- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: NY BIGLAW Salary Raise - $190K for 1st Years
Posted on 6/4/18 at 10:04 pm to Das_Wanda_kid
Posted on 6/4/18 at 10:04 pm to Das_Wanda_kid
Know any engineers?
1
Posted on 6/4/18 at 10:07 pm to athenslife101
quote:
quote:
Plus don't most have large expense accounts and a lot of things like dry cleaning and meals paid for?
I know one director in finance who works in Midtown butblives in upstate New York. She obviously works long hours. If she works past 8 I think, the company has to drive her the 2-3 hours back to her home instead ofnletter her take the train she usually does
As far as I am aware, that is de rigueur in big law, investment banking, and strategy consulting (along with certain marketing firms, advertising agencies, some tech firms, some auditing places, etc.).
I am not exactly sure how it works in big law or banking, but in strategy consulting, your travel points are considered part of your compensation package, and the benefits kind of compound on each other. You're working late because you're working a lot and you're traveling a lot; you're earning a ton of points on airlines and hotels; you're not only expensing a lot of your own expenses (meals, Ubers, flights, etc.), you are, just as importantly, not spending your own money on daily living expenses - and that is just as important as expensing items.
So what is on paper is a $150,000 or whatever salary it is, in effect, a $175,000 or $180,000 salary before bonus because of what you're earning in points, saving on expensing food and trans and other forms of entertainment, and so forth.
Posted on 6/4/18 at 10:09 pm to JohnnyKilroy
quote:
Know any engineers?
About 12 years now.
Posted on 6/4/18 at 10:13 pm to Das_Wanda_kid
Well then you should know several who started out of school in the 75+ range that worked 40 hours a week on average.
I know a shitload that are in the six figure range that only work more than 40 hours a few weeks a year. None have more than 6 years experience.
I know a shitload that are in the six figure range that only work more than 40 hours a few weeks a year. None have more than 6 years experience.
This post was edited on 6/4/18 at 10:14 pm
Posted on 6/4/18 at 10:18 pm to athenslife101
quote:
Is there any job out there that isn’t miserable at 190k?
Everyone I know who makes more than 150k is busting there arse all the time to just stay in place. It’s a choice to make that money.
One director flat out said, “I got to my current position because i told my boss I wanted to work more and make more money. Then I told him I wanted a break again. Then I said I wanted to get back to making more money and my salary and career advancements flowed based on my dedication to busting my arse.”
Depends on the field and age, I think.
If you're in the traditionally uber competitive professional services industries (I mentioned above, but investment banking, strategy consulting, big law, some advertising and marketing, tech, and so forth) and relatively young (say, younger than 35 or 40), it will probably be a grind. The promise is always that you can get a job with similar compensation or prestige after you do your time and that new position will be not anywhere nearly as stressful or as demanding. The other promise is that if you keep on grinding like that, you're ceiling is very, very, very high (mid-six or even seven figures) if you're talented enough.
But I know plenty of PA's, web developers, some experienced tradesmen, industrial manufacturing management types, F1000 (and other large firm) junior and mid-level management, etc., etc. that earn in that range without a horrid amount of stress. The difference is that other than those already in management roles with an upward trajectory, their ceilings are capped.
Posted on 6/4/18 at 10:19 pm to JohnnyKilroy
I bet none of them ever make $190. That’s all I’m saying. Good jobs are staffed with people that work a lot and are relied on heavily.
Posted on 6/4/18 at 10:21 pm to Das_Wanda_kid
Well we've gone from 70 to 190 now 
Posted on 6/4/18 at 10:25 pm to JohnnyKilroy
I’m proud of you cranking out the $71k and all, but I was referencing the response of 80 hours a week to the OP. Go back to ballin’, you got me.
Posted on 6/4/18 at 10:33 pm to Das_Wanda_kid
quote:it really isn’t
That’s all I’m saying.
Posted on 6/4/18 at 10:39 pm to AbuTheMonkey
Nurses in Cali make 150K. It's possible to become a nurse with 3yrs of college.
Posted on 6/4/18 at 10:55 pm to lsu xman
quote:
Nurses in Cali make 150K. It's possible to become a nurse with 3yrs of college.
That's something of an exception as the California nurses' union is very powerful, and that number doesn't take into consideration purchasing power. Also, nurses in that range have a fairly low ceiling vis a vis many other professions who command that kind of salary.
I'd rather be a 27 year old in big law with big law debt in NYC making $190K than a 40 year old nurse in California making $150K given expected lifetime opportunities and projected income.
Posted on 6/4/18 at 11:47 pm to AbuTheMonkey
Yeah, the management consultant I know probably gets at least 30-40k a year in travel benefits. They take Ubers to work every day and still have travel expenses left over. And they get car services all the time and some pretty heft other travel benefits. I think they got like 60 dollars extra per diem knxe because the flight didn’t arrive home by like 6:30. It arrived at 6:45. So they took me out to eat at a nice restaurant
The director I mentioned was front office that had responsibilities that are hard to describe but they had a trade desk than answered to them and they negotiated business development with clients in certain obscure processes. She certainly didn’t travel that often. But if you remember a few years ago, there was a huge freak out when an intern died from being “overworked.” So every firm on Wall Street had a bunch of rules that restrict how much time you can spend working and does stuff like pay for dinner if you work long hours. One of those rules was if you work a certain amount of time with commute, they have to ensure you get home safely and wouldn’t leave it up to you. They had a black car service for her
The director I mentioned was front office that had responsibilities that are hard to describe but they had a trade desk than answered to them and they negotiated business development with clients in certain obscure processes. She certainly didn’t travel that often. But if you remember a few years ago, there was a huge freak out when an intern died from being “overworked.” So every firm on Wall Street had a bunch of rules that restrict how much time you can spend working and does stuff like pay for dinner if you work long hours. One of those rules was if you work a certain amount of time with commute, they have to ensure you get home safely and wouldn’t leave it up to you. They had a black car service for her
Posted on 6/4/18 at 11:50 pm to AbuTheMonkey
Yeah, I had a manager who used to brag that her old manager got fired and got immediately hired onto the board of directors of some odd organization that I can’t remember. She said he made twice his old salary and worked maybe like a week a month. But I kinda consider that being retired.
Posted on 6/5/18 at 12:16 am to Das_Wanda_kid
quote:
I am only making a point that you don’t make 6 figures working a job 9 - 5 and not brining work home with you...Particularly in your first year. 40 hour per week jobs cap out around $70k unless you own the company.
Posted on 6/5/18 at 12:19 am to Das_Wanda_kid
quote:
bet none of them ever make $190. That’s all I’m saying. Good jobs are staffed with people that work a lot and are relied on heavily.
I made $190 last week and the paycheck to prove it!
Posted on 6/5/18 at 12:27 am to Mo Jeaux
Big boys in Houston (V&E, K&E, etc.) will match the raise I’m sure. I think they’re at 180k right now.
Posted on 6/5/18 at 12:30 am to Das_Wanda_kid
quote:
How many hours a week do you think people that make $190k a year work? Do you think that people making 6 figures punch a time card?
I can’t speak for the other OT Ballers but I don’t work more than 40 hrs a week.
Posted on 6/5/18 at 12:50 am to Rize
OT really trying to big dick one another in here
$190K as a single person is a great living anywhere. I’m intimately familiar with the grind on the consulting side. The are tons of fringe benefits baked into the system, most importantly, you have no expenses while on the road while making money and points. Per diem is a game changer if you are in a city like Chicago. It was $74/day when I was visiting. London was north of $150/day.
$190K as a single person is a great living anywhere. I’m intimately familiar with the grind on the consulting side. The are tons of fringe benefits baked into the system, most importantly, you have no expenses while on the road while making money and points. Per diem is a game changer if you are in a city like Chicago. It was $74/day when I was visiting. London was north of $150/day.
Posted on 6/5/18 at 12:54 am to lynxcat
OP - what are the starting salaries in N.O?
Posted on 6/5/18 at 1:04 am to matthew25
I’m in Dallas. No idea for New Orleans. I never did big law though. I was a management consultant out of undergrad.
This post was edited on 6/5/18 at 1:05 am
Page 4 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News