When I graduated from college a decade or so ago, the most desirable job you could get was investment banking or consulting.
I think base was $60,000 and bonus was equal to 100%, so $120,000 total. |
PE recruits fresh grads, the total comp is 300k+ The VPs at my firm are 28-32 year olds making 750k all in. I am the old risk quant supporting them. |
My 22 year old is at 66,000 in an entry level corporate type job right out of school. I assume by the time she's 25, she'll be at 90K plus? |
I assumed PP meant private equity, not professional engineering. |
My 23 year old son graduated from college last year with a business degree and is making $65k a year in a management training program for a large retail corporation. He’ll probably be at $85k-$90k once he completes the program. |
CS 22 year old new college grad, total comp (base, salary and annual stock grant) of $200k w FAANG. |
This salaries are not in line with the norm. Average is about $68k, which is surely skewed by the $200K FAANG folks.
https://www.bankrate.com/loans/student-loans/average-college-graduate-salary/ |
as they But your counting sign on RSUs. I had a FAANG type job and got 180K sign on RSUs and 165K salary and they called it 345K but it really was 165K cash flow as the 180K vested over four years. And also they were very stingy on the top ups every year in first four years as knew you may stay to vest on the sign on grant. At end of four years if really good you get a big top up, but for rest it was small or get PIPed out. So 200K if you count stock grant not crazy. My company 90 percent of people were gone by end of year four. So 90 percent of people never even fully vested in the sign on bonus. My daughter class of 2022 she and nearly all her friends are on second job. She works in IT. She jumped after 2024 bonus very very stingy and zero raise but long enough got 1/2 her 4 year sign on bonus then got a new sign on bonus new firm. |
You are right abt the stock option. To clarify, base cash $150k, annual stock option $30k (total grant $120k over 4 years), annual bonus $20k. Not counted is the $10k relo during first year, annual 50% ER match on 401k which is another $11K if the kid maxes out on 401k contribution. Answer to OP’s question is multi faceted depending on job type, location, package, etc. |
Graduated in 2022, PE=private equity |
My niece was making like $95K at that age. She's now 28. Graduated from a state flagship that dcum looks down on here. |
If she stays at the same company, probably not. That would be a 30% increase. |
According to Bankrate, median at 25 is $58,500, and will rise up to peak at age 44, for which (for bachelor degree holders) the median is $80,000. Of course, the medians are STILL significantly higher for males, and for Asian and white males in particular.
https://www.bankrate.com/loans/student-loans/average-college-graduate-salary/#college-vs-high |
I'm shocked they make this much. Petroleum engineering isn't exactly a field that requires engineers to reinvent the wheel. The processes are well established and have been the same for years. I know this because I studied petroleum engineering and was stationed in Nigeria for a year. But since left the field and went into finance . |
Because women drop out to have kids or specifically pursue lower jobs / lower ranks for family-life balance. That drags down the average for women like nothing else does. There is nothing new about this. It's not some kind of cabal keeping women "down." |