(Closed) For those of you who make more than $50k per year

posted 7 years ago in Career
Post # 3
Member
4824 posts
Honey bee

We both make more than that and we are in “business” with MBAs in very very large corporations.

I dont care for my job which is a good thing I just got laid off so I will start looking to use my business skills for a company I can stand behind. I would like to work for a smaller company, which would also mean less pay probably but to me itll be worth it

Post # 4
Member
10366 posts
Sugar Beekeeper
  • Wedding: September 2010

I’m a scientist for a multi-national drug company. I develop new antibiotics for drug-resistant bacteria. I work around 35-40 hours per week and do not travel. I have a master’s degree. I make in the high $70’s including my bonus with 2 year’s experience. But, I also live in Boston, where that doesn’t go as far (in grad school, my stipend was $30,000/yr and that barely put food on the table, to give you an idea).

Post # 5
Member
4480 posts
Honey bee
  • Wedding: March 2010 - Calamigos Ranch

I have a liberal arts bachelor’s degree and was making between $33 and 45K in jobs I had before grad school (before the downturn, until 2007). Surprisingly, the most money I made was as an administrative assistant. It wasn’t a particularly high-paying firm, but the benefits were great and that helped me save a lot of the salary that might otherwise have gone to contributing to health insurance premiums and retirement (they gave me 10% of my annual salary as a bonus in a retirement account, so I focused more on short-term savings goals than I otherwise would have).

I could have made more (probably close to $50K at least) if I’d stayed at that firm a few more years and moved up in that field, but I was bored and I felt I needed to make at least $80K to be comfortable, so I went back to school. Unfortunately the economy then crashed and I’m not making my aimed-for salary, plus I have a lot of new student debt (which I never had before). I do make more than $50K (as a lawyer) and I don’t have to travel, but my hours are TERRIBLE. Knowing what I know now, I would have chosen the first option: stay bored, work normal human hours, have a lot more money saved. 🙂

Good luck with whatever you decide to do!

Post # 6
Member
893 posts
Busy bee
  • Wedding: September 2011

I don’t, but my fiance does, so I’ll tell you about his experience.

– started at the company as a part-time intern while in college

– got promoted to a salaried position and worked part-time until he graduated (bachelors in finance), and then began working full-time

-another position opened up above him and he got another promotion and a substantial raise (well into the 50s)

He is the Director of Communications and puts together the company’s monthly magazine, takes pictures at their events (he works for a trade association for the apartment industry), runs all of their social media, and more.

Travel is minimal (although he is going to New York next week for a conference regarding print media – but that was his own idea for education about his specific position).

Work week is 40 hours, with regular 9-5 for the most part, unless he has to work an evening event for the members of the association – which happens maybe 2-3x a month.

Small company (about 15 people on staff), great benefits, great pay.

He’s 25.

Post # 7
Member
1181 posts
Bumble bee
  • Wedding: April 2012

I have a BFA in design and BS in sciences, but I work on a specialized type of graphic design–accessibillity for people with disabilities–so it’s got a bit of coding built in.

Sometimes the hours can be nuts, but they’re flexible. I work from home as a full time telecommuter so that’s nice.

Unfortunately, this question is a bit loaded. Salary is highly dependent on more than just field….things like your location, your particular skill set, your position at your employer (how many other people can do what you do? how replaceable are you?), and even your negotiating power when it comes to your starting salary and yearly raises all make a huge difference on how much you make.

Plus, just because you cross that 50k threshold…you have to factor in other things…like how comprehensive are your benefits, and how much can you still sock away pretax so you arent SLAMMED on taxes. Once you jump into another tax bracket, if you aren’t careful, you can get killed…especially if you don’t own a house yet, or max out your retirment contributions.

If you want to jump into the next salary bracket, I would see what would make you stand out in your field–what is the most unique skill you can add to your job that would make you more in-demand?

Just my .02! 🙂

Post # 8
Member
10366 posts
Sugar Beekeeper
  • Wedding: September 2010

Oh, and my husband is in Healthcare IT – manages digital medical records for a major Boston hospital. He has a bachelors in Computer Engineering, and makes about $110,000/yr. He probably works 35 hours a week. He does have a 24 hr beeper for server problems, but it rarely goes off.

Post # 9
Member
6351 posts
Bee Keeper

Fiance is an engineer for a power company. He holds a class 2 liscense.

Post # 10
Member
7695 posts
Bumble Beekeeper
  • Wedding: August 2010

My husband makes over 50K – he is a grant manager for the American Diabetes Association. This is his 2nd job with the company after a promotion. He does travel a few times a year for their conferences that they have. He only has a Bachelors degree and has been working for his company for almost 3 years.

Also, many of my friends make over 50K and almost all of them are consultants. Thats big in the DC area. I really couldnt tell you exactly what they do. One of them used to work for Booz Allen Hamilton and now she works for the government. I also have a friend that makes over 50K who is an event planner and another who is in public relations. None of these people have anything beyond a Bachelors degree and have only been out of college for 3-4 years.

Post # 11
Member
14660 posts
Honey Beekeeper
  • Wedding: June 2011

It also depends a little on where you live.  I’m in engineering, with a 4 year bs, no one was coming out of school making less than 50k .. normal 40 hour week for the most part for a tech company.  The problem with your avg engineering company is that you start high, and dont really go as high vs business people who start lower 20s/30s, but in 5-10 years, they now make more than I do.  I think i need a new job….

Post # 12
Member
643 posts
Busy bee
  • Wedding: July 2011

I have a 3-year degree (Arts- Geography), Fiance has a 4-year (Science -Human Kinetics).

We both make $50K+ each.

Fiance is a teacher…..enough said….. :p

I work for a university -admissions, event planning & recruitment. I travel, sit at a desk (depending on the week/month) and hours are wonky. Some days I never stop working, some days I’m told to stay home because of those crazy hours (boss is great). I love my job, it’s always changing with the different portfolios I have. That being said, it is a high impact job, high stress, if I screw up….it’s a big deal so it has to be done right every day. But the paycheque makes it worth it for what little education I have and the opportunities it has given me.

Post # 13
Member
10366 posts
Sugar Beekeeper
  • Wedding: September 2010

@rachel_leigh: what region of the country are you in? that has a lot of influence over salary. Boston, DC, and San Fran are 3 of the most ridiculously expensive areas of the country, so we basically HAVE to make more money….and employers scale accordingly. If we were to say, live in rural Alabama, we wouldn’t be pulling in the same kind of income.

Post # 14
Member
2373 posts
Buzzing bee
  • Wedding: July 2008

I’m currently not making 50k per year, but when I graduate I will. I already have a bachelors degree and was making in the high 30’s with that- I went back to school for a nursing degree because my husband is in the military and we move a lot. I needed a career that would travel.

 My husband is a naval officer and makes above 50k. His hours vary greatly- last week he spent over 100 hours at work. Sometimes he’s at work and away from home 7-8 months of the year. Other times he works a 40-50 hour work week. His job comes with such great benefits, it’s worth it. We have health/dental care, great retirement plan, housing allowances, etc.. He also moves up in rank for the first four years automatically so his pay is always increasing. It’s a pretty sweet deal.

 My sister is 23 years old and earns 80k/year- she did not go to college and doesn’t have any training. She’s a car salesperson. She started as an internet manager (basically someone who answers customer emails/basic questions) and parlayed that into a position at the largest chevrolet dealership in Michigan. She works 70-80 hour work weeks.

Post # 15
Member
13096 posts
Honey Beekeeper
  • Wedding: July 2010

Darling Husband and I both make over $50K and we both have bachelors degrees in engineering (him – industrial, me – biomedical).  He’s been working for just over 2 years and I’m at a few months shy of the 2 year mark.

I work in Regulatory Affairs for a large medical device company.  I make submissions for new / changed products to the FDA and other similar agencies.  I work a standard 40 hour week.  I dislike my current job and am currently trying to transfer within the company to a field position that would require traveling around to the hospitals within my city.

Darling Husband works in healthcare consulting and travels most weeks Monday-Thursday.  He works from home on Fridays.  With travelling, he doesn’t always have typical 9-5 hours but doesn’t usually have to put in more than 40-45 hours a week.

ETA: Our degrees are from the university that is #1 and #3/#4 (depending on the year) in our respective fields.

Post # 16
Member
1137 posts
Bumble bee
  • Wedding: September 2011

We are both in the IT field, with just a BS degree, and make over 50k. We just happened to both have a job in college which hired us on full time after we graduated.

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