What was your starting salary (approx.)?

Discussion in 'Business, Careers & Education' started by Connemara, Dec 19, 2010.

  1. O'Higgins

    O'Higgins Well-Known Member

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  2. BossTweed

    BossTweed Senior member

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    This thread seems to be filled with rampant dishonesty. Either SF is filled with bankers or we have some salary inflation going on here.
    In fact, I think it's very likely that styleforum attracts a disproportionate number of people that work in financial services/consulting. Or certainly the demographic that frequents the BCE subforum.
     


  3. antirabbit

    antirabbit Senior member

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    1998 $23K, plus benifits. I thought we were rich....what the hell happened????
    We could actually live on $50K a year!
     


  4. ezlau

    ezlau Senior member

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    ratboycom

    I work with kids who have Autism. I'm going into the mental health field - a line of work that typically is underpaid and overworked, but nonetheless it is what I want to do.


    Good man. Hope you enjoy what you are doing [​IMG]
     


  5. yjeezle

    yjeezle Senior member

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    $52k in 2007, consulting firm.

    out of undergrad?

    ~40K here
     


  6. kuslamb

    kuslamb Senior member

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    $125k - Out of school with BS in Business and Accounting, Masters in Accounting, CPA - Took over a struggling manufacturing company's financial department (everything from day to day accounting to cash management to long term budgeting). Money was good, but shit did they not like me at first. On to better things now after 3 years at the job and a much happier ownership group.
     


  7. Lord-Barrington

    Lord-Barrington Senior member

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    I was pretty happy with my mid-40K + benefits package as a fresh faced 24 yo grad. Turns out I should have been holding out for at LEAST 100K because that appears to be the going rate for new grads.

    Recession? What recession?
     


  8. otc

    otc Senior member

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    I wouldn't be surprised if there is some dishonesty/rounding up here.

    Also I agree that the SF income is definitely above average by age group...think about what brings people here. They come here asking what kind of shoes they should buy for their 3rd year finance internship where they now have to dress up 5 days a week...they come back a year later to ask about which black suit they should buy for their first full time job at a consulting firm, and after being told to get a navy and a charcoal, they end up in DT.

    Finally, I would say that people with low incomes may hold back on posting them while people with higher incomes have more incentive to brag.
     


  9. GreenFrog

    GreenFrog Senior member

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    Still unemployed here but interviewing like crazy..

    If I could start with 50K I'd be extremely pleased.. that being said, I am in the process of interviewing with a firm for position that starts at 60K base + 10K bonus... if I could get this position.. man.. i would faint from being so ecstatic.

    too bad i live in one of the most expensive cities..
     


  10. Lord-Barrington

    Lord-Barrington Senior member

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    I wouldn't be surprised if there is some dishonesty/rounding up here.

    Also I agree that the SF income is definitely above average by age group...think about what brings people here. They come here asking what kind of shoes they should buy for their 3rd year finance internship where they now have to dress up 5 days a week...they come back a year later to ask about which black suit they should buy for their first full time job at a consulting firm, and after being told to get a navy and a charcoal, they end up in DT.

    Finally, I would say that people with low incomes may hold back on posting them while people with higher incomes have more incentive to brag.


    All true. On average the salaries of SF members are no doubt higher than the national average. But some of these starting salaries are absolutely outlandish by any stretch of the imagination.
     


  11. GreenFrog

    GreenFrog Senior member

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    All true. On average the salaries of SF members are no doubt higher than the national average. But some of these starting salaries are absolutely outlandish by any stretch of the imagination.

    I don't know.. I personally know some kids who are in finance who have 85K jobs or 100K jobs. One of them is going to work as a sector specialist for equity research and is easily going to make 100K plus.

    And then there are a lot of kids I know who are going to make around 60-65K at boutique consulting firms.
     


  12. otc

    otc Senior member

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    Not hard to make 100k your first year as an ibanker with bonus...of course it is hard to do that and post on SF all the time [​IMG] Also, hourly wage matters...If I were to work their hours, the overtime pay would put me above 100k no question (but thank god I don't)
     


  13. Dashaansafin

    Dashaansafin Senior member

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    Not hard at all to make above 100K as a starting analyst. 70k+10 sign on then about 45-65k bonus, maybe more.
     


  14. ShaneB

    ShaneB Senior member

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    $125k - Out of school with BS in Business and Accounting, Masters in Accounting, CPA - Took over a struggling manufacturing company's financial department (everything from day to day accounting to cash management to long term budgeting). Money was good, but shit did they not like me at first. On to better things now after 3 years at the job and a much happier ownership group.

    See, I don't understand this. Why would a struggling company hire an unproven graduate at such an extravagant salary? 125k for an accountant... Really doesn't make any sense...

    Fair play if that's actually true, and I'm sure it was an experience!
     


  15. ShaneB

    ShaneB Senior member

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    I don't know.. I personally know some kids who are in finance who have 85K jobs or 100K jobs. One of them is going to work as a sector specialist for equity research and is easily going to make 100K plus.

    And then there are a lot of kids I know who are going to make around 60-65K at boutique consulting firms.


    They're overpaid. Boutique, as in small company, paying 65k for a graduate for a fresh faced 21/22 year old? Unbelievable and to be honest I'm not sure I believe it.
     


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