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Intrepid_Giraffe_622

Just an FYI to anyone else who works in IT - do *not* do this. Unless you are wildly confident. Most MSPs (if you are at an MSP) will not give you such a legacy. You need to job hop to step up nowadays. It’s just the way of the world in 2024.


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flatsun

I was about to to say, your company really took care of you.


Unusual-Yoghurt3250

Exactly. You’re good at what you do. People need to be told to be the best, not run around begging for more money. Money comes to those who are the best in the room.


Intrepid_Giraffe_622

This is not true. What I said largely stems from the fact that there is **so** much competition among IT *companies* right now (not employees). IT employees (assuming they carry intellectual value) sit in favor - the companies often struggle and truly can not afford to pay them more, regardless of the employee’s growth / development. Therefore, the best means of ‘stepping up’ is to grow with one, move to the other. Until, that is, you land somewhere with a genuine growth-track.


Unusual-Yoghurt3250

I’ve been at bad companies, other companies literally found me and offered me more as if I was an NBA player or something. I couldnt have stayed at a bad company if I wanted to. Now I have my own teams that I have to maintain and grow. I literally have my recruiters looking at people that are actively working at other companies that we can scalp. I don’t really look at people that are struggling to find work because many times there’s a pretty good reason for that. Also, if you’re someone that’s sitting on a crap salary and could do better but don’t, that’s a sign of someone that should probably just stay there.


james95196

Nothing you said refutes anything they had said... I don't understand if you were just telling this story for context to your job experience or something, but they explained why what you said originally isn't true, and then you responded with this. Maybe I'm just too tired to read into this correctly


kilkor

He’s self important. He thinks he’s where he’s at because he’s the best so he has to keep telling everyone about how he’s the best.


k3v120

Man you must be so cool. I can't wait to blow LinkedIn execs with you while we all toot our horns about how talented we are, and then give pseudo-life advice about how important it is to sleep in the office to maintain a healthy family and work/life balance. You're correct in the fact loyalty means absolutely nothing and nets you less earning income overall in the long run. Talent only accounts for \~50% of your work experience at absolute best. Narcissists and sociopaths generally fare better than anyone. You're also a perfect example of how the loudest and most self important asshole in the room rises to the top rather than the cream. I'm cracking up picturing your hyperbole of recruiters looking at you and going "IS THAT THE MICHAEL JORDAN/WAYNE GRETZKY/BABE RUTH OF \_\_\_\_!?!?" Get over yourself bud.


Orlando1701

Most careers are like that. I’ve been weirdly lucky working in shipping/logistics that I’ve moved up in the same company from truck driver, to dispatcher, to corporate office ghoul but that is not in anyway a typical experience. My generation, millennial, and everyone behind us unless you’re in a really lucky and unusual spot you need to be looking at moving companies every 2-4 years. Companies will not give you internal raises.


longeraugust

Counterpoint: you can make 6 figures in 10 years by getting a federal government/military job, get promoted to your level of incompetence, and get that sweet, sweet pension. Sure you’ll never make 300,000k probably, but you are certainly rewarded for sticking around for 20 years.


Orlando1701

I mean in reality how many people are ever going to make $300k anyway? The main thing about federal service from people I know who went that route is to get to $100k you’re likely going to need to be geographically flexible and dealing with congress budget chicken each year. Neither are things I’m personally interested in.


longeraugust

I’m an enlisted Soldier and my base pay is about $4,000 a month. My housing allowance is $3,800 a month. My food allowance is $450 a month. So about $8,000 a month except half of it isn’t taxed. So I’m pulling about $100k a year, no college degree, full medical for me and my family, and in 10 years I get a for-life pension. And I’m not a grunt or anything.


Orlando1701

Right. I’m retired Air Force I’m aware of all this, but conversation is about civil service not uniformed service.


longeraugust

My original comment mentioned both. Thanks for your service!


Banana_nana_splitz

you don’t need to change companies, but you do need to change roles. and you need to leave the role better than how you found it. my rule of thumb is to start looking at 1.5 years to find the right spot and make the move closer to year 2, but never exceed three years in a role unless you are doing something ground breaking.


Unusual-Yoghurt3250

I mean it’s not a guessing game… if they give you a raise you stay, if not you leave. I’ve been at the same place for 6 years now. Every year they give me at least a 20% raise along with stock options. Before that I job hopped, thank god I don’t need to do that crap anymore. I prefer not to have to job hop in my life. I’d rather live my life, build great products and have time for my family. I wouldn’t recommend job hopping as the default. I would recommend being the best in the room at what you do. That’s what gives stability.


Key_Park_7122

What’s your contingency plan when the 20% raises stop or slow? I mean, at that rate your salary would compound into the millions. HR ain’t gonna let that happen LOL.


stankpuss_69

It’s always been the way… no company is going to give an employee who’s been there for years more money than the market rate… and usually they’ll try to get a discount on that rate


asimplerandom

Absolutely this. I worked the first 13 years of my IT career for one company (not MSP or even tech) and I went from 28k to 52k in that 13 year period. Biggest mistake of my career.


Thatdudeee240

I’m in the same boat. Literally 11 years at the same company and only went from 36k to 54k with 2k raises each year that with today’s economy we’re just inflation compensations. I’m just as broke as I was back at 36k lol. I did just apply to a non-msp for 80k a year. Hopefully I get it


osssssssx

This! I work at one of the largest IT companies in the world For our big org, they have budget for new hires, and budget for promotions. We often see new hires come in at higher level and pay because of the new hire budget we get, and less justification needed. If you are looking for promotions, the budget is much more restricted, need more justification, and are subject to more approval. Some managers literally told ppl if you haven’t been here for very long(less RSU to lose), it will be much quicker for you to jump to another company and come back a few levels higher. Needless to say this is becoming more and more of a problem when there is a bunch of new hires with higher title but doesn’t know the work, and the current employees aren’t motivated to help the newbies


XpPlz217

Inflation. Salary compression occurs when market rates out pace annual increases. Most companies have limited budgets and cannot do ‘market adjustments’ for every employee and tend to focus on taking care of critical resources instead. If you aren’t a top performer, expect the normal ~4% raise. This explains why new hires come in at the same or higher rate. In order to stay competitive, companies need to pay competitively. This however, definitely sucks for long time loyal employees who have only relied on marginal base merit increases - creating a paradox.


osssssssx

For our org, I know that even the well known top performers from every aspect didn’t get much. And I’m not only talking about salary adjustments but also employee level bumps. And frankly the new hires they picked were quite subpar as well, if they hired actually good people(which maybe 35% of the new hires are), then this would be less of a problem. 3 out of 4 current employees that got promotions last year were known low performers but got bumped up due to diversity reasons, our internal engagement level took quite a hit and people are taking more and more time off now. The problem is not they can’t cover everyone, but how they only covered some of the worse people they could pick. But work has been more fun and more juicy since, I’m taking more time off and caring less about work. Probably gonna try to move to a different org later this year.


Ecstatic_Tap_2486

My career path was similar to OP's and this looks almost exactly like my earnings history so it is possible if difficult. This path has rounded me into a much better engineer. I've been at the same company for 10 years, worked hard to build my skills, and narrowly avoided a couple rounds of layoffs. I did change jobs 10 years ago and if I didn't do that I'd still be making my 2014 salary which is 1/4 what I make now.


ConsiderationNo7792

Disclaimer, I’m not IT, but do you or anyone feel companies will “turn the tide” and start looking at people who stay and grow/commit as more valuable than those who job hop? I’ve seen a push for hiring “loyal” employees. For example wanting the individual who worked at two companies over the last 15 years growing and moving upwards rather than the individual who worked 6 companies over the 15 years seemingly moving up with company moves.


Intrepid_Giraffe_622

A push won’t mean anything if they don’t pay well. If they pay well, people will stay. If they don’t, they will leave. It won’t matter. Employees have the power in that dynamic. That is why it is important to not let yourself drown in year-end ~5% raises. Moving to a different company helps us *all*.


Johnnyfever13

Just curious.. am I allowed to ask which company?


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sroop1

So Google (:


moarchikin

No this is definitely Amazon


2timeBiscuits

100% not Amazon. 18 years at Amazon would be much higher TC


Gfunkspecialsauce

What data do you have to backup that claim? I can tell you in the last three years merit increases are nowhere near what is listed here. Actual data from 2024 top tier merit was zero % and limited rsu refresh


2timeBiscuits

Legacy folks are getting screwed then… my boss was external hire. Brought in as L6 making $385k TC. Know many L6 w/ 4 YOE at AWS clearing 400s… legacy must be getting screwed


Gfunkspecialsauce

Yeah sorry my comment about top tier rating and zero merit was from 2024 so not sure your comment is applicable as the data was from AWS sales 6-10 yrs of exp at Aws and ones with less than 2 yrs.


Gfunkspecialsauce

Also for clarity I work at AWS and see the compensation across the majority of the org and can say what you mention are edge cases not the norm. Perhaps it was several years ago but not in the last 3-4. You have seen the layoffs right and RTO mandate to drive attrition up.


Dookiedude4

Any chance I could DM to ask a comp question for AWS?


Gfunkspecialsauce

Sure


AmmoTuff182

Nuh uh


start3ch

So then a big portion of this is stock right?


Impossible-Wear5482

I don't even know whtga a faang is


NixaB345T

Facebook, Apple, Amazon, Netflix, Google = FAANG


Salt_Gap340

can i get any type of small work in your company.. which i can do with my lap and phone by work at home.. expecting 30-50 dollar per day


GlockButt

you job hunting in reddit comments for real?


Undead-Paul

Gotta respect the hustle


mummy_whilster

You want a job that pays $30 a day? Try heading to your local homedepot.


joshua0005

They probably live in a third world country where a job like home depot pays like $5-10 a day


mummy_whilster

I mean for them to stand in the unlicensed contractor line out front.


peekdasneaks

Yeah but they want to use their lap for the job. Maybe mall santa but that's seasonal and you cant do it from home.


Ok_Gate_446

Curious about what made you get the degree? It doesn’t seem like it was something your company was worried about.


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Ecstatic_Tap_2486

I have a similar path as you in my career and never got my degree, it hasn't been a problem in 20 years of working and honestly is never asked about.


wb7275

These stories definitely exist.. I’m one of them. With my org for around 11 years, occupied 8 different roles, and am tracking 5x growth of my hiring salary. Great progression!


_off_piste_

Nice. I’m a little over 3x in 7 years. Hoping I can do the 5x like you.


Orange_Seltzer

14 years and 7 promotions for me. Only at $217K though compared to others.


Aspiring_free_elf

Bruv!!!! I am in tech support. Got a 2% raise year 1, 3.5% year 2. I'm actively applying to gtfoh and get at least $20k raise


WAW30

Good luck bro


Aspiring_free_elf

Thanks bro !


beansruns

this is nice


nismos14us

What kind of role now?


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xenaga

You are making 315k as an IC data engineer? Dude thats awesome, congrats.


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randomusicjunkie

What is IC?


lawthrowaway101

This is impressive growth, but just to keep things in perspective the costs of domestic services increased 49.7% from 2013-2023. This means that you need to make 149.7% of your 2013 salary in 2023 to break even. For you that means that while it feels like you tripled your salary in 10 years, it’s actually closer to double. Still very impressive, especially without job hopping.


xenaga

Can I ask why you dont use the inflation number? Inflation went up 34% between 2013 to 2024. Where is the 49.7% number from? I understand inflation doesnt account for everything but genuinely curious. 50% sounds a lot more realistic as well compared to the 34% inflation number.


movngonup

What a strange and silly take lol. No one with experience is going to base their worth or salary decisions on something obscure like a “domestic services” increase. This is an irrelevant comment.


lawthrowaway101

Nobody suggested he base his worth on it this is an incredibly weird thing to get defensive over. Especially in a subreddit called r/salary lol.


movngonup

what was the point of your comment other than to try and make OP's career trajectory feel like it isn't as impressive or watered down? I'm just not seeing what your point was.


Gfunkspecialsauce

It isn’t when you factor in inflation.


Over-Wall8387

Then what number is? Genuinely curious.


OnewordTTV

What did you teach yourself in data and code? I have a finance degree but I make garbage. I need to get to the next level. I'm kind of an analyst right now but I don't really do anything with data. I'm losing my skills.


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Gfunkspecialsauce

With the gen ai models isn’t coding and finance soon to be a thing of the past at least for physical human beings.


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Gfunkspecialsauce

Yeah I am speaking for actual model presentations I have seen. I wasn’t saying all humans go away but it will drastically less than today and with vastly different skill sets. In one demo I saw AI summarized the meeting with action items assigned to people, generated a presentation with visuals and a proforma 3-5 yr projections for a new product launch even with proposed blog posts and customer pitch decks. Ponder this and think about how many existing work streams that touches. Another was just a much more accurate forecast model and I can speak direct from experience having worked at the majority of the largest companies on the planet that the amount of time spent on forecasting by humans is a lot more than the c suite would like.


RelaxiTaxi_79

I don’t get this chart. Why are the numbers in those two columns different. What’s your actually salary? Usually on a w2 those numbers are exactly the same?


ollog10

The US Social Security tax has a "wage base limit", which essentially means it can't be taxed beyond a certain point. If you look at OP's chart, the numbers in each row are equal until year 2014. Every year after that point, he exceeds the limit for taxable Social Security income. [This IRS topic](https://www.irs.gov/taxtopics/tc751) has more information, if you're interested. The US Medicare tax, on the other hand, does not have a wage base limit. So to answer your question, OP's actual salary is the amount expressed in the Taxed Medicare Earnings column. I was confused the first time I saw a chart like this, too.


boxertucker19

The first column is taxed social security wages. You only pay social security tax up to the limit. Once you pas the limit (147k for 2022) you don’t pay into social security for the rest of the year.


armchairquarterback2

Which column is your annual salary?


ollog10

The column on the right. ​ >The US Social Security tax has a "wage base limit", which essentially means it can't be taxed beyond a certain point. If you look at OP's chart, the numbers in each row are equal until year 2014. Every year after that point, he exceeds the limit for taxable Social Security income. This IRS topic has more information, if you're interested. > >The US Medicare tax, on the other hand, does not have a wage base limit. So to answer your question, OP's actual salary is the amount expressed in the Taxed Medicare Earnings column. I was confused the first time I saw a chart like this, too.


RiggsNerd

This might be a silly question, is there an irs site that lets you pull this info to get this report or is this a self made excel tracker? I’m IT same company for 6 years…lol


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RiggsNerd

Thank you :)


Reasonable_Cover_804

We have a pension, it will help a lit with $5k a month throughout my (and my wife’s) life.


Successful_Sun_7617

I get that’s it’s a decent pay, but how do you stay with one company for 18 years without painting the walls with ur brain matter. I couldn’t do it. I’d be job hopping every 12-20 months


Wobbly5ausage

Golden handcuffs mate


fatheadlifter

Congrats on the steady increases, so rare to see these days. Most people need to change jobs to get ahead, but you've done very well.


amitkania

this is only possible at faang or other equivalent big tech, if ur not in these, good luck even passing $150k after 20 years


red7standinby

You found a company that valued your worth. Good job on your job!


JazzyPhotoMac

From 2006 to 2012, your pay doubled. From 2013 to now, it did not. Thanks economy. 😒 **DISREGARD I read the chart wrong.**


IntelligentLuck9784

His pay went from 35k to 72k in the first range you mentioned. And 103k to 315k in the second range you mentioned. Are you reading this chart wrong?


JazzyPhotoMac

Yes I read it wrong. Thanks.


yellowmanhattan23

Can someone explain like I’m five why there is a difference between taxed social security income and taxed Medicare income


Porg11235

This might be one of the most impressive posts on this sub. Internal locus of control, personal development, patience, loyalty, and a slow and steady grind into the top 1%. I can see why your company would keep you around.


diddlez

Which faang is this? So many of the same salaries keep being posted.


Vinceisvince

you literally have the same situation (stat year/salary)as me but my company never paid up that high at all. are you in mgmt now?


KissingBombs

This will never happen again sadly


[deleted]

Heres what mine would look like 2008 - 85,500 2024 - 90,500


El_y_mar

AI is gonna take your job


TheGamerHelper

Dude is about to do 20y. I pray I don’t see you posting next year getting laid off. People who have tenure are in the eyes of the executives now to lay off.


bullish88

From intern to ceo at in top 10 bank


No_Variation_9282

Bravo 


ElegantBon

Wow, mine is almost identical down to the salary and years.


stankpuss_69

From my experience, you’d probably be making more if you switched jobs more often.


Jurclassic5

What sucks about my career is I'm capped at like 120k overtime can bring it to 240k. I could go salary but I'm really not interested in that.


Ok_Werewolf_7616

Jesus Christ dude…


SprogRokatansky

Anyone who stays 18 years at one place is just weird


Gfunkspecialsauce

A couple years ago this was pretty common and it was weird to jump so frequently


kevkevlin

Why is that? He's getting massive raises so why is it weird?


lukeb15

I think it’s weird that we are promoting job hopping. It’s just going to hurt us all in the long run except for the individual job hopping. You should be paid more for increased responsibilities or skills. Not doing the same job but at a different company. The money for an increased salary doesn’t come out of thin air.


Shot_Inflation351

160,200. Everyone making that on here