This is pretty crazy. To be honest, I don’t think I was worth a six figure salary back when I finished undergrad, even when accounting for ~10 yrs of inflation. I graduated from a top 10 US college with a degree in econ and polsci with good grades.
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This is encouraging, and it’s an issue with strong bipartisan support.
“Overall in these counties, teenage pregnancy rates dropped by 1.5 percent in the first year of TPP funding, but fell by approximately 7 percent in the fifth year of funding for an average reduction of over 3 percent during the studied period.”
https://www.nyu.edu/about/news-publications/news/2022/february/federally-funded-sex-education-programs-linked-to-decline-in-tee.html
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My question is how much does it creep up into pay for more senior levels..?
For us comp at senior levels is pegged to C comp (it’s a defined multiplier) so those increases do flow up
It’s just the market. And good for them. I made something like 50k my first job outside the US and thought it was great money, but definitely no sour grapes about folks today making more - after all my salary benefits from all the inflation as well since my senior comp is a function of entry level comp.
I graduated at the end of 2009 from a top engineering school but with a shit GPA - fuck you Georgia Tech. My first job out of college was $40k - I was just happy to have a job in that market. Now I’m at about 5x that, but it was a slow journey. Graduating in todays market will pay dividends for these kids if they’re smart.
I graduated in 2007, I don't know what's it's like to be showered in cash. Congrats to the new grads!
I love how salty the boomers in the WSJ comments get whenever it comes to younger generations and money.
I almost want to subscribe just so I can read the comments
I didn't want to subscribe to WSJ.
What jobs they list haha
Investment banking, consulting, tech
I graduated in 2019 - I know people that made 130k straight out of school and some 60k. I would definitely say overall that’s the exception not the norm. IB & SWE is very competitive
I was so excited to get $45k in my first job (2016) in a MCOL since I came from a blue collar family, was the oldest child, and didn’t really understand formal internships and recruiting (or research them) so just applied online to a mind-boggling number of positions. Now I start at MBB soon. I think it’s absolutely fair and am happy for them. These jobs aren’t just handed out and these are some of the top graduates. My younger brother (21 grad) got $95k base in his first job since he built a hot skill set in a hot market so I know these are not just extreme outliers.
I graduated in 2007 and had a similar experience to you re: internships and recruiting - I didn’t know what I didn’t know. I remember being so happy to be making $30K at my first job, even though I had to live very modestly. It’s wild how things have changed.
I graduated and took an FP&A job in 2016 making $45k a year. Can’t imagine what my behavior would’ve been graduating college making $100k base. Drinks on me lol
I made 65k out of college in 2016 and was taken advantage of for 2 and half years doing senior level work for half what my teammates made. Good on getting this out of college now people can afford things unlike me who could save all of 100 bucks a month. I didn’t even have loans dc prices are just insane
Can confirm, 2020 grad, TC of 120k.
But also, the article fails to highlight that only a small fraction of grads are earning over 6 figs. Most of my friends are still only at a mid 70-80k. We all went to a top 20 target school, liberal arts
Meanwhile, in France: just graduated, am at 45k€ tc in a medium COL city.
US salaries are wild
Supply demand, labor is highly valued here because they can create those dividends for companies, Europe is more mature and lower growth in both Economy and population