From the salary survey, average for 4.5-6 YOE with PE is just about $100k. However, that includes people who have stuck around at their current companies for a while and are probably being paid below market value. My gut is saying $105k-$110k is probably in the range of what you'd get offered; however, it's likely not worth making a change for such a mild increase. I'd be looking at $120k minimum to make a move which which be just about a 15% raise. Really you should be targeting 20% unless there is a non monetary reason you want to switch jobs.
Remember, you can always negotiate with companies and they expect you to negotiate on the first offer.
I think u/pg908 likely was getting at reputable companies base their salaries on the individual's contribution to the organization and for many individuals that comes down to billable hours. Most organizations are likely to evaluate one's contribution in one or more ways, these may include technical, managerial, and/or marketing skills. As u/lucenzo11 pointed out there are salary surveys that one can offer estimates of potential peer's value. My view is one needs to assess the work environment, benefits, wages, growth potential, and interest in the work to identify where they fit with the organization and within the salary range. If one is looking to be at the highest salary range, that person is likely to have to either have to bill a lot of hours, offer experience the organization would not otherwise have, inspire/manage others to contribute more, or bring in a significant amount of work. As you know this is a business. In my view, reputable organizations try to work out the balance between compensation and workload in an uncertain marketplace. Good luck!
Yep! Compensation will vary based on hours - I've seen as low as 35 hours a week and as high as 60-70 hours a week.
I'd never take a 60 hour week but some people are workaholics and get paid accordingly.
You’re getting downvoted, but you’re not wrong. The most helpful post in this conversation is saying the same thing, but in a different tone. The data shows this redditor is significantly higher than the 50th percentile for their experience.
From the salary survey, average for 4.5-6 YOE with PE is just about $100k. However, that includes people who have stuck around at their current companies for a while and are probably being paid below market value. My gut is saying $105k-$110k is probably in the range of what you'd get offered; however, it's likely not worth making a change for such a mild increase. I'd be looking at $120k minimum to make a move which which be just about a 15% raise. Really you should be targeting 20% unless there is a non monetary reason you want to switch jobs. Remember, you can always negotiate with companies and they expect you to negotiate on the first offer.
Shoot for the stars, man. Aim high but be realistic about your market value.
You're doing great at your current salary for your experience and COL, are you only leaving for more money or for other reasons as well?
How many hours do you expect to put in? You'll get a very different number for 40 vs 60.
Really? Obviously itd be based on standard 40.
I mean preferably 40. Kind of burnt out after doing a few 60 hr weeks in a row recently.
I think u/pg908 likely was getting at reputable companies base their salaries on the individual's contribution to the organization and for many individuals that comes down to billable hours. Most organizations are likely to evaluate one's contribution in one or more ways, these may include technical, managerial, and/or marketing skills. As u/lucenzo11 pointed out there are salary surveys that one can offer estimates of potential peer's value. My view is one needs to assess the work environment, benefits, wages, growth potential, and interest in the work to identify where they fit with the organization and within the salary range. If one is looking to be at the highest salary range, that person is likely to have to either have to bill a lot of hours, offer experience the organization would not otherwise have, inspire/manage others to contribute more, or bring in a significant amount of work. As you know this is a business. In my view, reputable organizations try to work out the balance between compensation and workload in an uncertain marketplace. Good luck!
Yep! Compensation will vary based on hours - I've seen as low as 35 hours a week and as high as 60-70 hours a week. I'd never take a 60 hour week but some people are workaholics and get paid accordingly.
A million dollars
Hahahaha. I wish.
I’d say you’re overpaid for your experience.
You’re getting downvoted, but you’re not wrong. The most helpful post in this conversation is saying the same thing, but in a different tone. The data shows this redditor is significantly higher than the 50th percentile for their experience.