Originally Posted by Gerbs (Post 9066232)

That's a really good point, those who are loyal to their companies or like the stability of staying in one company usually fall victim to being underpaid. Getting 0 - 7% raise a year depending on budgets and performance.

I come from the accounting and finance background and those who are doing really well are the one's who stick it out 1 to 2 years then job hop for a 20 - 40% raise. The moment you hit one year, you keep looking for the next pay jump. People talk about burning bridges and how it looks bad on your resume. I don't agree with this because your coworkers are generally happy you're getting a pay or title bump and recruiters are the ones hunting you for these new roles anyways.

Accounting is a sure way to hit $100K in 10 years, but most do it in 5.

Year 1: Staff Accountant / Junior Accountant - $38 - 42K, in 2022 they bumped salaries to $50 - 55K

Year 2: Raise $45 - 60K

Year 3: Finish CPA designation bump to $60 - 70K

Year 4: Job hop to a senior accountant job $75 - 90K + bonus

Year 5: Raise or laterally hop to another senior accountant / senior analyst / Manager $85 - 110K + bonus

Year 6 - 10: Land manager asap to make $100 - 140K + Bonus (Many retire their career aspirations here if they can find a chill gig working < 20 hours a week, usually government / city)

Years 11 - 15: Land senior manager asap to make $140 - 180K + Bonus

Years 15+: Decide if you wanna slave into director/vp/svp/CFO and $200 - 500K+ or try to make $140 - 180K working < 40 hours a week.

Originally Posted by westopher (Post 9066231)

I’m wondering where the teachers are at 91k after 10 years stat is coming from. My best friend is relatively new to the profession and he speaks quite bleakly about financial growth opportunities.

Originally Posted by Gerbs (Post 9066226)

...But now that I look around, it seems as though everyone is balling.

...

Originally Posted by JDMDreams (Post 9066247)

Originally Posted by KayC (Post 9066250)

Agreed, the oldschool mentality of staying with 1 company and working your way up in general will make you fall behind the market compensation rate.

I've been jumping jobs every 1.5 years within my field and I've been getting 15-20% pay increase every time. Also, with the last 5 companies, I was the one getting recruited so I had leverage in negotiating. I am onto my 9th company.

Originally Posted by KayC (Post 9066250)

I've been jumping jobs every 1.5 years within my field and I've been getting 15-20% pay increase every time. Also, with the last 5 companies, I was the one getting recruited so I had leverage in negotiating. I am onto my 9th company.

Originally Posted by Eff-1 (Post 9066259)

If someone has a track record of not remaining at a single job more than 2 years, I don't bother interviewing.

Originally Posted by underscore (Post 9066255)

What industry are you in? I feel like this only works for some of them.

Originally Posted by 68style (Post 9066257)

I hope you keep getting recruited, jesus, I'd hate to be you filling out one of those websites where you have to write in your start and end date and description of your previous employments.

Don't people get pissy looking at your resume asking why you stay everywhere for so little? It's a big red flag where I come from, someone moves every year or whatever usually means they're a troublemaker... but then I am in the government lol... but onboarding someone is like a $40k cost in manpower/time/training for most businesses so they don't want people being super transient for obvious reasons.

Originally Posted by westopher (Post 9066249)

What free student loans are you referring to?

Originally Posted by supafamous (Post 9066265)

Depends on the line of work - in tech it's not unusual at all to job hop every 18-24 months. If you're in SF or any major tech hub it's practically expected that you job hop as it's the fastest way to get a raise and, in some jobs, you learn as much as you can by the time 24 months passes.

That said, I've interviewed enough people to have an idea when the job hopping is b/c the person sucks (or is a flake) or when it's because they had good opportunities. There's only so many companies in Vancouver that you can job hop to before you run out of options.

Originally Posted by westopher (Post 9066244)

It's also not like people just have a choice to make more. Not everyone can make 100k+
It takes luck, connections, hard work, and certain skills that people might just not have. It's hard to get that combination, or just an absurd amount of any one of those. Not everyone can be the top of the pile or there would be no pile.

Originally Posted by westopher (Post 9066252)

I didn't know they had the potential to make that. Seems like they are better paid than I realized. Not that teachers aren't incredibly valuable, but 90k is not shitty. What's category 4 though? That is actually substantially less.

Originally Posted by supafamous (Post 9066265)

Depends on the line of work - in tech it's not unusual at all to job hop every 18-24 months. If you're in SF or any major tech hub it's practically expected that you job hop as it's the fastest way to get a raise and, in some jobs, you learn as much as you can by the time 24 months passes.

That said, I've interviewed enough people to have an idea when the job hopping is b/c the person sucks (or is a flake) or when it's because they had good opportunities. There's only so many companies in Vancouver that you can job hop to before you run out of options.

Originally Posted by Eff-1 (Post 9066259)

If someone has a track record of not remaining at a single job more than 2 years, I don't bother interviewing.

Originally Posted by 68style (Post 9066274)

Someone wanna make a job discussion thread?

For RE I am wondering, like someone such as myself where your condo is worth twice as much as when you bought it… and your mortgage is not far from being paid off… if you left the country, would you just keep it and rent it out and the troubles that accompany that? Or would you cut and run / invest the money? I feel like it’s a tough call, renting is definitely not risk free either bad renters OR building problems or the much vaunted earthquake we are supposed to have one day. Smartly invested the monthly income probably isn’t that much less than renting.

Let’s not assume, for the sake of argument, that you need to sell it in order to fund living accommodations elsewhere.

Originally Posted by 68style (Post 9066274)

if you left the country, would you just keep it and rent it out and the troubles that accompany that?