4 ms·
It entirely depends on perspective. When I moved from the west coast to the east coast after completing a STEM PhD, my perspective changed completely. My girlf
by freyr 13y ago
It entirely depends on perspective. When I moved from the west coast to the east coast after completing a STEM PhD, my perspective changed completely.
My girlfriend worked for a hedge fund, where her co-workers and bosses received bonuses that were multiples of my annual salary. I had a few friends who landed law jobs with lockstep compensation, where, within just a few years, they'd be make more than I could ever hope to make at my research lab. Another friend, an english major from a second-rate college, was hired to manage a team of programmers. She had no STEM skills but great people skills, and was eventually chosen to head up a new west coast division. She's compensated extremely, extremely well. We'd occasionally travel down to DC, where there are many, many people feeding off of government excess who make far more than STEM careers pay.
That's what they don't tell you when picking a college career. You'll get paid relatively nicely out of college, sure, but you'd better not expect to make much more than that if you want to be a "STEM worker" no matter how hard you work or how good you are. The glass ceiling is very low compared to many other careers.
Not only that, a $100,000 salary was, not very long ago, the key to a comfortable upper middle class life. The cost of living, housing, everything has gone up so fast in proportion to income that it just doesn't feel that way anymore. I cannot provide my family with the material comforts my parents enjoyed and provided me (and neither worked in STEM... or had college degrees!).
Yes, there are exceptions at the moment if you're considered a "rockstar programmer". Still, that (and programming in general) represents a tiny slice of the overall STEM pie.
- crash78 13y agoAgreed - many of the comments (naturally, given the location) focus on the tech part of the pie. From experience in both science and technology industries, I'd say there's definitely some difference between the two in terms of starting and average salaries, and most certainly in the potential for top salaries.
- georgemcbay 13y agoI totally agree and have made similar points here on HN in past threads. It is nice that you can fairly easily make $85k or higher in some regions as an entry level developer, but it sucks that outside of a few exceptions that prove the rule you're unlikely to ever make more than about $150,000 (and I'm talking Bay Area, CA dollars here) without moving into a pure manager role or playing the lottery ticket of starting your own company. Granted, $150,000 is a lot of money relative to the average income globally, even when you factor in cost of living adjustments, but to have bankers(!) and politicians(!) saying it is too much is a fucking slap in the face.
- deadc0de 13y agoExcept 150k in Bay Area is nothing and you won't even make it into the middle class (i.e. buy a house).
- eli_gottlieb 13y agoThen maybe the Bay Area, the tech industry, and the economy broadly shouldn't be run so "efficiently" that salaries and real-estate prices become locked to each-other.