Who are all these people making over $150k a year?

[Anonymous]

OP, you should have asked for ages and net worth - if you want to get a complete picture. So many started low and are now in their 40s.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I make at J1 190k, J2 187k, J3 210k, I am interviewing a J4 at 240k and a J5 at 190k.

Most fully remote people have other full time jobs.

What do you do that you do nothing all day to have 4 jobs and get paid?

Troll alert. People with higher six fig jobs don't have the time to work a second job. It's not just deliverables but the frequency of meetings. I'm on Team calls for a solid half of the day. No way I could fit a second job into my day even if I could make the deliverables work.

+1
I don't think many people are going to believe that someone works 3 full time jobs at that level of pay. One job at 600k is actually much more believable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:WB/IMF couple in early 40s. Neither of us is even in the managerial grades yet and our total income is about 500k (when converted to the gross equivalent, as our pay is net). And we feel quite poor relative to many of the families in our DC’s private school. 200+ individual income really does not seem that extraordinary in this area.

I feel like all of these positions are for contract/term, ie expiring after a few years. How do people get in there with perm offers?

Most are foreign nationals with politically connected families.

This is far from the truth. At the WB, there are no more open ended positions from the start (except for YPs). Nowadays everyone starts with a fixed term contract, this has been the system for quite a while now. Conversion is mostly subject to performance after certain years.

[Anonymous]

Anonymous wrote:CPA 300k
Consultant 500k

What type of company/work are you doing as a CPA? I’m a CPA and head of financial reporting for a large federal agency. I’m making $183,500. Just trying to figure out if it would be worth it to ever switch out of government.

[Anonymous]

DCUM salaries are crazy inflated. They count all kinds of forms of compensation that are not actual salary like stocks and benefits and if they made $300K last year they tell yo they make $300K even if that was because last year the project they led sold and they got that even if the last 10 years they made $160K or whatever.

[Anonymous]

Anonymous wrote:

Anonymous wrote:WB/IMF couple in early 40s. Neither of us is even in the managerial grades yet and our total income is about 500k (when converted to the gross equivalent, as our pay is net). And we feel quite poor relative to many of the families in our DC’s private school. 200+ individual income really does not seem that extraordinary in this area.

I feel like all of these positions are for contract/term, ie expiring after a few years. How do people get in there with perm offers?

Nobody gets in immediately on a permanent contract. My DH got in on a 3-year fixed term which was converted to open-ended after that. I was on a contract for 2 years, then I got a 3-year fixed term, which had better benefits than the contract, and now I am in an open-ended position.
We are international, but we definitely are not politically connected in any way, as another PP tried to claim. We both have PhDs though from their preferred universities.

[Anonymous]

Anonymous wrote:DCUM salaries are crazy inflated. They count all kinds of forms of compensation that are not actual salary like stocks and benefits and if they made $300K last year they tell yo they make $300K even if that was because last year the project they led sold and they got that even if the last 10 years they made $160K or whatever.

I mean some industries are naturally very bonus heavy. For me about half my comp comes from bonus and stock, the last 4 years I made roughly 200, 220, 240, 280k in that order and I’m early in my career. And the higher you go in my field (tech) even more of your total comp comes from bonus, it could eventually become 90% or more if you climb to a high enough level.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I make at J1 190k, J2 187k, J3 210k, I am interviewing a J4 at 240k and a J5 at 190k.

Most fully remote people have other full time jobs.

What do you do that you do nothing all day to have 4 jobs and get paid?

Troll alert. People with higher six fig jobs don't have the time to work a second job. It's not just deliverables but the frequency of meetings. I'm on Team calls for a solid half of the day. No way I could fit a second job into my day even if I could make the deliverables work.

+1
I don't think many people are going to believe that someone works 3 full time jobs at that level of pay. One job at 600k is actually much more believable.

In Asia people work 3 jobs

[Anonymous]

This question can’t be serious. I work for a non-profit and have made over $150k for years.

[Anonymous]

Anonymous wrote:This question can’t be serious. I work for a non-profit and have made over $150k for years.

It all depends on where you work and your social circle. I know a lot of people making 100-150k, but I only know a couple of people making over 200k. The median HOUSEHOLD income in DC is around 100k just for reference.

But yeah, if your goal in life is to make a lot of money and you were raised middle class, 150k in the DC area isn't some amazing achievement if you're in your 40's.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This question can’t be serious. I work for a non-profit and have made over $150k for years.

It all depends on where you work and your social circle. I know a lot of people making 100-150k, but I only know a couple of people making over 200k. The median HOUSEHOLD income in DC is around 100k just for reference.

But yeah, if your goal in life is to make a lot of money and you were raised middle class, 150k in the DC area isn't some amazing achievement if you're in your 40's.

Yeah, but what’s the average for DCUM? That’s what is surprising. This group is far from the norm.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DCUM salaries are crazy inflated. They count all kinds of forms of compensation that are not actual salary like stocks and benefits and if they made $300K last year they tell yo they make $300K even if that was because last year the project they led sold and they got that even if the last 10 years they made $160K or whatever.

I mean some industries are naturally very bonus heavy. For me about half my comp comes from bonus and stock, the last 4 years I made roughly 200, 220, 240, 280k in that order and I’m early in my career. And the higher you go in my field (tech) even more of your total comp comes from bonus, it could eventually become 90% or more if you climb to a high enough level.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This question can’t be serious. I work for a non-profit and have made over $150k for years.

It all depends on where you work and your social circle. I know a lot of people making 100-150k, but I only know a couple of people making over 200k. The median HOUSEHOLD income in DC is around 100k just for reference.

But yeah, if your goal in life is to make a lot of money and you were raised middle class, 150k in the DC area isn't some amazing achievement if you're in your 40's.

Yeah, but what’s the average for DCUM? That’s what is surprising. This group is far from the norm.

Probably higher, but not that high. People lie and I doubt many people would post about their 80k teacher salary on this site.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This question can’t be serious. I work for a non-profit and have made over $150k for years.

It all depends on where you work and your social circle. I know a lot of people making 100-150k, but I only know a couple of people making over 200k. The median HOUSEHOLD income in DC is around 100k just for reference.

But yeah, if your goal in life is to make a lot of money and you were raised middle class, 150k in the DC area isn't some amazing achievement if you're in your 40's.

Yeah, but what’s the average for DCUM? That’s what is surprising. This group is far from the norm.

Probably higher, but not that high. People lie and I doubt many people would post about their 80k teacher salary on this site.

Probably because most of them are lower than that salary.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:WB/IMF couple in early 40s. Neither of us is even in the managerial grades yet and our total income is about 500k (when converted to the gross equivalent, as our pay is net). And we feel quite poor relative to many of the families in our DC’s private school. 200+ individual income really does not seem that extraordinary in this area.

I feel like all of these positions are for contract/term, ie expiring after a few years. How do people get in there with perm offers?

Nobody gets in immediately on a permanent contract. My DH got in on a 3-year fixed term which was converted to open-ended after that. I was on a contract for 2 years, then I got a 3-year fixed term, which had better benefits than the contract, and now I am in an open-ended position.
We are international, but we definitely are not politically connected in any way, as another PP tried to claim. We both have PhDs though from their preferred universities.

I know several ladies in my neighborhoods who have no US degrees and are staff at the WB (in support divisions). One is a wife of the country representative, she barely spoke English, had no US degree and was trying to get into RE as an agent for couple years. Then her hubby found a way to insert her as a consultant; then she got converted into WB staff. Now she's making at least 150K. I'm not bitter about foreign nationals with Ivy PhDs but this type of an example is also typical how people get into WB