Reply to What private sector salary would be equivalent to Fed salary of $150k?

Forum Index » Jobs and Careers

Reply to "What private sector salary would be equivalent to Fed salary of $150k?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] LOL - $150 fed salary is $150 private sector.  You're not going to get a $50K pay cut for going contractor and you'll probably have to take a paycut if you're going to a non-government contracting industry.  Good luck, haha.[/quote]

With the pension for fed employees, you prob have to add ~$15-20K (?) a year for comparable base salary in private sector. 
Bonuses and stock options are a plus on the private sector side.
Difficult to put a price on job security, esp with possible recession coming (aren't last in usually the first out?) and age discrimination.  [/quote]

If a pension is worth 50k a year, and you live 30 years post retirement, that’s 1.5 million. So you’ll need to dump much more than 15k-20k a year post tax money into some investment account (maybe 50k)?

[/quote]

NP. I don't know if this is accurate, but yeah, I would think I would want a min of $200k to move to private industry (current GS15, $150, going up to $160 next year).[/quote]

And that is not going to happen....170 maybe...[/quote]

So Federal workers aren’t under paid?  Seems pretty close to market [/quote]

Some are, most are not.  In gov't contracting, though, the feds define the market.  In my case, I work as a lead scientist for an R & D group in a contracting organization.  Feds would under-pay me as I am non-supervisory, and would typically classify me as GS14.  I am a PhD with 25 years experience and a good reputation for innovative and relevant solutions; Gov't would pay me 130K, but I make 185K.  If I changed industry -- I have an offer to join a tech company -- I would make about 250K + options, but there are reasons why that is not optimal (benefits/work life balance).

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics