What is a good CAGR of base salary over a career?
I'm at 7.2% after a decade of working. Not sure if that's a good number or not. Thoughts? p.s. This is base salary only. Does not include bonus or RSUs or TC.
Why would anyone care about CAGR on base? I took a massive cut to my base to come to Google but their stock is liquid so who cares?
I've been trying to live off of base salary only to cover my monthly expenses and after tax savings, and saving my bonus and RSUs for large one time investments like buying a home or a car. That's why I was just focusing on base in my OP.
Buying a car is never an investment unless its old shit vintage cars.
Depends - most ppl will max out base at 250 but TC can keep growing
CAGR for most average people in average professional jobs (i.e. business functions, back office tech) is probably only slightly more than inflation. Maybe slightly higher if you're in an industry that pays well like financial services or O&G. CAGR for high finance, consulting, big law, etc is more like ~15-25% from start til peak. Corp exec track takes a bit longer so maybe ~10-12% CAGR for top tech maybe ~10-15% from start til peak. Higher if you hit the highest IC levels. EDIT: just realised this is base.. what's the point in that? Most bases have a ceiling at $300-500k in every industry.
9.6% over 9 years mainly because I was low balled coming out of college
10.5% over 8 yrs
14 percent over 11 years (55–>230) TC is 19 percent (62 —> 420)
Over a 20+ year career I have averaged 7.1% in base and 9.25% in tcomp.
27.5% for my TC over 7 years. Who cares about base only
That’s an approximately 10 year double. Doesn’t sound very good. My hope is for almost two doubles in 10 years, say $100 to $400k, so about a 15%. Oh just realized you said base. I don’t care about base, only total comp so nvm