Not everyone here is in the DC area. I am and don’t know anyone making 7 figures.

Anonymous wrote:You can’t plan for your kid to make biglaw partner. They have to have a certain personality for it and want it themselves.

Also, it would be pretty cruel to force a kid that direction. Big Law is extremely harsh and limits every other aspect of life. I loved my time there but I would have detested it if I felt parental pressure to stay along with all the other pressure.

Anonymous wrote:You may know them but you would have no idea. I have the same friends as when our hhi was 250 and we haven’t moved or changed the type of cars we drive. We do stay in nicer hotels than before but that’s not something we’d mention.

This. I drive the same car, wear the same clothes, have the same friends. My kids go to public school. The vacations are a little nicer, but life looks the same. I think this is not uncommon for people who grew up middle class. There are definitely outliers, though.

Anonymous wrote:A lot of the posts are fake.

Sure, there are a few trolls on here, but they are far outnumbered by genuinely wealthy folks. I’m not in DC but find this board interesting bc it skews heavily UMC/wealthy and is more relevant to me. I’d imagine that a lot of others are of the same mind.

The founder of the last startup I was part of will net high 7 figures as it winds down and parts are sold off.

I hear about huge tech salaries but have never run into them myself - 200k/300k max in my experience (at smaller companies).

I work at a company with 10k employees and we have maybe 30 people making over $1M that I am aware of - most in the DC metro area. There are 20+ companies in our industry who are our size or larger.

I also work with a lot of small business tech consulting companies that subcontract to large companies like Booz, Leidos, GDIT, etc. and I imagine that a person with a few federal contracts and 20-50 employees is making $1M. Entrepreneurs can have a lot of ups and downs, so it may fluctuate year to year, but there are so many of these small federal contractors in the DC area quietly doing boring things no one ever hears about.

Lots of lies around here. I’m a lawyer and I’ve noticed—many times—that posts from people claiming to be lawyers don’t make sense. They say/claim things that no lawyer would say or claim.

I know a lot. Big Law partner and Senior VPs at large companies. There are tons of families at my kids’ private schools who have parents that likely make 7 figures, but I don’t know them well enough to know for certain. However, I assume if they live in a $4M+ house or have multiple homes, it’s likely (although many of these could have family money and a lower salary).

Anonymous wrote:I know three. All husbands of my friends. We are stay at home moms. One’s a CEO with an eight figure salary , one is biglaw, one is in science research but not sure what.

Public companies have to publicize their executives salaries so you can get an idea of what they are paid.

If lawyers aren’t in biglaw they are nowhere near 7 figures. More like $150,000.

I worked a part time temp job years ago and one job had a high income, the sales people in high tech. More than the engineers but not 7 figures.

You’re wrong about this. I was a non-big law partner (mid-size firm) making around half a million annually when I transitioned to in-house, where I now clear close to $700K annually. Never been in big law.

I make mix-7 figures and I’m not a business owner or in big law. Investing and private equity is my game. Started small, took risks, and built up slowly and gained momentum. Haven’t looked back. And I didn’t graduate from a T-50 college either.

Real estate developer, restaurant owner and couple of doctors I know make that.

I think a few people post frequently and some are fake. But I live in McLean and definitely know people that make this amount IRL. Medical specialties, lawyers, executives.

I don't know if I know anyone making six figures. I know a couple people who I suspect could be (lawyers, couples in certain FAANG jobs) but they don't advertise it. We did move to a less wealthy area of the DMV where we feel more comfortable and ordinary with our teacher/fed incomes.

Anonymous wrote:How is there such a large concentration of people earning 7 figures on this site? I work in tech. There isn’t a single person I interact with making over 1M/year. Maybe a few people I’ve been in meetings with 2-3 levels above me but nobody who I interact with regularly. Almost every thread someone mentions they or their DH earning 7 figs. Blows my mind that there can be this many people in DC on that income. Maybe it’s just a handful of people posting incessantly about their 7 figure HHI that gives them tingles?

Didn’t you know this is DCUM…almost all of the posts are fake. If you couldn’t post anonymously, a lot less posts would be fake.

I think it’s mainly lawyers and business owners but the business owners know it won’t be nearly as consistent as the law partners so they don’t talk about it. They’d just say “we had a good year” or something like that. But I’m surprised anyone would tell you about their salary. I don’t know precisely what any of my friends make.