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Additional Posts in Career Advice for Students
Bausch+Lomb Team Leader Salary?
Square Veeva @teletracking
Trying to decide between 3 offers remote/Columbus
Square is 84k salary 5k bonus and 80k stocks vesting over 4 years
Veeva is 100k salary 20k bonus and 25k Stocks each year forever
Teletracking is 125k cash 5k bonus
I know about Square the most and if they paid closer to Veeva and Teletracking I’d probably go there but it seems like they underpay.
The Veeva culture seems really good but it’s a sustaining engineer position for year 1 so debugging
Is biglaw litigation slow right now?
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Thank you so much for your inputs! May all of you have a blessed Christmas!
You’ll be fine. Get a roommate and you will be just fine.
If you live in SF, you do not need a car. 125k is a decent salary to live in SF. I would suggest living with roommates if you want to have more flexibility with your money.
Welcome to SF! :)
Why don’t you project your expenses out and see what level of rent you could afford while saving an amount acceptable to you?
You'll be fine. You're making more than me lol. I live in a studio in FiDi SF but still keep a decent amount of savings and travel trips.
First, you should get a good understanding of how much it will cost for you to live comfortably in SF. Do some research on the market for rental properties and use a budgeting tool (pre-packaged excel template will do) to roughly estimate your general expenses and after-tax income.
Use the paycheck calculator on smartasset.com to calculate after-tax pay for each state.
Get a roommate, hold off on the car and if you want to really accelerate your savings rate, the other big category is food and entertainment so think how much you want to save in that category (the big cities have a lot of advantages in this respect. You can cook your own food and LOTs of free or affordable entertainment). The HCOL in SF really comes into play if you have kid(s) and want to buy a house. If those are not a factor, you will find that you can do very well financially in SF (higher salaries and lots of opportunities for career advancements) with plenty of fun money or go full-on FIRE mode if that’s your thing. Good luck!
That is soooo much money for an entry level job though! Started 10 years ago at ACN and my Analyst salary was 65k (not SF but still!) You'll make 125 work that's a lot of money and you'll get raises quickly.