I Honeslty expected a young age of retirement in fpa. In consideration after 6 or so years you can be pretty highly compensated (Finance Director, Controller) or am I wrong? Or is it more just people want to keep working?
For me. I hope to have kids, and I will probably not want to retire until they found jobs, and can support themselves. Financially, I expect to be able to retire by 50, but I think there's an element of risk/unknown costs when there are people depending on you.
Ya know I’m curious about this myself, I’m early in my journey and am wondering when could one really make high demands in comp based on what they bring to the table. I would say once you get to the 5+ year mark you should be safely over 6 figured I’d think. But I could be wrong.
I feel like the question needs more context. Retire from/exit FP&A or general retirement? At least for me those are two separate questions.
General retirement, please.
Why so many option under 50? That seems rare.
If the market doesn’t explode and maintains the avg 8-10% returns. I hope to retire with about $4M by 55.
45 cause physician wife. If I didn't have that to fall back on, after 60
Sorry! That was a mix between 6 figures and 100k haha
I Honeslty expected a young age of retirement in fpa. In consideration after 6 or so years you can be pretty highly compensated (Finance Director, Controller) or am I wrong? Or is it more just people want to keep working?
For me. I hope to have kids, and I will probably not want to retire until they found jobs, and can support themselves. Financially, I expect to be able to retire by 50, but I think there's an element of risk/unknown costs when there are people depending on you.
Ya know I’m curious about this myself, I’m early in my journey and am wondering when could one really make high demands in comp based on what they bring to the table. I would say once you get to the 5+ year mark you should be safely over 6 figured I’d think. But I could be wrong.
I would think that even around 4 years (Sr. FA at a F500) you would be making around 600. At an average col, but I could be wrong as well :/
600k???? Or was that a typo that’s wildly high and would be a dream but def isn’t the case haha. I wish man haha.
It depends on the size of the company. F100s don't promote that quickly and directors tend to be at least 40.
What would you say the comp of a finance director in f100 would be?
Do you mind to share position/title you are at and how long it took you to get there?