3 ms·
To be a millionaire after 10 years you need to save $100K/year - which means you need at least $150K post taxes (assuming you are without children and super fru
by beagle3 10y ago
To be a millionaire after 10 years you need to save $100K/year - which means you need at least $150K post taxes (assuming you are without children and super frugal) - so ~$200K-$250K salary.
Not impossible - but definitely far from common for MS employees unless I'm hopelessly misinformed.
- edoceo 10y agoMS means Microsoft (but it's true at other BigCo). Total annual compensation - including bonus and options can clear $300k USD for employees in the Seattle region. Source: a dozen folks I've spoken to directly where the case is true.
- beagle3 10y agoI have no doubt it's true, I just wonder what percentage of MS employees, e.g. in the Seattle region, this applies to.
- geebee 10y agoOh, I don't doubt that at all. Are those standard "senior dev" salaries, though? What's interesting to me about the startup-tradeoffs article (top link of this thread), though, is that you don't need to enter stratospheric levels of career advancement to hit these targets at bigco's anymore. You can't be a lousy dev, but you don't have to be an amazing one or ascend into higher management levels. $250k a year is now a reachable salary for an employee of ordinary advancement (well, a SE or related). You get to senior level, and top out there, and your salary is now high enough that earnings start to rival very good exits from startup. No, not founder level or huge (and rare) IPO successes - those are still out of reach on the "work at a bigco and accumulate". But better than being an early employee at a startup that has a decent buyout or "exit".