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re: Break it down - your finances
Posted on 4/29/15 at 3:28 pm to Hawkeye95
Posted on 4/29/15 at 3:28 pm to Hawkeye95
quote:
I think 3-5% is actually pretty high for annual raises, especially lately.
This. 5% is an absolute top arse kissing performer and 3 is usually a high performer that doesn't go that extra arse kissing mile.
Lot's of the fatty fatty no friends employees just getting by are more likely in the 1-3% range. Not even keeping up with inflation. It's sad really.
0
Posted on 4/29/15 at 3:29 pm to lynxcat
quote:
I worked in consulting and 5-7% was for average performers and low double digits for top performers.
i work in tech, and we normally see 1-3% raises, if any. You get the raises when you jump ship, and usually you get 15-25% when you switch jobs
Posted on 4/29/15 at 3:29 pm to lynxcat
quote:I like to call them "bookeepers". Side note, one of the tiniest clients I audited had this woman who wasnt degreed or anything that help run the books. She hands me her card one day, this is how it read:
There are a ton of 'accountants' that work in AP/AR who may never make more than 50k in their careers.
Mrs. Blank, C.F.O
When I told the owner he shite himself laughing
Posted on 4/29/15 at 3:29 pm to lynxcat
quote:
I worked in consulting and 5-7% was for average performers and low double digits for top performers.
this isn't the norm
I promise you
Posted on 4/29/15 at 3:29 pm to lsupride87
quote:
27, married, no kids
Net-$6100/month
Lets take this for example. $6100 a month net comes out to $120,000 a year gross
LINK
As a single 27 year old in Louisiana, STRAIGHT MUTHA frickIN BALLLLIINNN I think he most likely meant gross. This was EPIC cajun. Who is a great poster. So I do not think he is lying in anyway Hell, I hope he was right and really is pulling in 120k
He is married, not single. 120k for a married couple is very reasonable.
This post was edited on 4/29/15 at 3:30 pm
Posted on 4/29/15 at 3:30 pm to lynxcat
quote:
I worked in consulting and 5-7% was for average performers and low double digits for top performers.
in the 1990s or 2000s?
Posted on 4/29/15 at 3:30 pm to lynxcat
quote:Well frick my face. I quoted the link for the wrong person
He is married, not single. 120k for a married couple is very reasonable.
Posted on 4/29/15 at 3:30 pm to STLhog
quote:
I worked in consulting and 5-7% was for average performers and low double digits for top performers.
in the 1990s or 2000s?
Within the last year.
Posted on 4/29/15 at 3:32 pm to pleading the fifth
quote:
And just to clarify I don't consider myself "wealthy" as I don't have a whole lot of liquid assets (I don't own stocks or property). I think it's a misnomer to consider people who have high incomes as wealthy, look at all the pro athletes who make millions during their careers only to be homeless when they get into their 50's. So while I'm trying to build wealth I have a shite ton of debt and bills like everyone else. When you make more money you just spend more money on shite you don't need.
Dude pulling what you're pulling you could buy liquid assets within 2-3 months?
Hell buy something with the private school money. That isn't chump change.
This post was edited on 4/29/15 at 3:36 pm
Posted on 4/29/15 at 3:32 pm to lynxcat
I believe lynxcat and I are/were in the same field. We are definitely on the same page as far as raises, etc.
Posted on 4/29/15 at 3:32 pm to pleading the fifth
quote:
I'm a physician in a higher paying specialty. Right now I'm riding the private practice gravy train for as long as I can but eventually I think salaries will even out especially in light of Obamacare. Almost all of my colleagues are moving more to hospital owned practices which is less salary but also less headache dealing with overhead/insurance companies/etc.
I have a buddy who is a back pain specialist and he's very frustrated with the system now. We were talking about financial goals in the next 5 years and he said he had no chance to match my income goal because he's plateaued and simply won't be allowed to make any more money given the current state of the system.
Posted on 4/29/15 at 3:33 pm to lynxcat
quote:
Within the last year.
I certainly believe it.
Just hasn't been that way in my industry. But growth is struggling across the board at this point.
Posted on 4/29/15 at 3:37 pm to lsupride87
quote:
what would you put this % at? I would say under 5% of accountants are making this at 27
LINK
Here is some info on accounting/finance salaries that is produced by RHI. From what I understand, it’s a pretty well respected salary guide in the industry. You have to take it with a grain of salt because its national averages, no South LA specific.
Also, it doesn't have salary by age, but by position. However, if we go on the assumption that most 30 yo’s have made manager, the whole 100k situation is obviously attainable. 27 may be tough for seniors to make 80k depending on the market, but it’s definitely possible.
Posted on 4/29/15 at 3:43 pm to kennypowers816
quote:Possible. But improbable as well
27 may be tough for seniors to make 80k depending on the market, but it’s definitely possible.
Posted on 4/29/15 at 3:46 pm to kennypowers816
quote:They are respected but man that link does seem high. 71-92k for a Senior in midsize public accounting is very very very high, at lest for South La. I can say from experience P&N is nowhere close to that
Here is some info on accounting/finance salaries that is produced by RHI. From what I understand, it’s a pretty well respected salary guide in the industry. You have to take it with a grain of salt because its national averages, no South LA specific.
This post was edited on 4/29/15 at 3:46 pm
Posted on 4/29/15 at 3:51 pm to lsupride87
I could be mistaken, but I would guess that P&N is closer to a "Small Firm" relative to this publication.
Posted on 4/29/15 at 3:55 pm to lsupride87
quote:
120k for a married couple is very reasonable.
120k for a single person under 30 isn't reasonable, but not completely uncommon. Engineers, some doctors are at this point, and some lawyers can get here easily. In a few years, doctors will kill that number in certain fields.
My goal was 100k by 30. I was willing to take any job no matter the stress level to get there. I cleared the number you have up there this year at 29. I have however learned my lesson that money isn't everything. I'm exhausted and am no longer in the mindset that I'll take on any task for more money. If I had to go back and do it again, I don't know if I'd make the same choices, as there have been times that it's been that stressful. But I'm here now and I can't complain.
Posted on 4/29/15 at 3:57 pm to kennypowers816
quote:Nah. They would def be considered medium with over 600 employees. Ranking 71 in the nation for public accounting firms.
but I would guess that P&N is closer to a "Small Firm" relative to this publication.
Posted on 4/29/15 at 3:58 pm to KG6
quote:I would say it is completely uncommon
120k for a single person under 30 isn't reasonable, but not completely uncommon
It happens, but by definition it is extremely uncommonPosted on 4/29/15 at 4:01 pm to lsupride87
Fair enough.
ETA: FWIW, the salary guide is spot on for my employment history.
ETA: FWIW, the salary guide is spot on for my employment history.
This post was edited on 4/29/15 at 4:02 pm
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