Without googling it: 100k a year TC at age 23 is X times the US average
I keep seeing these incredible posts asking “Is my 150k TC low for a new grad?” So I’m curious as to the Blind community’s perception of how much money is “normal” to make after graduation. This is across *all* 23 year olds - not just tech. Please google after ;) EDIT: WARNING: spoilers in the comments. Please vote before reading
I looked this up before and making 100K puts you in the 99% at 24.
What 99% mean?
99th percentile obviously
Which new grad is signing up for 100k TC? OP, I think you're confusing TC and sign on bonus.
I think it's perfectly ok to ask if $150k is low-ball offer or not. He/she is asking because they have a skill that is in high demand and they want to see whether they are paid in proportional to their skill. Comparing it with national average is stupidity, since it includes lot of people who have skills that are not in demand and hence they don't get paid that much. Also there is nothing stopping them from getting these skills and making $150k a year. Not that the skills that other people have are irrelevant or useless, it is just that they are not worth getting $150k. The person is only asking for money he/she is worth. I can't ask why is Jennifer Lawrence getting $46m and me only $150k. She has skills that are worth more than mine and hence her pay is more than mine.
I agree. I don't care how much the average person makes, I don't want to be average. In this field, however, my TC IS actually very low.
Meh. Yeah I get your market perspective but I think it's silly to try to use market value to determine whether you're happy with 150K at 23. Especially if you don't have any debt/kids. At that point worrying about an extra 20k-30k is not that beneficial. Instead worry about quality of life stuff, like company culture, location, ect.... Once all that's good maybe go into developing long term goals.
I am in Dublin Europe and soon going to graduate. But i haven't heard anyone hear as a new grad getting offers above 50,000 or around (Base salary) and I am shocked to see starting salary as 150, 000. Is it normal to get paid in US or other countries?
Hey - average starting TC for engineers fresh out of undergrad at top tier US companies (Facebook, Apple, Google, Amazon, AirBnB, Uber, etc) is probably between 120 and 160. Total comp, so including stock and signing bonus, etc. Average total comp for programmers in the US across all ages and companies is a much more modest 80-90K. People forget that the vast majority of programmers do not work at the companies mentioned above. I’ve interned in Europe. Salaries tend to be lower in large part due to the larger supply of programmers relative to the number of job openings. The H1B visa artificially limits the number of programmers that can move to the US, so salaries stay higher.
Thanks for sharing such a detailed feedback. I recently received an offer form facebook for integrity analyst, graduate role and they offered me 50,000 as base salary so was just fuguring out..
Who cares what "average" is? No one wants to be average lol.
Average has nothing to do with YOU.
What would the national median for new college grads working full time in a salaries rather than hourly job. Pretty sure thats already more than 2x the median for all workers.
Read my OP and my previous comments and reflect on the fact that I already covered the issues you bring up and THE WHOLE POINT of my OP has nothing to do with what you commented
In economic terms if every other programmer vanished off the face of the earth and your salary stayed unchanged, your welfare would be the same. “Standing within peers” is egoism. And what matters is how much you can earn. Period. Which is relevant in comparison to the society in which you live, not the small slice of it that earns the same as you.
Average per individual or per household of ever changing size?
Assume for the sake of simplicity that all 23 year olds live alone
(Since the statistic I based it off is per capita, not household)