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[quote=Anonymous]Some of the posters arguing that "everyone" they know is at Microsoft or in financial consulting at a blue chip firm making 250k+ are probably juvenile posters.

The software programming jobs at Google and Microsoft that pay multiple six figures are, what, 1% of 1% of all the software jobs out there. Ditto for financial jobs.

There was a thread on here a few weeks back where someone posted links to another forum for software programmers where salaries were discussed along with the ruthless nature of the industry. Young graduates are brought in at high salaries (low six figures) but become pigeon-holed into their speciality and after a decade are pushed out of the industry and ageism makes it very difficult to find a comparably high paying job because the employers are only interested in the next generation of programmers who only know the latest code and software. So a lot of programmers who make quite a bit in their 20s suddenly are forced to take massive pay cuts in their 30s and 40s.

Another good example is Biglaw. Fifth year associates can make 250k. And then what happens? Most are pushed out because they're not partner track.

The ruthless nature of these professions, whether programming or law or banking, is that talented people are given the chance to make a lot of money through long hours and hard work in their 20s but unless they are the very top 1-5% of their cohort, they are steadily pushed out for the next wave of recruits. Many will manage to move sideways or take a slight step down to go inhouse somewhere and effectively remain at that level for the rest of their working career. Others end up taking a big step down. The professional world is a pyramid and it's a ruthless slippery slope. [/quote]

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