Will SWEs getting into tech today be as financially successful as those with 10+ YOE?
The stock market has returned 300%+ in the past 10 years. People entering tech today: will the stock rises keep up, so they also end up with very high TCs?
Don't forget that someone who has ~10 YoE must have started his/her career during 08-09 recession ☔
I said 10+. There are people who’ve been in tech in the 90s when houses were like, affordable n stuff.
My first programming job was in 1988 in college. Tech is older than the 90s. And houses were lower but so was salary. Houses as still affordable in many areas.
The stock market came back from a big hole. If you bought a market fund in 1999 and held it 20 years you wouldn’t see 300% growth. More like 2x. And if you had to sell along the way, ouch.
Maybe the next 10 years will have less upside potential, but also less downside. Steady, moderate growth wouldn’t be a terrible thing. 300% in 10 years is a historical anomaly for sure, and people holding since 99 have seen pretty meh returns.
You should not look at the growth since the bottom of the market. You should look at peak to peak growth which is 100% growth.
It will crash faster than Bitcoin.
We spoiled Americans forget majority of earth is still unexposed to tech. Still a ton of opportunities for the next several decades at least IMO
Yeah but China won’t let us compete. At least there’s India and elsewhere.
A lot of US is still not really ‘deeply’ exposed, specifically the inner states. China last time I checked seems to have high interest in Africa longterm. That won’t really pan out significantly for a few generations anyway imo. But it’s starting... at a small scale. Plenty of work to automate here, software business seems pretty safe. Hardware more risky since China can undercut. Either way not worried for next decade
More successful. People who started 10 years ago made MUCH less money as a new grad. When I started, almost nobody made more than $50k until they hit the senior bands, not even at the prestigious places like Microsoft.
You’re thinking about it backwards. The real question is if you enter tech now, will you meet your life and financial goals? Who cares what the others a decade ahead of you are doing?
It’s a bit more bitter. I could do 10 years of work in this field but end up with way less simply because I was late to the run on housing that happened.
Nothing goes up forever, son.
Stock market average return is 10% per year since the 1920s
Past performance is not indicative of future results. Very few tech companies have been around since the 20’s and the ones that have haven’t averaged 10% returns in recent years.