Starting salary or expected for your child

[Anonymous]

Anonymous wrote:Can't deny that the cream of the crop of current college graduates are going to start out at six figure salaries, even if it's just $104k, which means they are making more money than many experienced middle aged people with master's degrees. And if you start out in the six figures, you are embarking on a life trajectory that is quite different from someone starting out at 50k. Despite that the person making 50k isn't necessarily less intelligent. All due to choices and decisions.

I try to pass on this lesson to the young people I know. They never listen.

This is just plain wrong. My engineer buddies out earned me at 30 years old. But at 38 I climbed the corporate ladder, whereas they did not. They were just individual contributors or front line managers. I was making double what they made. At one point I made 7 figures. They never came close to that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you join the SCOTUS Police Department you’ll get a $50k hiring bonus and a starting salary over $83k. After 30 months your salary will be $92k. You earn an additional 10% if you work between 6pm and 6am. If you work a Sunday your hourly rate goes up 25%.

Overtime at the starting salary is $60/hr.

50 hour weeks equates to over $114k in salary year one.

This is not the flex you think it is. Bare minimum six figures working a graveyard shift?? That’s crap.

I apologize. I forgot to mention the SCOTUS PD offers $10k annually towards student loans.

Compare the $114k year one salary(without the $50k bonus) to the median salaries by major. Flex, no flex, SCOTUS officers make 3x what UVA Biology Majors do.

https://www.bankrate.com/loans/student-loans/average-college-graduate-salary/

Do you have any legitimate links you’d like to try and flex with?

[Anonymous]

Anonymous wrote:Can't deny that the cream of the crop of current college graduates are going to start out at six figure salaries, even if it's just $104k, which means they are making more money than many experienced middle aged people with master's degrees. And if you start out in the six figures, you are embarking on a life trajectory that is quite different from someone starting out at 50k. Despite that the person making 50k isn't necessarily less intelligent. All due to choices and decisions.

I try to pass on this lesson to the young people I know. They never listen.

They never listen because it is not true for a large subset of of people.
DH and I went to law and med school after college around 1998. Residents made 30k per year then, after med school, for 4 yrs for many specialities, then the real salary started at 115-130k around age 30 if no gap year, partner track boost to 250k two years later (age 32-33) now it its 300-350k for the last 8 yrs. DH made 110k after law school for a few years then moved into the 275k+ years around age 35 at a top regional but non-big-law firm. we are a little below average for our dr and lawyer friends: plenty make a lot more.
We had so many friends from our T10 who went into finance, pharmaceuticals, etc and made 70k starting in 1998, worked up to 100k or so and stayed there only a few years until they burnt out/lost/changed jobs, many repeatedly over the years. They outearned us when they graduated but we began to outearn them around age 32. The big alum donors from the '95-'00 classes who are not from generational money are lawyers, doctors, and those who have managed to have successful startups despite the dotcom bust a few years after we graduated.

[Anonymous]

Anonymous wrote:DC and friends mostly got mid to high six figures TC as fresh graduates from MIT majoring in math, cs, physics etc. they’ll be doing AI research (think OpenAI), quant trading etc.

Your kid sounds really smart. I know of two MIT EECS grads who are not making as much.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can't deny that the cream of the crop of current college graduates are going to start out at six figure salaries, even if it's just $104k, which means they are making more money than many experienced middle aged people with master's degrees. And if you start out in the six figures, you are embarking on a life trajectory that is quite different from someone starting out at 50k. Despite that the person making 50k isn't necessarily less intelligent. All due to choices and decisions.

I try to pass on this lesson to the young people I know. They never listen.

They never listen because it is not true for a large subset of of people.
DH and I went to law and med school after college around 1998. Residents made 30k per year then, after med school, for 4 yrs for many specialities, then the real salary started at 115-130k around age 30 if no gap year, partner track boost to 250k two years later (age 32-33) now it its 300-350k for the last 8 yrs. DH made 110k after law school for a few years then moved into the 275k+ years around age 35 at a top regional but non-big-law firm. we are a little below average for our dr and lawyer friends: plenty make a lot more.
We had so many friends from our T10 who went into finance, pharmaceuticals, etc and made 70k starting in 1998, worked up to 100k or so and stayed there only a few years until they burnt out/lost/changed jobs, many repeatedly over the years. They outearned us when they graduated but we began to outearn them around age 32. The big alum donors from the '95-'00 classes who are not from generational money are lawyers, doctors, and those who have managed to have successful startups despite the dotcom bust a few years after we graduated.

Nobody thinks a doctor’s residency salary will be their final salary…though the median doctor salary in the DMV is about $300k (and that doesn’t include residency salaries in it).

Also, there is absolutely no way the top donors from your top 10 class are lawyers and doctors…absolutely none unless those doctors went on to start companies or the lawyers became plaintiff’s attorneys and won massive class action settlements (which is the background of the wealthiest attorneys as well as Judge Judy). I guarantee there are plenty of alums that went into banking or PE or hedge funds or VC or maybe just went to work at Google in 1998 and after 10+ years were worth $100MM+ because of their options.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC and friends mostly got mid to high six figures TC as fresh graduates from MIT majoring in math, cs, physics etc. they’ll be doing AI research (think OpenAI), quant trading etc.

Your kid sounds really smart. I know of two MIT EECS grads who are not making as much.

If it was a few years ago, the landscape is totally different. Or if they did hardware, it’s also a different game.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DC and friends mostly got mid to high six figures TC as fresh graduates from MIT majoring in math, cs, physics etc. they’ll be doing AI research (think OpenAI), quant trading etc.

Your kid sounds really smart. I know of two MIT EECS grads who are not making as much.

If it was a few years ago, the landscape is totally different. Or if they did hardware, it’s also a different game.

+1

[Anonymous]

Physics major at Ivy. Expecting to make minimum 300k

[Anonymous]

Anonymous wrote:Physics major at Ivy. Expecting to make minimum 300k

Good luck with that. The Ivy League is tarnished. The job market is tough. AI is the elephant in the room. There are unemployed former Physics majors with real world experience that trumps freshly printed parchment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Physics major at Ivy. Expecting to make minimum 300k

Good luck with that. The Ivy League is tarnished. The job market is tough. AI is the elephant in the room. There are unemployed former Physics majors with real world experience that trumps freshly printed parchment.

He's doing just fine, completing 3 internships in quant finance. All his friends are employed this summer too, so it doesn't sound like you know much of anything.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Physics major at Ivy. Expecting to make minimum 300k

Good luck with that. The Ivy League is tarnished. The job market is tough. AI is the elephant in the room. There are unemployed former Physics majors with real world experience that trumps freshly printed parchment.

He's doing just fine, completing 3 internships in quant finance. All his friends are employed this summer too, so it doesn't sound like you know much of anything.

Most college students are doing just fine on daddies dime. He doesn’t have a real job yet. Offers disappear all the time. Good luck. I know you’ll bankroll him if he fails because you couldn’t stand the social stigma. Great life. Haha.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Physics major at Ivy. Expecting to make minimum 300k

Good luck with that. The Ivy League is tarnished. The job market is tough. AI is the elephant in the room. There are unemployed former Physics majors with real world experience that trumps freshly printed parchment.

He's doing just fine, completing 3 internships in quant finance. All his friends are employed this summer too, so it doesn't sound like you know much of anything.

People here are generally ignorant and jealous. You’ll learn more once you stay here longer.
Congratulations to your son!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Physics major at Ivy. Expecting to make minimum 300k

Good luck with that. The Ivy League is tarnished. The job market is tough. AI is the elephant in the room. There are unemployed former Physics majors with real world experience that trumps freshly printed parchment.

He's doing just fine, completing 3 internships in quant finance. All his friends are employed this summer too, so it doesn't sound like you know much of anything.

People here are generally ignorant and jealous. You’ll learn more once you stay here longer.
Congratulations to your son!

You’re very trusting of anonymous people on the internet. How’s that working out?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Physics major at Ivy. Expecting to make minimum 300k

Good luck with that. The Ivy League is tarnished. The job market is tough. AI is the elephant in the room. There are unemployed former Physics majors with real world experience that trumps freshly printed parchment.

He's doing just fine, completing 3 internships in quant finance. All his friends are employed this summer too, so it doesn't sound like you know much of anything.

People here are generally ignorant and jealous. You’ll learn more once you stay here longer.
Congratulations to your son!

You’re very trusting of anonymous people on the internet. How’s that working out?

You know the difference between you and me? It’s that I know what’s going on in the world rather than being a boomer and a jealous ass like you. 300k is actually very realistic for quant finance and is probably only the base salary.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Physics major at Ivy. Expecting to make minimum 300k

Good luck with that. The Ivy League is tarnished. The job market is tough. AI is the elephant in the room. There are unemployed former Physics majors with real world experience that trumps freshly printed parchment.

He's doing just fine, completing 3 internships in quant finance. All his friends are employed this summer too, so it doesn't sound like you know much of anything.

Most college students are doing just fine on daddies dime. He doesn’t have a real job yet. Offers disappear all the time. Good luck. I know you’ll bankroll him if he fails because you couldn’t stand the social stigma. Great life. Haha.

He's just hardworking and self motivated. If an offer falls, he has the skills to pivot. You sound jealous of a young adult, which is pretty sad. You know nothing of our financial situation.