5 ms·
Have you found that your salary followed a trend of increasing ~10%/year? (I read that somewhere as the target amount you should receive as a raise annually.) G
by kspaans 11y ago
Have you found that your salary followed a trend of increasing ~10%/year? (I read that somewhere as the target amount you should receive as a raise annually.) Give-or-take fluctuations due to lay-offs, taking opportunities over salary, etc.
- MCRed 11y agoNo. At some point about 5 years of experience, your salary plateaus.... that is if you're getting a job as a person who writes code. Managers don't seem to make more either, so it seems you have to be specialized and have a really impeccable resume (and that doesn't mean having Microsoft and Apple and Facebook on it.)
- philsnow 11y ago1.1 ^ 40 is a factor of ~45. If your first job is around $40k, and if you get 10% raise every year, your salary after 40 years will be $1.8MM / year.
- eru 11y agoThat's probably a nominal 10% kspaans suggests, which is less in real terms.
- pjc50 11y agoWhen inflation is 1%? You'll get salary increases early on as you go up the job title ladder, but it's a short ladder.
- kspaans 11y agoYeah the number I found must have been from back when we actually had inflation. ;)
- markbnj 11y agoIn my own case absolutely not. I think if you want to see those kinds of increases year over year you have to climb the corporate ladder. If you stay in engineering in a hands on role you're going to peak. My own salary probably peaked ten years ago, but it peaked at a pretty high level and has kept up with inflation. Money has never been the main thing, which is one indicator of why I am still hands on.