Anonymous wrote:Our company (Fortune 500 hospitality so Marriott/Hilton) pays about $55-70k for an entry level program specialist or low level manager position at corporate. Most of the openings in this economy are flexible staffing, meaning you start w a 1 year contract hourly role and hope to move or get a full time employee role. They still have benefits if 30 hours/week or more, but it’s an hourly rate, not an annual salary, until you are full time.
Entry level property roles for college grads are available too. (Sales, food and beverage manager, director of finance, property IT, etc)
Hospitality is generally steady and sometimes fun, but does not pay well.
Anonymous wrote:as theyAnonymous wrote:CS 22 year old new college grad, total comp (base, salary and annual stock grant) of $200k w FAANG.
But your counting sign on RSUs. I had a FAANG type job and got 180K sign on RSUs and 165K salary and they called it 345K but it really was 165K cash flow as the 180K vested over four years.
And also they were very stingy on the top ups every year in first four years as knew you may stay to vest on the sign on grant. At end of four years if really good you get a big top up, but for rest it was small or get PIPed out. So 200K if you count stock grant not crazy. My company 90 percent of people were gone by end of year four. So 90 percent of people never even fully vested in the sign on bonus.
My daughter class of 2022 she and nearly all her friends are on second job. She works in IT. She jumped after 2024 bonus very very stingy and zero raise but long enough got 1/2 her 4 year sign on bonus then got a new sign on bonus new firm.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:My dd makes $140k, PE does not include her bonus and carry
How long has she been out of school and what kind of engineering?
Graduated in 2022, PE=private equity
The problem is she has to work in private equity. I would be so ashamed.
I covered private equity for a decade as journalist and know the damage they do. But you can cling to your virtue fantasy if you wish; it’s your kid, so I get the need to deal with the cognitive dissonance that she is working in an evil industry.
They are running private businesses backed by their own money, nothing to be ashamed of. Private companies don't owe you anything.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:My dd makes $140k, PE does not include her bonus and carry
How long has she been out of school and what kind of engineering?
Graduated in 2022, PE=private equity
The problem is she has to work in private equity. I would be so ashamed.
I covered private equity for a decade as journalist and know the damage they do. But you can cling to your virtue fantasy if you wish; it’s your kid, so I get the need to deal with the cognitive dissonance that she is working in an evil industry.
They are running private businesses backed by their own money, nothing to be ashamed of. Private companies don't owe you anything.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:My dd makes $140k, PE does not include her bonus and carry
How long has she been out of school and what kind of engineering?
Graduated in 2022, PE=private equity
The problem is she has to work in private equity. I would be so ashamed.
Anonymous wrote:Anonymous wrote:Anonymous wrote:My dd makes $140k, PE does not include her bonus and carry
How long has she been out of school and what kind of engineering?
Graduated in 2022, PE=private equity
Anonymous wrote:Anonymous wrote:My oldest is 25, graduated in 2022. He started at $85k. He’s received two promotions and he makes $105k. He’s a government contractor with a large “Beltway bandit” firm doing PM.
My middle one, 22 years old, just graduated and will be teaching HS math at a private school. He will be making $55k.
I hope your 22 years old enjoy teaching math more than I did. I quit teaching teaching 20 years ago after only 5 years to become an actuary. Tell your son to keep his options open..Actuarial science is very easy to break into for math majors and the pay is very good. It's exam based and the exams are difficult and you may have to spend up to 10 years taking exams before you become a fellow. However, it's worth the effort. Good luck to him.
Anonymous wrote:My oldest is 25, graduated in 2022. He started at $85k. He’s received two promotions and he makes $105k. He’s a government contractor with a large “Beltway bandit” firm doing PM.
My middle one, 22 years old, just graduated and will be teaching HS math at a private school. He will be making $55k.
Anonymous wrote:Anonymous wrote:My nephew started at $165k straight out of engineering undergrad.
In what field if you don't mind sharing? Does he have a PE?