 140 to 180

However if you pursued other interests like advancing your education, experimenting with other career fields, pausing so you can focus on life or travel or if you decided to pursue true expertise and became a SME or advance your skillsets —- hitting 120k is more than impressive

like

Only you can answer that question. You can't compare yourself to others. It depends on your lifestyle. I am 29 as well. I eat out a lot, travel, scuba dive (a stupidly expensive hobby) and spend a stupid amount of money on designer bags (another stupidly expensive hobby). But that's my lifestyle. So if you were to ask me if 120K is good I'll be honest and say not really. I'm currently in the job market and my minimum base is 200. Now, I look at some of my friends that are also 29. They make 70K and still have a great lifestyle and feel like they are making more than enough. If you asked them if 120 was good they would say it's incredible!!! But again, it's lifestyle choices and what matters. I make 200K base but I have no free time and zero work life balance. I work weekends, and till 1am most nights. So ask yourself, is that 200K worth it? For myself, I accept it, because I really don't have a social life outside work and I'm fine with it. It's a trade off. So for the amount of work I do, I wouldn't be happy with 120, but if you then say 120, and I get weekends off and less hours... ya, that 120 looks and sounds great. I am saying this not to brag, but because you need to reframe your question and ask yourself what matters to you? Is it the dollar value? Is it your free time? Can you do the hobbies you enjoy? Can you afford your rent? Those are the questions you should ask? It's not the most productive to throw out a number and ask strangers if it's good. It's super subjective! As long as you are happy with it, that's what matters ❤️

like

When I was graduating I set my goal of earning 150 by 30 and hit it at 29

like

Dammit, I did it backwards. I set a goal of 30k by 150 years old. I'm currently right on track to meet target.

Yup

like

Yes

like

Are you asking if it’s a good salary for your field or if it’s a good amount to live on in Toronto?
If it’s the latter, I think you can live pretty well on that salary here. Not lavishly, and you probably won’t be buying a house any time soon, but you can live in a nice place, go out to dinners and go on vacations with that.

like

I think 120k is decent for a single 29 year old in Toronto.

like

Definitely impacts if you’re “dink”ing around. That dual income no kids is one of life’s cheat codes.

Not amazing but good enough to survive. I’d say $180k base is good for that age.

like

Teachers and registered nurses are McDonald’s workers? Plenty of post secondary educated workers in careers making in that $70-80K/year range. You might be a little out of touch over at Amazon

like

I’m older and make way less so 6 figure income at your age is solid, also are yall hiring lol

Someone single with no debt? Sure. Someone supporting a family? No.

Related Posts

like

Anyone knows how much does a senior director corporate strategy at diagnostic company such as Siemens Healthineers make? (Base, Bonus and LTE for someone with over 12 yoe)

like

Guys.. Please help..
- Jpmc(28 fixed + 8-10% Variable bonus) bangalore
- Deloitte India (28 fixed + 1.5 joining bonus) Gurgaon
- Current company (bofa) retaining with 45% now and 20% in end year (total ~28 fixed only).

CC: bofa
Yoe: 6
Current location: Dehradun/Gurgaon

Should I accept ans retain in the same company??
Please help

like

Why do there seem to be so many comparison threads of achieving XX salary/net worth by age Y?, especially amongst younger people? Is this the fallout of social media and do you think it’s a generation-wide thing, or just contained to folks in “preftigious” circles?

like

What is the salary senior software Engineer java 5 yoe gets in siemens in the current market ?

like

Hi All, Can anyone let me know what will be the In-hand salary for the below breakup
Company : Kyndryl
YOE : 4
Skill : Network and security

Also I am waiting for an offer from NTT data, any suggestions on how much I should negotiate based on the current offered CTC

Post Photo
like

Fellow front office Directors, would you mind sharing the name of your bank and your salary (no need for total comp)?

Hi all,
I have an offer for 16 LPA (fixed) + discretionary bonus
I have a HR round coming up soon with another company. Could somebody please suggest how much I should ask the other company for?
YOE: 3
Skill: Cybersecurity

like

Can someone on a Manager salary afford a $675k house on a single $140k salary? With 20% down?

saw this on portal, had asked for 30% hike on current fixed.

We regret to inform you that currently we do not have an open position that matches your expected compensation.
We have kept your profile on hold for the time being and hope to reconsider your profile for a suitable opening.

Do you think they will contact me again?

Curious to hear how Account Exec comp is being broken down for those in Canada that do Solution Sales. After many years in recruitment I’m taking on solutions. Loving it! Just don’t know what industry comp looks like and would love to hear how others in Canada are remunerated.

Have you received the salary today? Got the mail now but no credit yet in account 😕

like

Hi,

May I know what is a good salary for a R&D project engineer(2 YOE) in a semiconductor industry in Belgium?

Starting to see a lot of compensation threads and even within the same city, the variance of salary is really noticeable. I didn’t expect the spread to be this high, especially in high COL areas.

like
like

Looking for better and competitive compensation according to the industry standard in delhi NCR region either in core IT industry or IT Consulting.

Current CTC - 250000
Expected CTC - 400000

Suggest me please.

like

I work as a worker’s compensation adjuster and I cannot seem to get the hand of loss of time. Been in the same role for a year. Any piece of advise? I have made several improvements but it feels like I’m dragging it out. Last question is how do you manage claims that you have not handle for months and you’re too scared to do anything.

like

SALARY CHECK - what is the base salary for SIP consultant at ZS London office?

like

Torn between two offers-
Citi IA (MRA Validation - Risk) or Morgan Stanley IA

If base comp is equal, which one would you choose?

like

Is it possible to make a high salary in wealth management while still maintaining some degree of work-life balance? How do people do it? It's a mystery to me

like

More Posts

Hey brothers and sisters, could use some prayers. Finished a gig last week and haven’t heard much positivity in terms of positions elsewhere. Trying to remember that worry adds no hours to the day! TY

likehelpful
like

Interested in starting AirBnB in SoCal.
1. Where do I start for gaining how to knowledge.
2. What’s are the best areas to buy the property for best cash flow and appreciation down the line.

like

Looking for adding a junior advisor with 20-50mm AUM to become eventual partner if the right person and merge into a larger $130mm firm in Atlanta, GA or in Southeast.
Call 678994-6448 ask for James

like

Thinking of getting a used Mercedes C 300 2018 in the Bay Area. Finding listings for $24,000 - $28,000/- certified pre owned for single owner under 30,000 miles.

Moving from Chicago and have never owned a car before.
Any advice on how to go about the search, red flags, negotiations, pricing, etc.?

Thank you.

like

It's time now I guess. Going back to India permanently. Came to Canada for my MBA but couldn't get a job. I have prior IB exp and CFA & CPA. Did a free PE internship for 5 months. Stay safe !

like

Hello all, I work full time as an RN at the VA. I’ve been looking for a side hustle to do on my own time. I would love to review cases such as prior authorization, records for 2nd opinions, etc. The positions that I come across generally require a commitment of at least 24 hrs which is not feasible. Anyone know of any opportunities?

like

I updated account twice in my portal . The number was same though. Is there a chance I might not get salary today. I’m a new joiner.

like

What is the notice period during probation? does EY gives experience letter if someone quits during probation?

like

Any M up for a chat?

like

Any book recos for creative leadership? I’m new to overseeing other creatives and would love to be good at it.

like

Any Sales Leaders doing any of the following with their sales teams?

- Entering a new market.
- Entering an old market with a new product.
- Trying to focus sales efforts onto one objective.

I’m putting together a beta program that was successful for my current company and I want to see if it will help other leaders.

Let me know if this interests you below. Thanks!

like

Please suggest some good apartment near VISA Austin office location.. 2B/2B ..budget $1500

like
like

Hi, I'm an employee at a hotel chain who works remotely. I've been working remotely for over a year now and I love it! The company I work for is very supportive of remote workers, which is great.

But there's one thing that's been bothering me: it's hard to get feedback on my work when I'm not in the office. It would be great if there was some kind of system that let me know how my performance was being evaluated while I'm working on projects from home.

like

Looking for a remote/hybrid/onsite (Calgary,Alberta) job for my boyfriend who got almost 5 years of experience in proposal writing, RFP, RFI and bid management for a civil engineering firm. He also got an MBA, non drinker, non smoker, clean driving abstract and very polite. He gave out tons of cv in indeed job posters for the past 5 months, ends up becoming the filler candidate, took a huge toll in his mental health and we are going through some very rough patches. Can anyone please kindly help?

like

Hi Guys,

I have an offer from JPMC of 27 lacs Fixed and HR round pending for Morgan Stanely Bangalore.
How much should I ask?
YOE:7 Yrs, Stack: Scala Spark

Also which is better JP or MS? I heard rumours about Job security issues at MS. TIA

like

Can someone refer me for a role in Gartner ? I have product management experience. And this role is in product management space. I have the Job ID

I am going to join CitiusTech in 40 days. the hr said i can opt for 1 day wfm in a week. but if i am in a phi project then i am not eligible for wfh. can anyone tell me what are phi projects in CitiusTech

like

Hi Sharks,

I have 2.5 years of experience after completing MBA and want to get into consulting. If someone can please give me referral in IBM, it would be incredibly helpful.

like

Additional Posts in The Toronto Bowl

Any audit senior 3 and 1st year managers here? What positions are audit senior 3 and 1st year managers leaving big4 for?

like

BMO Audit team vs TD bank Compliance team?
Any feedback on how the teams are.

like

Hey everyone, I want to go tobogganing somewhere in Toronto, ideally Riverdale park - can someone tell me if need to get my own sled / equipment?

like

Hello everyone! I am looking for referrals in Scotiabank (specifically Research Consultant). Any leads will be appreciated. Thanks in advance

like

Looking to go back to school for software engineering any tips?

like

Anyone switched from big 4 tech consulting to big five banks? Would love to know which role you applied for and how, plus how’s the culture and WLB?

like

What should be the salary of a senior seo manager at a decent sized agency in Toronto. I am being offered 110k base + 20% bonus for hitting retention and revenue targets.

I have 8 years of experience in SEO, SEM and paid social

like

Can we have a thread to get a view on bonus amounts this year?

Bonus amount
Role level
Industry
Company name
% of gross

likesmart

I'm looking to get into production accounting, specifically interested in becoming a production accountant for a media production company. Any tips or advice? Any companies I should look into/reach out to in Toronto?

like

How’s the career for AML/KYC/EDD role in Toronto?

like

For all you Toronto transplants on here... what brought you to the city?

like

I work for a tech company that pays 100k tc plus 50,000 stock options. I have great work life balance, work 4 days per week on a 32 hour schedule plus it’s remote. Lately, I’ve been feeling like the compensation is on the lower end and just wanted to see if it’s in line with industry standards

Anybody know if there’s a Toronto Lawyers bowl?

like

How did you start meeting people in Toronto when you moved here?

like

I am a solution engineering (presales) manager, and looking to hire a Tableau Analytics SE for our Canada Public Sector team. Seeking candidates with relevant experience in technical customer-facing roles and/or analytics. Ideally residing in Toronto or Montreal metro areas, public sector experience. Bilingual (French and English) is a huge plus. Please let me know if you are interested to learn more! I don’t have the job posting yet but will share once I do.

like

Bain & Company Anyone on here interested in doing practice consulting case interviews? I am looking for a buddy or even just someone whose in the industry but has time to help.Bain & Company Deloitte McKinsey & Company

like

Hello everyone, I just moved to Toronto and looking for a job preferably as Enterprise Risk Management Specialist/Analyst. Any help would be appreciated!! YEO - 4 years.

like

We bought a condo in February 2022 then as you know prices are going down while rates are flying up 😭 We're quite worried about the value of our home and can't really enjoy it. What's your thoughts about this? PS. First time home buyers 🤫

like

Best recommendation of a nice restaurant in mid-town to take a client for Lunch?

like

New to Toronto, moved to the west end of town/ just past - in Etobicoke. I celebrate my 40th a few days after NYE/NYD - would love some recommendations on moderately priced but nice ambiance restaurants for myself + husband, and my extended family. Everyone is scattered throughout (Hamilton, Barrie, Lyle, Newmarket, North York). Don’t want anything too fancy but don’t really know where or what is good and not downtown.


Any recommendations? (Open to GTA of course).

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
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

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal