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How much can you expect salary to increase from starting salary?
Posted on 7/21/16 at 7:21 pm
Posted on 7/21/16 at 7:21 pm
How much can you expect salary to increase from starting salary over time? Glassdoor has been pretty useless. I have no clue what my co-workers and managers make except that I'm far junior to anyone else in terms of benefits. Highly specialized but unsexy field.
16
Posted on 7/21/16 at 7:27 pm to athenslife101
What industry or type of work? That will help with the responses you get.
Posted on 7/21/16 at 7:39 pm to WDE_315
Global market ops. Very specialized (considered top of the field) and part of a very large firm.
Posted on 7/21/16 at 9:21 pm to athenslife101
Pretty broad question. I am in IT and my salary has increased 5 times what I started at in 13 years.
Posted on 7/21/16 at 9:39 pm to athenslife101
Yeah definitely a lot of factors that go into this. For example, my salary has increased ~125% since I started 2 years ago. This is a result of being severely underpaid starting out (which is typical of the field) as opposed to me doing anything world-beating.
Posted on 7/21/16 at 9:46 pm to athenslife101
Anecdotally speaking, I'd say my friends in the corporate world have averaged about a 50% total increase over starting salary in a five year timeframe.
Posted on 7/21/16 at 9:52 pm to athenslife101
Salaries grow more early in your career generally speaking. Someone can go from 50k to 100k in 5 years with relative ease if performing well and advancing.
You need to change companies to typically maximize your salary. It is a sad truth.
You need to change companies to typically maximize your salary. It is a sad truth.
Posted on 7/21/16 at 10:24 pm to lynxcat
Yeah,!i have a family member who had an increase of about that.
I just want to know because I'm going to be having decisions in the next few months a do might have opportunities to move around within the company to sexier positions That require putting in much much longer hours.
I just want to know because I'm going to be having decisions in the next few months a do might have opportunities to move around within the company to sexier positions That require putting in much much longer hours.
Posted on 7/21/16 at 10:25 pm to athenslife101
Life is full of trade offs. Only you will know if those longer hours are worth it.
For me, I gladly work longer hours to advance right now. I won't do this forever though.
For me, I gladly work longer hours to advance right now. I won't do this forever though.
Posted on 7/21/16 at 11:09 pm to athenslife101
Rule of thumb is you're doing well if your salary doubles after 5 years with the company. from there it'll probably track more closely with inflation plus a few bumps for good years.
Posted on 7/22/16 at 9:00 am to athenslife101
I am in engineering. From just starting out of college in 2005 up until two months ago my salary had doubled. I took a 46% cut in pay two months ago.... 
Nothing like having 11 years industry experience and getting paid the same as when i just graduated plus there isn't anyone out there hiring in my field within a 1000 mile radius.
Nothing like having 11 years industry experience and getting paid the same as when i just graduated plus there isn't anyone out there hiring in my field within a 1000 mile radius.
Posted on 7/22/16 at 10:26 am to athenslife101
There are lots of factors going in to this. Your chosen profession for starters. Years of experience are one thing but you also have to consider other things such as interpersonal skills, leadership skills, management skills. In IT I do better than people with similar development skills simply because I built up project management experience and certifications.
You need to network with people in your field and find more information outside the walls of your current employer. Consider taking some interviews and see if you can get an offer just to see what you could potentially get.
You need to network with people in your field and find more information outside the walls of your current employer. Consider taking some interviews and see if you can get an offer just to see what you could potentially get.
Posted on 7/22/16 at 10:32 am to bayoudude
What Eng field?
Posted on 7/22/16 at 10:53 am to athenslife101
Back when I was a high school teacher, I saw around an $800 raise every year except the year I got tenure. I went from $36k/year to $42k/year after six years of work.
What a terrible job.
What a terrible job.
Posted on 7/22/16 at 10:55 am to eng08
quote:
What Eng field?
Naval architecture & Maine Engineering
Posted on 7/22/16 at 12:11 pm to athenslife101
I'll have to leave my current organization to have a shot at pay raises. Probably change cities as well, but I wouldn't be satisfied making my current salary 2 years from let alone 5.
Posted on 7/22/16 at 12:19 pm to bayoudude
I work in technology and my salary has gone up 4x over about 10 raises/job hops in 20 years.
Outside of one job change that doubled my salary, most raises were in the under 5%. I had one 20% raise, and one 15% raise.
best bet is to job hop. 2 years after your first job is the perfect timing IMHO.
Outside of one job change that doubled my salary, most raises were in the under 5%. I had one 20% raise, and one 15% raise.
best bet is to job hop. 2 years after your first job is the perfect timing IMHO.
This post was edited on 7/22/16 at 12:20 pm
Posted on 7/22/16 at 12:24 pm to athenslife101
Long story short, there is no way for you to know.
Posted on 7/22/16 at 1:03 pm to Hawkeye95
quote:
best bet is to job hop. 2 years after your first job is the perfect timing IMHO.
Definitely agree with this. The 2 years of experience is typically worth more to an outside organization than it is for your current.
I'm 6 years out of school and my salary has basically tripled, but I was paid shite starting out and I made a slight career alteration (along with gaining certifications and a masters degree).
Posted on 7/22/16 at 1:19 pm to bayoudude
Yeah, that's a niche. Have several friends in it.
I'm in construction and salary is up 100% in 10 years from where I started, but I had to take some risks to get here and basically moved groups inside a large company to do it. If it had not worked out I probably would have been on the street anyway.
I'm in construction and salary is up 100% in 10 years from where I started, but I had to take some risks to get here and basically moved groups inside a large company to do it. If it had not worked out I probably would have been on the street anyway.
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