1M+ TC, 99 percentile earnings in tech, how to get there
Compared to medicine, 99 percentile earnings in tech (~450k) seems to be lesser than p99 in finance, management and medicine (1M+) (source: 80000 hours website)
Since I'm an SWE atm with 200k at FAANG in Europe, and have low utility for an additional 200k of income (60% savings currently, earning to give), I only see a point in optimizing for the next order of magnitude of income 1M+ .
I also have above-average interpersonal skills for a SWE, have delivered speeches to 2000-member audiences, founded a failed startup. What's the best way forward for me to reach 1M+ comp in 7-8yrs?
- Move to finance? Trading, etc.? Don't want to do sell-side stuff though. I see some high bonus compensations mentioned in trading.
- Move to Product within internet tech and work up to Director/VP - drive vision, get results, keep people happy etc.?
- Side business such as real estate or blogs, talks, etc. (starting up after quitting is too risky, high downside, low prob of success)
- Move to management in non-tech firm (don't wanna do consulting though)
Investing on the side with a conservative ~10 CAGR will only get me there in ~15years, which is a timeframe I'd like to beat.