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re: Jobs that you can realistically expect to earn $300k+ a year
Posted on 12/10/23 at 9:51 pm to BrewDrees95
Posted on 12/10/23 at 9:51 pm to BrewDrees95
Nationwide, about 600 attorneys.
0
Posted on 12/11/23 at 9:48 am to JL
quote:
I guess working for an independent and now a major doesn't qualify me to answer.
Your friends are full of shite pulling down 400-500K except is very rare circumstances, especially 10 yr guys. D&C/Reservoir will make the most but guys are still 250 range until you hit upper management. Reservoirs that has their stamp and can sign-off on reserves also will bring top$.
Small private equity where you have ownership, yes you can hit big numbers.
I left a major 8 years into my career with a base of $185k. Joined an independent with a base of $220k that paid at the time ~$80k/yr in bonus and $80k/yr in retention. Since then I've received 2 promotions and though my base hasn't gone through the roof the other two push me pretty high. I've got a lot of peers in similar situations. I don't work for a company who is in unconventional areas so I don't really know how they pay, but I know that folks working conventional fields US and overseas in D&C/reservoir do well.
If you're in Houston I would be happy to take you to lunch with a bunch of LSU PETE grads so you can tell them they are full of shite to their face.
Yeah I'm going to agree with his assessment here. Definitely going to make more with independent or smaller PE shop, and $300k total comp is very easily doable. I'm at a smaller PE shop now with ~$400k base (salary and annual bonus), with additional upside. Last year we had a change of control event that vested shares and pushed total comp into 7 figures. And the equity owners aren't just hitting "big numbers", they are making 8 figures, easy.
Posted on 12/11/23 at 3:04 pm to Crescent Connection
quote:
know house supervisors making $130-140k with some overtime in Lafayette.
What does being a house supervisor entail?
Posted on 12/12/23 at 11:36 am to TigerFanInSoCal
quote:
Yeah I'm going to agree with his assessment here. Definitely going to make more with independent or smaller PE shop, and $300k total comp is very easily doable. I'm at a smaller PE shop now with ~$400k base (salary and annual bonus), with additional upside. Last year we had a change of control event that vested shares and pushed total comp into 7 figures. And the equity owners aren't just hitting "big numbers", they are making 8 figures, easy.
Dang congrats on that. I left my job at an E&P because I was tired of the boring arse work, no flexibility on where I can live, and general malaise of the o&g industry. Also the total lack of upward mobility (at least at the conventional independent I worked at).
Ended up ditching the industry and going to business school. Maybe your kind of pay would have made the decision harder
As far as entry level 300k jobs, I know plenty of people I graduated B school with who will be making around $300k or more (base + bonus) working as investment bankers. And that's just starting pay, after a few years they'll be through the roof. They are all bankers in NYC or Houston and work until midnight every day, though
Posted on 12/12/23 at 12:06 pm to frankthetank
I wish I could find the statistic, but I once read a surprisingly high percentage (something like 20%) of Americans will be in the top 1% of earnings in a single year in their lifetime. Presumably due to a business sale or other one time gain event.
A very, very, small percent of Americans stay in the top 1% of earners multiple years in a row.
Not an answer to your question, but jobs that broadly pay well in excess of $300k year after year are largely going to be doctor/dentist, certain areas of the law, top performing sales positions, equity owners in a successful business, or upper management at major companies.
I’m largely ignorant of engineering.
A very, very, small percent of Americans stay in the top 1% of earners multiple years in a row.
Not an answer to your question, but jobs that broadly pay well in excess of $300k year after year are largely going to be doctor/dentist, certain areas of the law, top performing sales positions, equity owners in a successful business, or upper management at major companies.
I’m largely ignorant of engineering.
Posted on 12/13/23 at 6:18 am to frankthetank
Oil/Products, Natural Gas and Power traders easily make that plus some. Total comp. Usually bonus heavy.
Posted on 12/13/23 at 6:30 am to Bob Sacamano
This is correct, TAMU has an excellent trader program if your kid wants to ball and can get into the program. I know a handful of people who do this and they all enjoy it and live very nice lifestyles.
This post was edited on 12/13/23 at 6:31 am
Posted on 12/13/23 at 8:48 am to TheIndulger
How do you like your decision to get the MBA? What are you doing now of you don't mind me asking? I have contemplated getting an MBA.
Posted on 12/13/23 at 9:02 am to frankthetank
My son in an engineer pulling that
Posted on 12/13/23 at 9:39 am to GREENHEAD22
quote:
How do you like your decision to get the MBA? What are you doing now of you don't mind me asking? I have contemplated getting an MBA.
Overall very happy with the decision. I went to a T20 full time program and a lot of the value came from the network you build through the shared experience. I can only vouch for the full time MBA. I'd recommend a good program if you want to build a network and/or make a career change, but an online or regional MBA can be a "check the box" to get promoted at your current employer
I'm starting as a strategy consultant next month.
Posted on 12/13/23 at 10:11 am to ned nederlander
quote:
I wish I could find the statistic, but I once read a surprisingly high percentage (something like 20%) of Americans will be in the top 1% of earnings in a single year in their lifetime. Presumably due to a business sale or other one time gain event.
A very, very, small percent of Americans stay in the top 1% of earners multiple years in a row.
Top 1% varies widely by state. And top 1% net worth is something like $10 million in the US.
Posted on 12/13/23 at 12:00 pm to JL
quote:
This is correct, TAMU has an excellent trader program if your kid wants to ball and can get into the program. I know a handful of people who do this and they all enjoy it and live very nice lifestyles
Tulane TAMU and others have good programs. I went through Tulane’s program.
Posted on 12/13/23 at 8:20 pm to GeauxTigers123
Crazy to me that the top 1% in Texas and Cali are so close. No wonder so many high earners are moving to Texas.
Posted on 12/13/23 at 10:49 pm to baseballmind1212
And how is North Dakota so high?
Posted on 12/13/23 at 10:53 pm to Rick9Plus
quote:
And how is North Dakota so high?
My guess is a small population combined with a metaphorical handful of very wealthy people in O&G drive it that high. The standard deviation is probably massive.
Posted on 12/15/23 at 1:43 pm to frankthetank
I know plenty of lawyers barley making $100k and plenty killing it $300k+. Each in every field of the law.
The difference? The employees vs the employers. As in any field. Either you're making someone else money or you're making money for yourself.
The difference? The employees vs the employers. As in any field. Either you're making someone else money or you're making money for yourself.
This post was edited on 12/15/23 at 1:45 pm
Posted on 12/15/23 at 4:04 pm to Fishwater
You realize that the starting salary for an associate attorney in big law is $215k right? By their 5th year, they’re making over $300k—as employees. Sure, the partners are making way more, but there aren’t a ton of solo practitioner-be-your-own-boss attorneys who have the upward income mobility as a big law associate.
Posted on 12/15/23 at 4:24 pm to Rick9Plus
quote:
And how is North Dakota so high?
Oil that is, black gold, Texas Tea…
Posted on 12/15/23 at 4:56 pm to tigerbacon
quote:
most doctors make around 100k which include pediatricians, er doctors, GP
stopPosted on 12/16/23 at 3:52 pm to TigerDeBaiter
According to salary.com, Doctors at free clinics make between $155K and $190K. I would think they are near the bottom of the pay scale.
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