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GEN Y Payscale

Posted on 9/5/12 at 8:54 am
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 9/5/12 at 8:54 am
Found this site useful. Great info.

quote:

Always connected. Always mobile. Gen Y workers have a reputation for being tech savvy and having short attention spans. Which jobs do they prefer? Do they go to college? PayScale shares a snapshot of Mr. and Ms. Gen Y at work.


Payscale


Posted by Tiger4Ever
Member since Aug 2003
36702 posts
Posted on 9/5/12 at 9:18 am to
Whew...I'm doing much better than my peers, as a whole.

But seriously, as a Generation Yer, I was always teased about this when at my previous place of employment, but in actuality I am the farthest thing from a Gen Yer other than my age. I'm a throwback.
Posted by Queen
Member since Nov 2009
3021 posts
Posted on 9/5/12 at 9:32 am to
I'm not doing as well as the rest of my age group.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 9/5/12 at 9:37 am to
(no message)
This post was edited on 11/29/12 at 3:35 pm
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 9/5/12 at 9:47 am to
quote:

Except for the Petroleum Engineering. I'm such an idiot for not getting that degree.


I'm tempted to go back to school and get that degree. CFA + PETE would have to be an all star combo.
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 9/5/12 at 7:14 pm to
Holy shite

I'm rich
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/5/12 at 8:03 pm to
quote:

Holy shite I'm rich


I'd be set if my wife worked right now

Alas, she'll be done with school in 10 months with 125k in debt
Posted by TheWiz
Third World, LA
Member since Aug 2007
11679 posts
Posted on 9/6/12 at 9:00 am to
quote:

she'll be done with school in 10 months with 125k in debt

Dr?
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/6/12 at 9:39 am to
quote:

Dr?


DPT, yes.
Posted by Moustache
GEAUX TIGERS
Member since May 2008
21556 posts
Posted on 9/6/12 at 10:02 am to
Interesting stats. I found it very interesting that more Gen Yers have their MBA than have no upper degree at all.

That makes me think I'll have to get my MBA to keep competing. frick.
Posted by Tiger4Ever
Member since Aug 2003
36702 posts
Posted on 9/6/12 at 10:04 am to
quote:

Interesting stats. I found it very interesting that more Gen Yers have their MBA than have no upper degree at all. That makes me think I'll have to get my MBA to keep competing. frick.


Got it. Has worked out for me, but not sure it is the best bang for the buck. I wouldn't be inclined to do it just to keep up. Separation from the crowd may be best.

Although, I did it just to do it and am very happy where I am at 29 years old...so maybe I just suck at giving advice.
This post was edited on 9/6/12 at 10:20 am
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 9/6/12 at 10:15 am to
quote:

That makes me think I'll have to get my MBA to keep competing. frick.


Depending on what you do, you might get better value from a shorter, cheaper MS/MA program, especially since there is a glut of 20-30 something's with MBAs.
Posted by Teddy Ruxpin
Member since Oct 2006
39582 posts
Posted on 9/6/12 at 10:19 am to
This would make me feel like a badass beating all my peers if the extra pay didn't require me to get the extra debt.

Man what I wouldn't give to have left LSU as a petroleum engineer making that salary with only 15,000 in debt. I could have paid that off in a year.
Posted by Queen
Member since Nov 2009
3021 posts
Posted on 9/6/12 at 10:32 am to
quote:

That makes me think I'll have to get my MBA to keep competing. frick.


I'd be willing to bet that's because they didn't have any other options when they graduated in the last few years. My dad tried really hard to get me to go to grad school because jobs were not exactly easy to find in the communications field in 2009. The one I thought I had lined up fell through when the company laid off 60% of their PR staff that year.
Posted by Teddy Ruxpin
Member since Oct 2006
39582 posts
Posted on 9/6/12 at 10:39 am to
Ya, a lot of kids decided to "sit it out" when the job market looked bad. I don't know if that strategy is gonna work when every body else did it, but maybe it will.
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 9/6/12 at 11:29 am to
quote:

Except for the Petroleum Engineering. I'm such an idiot for not getting that degree.


My 25 year old son is a Chem E. Odd, a company that recruits for the oil industry called my house looking for him.

I am wondering about you Gen Y'ers and your attitude about spending? I know my son and his wider groups of friends are pretty money conscious.

Posted by KG6
Member since Aug 2009
10920 posts
Posted on 9/6/12 at 11:46 am to
(no message)
This post was edited on 11/29/12 at 3:35 pm
Posted by Tiger4Ever
Member since Aug 2003
36702 posts
Posted on 9/6/12 at 12:03 pm to
quote:

I am wondering about you Gen Y'ers and your attitude about spending? I know my son and his wider groups of friends are pretty money conscious.


I'm a frugal SOB and had to be when I was a state employee early in my career and my wife a new teacher.

I've moved on to the private sector making more than twice what I was making just a few years ago. My wife and I both have masters degrees...with no student loan debt. Our only debt is a $120M mortgage and just took on a car note of about $18M...and it was like pulling teeth to do that since we both had vehicles we owned outright.

Despite being in a much different place financially, our spending remains the same. Its tough to convince her it is the right thing to do...until she hears of her friends stressing because they are living paycheck to paycheck.
Posted by Teddy Ruxpin
Member since Oct 2006
39582 posts
Posted on 9/6/12 at 3:34 pm to
quote:

Our only debt is a $120M mortgage and just took on a car note of about $18M


HOLY shite 120 MILLION MORTAGE AND 18 MILLION CAR NOTE? Is it a Bugatti?

On a serious note, I try to be frugal. I have $300 a month budgeted for restaurants/fast food/boozing. I think that is low for a 27 year old. I don't buy jack in material items. I think I buy 3 clothing items a year. No PS3 or Xbox, etc. Buy computer games on sale after they are 2 years old. Its kind of miserable.

I do all this even though my salary is apparently higher than 75% of the national population with no kids, no house note, no car note.

I also am paranoid that I can be fired at any time, which makes me even more frugal. Hopefully one day I can allay my fears.
This post was edited on 9/6/12 at 3:36 pm
Posted by Powerman
Member since Jan 2004
162230 posts
Posted on 9/6/12 at 7:25 pm to
Article is sexist
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