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Hi Guys, I am 5.5 years Java Developer and I have offer from JPMorgan Chase and Walmart .
Jpmc: 50% on current fixed + jpmc benefits Walmrat: 50% on current fixed + yearly bonus + stocks.
Please help me choose which will be better, mainly looking for brand value, work life balance and yearly hikes.
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Hey guys, I need 11 likes. Thank you.
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Rising Star
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Because people come from all sorts of different backgrounds and circumstances and blanket statements like “you should a NW of 100k+ by age 25” wouldn’t realistic or even possible for everyone.
Pro
Your net worth at 25 has more to do with your parents than anything.
Chief
"Small million dollar loan from my dad"
It's not delusional exactly, but even within consulting being 25-26 and making $250k+ is on the rare side.
Consulting is a LOT bigger than just MBB. Accenture alone has 600k employees. If you assume a full half of those are support employees or management, then that still leaves 300k people who could all reasonably be called consultants. IT consultants, management consultants, marketing or HR or whatever else Accenture does consultants. That's an entire order of magnitude more than M+B+B COMBINED.
A 25 year old at MBB or FAANG? Sure. Most 25 year olds? Absolutely not.
Rising Star
Consultants get very quiet when people start quoting compensation for sales roles lol.
One of my family members is in sales for a small novelty sunglass company. 500k TC last year.
Chief
The delusion isn't that you should or should not have 100k+ NW. The delusion is when people start assuming that they are poor if they don't or that this is "normal."
I don't think its delusional as much as it is setting people up to be disappointed.
Yes you can make serious money in other fields as Data Scientist/ Security Experts / Etc. But consulting firms rarely create people the necessary skills -but you wouldn't know that by talking to partners and senior managers. I'm on the other side now - and I can tell you the people that can command huge salaries almost never end up coming from consulting firms.
So yes - you can make tons of money - but be honest with people about their chances and who is training those people
This app shows the power of the rat race. Keep focused, make decent money, and maintain a good WLB. The rest will work out.
It’s delusional because a huge portion of this country has crippling student debt at the age of 25.
Who is saying this? Data scientists start out at around 200k out of Masters programs at 25. After a few years you can easily clear 300-400K if you’re good. 400K by 30 is rare but absolutely not an outlier either