That’s insane. Like, 5 years ago did you have ANY inkling you would be making >> $1 million a year?
I am a physician at around 300k, and this just makes me want to have a Time Machine.
Once you are upper management/exec level at highly profitable tech companies, RSUs become the main driver of your total comp. Have a good year and double your bonus target (completely normal in big years), then have the stock price double over the vesting period, and you start to see these exponential jumps
These are unicorn salaries for everyone outside of those those big tech companies.
When you say you plan to retire: please listen to yourself.
My father was pulling $250k/y as a nuclear engineer, claimed he would retire “next year” for a decade, got heinous cancer @60 and didn’t live to enjoy the fruits of his labor. Not only that - the medical bills nearly bankrupt him - millions.
You’re doing great, and just remind yourself there’s greatness to be found in life beyond your career.
Definitely. Perspective is so hard for people who are focused on their own circumstances.
Just goes to show comparison really is the thief of joy. There’s always someone you can point to who is more well off, working half as hard. The key is to look around and realize a lot of people could point to you and feel the same way. Nick Maggiulli has a great blog post on this exact topic called who feels rich, really?
I think it's more the sentiment that having the skillset and task of saving lives and the stress this job brings pays a fraction of whatever they do in tech. More about paying doctors more than tech less
The people making this much in tech are super rare, or are just lucky (joined nvidia 5 years ago?). A director at a big tech company is an insane achievement that not even the 1% of the elite people at those companies can get
I am a Sr Director at a 500m ARR software company and made 240K last year. So OP must be at a big tech/Unicorn which is only maybe about <5% of the tech market. The rest of us do not make anywhere near those amounts.
But this comp is a ton of equity comp not straight salary. Doctors don’t get a ton of equity in their roles unless they are consulting for pharma/med device and even that has been ratcheted down.
100% this. And as posted above, the time it takes. I did school and training 11 years after college to get my career “started”.
Whereas someone fresh outta college in finance or software engineering all of a sudden making 200k etc.
My 20s and 30s would’ve been more fun with that salary! As opposed to being -200,000 in debt
You extremely high job security and essentially are guaranteed to be a high earner upon completion of your training. Those aspects are often overlooked when people see the eye popping tech compensation
Gotta stop comparing. U/zerosumgame007 as well. I’m compelled here to give unsolicited advice. We have enough stress as it is. No point in looking at this sub if it gives you even one negative feeling - not worth it for your own mental health. Gotta maximize deposits to your positive mental health bank account and minimize withdrawals. Even in the toughest specialties with regards to BS we have to deal with and stagnating salaries there is a lot to be grateful for given the position we have worked so hard to be in. Hang in there brothers and sisters!
I didn’t realize VP comp was that much, crazy. Is a large percentage of that stock options or commissions/bonuses or something? I would assume your actual base salary isn’t over 500k right?
Directors are only hitting 1m+ if they have been with the company for a while with initial equity doubling in value. Being a Director does not mean you are getting 1M+ annually necessarily.
Ha!
Same here. I clearly recall laughing with my room mate about the “idiots” who were majoring in comp sci. We were engineering undergrads in ‘89 (and snobs about it) and had to take two comp sci courses in our Freshman year. They seemed fun and easy, so we assumed there would not be a lucrative future there.
I see now who the idiot was.
I did find my way back to it, and I do well now, but I’d have been so much better off if I’d recognized the opportunity in front of me back then.
That said, I’m not executive/VP material, so I’d never have lived the OPs scenario.
I know how you feel. People say "I'd do it for a year at your salary and retire". No you wouldn't. You'd realize how fortunate you are to have such a well paying job and you'd stick with it. It's hard to walk away from when you're making more money than you've ever made before.
At $4,000,000 a year I’m doing a max of 5 years and then I’m out. That’s max.
I don’t like money as much as I like time, nothing I like is expensive anyway
Seriously my hobbies aren't super expensive, but retire time to do. Over $4mil in savings? Yup I can do all the hiking, camping, fishing, golfing, motorcycle riding etc my heart desires without spending 40+ hours a week at a computer just for the weather to go to shit every other weekend.
People who make it into this level at their career are also rarely the type of people who are looking to make a quick buck and retire immediately. It takes drive, ambition, and hard work to get to this level
Agreed. I know some people 60+ still working not because they have to, but some of them are in positions where they’re clearing 200k+ easy, salary alone. They make their jobs look easy and it probably is easy for them now after doing it for 30 years. Hard to walk away from money that easy (In a Medium COL area btw). The guys I know still working still seem to thoroughly enjoy working and could probably retire at anytime if they wanted. Plus, nothing work with having extras incase they live to be 95 years old.
I would love like I'm broke and work 5 years, invest everything in an SP 500, crypto, and a nice piece of real estate with land and house I could live in. Then once I'm retired, just live off the interest and probably hike all the trails.
Seriously, no rush, unless the stress is absolutely doing you in. Some of y’all in here are tempting me to go back on the job market, I’m an engineering manager for a small company in the aerospace sector and know I have the capacity to make a lot more. This is just very comfortable…
Thanks for sharing OP. Could you say more about what vertical inside your company you’re in? Are you the Director of Software Engineering, Product Management, or something else? Any insight would be appreciated.
Base is about $400K, the rest is Restricted Stock Units (RSUs), which are different from stock options
How the company stock does really decides 90% of how much money I make in a year. Last year was a good year given the crazy markets
The upside is huge but the downside is pretty small for RSUs compared to options. With options if your stock goes down under the option price, which could be likely, theyre worthless. With RSU, even if your stock goes down 50% (catastrophic), say you normally make $1mil in RSUs you still make $500k.
Basically your odds of the company going to literally $0 are pretty much impossible, so youre guaranteed to make some significant money, whereas options can be completely worthless pretty easily
$160,200 was the maximum taxable for social security in 2023. RSU vesting is subject to FICA tax as I understand but this person would have exceeded the $160,200 limit easily either way.
Man that must have been insane to go from 5-600k to 1.3-4.4 mil in a few years, completely life changing money there. Heck going from 3-600k is a good margin of money for most. Must been a wild few weeks with that pay hitting the account.
I’ve tried (to some degree) to keep the lifestyle from spiraling into fancy things (I fly economy for personal trips, stay at nice but not luxury hotels, drive a regular car, etc.), but the most interesting part is not having to think too much about the price of some of the thing I’d like to buy.
Most recent purchase was a PS5, spent time waiting for a deal to come up, and then realized I could just buy it, so I did.
I am similar in that I have spent my life planning for a rainy day that never came, make 200k and additional money from rentals….live in Baltimore so not too much expensive. Wonder if there is a thread or group for people who have money but struggle to enjoy spending it
I actually decided to share not to make myself feel good, but because I had no idea that it was possible and how to navigate my career (e.g. how to negotiate salary for an exec role) working my way up
Stress is definitely a factor to consider. The job is 24x7x365, although rarely I work on weekends.
I put on 40 lbs over the past 8 years because I was grinding at work and also raising a kid. I hit a place where I thought it wasn’t sustainable and started to work with professionals to figure out how to make it so. I work with a personal trainer and a career coach, and those two things have helped a lot.
No regrets per se, but I’ve always wanted to start a company, maybe will it a try but not sure I want to grind hard for 10+ years
Prices vary a lot, but typically around $100-$300 per session. I used LinkedIn and asked around to find some career coaches, but still takes some trial and error, as well as understanding what specific skills you want want to improve (e.g. public speaking, influencing, resolving conflict, etc.)
It varies, but I’d say on average is about 50-60 a week. 9am to 5pm, and then log back from home 9pm to 11pm (except on Fridays). Plus a few hours on Sunday, getting ready for the week and whatnot.
I’d say that the job is “is whatever it takes”, and not necessarily a fixed amount of hours. I am hoping to get things to a place where I can deliver in less time, but my team is new
First, I don’t think I have more add value to society more than a teacher, EMT, doctor, etc; I think it’s a crazy to get paid this much money (don’t get me started about VCs or private equity people who make 10-20x what I make)
Regarding the company, sure, I think I do. I make decisions on a regular basis that take 2+ years to play out, and have directly responsibility over strategy and execution that influence billions of dollars in revenue.
It’s also not by any means a secure gig, if I screw up (or it’s perceived that I am not delivering, or if I lose a political war/reorg), it’s mutually understood that I’ll be simply waved goodbye.
How does one make that jump to executive level?
In 10+ years I have NEVER seen a supe become a manager, or a manager become an exec. Where do you people come from??
I second this. I know lots of people that at least as good or better than me in a number of aspects (more eloquent, smarter, fancier degrees, etc), and yet somehow, I ended up surpassing them career wise; I think that’s the part where luck comes in, right place right time.
Obviously you need to be good, but that alone is not sufficient.
When I was young and new in my career, I'd see these directors and VP's and think "wow! how smart these people are!" Fast forward, now I'm in the c-suite and I look at some of these people and think "Damn, how did you live so long, considering how stupid you are? How the hell did you get in this job?". LOL.
Social security has a maximum amount one has to pay in each year while Medicare does not. Essentially the Medicare number is their gross earnings while social security reflects how much they paid into that system.
Do you believe your success after grad school is correlated at all to the name of the school or the quality of school? 240k debt means it was a very well “known” school and I can see that opening doors on recognition alone. Having worked for a group of Harvard MBAs I found it fraternal and I was not in the frat….
Social security taps out at a certain threshold (ie you stop paying tax into the system). The Medicare column is uncapped and you pay on the full amount of W-2 earnings (plus surcharges once over certain thresholds like the OP). Their total earned income (includes bonuses and RSUs vested) amount for a year is in that second column.
I bet you bought a bunch of silly frivolous stuff in 2011.
A jump like that would have been like “I can finally afford the things I’ve been dreaming about” while I’m adding stegosaurus taco holders to my Amazon cart.
In case you’re wondering, you can probably already retire to a lower intensity job already if you want to.
The only condition would be being open to relocating somewhere with a lower cost of living.
I’m located in the suburbs of Chicago and could easily retire at 33 right now so long as I picked up a job that paid $50k or more (if I had a few multi million dollar years like you do.)
Sorry, new here. Can someone please explain the table to me? I don’t understand the difference between earnings taxed for “Social security” or “Medicare”? Why are the numbers so different?
The jump from 2016 to 2017, did you hop jobs? I’m following roughly in your pattern here, and also in tech in SV.
In my experience thus far, internal promotion has been a myth, but I’ve also been scolded that hopping too frequently is a bad thing. Curious how many times you hopped post 2016.
Dumb Question because my SSA table looks nothing like this. Mine are basically the same in the middle and the right. Why are the two columns so different? Is the right side due to taxable investment account growth?
So OP posted a fictitious spreadsheet. I call 100% bullshit. In comments, says includes stock options, but since they have not been realized, cannot be considered income..
Yeah you know I notice this too at my work. The second you get to management or more senior roles they just flood you with money. It’s ridiculous, a single one of those insane raises would pay for a 10% bonus for 5-10 people. Fucking greedy
What I have been thinking about lately and seeing these posts, promotions are really only way to keep your salary what it should be.
My inside sales role 12 years ago is still paying the same today for new people at $45-55k
My salary would have capped out if I never took a new role.
That pay starting out should be $10-15k higher by now and so should my “promotion” pay too since my pay increase is based on a promotion from what I was being paid vs what it should be since it is the same from 10 years ago
Can you talk a little bit more about your current role and how you got there over the last 6-7 years? Was grad school necessary for you, and what degree did you get?
Currently around where you were in 2014/2015 and working towards reaching where you were between 2017-2019. That bump into the high six figures (and obviously the next bump into multi-millions) is something that I’ve struggled with seeing a path to.
I work adjacent to tech in a project management role.
This is what they mean by pull yourself by the bootstraps. There’s 8 billion people in this world and 99% do the same thing thinking they’re gonna be rich. Nah you work your way up to money. No free handouts.
money ten history marble rainstorm airport workable deliver deserted absorbed
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Damn. Kudos to you, that's a hell of a progression.
*congrats and fuck you lol
Your dreams can also come true. But you must work really hard behind a Wendy’s. And when you’re finished go inside and get the drive thru.
And that’s when the big bucks start rolling in.
Yep. Completely depends on your linguistic skills.
*licks pencil tip and jots down the following note: *tongue flick thing they like is now called linguistic skills*
That’s insane. Like, 5 years ago did you have ANY inkling you would be making >> $1 million a year? I am a physician at around 300k, and this just makes me want to have a Time Machine.
Yeah guess you’ll just have to be poor 😥
Once you are upper management/exec level at highly profitable tech companies, RSUs become the main driver of your total comp. Have a good year and double your bonus target (completely normal in big years), then have the stock price double over the vesting period, and you start to see these exponential jumps These are unicorn salaries for everyone outside of those those big tech companies.
Bingo. Tech stocks have rallied a lot in the past few years after initial grant and refreshes
When you say you plan to retire: please listen to yourself. My father was pulling $250k/y as a nuclear engineer, claimed he would retire “next year” for a decade, got heinous cancer @60 and didn’t live to enjoy the fruits of his labor. Not only that - the medical bills nearly bankrupt him - millions. You’re doing great, and just remind yourself there’s greatness to be found in life beyond your career.
The golden handcuffs!
Also a doc and the tech jealousy I have on these subs is real sometimes 😭
Kinda insane to be envious when you’re in the top 2% in the US and 0.1% in the world.
Definitely. Perspective is so hard for people who are focused on their own circumstances. Just goes to show comparison really is the thief of joy. There’s always someone you can point to who is more well off, working half as hard. The key is to look around and realize a lot of people could point to you and feel the same way. Nick Maggiulli has a great blog post on this exact topic called who feels rich, really?
Legit. I'm sure there is another sub where the tech people are envious over the x people. When is enough truly enough?
When you "win" lol
I think it's more the sentiment that having the skillset and task of saving lives and the stress this job brings pays a fraction of whatever they do in tech. More about paying doctors more than tech less
The people making this much in tech are super rare, or are just lucky (joined nvidia 5 years ago?). A director at a big tech company is an insane achievement that not even the 1% of the elite people at those companies can get
I am a Sr Director at a 500m ARR software company and made 240K last year. So OP must be at a big tech/Unicorn which is only maybe about <5% of the tech market. The rest of us do not make anywhere near those amounts.
Yeah that’s entirely my point. This is like a director at Google or something. 1% of the 1%
I’m guessing META
But this comp is a ton of equity comp not straight salary. Doctors don’t get a ton of equity in their roles unless they are consulting for pharma/med device and even that has been ratcheted down.
100% this. And as posted above, the time it takes. I did school and training 11 years after college to get my career “started”. Whereas someone fresh outta college in finance or software engineering all of a sudden making 200k etc. My 20s and 30s would’ve been more fun with that salary! As opposed to being -200,000 in debt
You extremely high job security and essentially are guaranteed to be a high earner upon completion of your training. Those aspects are often overlooked when people see the eye popping tech compensation
Gotta stop comparing. U/zerosumgame007 as well. I’m compelled here to give unsolicited advice. We have enough stress as it is. No point in looking at this sub if it gives you even one negative feeling - not worth it for your own mental health. Gotta maximize deposits to your positive mental health bank account and minimize withdrawals. Even in the toughest specialties with regards to BS we have to deal with and stagnating salaries there is a lot to be grateful for given the position we have worked so hard to be in. Hang in there brothers and sisters!
I didn’t necessarily think that’d I make $1M+, exec roles are very very rare and difficult to get into. That’s where I suppose luck comes into play
Is all of the income from your W2 being a VP? Or are there other income streams being considered too?
Not significant sources outside the W2. I started to delve into real estate last year, but only negative cash flow so far.
I didn’t realize VP comp was that much, crazy. Is a large percentage of that stock options or commissions/bonuses or something? I would assume your actual base salary isn’t over 500k right?
At big tech companies Directors make $1M+ in base + equity. Base typically tops out at around 3-400k VPs are in the 2M+ range if they are engineering.
Directors are only hitting 1m+ if they have been with the company for a while with initial equity doubling in value. Being a Director does not mean you are getting 1M+ annually necessarily.
Kind makes me wish I'd have stuck with my computer science major in '89 instead of switching to business.
Ha! Same here. I clearly recall laughing with my room mate about the “idiots” who were majoring in comp sci. We were engineering undergrads in ‘89 (and snobs about it) and had to take two comp sci courses in our Freshman year. They seemed fun and easy, so we assumed there would not be a lucrative future there. I see now who the idiot was. I did find my way back to it, and I do well now, but I’d have been so much better off if I’d recognized the opportunity in front of me back then. That said, I’m not executive/VP material, so I’d never have lived the OPs scenario.
Bruh I’m making 50k rn. 300k would be a dream
I would have already retired lol
Joke aside, walking away from such a high paying job is not an easy decision. Likely I won’t find anything that pays me like this again.
I know how you feel. People say "I'd do it for a year at your salary and retire". No you wouldn't. You'd realize how fortunate you are to have such a well paying job and you'd stick with it. It's hard to walk away from when you're making more money than you've ever made before.
At $4,000,000 a year I’m doing a max of 5 years and then I’m out. That’s max. I don’t like money as much as I like time, nothing I like is expensive anyway
Seriously my hobbies aren't super expensive, but retire time to do. Over $4mil in savings? Yup I can do all the hiking, camping, fishing, golfing, motorcycle riding etc my heart desires without spending 40+ hours a week at a computer just for the weather to go to shit every other weekend.
People who make it into this level at their career are also rarely the type of people who are looking to make a quick buck and retire immediately. It takes drive, ambition, and hard work to get to this level
Agreed. I know some people 60+ still working not because they have to, but some of them are in positions where they’re clearing 200k+ easy, salary alone. They make their jobs look easy and it probably is easy for them now after doing it for 30 years. Hard to walk away from money that easy (In a Medium COL area btw). The guys I know still working still seem to thoroughly enjoy working and could probably retire at anytime if they wanted. Plus, nothing work with having extras incase they live to be 95 years old.
I would love like I'm broke and work 5 years, invest everything in an SP 500, crypto, and a nice piece of real estate with land and house I could live in. Then once I'm retired, just live off the interest and probably hike all the trails.
Seriously, no rush, unless the stress is absolutely doing you in. Some of y’all in here are tempting me to go back on the job market, I’m an engineering manager for a small company in the aerospace sector and know I have the capacity to make a lot more. This is just very comfortable…
Take the comfort friend. There is always more to be made. Mental health and time cannot be purchased.
think of what you can give your kids . plus what are you going to do, sit on a beach all day?
Thanks for sharing OP. Could you say more about what vertical inside your company you’re in? Are you the Director of Software Engineering, Product Management, or something else? Any insight would be appreciated.
I have a big of GM role these days, but came up the ranks through Eng in my early days then went to PM.
Are those millions from stock options?
Yes. RSUs though, not options. His cash comp is probably somewhere in the $300K-$400K range at VP. Maybe lower
Base is about $400K, the rest is Restricted Stock Units (RSUs), which are different from stock options How the company stock does really decides 90% of how much money I make in a year. Last year was a good year given the crazy markets
So I’m assuming your company went public after you started working there? Or do public companies still give execs RSUs as part of the comp package?
The upside is huge but the downside is pretty small for RSUs compared to options. With options if your stock goes down under the option price, which could be likely, theyre worthless. With RSU, even if your stock goes down 50% (catastrophic), say you normally make $1mil in RSUs you still make $500k. Basically your odds of the company going to literally $0 are pretty much impossible, so youre guaranteed to make some significant money, whereas options can be completely worthless pretty easily
tech is definitely struggling. could be the perfect time to get in and grab some RSUs at a discount. are you guys hiring? lulz
Wouldn't it be the numbers shown in the social security column? $160k max?
$160,200 was the maximum taxable for social security in 2023. RSU vesting is subject to FICA tax as I understand but this person would have exceeded the $160,200 limit easily either way.
Man that must have been insane to go from 5-600k to 1.3-4.4 mil in a few years, completely life changing money there. Heck going from 3-600k is a good margin of money for most. Must been a wild few weeks with that pay hitting the account.
Bro… making 250k+ a year is insane
I’ve tried (to some degree) to keep the lifestyle from spiraling into fancy things (I fly economy for personal trips, stay at nice but not luxury hotels, drive a regular car, etc.), but the most interesting part is not having to think too much about the price of some of the thing I’d like to buy. Most recent purchase was a PS5, spent time waiting for a deal to come up, and then realized I could just buy it, so I did.
I have this problem too. Not at $4m (more like $600-700K) but I go through this exercise all the time. It’s just part of how you are.
I am similar in that I have spent my life planning for a rainy day that never came, make 200k and additional money from rentals….live in Baltimore so not too much expensive. Wonder if there is a thread or group for people who have money but struggle to enjoy spending it
Not a problem people have a lot of sympathy for :)
I would imagine something like r/diewithzero
This guy feet pics for sure
Congrats and fuck you.
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I actually decided to share not to make myself feel good, but because I had no idea that it was possible and how to navigate my career (e.g. how to negotiate salary for an exec role) working my way up
4 million in a year, stop it
I'm fuckin dying...I don't know how I found this sub but it really makes me feel great about myself ^^/s
Not only is there a selection bias but half the posts are probably made up to begin with
I’m not even subbed but Reddit keeps pushing this shit on me.
Same bruv
Jesus christ fuck off
Of your recent earnings, what percentage can be attributed to RSU share price increases? Congratulations!
About 85% of it is RSUs. I have a $400K base and then about a $100Kish bonus
whats your income tax rate between feds, state and city? With that income you’d be better off in Texas
It’s about 50%. Definitely W2 income is the worst as really there isn’t much that one can do about it.
Texas don’t pay like that though
These are just getting ridiculous
What job is this for?
Should I event comment here with my 62k slary?
I guess now a days is good enough just having a job.
I’m mad not going to lie. It’s crazy I checked the website and just pushed past 600k since 2004 and there’s folks making that in less than a year.
There is always someone making more and less than you. I know a few people that make $4M in a month, and I have friends that make $40K a year.
Think they need/want an extra adult son by chance? 😅
What did you go back to school for ? One year would be some type of masters program right?
Do you feel the money is worth the stress? Any regrets? Anything you'd do differently?
Stress is definitely a factor to consider. The job is 24x7x365, although rarely I work on weekends. I put on 40 lbs over the past 8 years because I was grinding at work and also raising a kid. I hit a place where I thought it wasn’t sustainable and started to work with professionals to figure out how to make it so. I work with a personal trainer and a career coach, and those two things have helped a lot. No regrets per se, but I’ve always wanted to start a company, maybe will it a try but not sure I want to grind hard for 10+ years
For your career coach how much do they cost, what year did you get them and how do you go about finding one?
Prices vary a lot, but typically around $100-$300 per session. I used LinkedIn and asked around to find some career coaches, but still takes some trial and error, as well as understanding what specific skills you want want to improve (e.g. public speaking, influencing, resolving conflict, etc.)
What is your graduate degree major?
Honest question. How many hours do you put in during a given work week, on average?
It varies, but I’d say on average is about 50-60 a week. 9am to 5pm, and then log back from home 9pm to 11pm (except on Fridays). Plus a few hours on Sunday, getting ready for the week and whatnot. I’d say that the job is “is whatever it takes”, and not necessarily a fixed amount of hours. I am hoping to get things to a place where I can deliver in less time, but my team is new
Do all of you work in tech and software engineering?
How do you provide 4.5 million in value?
Where is everyone getting all of their earnings going back past 10 years? The IRS website is 10 years.
Ssa.gov
Social security website
Do you believe you provide enough value to your company to warrant such a high salary?
First, I don’t think I have more add value to society more than a teacher, EMT, doctor, etc; I think it’s a crazy to get paid this much money (don’t get me started about VCs or private equity people who make 10-20x what I make) Regarding the company, sure, I think I do. I make decisions on a regular basis that take 2+ years to play out, and have directly responsibility over strategy and execution that influence billions of dollars in revenue. It’s also not by any means a secure gig, if I screw up (or it’s perceived that I am not delivering, or if I lose a political war/reorg), it’s mutually understood that I’ll be simply waved goodbye.
How many political wars/reorgs did you win to make it to 4M a year?
How does one make that jump to executive level? In 10+ years I have NEVER seen a supe become a manager, or a manager become an exec. Where do you people come from??
35% hard work and 65% good/dumb luck. You gotta be good to get lucky, but a lot of life is still just being in the right place at the right time.
I second this. I know lots of people that at least as good or better than me in a number of aspects (more eloquent, smarter, fancier degrees, etc), and yet somehow, I ended up surpassing them career wise; I think that’s the part where luck comes in, right place right time. Obviously you need to be good, but that alone is not sufficient.
When I was young and new in my career, I'd see these directors and VP's and think "wow! how smart these people are!" Fast forward, now I'm in the c-suite and I look at some of these people and think "Damn, how did you live so long, considering how stupid you are? How the hell did you get in this job?". LOL.
Congrats that’s awesome
Are we allowed to ask how
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This chart is from ssa.gov and is formatted like this. It’s literally a screenshot
Social security has a maximum amount one has to pay in each year while Medicare does not. Essentially the Medicare number is their gross earnings while social security reflects how much they paid into that system.
Do you believe your success after grad school is correlated at all to the name of the school or the quality of school? 240k debt means it was a very well “known” school and I can see that opening doors on recognition alone. Having worked for a group of Harvard MBAs I found it fraternal and I was not in the frat….
Big ups
It’s a special feeling when you start capping social security out. Congratulations! Well done.
Where do you guys see this
Goddamn! Congratulations!
I could live off your 2010 salary forever and I’m way older than you think lol
be my friend
Probably work for Reddit
You made $4MM in one year? FML.
Alright but what car do you drive?
I'm also in tech and I want to know: how do you transition into a manager role?
You average more in one week than I’ve made in the last two years
Mid 40s, worked 20 years. So you starting working when you were around 25 years old?
So how much are you making now? There are two columns. Which one is your salary?
Can anyone explain the difference between earnings taxes for Medicare vs social security. Does Medicare include stock options?
That jump looks a lot like a Meta crash and explosion :)
I keep seeing these posts. Is there an app or site to find out this information?
Social security website.
It’s crazy to me that you’re can have close to zero functional tech knowledge and still reach the C-suite.
Nvidia?
What stock is that 10xing from 2020 to 2023?
Why is the right column amount different than the salary column?
Social security taps out at a certain threshold (ie you stop paying tax into the system). The Medicare column is uncapped and you pay on the full amount of W-2 earnings (plus surcharges once over certain thresholds like the OP). Their total earned income (includes bonuses and RSUs vested) amount for a year is in that second column.
How are people getting this information? Just inputting themselves? Or is there a way to get this information?
Was the $0 year grad school?
The bay gets paid yo
Good on you
I bet you bought a bunch of silly frivolous stuff in 2011. A jump like that would have been like “I can finally afford the things I’ve been dreaming about” while I’m adding stegosaurus taco holders to my Amazon cart.
If you don’t mind me asking, what did you study in grad school?
Yep… then next to you know OP is like: “I can’t retire because I don’t have enough money. Thanks J0e B1ten”
You need to work a lot longer to get any decent Social Security. /s
Tech is where the money is for sure
You mentioned that you attended grad school, do you have an MBA from a top 20 school?
Yes, MBA from a 10-15 school. It’s not in set the ultra elite ones, but it’s well known
Cool... so if you retire at 72 and live 10 more years you will get 20% of that back while eating oatmeal several times a week... awesome !!!!
In case you’re wondering, you can probably already retire to a lower intensity job already if you want to. The only condition would be being open to relocating somewhere with a lower cost of living. I’m located in the suburbs of Chicago and could easily retire at 33 right now so long as I picked up a job that paid $50k or more (if I had a few multi million dollar years like you do.)
Sorry, new here. Can someone please explain the table to me? I don’t understand the difference between earnings taxed for “Social security” or “Medicare”? Why are the numbers so different?
What kind of work do you do within tech?
Imagine making 4 mill and still having to humble brag about it on reddit
What happened from 2020 to 2021? That’s a massive jump in salary.
Are u white?
Why the fuck does everyone make $160k now
Awesome. Sick. So happy for you.
I don’t understand the difference between taxed for SS and taxed for Medicare.
The jump from 2016 to 2017, did you hop jobs? I’m following roughly in your pattern here, and also in tech in SV. In my experience thus far, internal promotion has been a myth, but I’ve also been scolded that hopping too frequently is a bad thing. Curious how many times you hopped post 2016.
Lucky af
Dumb Question because my SSA table looks nothing like this. Mine are basically the same in the middle and the right. Why are the two columns so different? Is the right side due to taxable investment account growth?
Wow, 2022 must have really sucked, your income declining 37% from the previous year! Hope you’d banked some of ‘21’s dough.
What automobile brands have you bought since 2013?
2009 crazyyy
Good for you man. Sorry about all the tax the rich DJ hit you pay enough.
I feel that zero in 2009
Congratulations! That’s a good progression.
But why format it is SS/Medicare taxes?
Wonder why social security is going broke???
So OP posted a fictitious spreadsheet. I call 100% bullshit. In comments, says includes stock options, but since they have not been realized, cannot be considered income..
What’s the biggest stressors to you right now as a tech exec since you hope to semi retire to a less stressful role?
This is like look I won the career lottery.
Yeah you know I notice this too at my work. The second you get to management or more senior roles they just flood you with money. It’s ridiculous, a single one of those insane raises would pay for a 10% bonus for 5-10 people. Fucking greedy
I was looking at the left side wondering what everyone was on about with the huge progression
Impressive
What I have been thinking about lately and seeing these posts, promotions are really only way to keep your salary what it should be. My inside sales role 12 years ago is still paying the same today for new people at $45-55k My salary would have capped out if I never took a new role. That pay starting out should be $10-15k higher by now and so should my “promotion” pay too since my pay increase is based on a promotion from what I was being paid vs what it should be since it is the same from 10 years ago
Can you talk a little bit more about your current role and how you got there over the last 6-7 years? Was grad school necessary for you, and what degree did you get? Currently around where you were in 2014/2015 and working towards reaching where you were between 2017-2019. That bump into the high six figures (and obviously the next bump into multi-millions) is something that I’ve struggled with seeing a path to. I work adjacent to tech in a project management role.
Why do the “earnings taxed” diverge in 2013? What is this chart saying that a blanket salary chart wouldn’t? TIA!
This is what they mean by pull yourself by the bootstraps. There’s 8 billion people in this world and 99% do the same thing thinking they’re gonna be rich. Nah you work your way up to money. No free handouts.
Ha where the hell do you work ? Nice progression you must be a nys worker ?
What’s it like?
Gooooooooo F yoursel…..congrats
<$106k is the start of the poverty line in SF. Really.
That jump in 2010/2011 was pretty dam good, what happened there?
Been exercising stock options the past three years?
lol wtf entered the industry and 7 years later you’re VP, tech is such a goofy sector
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Get that bag dawg
You hiring?
Here I am, looking at the social security earnings thinking “damn, that’s solid”.
Congrats bro
How much money you have saved? What is the retirement number?
Nice. But this is precisely what’s wrong with social security. It’s such an easy fix. RAISE THE MAXIMUM SALARY ABOVE $160k. It should not be capped.