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Message
re: Break it down - your finances
Posted on 4/30/15 at 9:43 am to jimbeam
Posted on 4/30/15 at 9:43 am to jimbeam
quote:
Civil starts at upper 40s but most people I know averaged upper 50s to start last spring
guess it has gotten better in 10 years
I know my roommate started at $38k in 2006. If you were getting $50k right out of college, you were in the 1%
1
Posted on 4/30/15 at 9:43 am to jimbeam
(no message)
This post was edited on 4/30/15 at 10:24 am
Posted on 4/30/15 at 9:44 am to Croacka
Yeah, I anticipate a plateau after this next one. But that's when I start the hard push for free agency to make bigger jumps quicker.
Posted on 4/30/15 at 9:45 am to Salmon
Damn, did he work for the state or something?
I graduated in 08 and started at 55
Had the petrochem market not slowed down, I would have stayed where I was interning and started closer to 65-70
I graduated in 08 and started at 55
Had the petrochem market not slowed down, I would have stayed where I was interning and started closer to 65-70
Posted on 4/30/15 at 9:46 am to Croacka
My bro just started with state as CE - 45k
Posted on 4/30/15 at 9:47 am to DirtyMikeandtheBoys
I can't fathom a reason to work for the state
It seems like you'd get trapped there.
I know they have benefits, but so does every other firm in town
It seems like you'd get trapped there.
I know they have benefits, but so does every other firm in town
Posted on 4/30/15 at 9:48 am to Croacka
quote:
Damn, did he work for the state or something?
nope
mid sized consulting firm
Posted on 4/30/15 at 9:49 am to Croacka
I have another buddy that has been working for the state for 10 years. He is still in the low 50s...
He hasn't received a raise in like 4 years.
No idea why he doesn't go private.
He hasn't received a raise in like 4 years.
No idea why he doesn't go private.
Posted on 4/30/15 at 9:50 am to JonaYolles
Income: Unknown
Rent: $1,250 (will be moving in June 2016. possible buying a house or renting until we find what we want to buy)
Car notes: $950
Auto Insurance: $240
Rent and Jewelry ins: $60ish maybe
Groceries: $500
In House Nanny: $1,500 (not live in, comes every day at 7am)
Wifes Student Loans: $2,100
401K: trying to max, but 401k was penalized last year due to a contribution problem, so lets just call it $1000
Other investments: $2,000 (probably closer to 3,000 last year but having to pay for nanny this year)
Eating Out: $600 (we eat out a lot so this is probably not accurate. Dominos was delicious yesterday)
i don't even want to talk about taxes. was in a freaking 28% tax bracket this year.
outside of having to pay for a nanny i am pretty frugal. wife on the other hand likes nice things
. in a couple years she will be able to pay for whatever she wants though.
Rent: $1,250 (will be moving in June 2016. possible buying a house or renting until we find what we want to buy)
Car notes: $950
Auto Insurance: $240
Rent and Jewelry ins: $60ish maybe
Groceries: $500
In House Nanny: $1,500 (not live in, comes every day at 7am)
Wifes Student Loans: $2,100
401K: trying to max, but 401k was penalized last year due to a contribution problem, so lets just call it $1000
Other investments: $2,000 (probably closer to 3,000 last year but having to pay for nanny this year)
Eating Out: $600 (we eat out a lot so this is probably not accurate. Dominos was delicious yesterday)
i don't even want to talk about taxes. was in a freaking 28% tax bracket this year.
outside of having to pay for a nanny i am pretty frugal. wife on the other hand likes nice things
. in a couple years she will be able to pay for whatever she wants though.This post was edited on 4/30/15 at 9:52 am
Posted on 4/30/15 at 9:56 am to Salmon
My youngest graduated CE and started just under 90 in O&G.
Posted on 4/30/15 at 9:56 am to Croacka
retirement.
Apparently after 15 years you are usually at 100k or above and can leave to go private and the private firm will pay you to "buy" the rest of your term (15 years) so you start getting full pension. You work private for 10 years, then go back to state with
1. Full state pension at 100k
2. Private retirement fund + savings from that 10 years of salary
3. New state salary + benefits + not having to do any real work
and people wonder why the government is going broke
Apparently after 15 years you are usually at 100k or above and can leave to go private and the private firm will pay you to "buy" the rest of your term (15 years) so you start getting full pension. You work private for 10 years, then go back to state with
1. Full state pension at 100k
2. Private retirement fund + savings from that 10 years of salary
3. New state salary + benefits + not having to do any real work
and people wonder why the government is going broke
This post was edited on 4/30/15 at 9:57 am
Posted on 4/30/15 at 10:11 am to jturn17
quote:
I believe he means he has a checking account where he leaves 2k, but deposits 6k in every month. If at the end of the month, he's down to 1500, then he limits his spending to 5500 the next month to bring the balance back to 2k. Alternatively, if he has a balance of 2500 at the end of the month, he' can now spend 6500 the next month.
this.
To the other posters, I haven't got a raise since 2011. I am going to blow a gasket this year if I don't get one. We are doing incredibly well but mgmt refuses to pay anyone more. And we are seeing horrible attrition, about 20% per year. And it generally takes someone 2-3 years to fully replace someone who has left.
Posted on 4/30/15 at 11:08 am to lsubandmom
quote:
My youngest graduated CE and started just under 90 in O&G.
What does just under 90 mean? Only salary? Salary + bonus? Salary + bonus + benefits?
Posted on 4/30/15 at 11:14 am to lsu711
Salary - high 80s
Posted on 4/30/15 at 11:22 am to lsubandmom
He's a rarity, I can tell you. I graduated Civil in '12 (obviously), and the highest I heard from most people I graduated with was 62k starting out. Me and my buddies almost shite ourselves.
ETA: It just comes along with the Title. A CE has little to no value until he receives his P.E.
If we could be getting paid as P.E.'s coming straight out of college, then it's a different story all together.
ETA: It just comes along with the Title. A CE has little to no value until he receives his P.E.
If we could be getting paid as P.E.'s coming straight out of college, then it's a different story all together.
This post was edited on 4/30/15 at 11:25 am
Posted on 4/30/15 at 11:49 am to LSUengineer12
I'm very proud of her. She's an outstanding young woman and has never been afraid of hard work.
Posted on 4/30/15 at 12:10 pm to LSUengineer12
A CE with no PE right out of school has pretty much the same level of value as another discipline right out of school
Neither really knows shite about actual work. Even though the ME/EE may never have to stamp a drawing, it doesn't mean they are any smarter/more useful in their first few years
According to LAPELS, any and all engineering reports/documents/drawings should be stamped by a licensed engineer nowadays, so all disciplines doing any of that sort of work should be licensed
Neither really knows shite about actual work. Even though the ME/EE may never have to stamp a drawing, it doesn't mean they are any smarter/more useful in their first few years
According to LAPELS, any and all engineering reports/documents/drawings should be stamped by a licensed engineer nowadays, so all disciplines doing any of that sort of work should be licensed
Posted on 4/30/15 at 12:37 pm to Croacka
Well.. My salary negotiations are in full swing - looking at $70K 
Posted on 4/30/15 at 12:41 pm to JonaYolles
I graduated in 2014, and multiple people in our class got CE or projects jobs making 65k. A few top performers touched low 70s and one mid 80s working for Exxon.
Posted on 4/30/15 at 12:43 pm to LSUTOM07
Not in engineering at all - I started at ~$30k (+ bonus) at the beginning of my career 3-4 years ago. I've been pulling about $4k net after commission and bonus ince 2014 - with my base increasing, I'll be looking at about $500 extra a month.
This post was edited on 4/30/15 at 1:13 pm
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