Considering that the forum consensus now is $100k is not considered rich, what jobs pay more than $200k a year?
Interested to hear from people who earn this and how they got there.
What Jobs Pay $200k a Year?
pollambo on 06/02/2021 - 15:01
Last edited 06/02/2021 - 15:08 by 1 other user
Last edited 06/02/2021 - 15:08 by 1 other user
Comments
Surprised no one has listed something like senior data scientist especially one in a very niche field. Data scientists in finance, tech, biomed start on about 120k with a PhD and will probably cap out around 220k without going into middle management. FAANG data science managers will break into 300 to 400k with stock options.
Its a VERY stressful job as you will always be required to push the boundaries and deliver novel products that generate value for the client but its fun as hell…most days.
are you a data scientist, darkzen15? how do you define the fun part?
Yes I am a data scientist from a math and CS background. The fun part for me is not so much the generation of new machine learning methods but the novel applications of pre-existing methods to real world problems. I personally do not work with a FAANG company as I detest a lot of what they do. I worked in a very niche (but burgeoning) field involving the overlap of data science and criminal science where I create anomaly detection models to find crime events in huge datasets. If thats not fun, I don't know what is.
so do u get paid 400k with stock options? What are hours like?
@Homr: Close enough. 6 figures + immense job satisfaction + guaranteed job security. Wouldn't trade it for the world.
@Homr: 9 to 5 most of the time, some overtime/late nights just due to the industry. Its a very in demand profession which stretches from banks, to logistics to emergency services. The hours change to meet your specific industry.
Great insight.
Agree - also extend that 300-400k FAANG range to pre and post-sales roles, product management and engineering roles.
Would you agree that if you want to FAANG it in Aus, you probably need 5-10 years more experience to the equivalent US/EU employee and can expect to be paid a lot less? This is very much attributed to the low-demand for FAANG jobs in the area and high supply of good folk.
Keen to hear your thoughts.
agree with your comments on FAANG and see my above comments.
Harder to break into here.
Yeh agreed, you get into FAANG in straya for the huge resume booster OR to get seconded to corporate back in the US. The money that FAANG companies make and that they in turn pay their staff (and their lifestyle) is nothing short of bacchanal. Personally, I would never want to work for a FAANG as I think they are a huge corruptive influence using data science for pure profit instead of doing any good. Google (Alphabet) do good things on occasion but you just have to look harder and you will eventually find some string attached.
Been in Oz now 13 yrs and i have finally reached that milestone of $200k. In IT over 20yrs on the business side, dont code thats a good thing trust me!! I could have got to $200k faster if i had of jumped jobs but found that getting solid experience has helped me grow my career especially the past 5-7 yrs and networking within the industry that ppl know who i am now in certain circles, and during Covid when people found out i was looking for work i had more than one offer on the table within a few days. I work hard for my money and want to continue to move up the career ladder but the burn out does become a lot more real. Sitting on calls at 7am and answering emails at 10pm most nights its hard to switch off at the weekend. Dont know about the rest of the ppl here but i think covid has been an opportunity for businesses to see that staff can work longer and harder because there office is the spare bedroom or study.
My goals is to try and break $300k in the next 3-5 yrs and move to Senior mgt, then i will have achieved really everything i want.
wow well done, that's awesome to hear, paulh1977! You said you have calls and emails 7-10pm, what kind of role are you in?
I'm interested in studying IT, what other areas do you think people should focus on instead of coding, when taking an IT course?
Veec scheme
As a migrant I have lived in some countries before.This country seems to reward labour a lot more than the professionals. I understand it might reflect the risk involved in some of those labour intensive jobs such as mining and traffic control. these jobs usually pay very low in Asia and the professionals gets fair share for the years trained. I live in relatively affluent suburb in Sydney's west (i know can't compared with the rich in the east). I would say most of my neighbors are in labour intensive business such as plumber, painter and builders. it's unimaginable for a plumber to afford a multi million dollar house in many part of the world.
I work in Architecture every time when I see the development balance sheets I feel like a joke on the list. The real estate agent gets paid nearly 10 times more than the architects and we have a lot more involvements in the project from the concept to construction, not to mention the years of training required to become an architect.
Yes same with engineers. Tradies and real estate agents can earn more than an engineer with a PhD. Welcome to Australia
But then would you prefer to work as a real estate agent or plumber of an engineer or architect?
Developer -> Senior Developer -> Tech Lead -> Solutions Architect
or Developer -> Senior Developer if you're at the right company
Not a brag post but just some insight to this thread
I hit my milestone $100K at 26yo
I worked very hard and built my profile very quickly after graduating uni. I'm in the construction sector, but not on the tools and also not in upper management.In 4 years I have almost doubled that figure, but it's no longer a milestone.
I am comfortable where I am at and I feel I'm not an expendable employee if my salary is at a reasonable level for my duty of work.
I see many much higher earners get shown the door first when businesses need to go lean. It happens in my industry. I've come across many duds in my field that don't necessarily match their value.My tip is be the best you can be in your line of work. You can aways try harder and deliver better. Be valuable. Not expendable.
Job security is far more important than 6 figures.
I knew of a helpdesk manager who got paid $190k to managing a team of 10 fairies with mixed combinations of princess syndrome.
I gawked at the figure for that job till I sat with him for a week and realised why they compensated him so much, he truly had to deal with grown emo kids
190k for a team of 10 grown emo kids vs 72k for dealing with 60+ hormonal teenagers as a teacher…
Another IT Contractor here, on 200k
- 4 years contracting, this is my 5th contract, have negotiated for 10-20% hourly rate increase each time, before that 8 years permanent, topped out at 100k inc. super
Consulting.
Oh look a survey post ripe for mining for data that I haven't voluntarily given data to.
Senior consulting (salaried) IT role. 9 year career, in cruise mode.
Just short of it in terms of package. But over it including an actualised bonus. Sizeable raise in the next couple months. Promotion this year is expected, too. Too bad shares could be doing better.
Shooting for a big tech job by the end of the year.
Yeah what I'm getting at is OP suggested salary and "rich" go hand in hand. This couldn't be farther from the truth. If you chart the truly rich versus people that are just "getting paid off" you see the rich are in the top percentiles and that salaries of the amount OP suggested, which you get taxed on, do not even come close to putting you in the same category