thought it was interesting to do the math on this.

graduated Dec. 2006

2006 = x
2008 = x1.23
2009 = x1.61 (new job)
2011 = x1.85
2013 = x2.41 (new job)

interesting self analysis:
yr1-x
yr2-x
yr3 1.4x
yr4-1.5x
yr5-3x
yr6-3x+15%
yr7-3x+15%
yr8-3x+15%
yr9-4x
yr10-4x
yr11-4x
yr12-4x
yr13-4x
yr14- i b gone

quote:

---

My promotions have been around 3-5% with annual raises around 3% as a top performer (which is just barely edging out inflation, avg performers receiving 1-2.5% raises)....I know many undergrads starting out at higher salaries than me which is pretty deflating given my experiences.

---

Promotions... or raises?

Promotion is a new job within the same company.

Sounds like you need to do some real research. You are probably way undervalued.

updated

[This message has been edited by AggieChemE09 (edited 7/15/2014 4:07p).]

2012= $67,000
2013= $79,000

MIS
Project Management

2007- Graduated - Making x
2012 - Was approved for another raise (received one every year) which got me a little over 1.4x
2013 - Left said company and now make 2x

[This message has been edited by Jill (edited 7/30/2013 2:42p).]

quote:

---

Promotions... or raises?

Promotion is a new job within the same company.

Sounds like you need to do some real research. You are probably way undervalued.

---

Promotions and raises are both in the same ballpark, a 3-5% bump, which seems shockingly low to me for promotions. Annual raises are max 3-4% if you're a top performer.

But like you said, I feel like I'm extremely undervalued. I'm a design lead with only a 20% increases in salary from when I started; inflation adjusted since 2009, this probably is closer to only 10% higher in real terms.

This is my first job after college, so I don't have many other companies to compare this to. All I can do is compare it to how my peers are doing at the same company, and in that regard I'm doing better. Glassdoor is a good resources, but the salaries for engineers varies wildly from company to company and I'm not sure how out-of-date those salary figures are. They could be a lot lower than the true salaries of today.

I think I need to switch industries (I'm in defense); government sequestration (or the threat thereof) is probably going to place significant downward pressure on compensation increases for years to come.


[This message has been edited by AggiEE (edited 7/30/2013 7:32p).]

Graduated Dec 1999. Was an ID major but took a gamble on a growing restaurant at the time.

2000 - x
2005 - 2x (last year in restaurants)
2006 - 2x industrial sales
2013 - 5.5x

Working for 4 years and only 1.44x where I started on base salary, but I started fairly high. Have good bonus opportunity on top.

BS Meteorology
MS Environmental engineering
Now work for an oil and gas company.

2006: x + overtime
2011: 1.883x + small bonus
Current: 2.67x + bonus = 10% base + stock options = 20% base

quote:

---

Some of these multipliers astound me.

Been working in the same role and with some promotions for nearly 5 years and I'm only at 1.2X

I guess it's time to move on? How did you achieve these kinds of increases?

quote:

---

Base+Bonus
2008: 70k + 36k
2013: 143k + 153k

I'll be one of Obama's evil one percenters for the first time this year.

---

Doing what?

[This message has been edited by AggiEE (edited 7/26/2013 5:34p).]

---

Go to a new company. Seriously, this is how people make money now because most companies offer **** raises. For whatever reason companies will pay out the ass for new employees but won't give raises to loyal employees. Thus, the only effective way to increase your salary is through job hopping every few years. Some companies aren't like this though and actually do give significant raises, but most don't.

This is why my generation is becoming known as the mercenary generation.

How often do you recommend jumping ship? After 2 years?




[This message has been edited by wrinkledink (edited 7/31/2013 4:33p).]

2 years is a good time to look but you can't jump ship every 2 years or your resume takes a hit... and some jumps are sprung on you due to incredible opportunities or massive downsizing where you don't have much of a choice. I am trying to get a 5 year stint on my resume and something always comes up.

You will find that a person can hide their deficiencies for 2 year pretty easy.

Graduated in 1998
BA, History
Work in Automotive Software

1998: x
2003: 2x
2008: 3x
2013: 8x
[This message has been edited by Mookie (edited 7/31/2013 4:21p).]

[This message has been edited by Mookie (edited 7/31/2013 4:23p).]

(worked in youth ministry)
2002: x
2007: 0.93x
(changed careers into programming)
2012: 1.33x
2013: 1.66x

Salary + bonus
2008: $50k + $16k
2013: $94k + $30k-50k

ID major c/o 2008 now sales in O&G equipment industry

[This message has been edited by 07fta07 (edited 7/31/2013 6:51p).]

2009-x
2011-2x
2012-4x*
2013-5.5x*

*denotes self-employment. same industry, working as a consultant.

-------------------
"All tyranny needs to gain a foothold is for people of good conscience to remain silent. " -Thomas Jefferson

Graduated in May 2009 with Finance degree. Currently work as a consultant.

2009-x
2010-1.37x (new job)
2012-1.66x (new job)
2013-2.72x

[This message has been edited by vette (edited 8/3/2013 8:30p).]

December 2011 grad, MMET Degree

2011-x
2012-1.2x
2013-2.6x

[This message has been edited by JOHN2010 (edited 8/6/2013 4:08p).]

In 2004, my first adult job post college I made $34k a year. In 2013 I am earning $69k. No more raises for 2 years. Hoping for no furloughs.

2009 - x
2011 - 1.2x
2013 - 1.6x
2015 - 9x???

Your move HR.

Including bonus, stock grants, etc
0 yr 1X
5 yr 1.7X
10 yr 2.9X
15 yr 7X
20 yr 10X

Engineering Technology - Civil Construction Specialty

84 x
90 1.3 x
95 1.7 x
00 3.8 x
05 3.3 x
10 4.4 x
13 5.6 x

Not nearly as impressive as some of you. I live in a rural area with a very limited job market. Have taken some backward steps occasionally and changed employers, fields, and careers several more times than I would have wished too. Spent two periods of 6 months unemployed.

quote:

---

Promotions and raises are both in the same ballpark, a 3-5% bump, which seems shockingly low to me for promotions. Annual raises are max 3-4% if you're a top performer.

But like you said, I feel like I'm extremely undervalued. I'm a design lead with only a 20% increases in salary from when I started; inflation adjusted since 2009, this probably is closer to only 10% higher in real terms.

This is my first job after college, so I don't have many other companies to compare this to. All I can do is compare it to how my peers are doing at the same company, and in that regard I'm doing better. Glassdoor is a good resources, but the salaries for engineers varies wildly from company to company and I'm not sure how out-of-date those salary figures are. They could be a lot lower than the true salaries of today.

I think I need to switch industries (I'm in defense); government sequestration (or the threat thereof) is probably going to place significant downward pressure on compensation increases for years to come.

[This message has been edited by AggiEE (edited 7/30/2013 7:32p).]

---

Wouldnt happen to be working in ft worth would you? Sounds eerily similar to my current situation.

1998: x
2003: 4x
2008: 8x
2013: 11x
2018: 18x

quote:

---

Wouldnt happen to be working in ft worth would you? Sounds eerily similar to my current situation.

---

Dallas area, not ft. worth.

"Dallas area, not ft. worth."

Gonna assume that means Grand Prairie then.

2007- z - freelance
2008- z/2 part time
2009- z*1.05 full time sales
2010 z*3 sales manager
2011 z relocated took position as foreman
2012 z switched jobs to a corporate enviroment
2013 z*1.2 same corporation started w/ 2012

Had 4 title changes in first year w/ this employer, net 20% gain. Probably won't be that lucky for 2 more years. 2010 was great though.

[This message has been edited by sw@n (edited 8/13/2013 1:15p).]

2012-- x
2012-- 1.033x
2013-- 1.20x
2014-- 1.33x

Finance, Manufacturing

[This message has been edited by Worlds Foremost Ag (edited 8/12/2013 8:49p).]

[This message has been edited by Worlds Foremost Ag (edited 7/29/2014 2:44p).]

1999 x
2001 1.4x
2004 2.3 x
2005 1.9 x
2008 1.9 x
2009 6x
2010 1.25 x
2011 2.5 x
Civil engineer
Each line is a new job, either a promotion or different company

The two reductions were from relocations first from dc to dfw, was way better off in dfw
Second o e from Afghanistan to amarillo. Some may debate which is the worse place to be

[This message has been edited by Tony (edited 8/12/2013 4:47p).]

How about some majors or line of work on the posts?

BS Electrical Engineering, graduated May 2010

2010 - x
2011 - 1.07x
2012 - 1.10x
2013 - 1.14x

These don't include stocks or yearly bonuses. My company does profit sharing every year, which results in ~7.5% of salary on average (solely based on company performance as a whole).

For those of you who get bonuses AND stocks, which do you prefer?

2010- $66k
2013- $87k (1.3x)
2014- ~$100k (1.5x)

Mech Engr in petrochem

[This message has been edited by MEAg09 (edited 8/15/2013 9:42p).]