Corporate Salaries
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Anonymous
DP here. Are you a lawyer who consistently works more than 40 hours a week at $hitty and often unpredictable times? Is it common for you to be late for an/or miss dinner and kids activities and weekend events? Do you routinely work on vacation? I’ve been married to a lawyer for 20+ years and the only people who get it are other similar lawyers and their spouses. Don’t let your kids go to law school. |
Anonymous
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I have to say that I expected to see higher numbers as well. I’m sure the big number folks will chime in soon enough. They always do.
These are interesting numbers for sure. I keep waiting for somebody to brag about their million plus. I’m sure it’s coming. I was one of the lowest paid equity partners in my well known DC law firm and was earning $850k nearly 20 years ago. I hated every minute of it and but knew that with my skills—or lack thereof—I couldn’t earn nearly that much anywhere else. |
Anonymous
Lawyers are not the only ones. My spouse is a government SES and has many similar schedule issues, all for $200k. |
Anonymous
I’m the lawyer who earns a similar income but not in an expensive coastal city. I earn every penny and often wonder if the benefits of my salary, private school, nicer home than we’d have in DH’s salary alone, etc., are worth the tradeoffs of rarely getting home before 7:00, working on vacation, often being stressed. |
Anonymous
I get working awful hours to ensure long-term financial security for your family. I don’t understand doing so for $200k. The difference in lifestyle between $150k and $200k doesn’t seem worth the tradeoffs. |
Anonymous
I don't consider that a "corporate salary" but maybe I am misunderstanding the OP. |
Anonymous
I’m not shocked as this is DC. Other than maybe some of the defense contractors, or the Booz Allen govt consultants , this is not a corporate Mecca. Here , corporate means some IT , govt relations/public affairs, but not folks who have responsibility for P&L at companies- operations, sales and managing key teams. If you’d asked this question in Chicago, San Fran, Dallas, Atlanta, NY etc etc you would get numbers more into the very high 6 figures or low 7s. Friend of mine from B school at a Chicago based CPG makes 450k, 20 years of experience and is responsible for consumer insights, one step below executive leadership. Another leads a major sales division for financial services in Boston. And with bonuses can hit 800k. |
Anonymous
Good point. |
Anonymous
Wow. That's low for consulting. What kind of consulting? Does that include paid furlough time? |
Anonymous
Agree with that is shockingly high for that title/experience in that sector, for base salary the own a boost from a stock price pop. |
Anonymous
Law is probably the most predictably financially rewarding career track you can choose if you are what I term nicely intelligent with a good work ethic. The people whining because of the long hours fail to realize that if they were just a corporate director, they'd be making half the salary. The nice house, private schools, fat retirement accounts, is harder to achieve on a straightforward corporate ladder than it is in law for the same person. |
Anonymous
I disagree. There's plenty of money sloshing around DC. Executives at all the defense contractors, and it's not just Booz but there are seemingly thousands of smaller contractors all over Northern Virginia, some public many not. Most of the F500s also have regional offices with government facing business groups. Then you have the massive legal presence. Average salaries are higher across the board in DC than in Chicago or Dallas or Atlanta. Lots and lots and lots of people making 200, 300, 400kish. Which is reflected in the high housing prices around the DMV and how the 400-500k HHI in the DMV has become pretty standard rather than privileged. You're describing top 1% roles even within corporate America and those are nationwide depending on need and business groups and HQs. The 150k mid manager is far more the average in Dallas and Chicago and even NYC. A PP commented most corp managers and exec salaries are between 150-300k then it gets much more rarefied, and that's true. Above 300k is managing director, then group heads, regional presidents, owners of P&L, then up to C suite, but out of, say, 100k employees, that's going to be the top 500 people in the company. |
Anonymous
| I’m director level at a F100. $180k base, variable adds another $80-$100k. 20+ years of experience. As someone who cares about work-life balance, I’ve hit my comp ceiling. |
Anonymous
| I request these same people to respond in five years (after AI settles) how much they are making then, assuming they are still employed. Some unpleasant surprises ahead… |
Anonymous
My spouse works like this in a client service event marketing role, on constant beck and call for the client, and during events will work 18 hour days in hot summer sun, for less than 150k. It is not only lawyers who work crazy hours. I work in healthcare, work holidays and weekends, less than 150k. To whine about a 450k salary is ridiculous. I repeat what I said. Get over yourself. |