What do you consider a good salary based on work experience? I was discussing with a senior, and he said after 5 years salary should be at least 50k, after 6 years around 60k, and after 10 years close to 100k as a basic benchmark. Do you agree, or does industry, location, role matter more?

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Many factors. Depends on role, how close you are to revenue generation, yoe, and col. Investment bankers in NYC start at 200k+ TC while accounting roles start around 70k

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Honestly its not depend how much you earn it’s depends upon how much we can save

Ofc industry and location matter! If talking US tier 1 cities, I would expect the number to be 1.5-2x those above

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Totally agree with you

There are so many variables. That said, I don’t think that’s a terrible guideline. Heavy on the *at least* part of it. I couldn’t imagine only 50k after half a decade in an HCOL.

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Yeah i understand thanks for your advice

That salary base is very low in a HCOL location. I live in a HCOL and my starting salary was around $$60k and increased to a 6 figure salary after 2 years

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Yeah location play important rule always

There are way too many things that factor into salary. You have to consider the cost of living where you are and the industry. Titles also vary across companies.

Basic it’s depends where you live

Very low unless you still live with your parents

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