Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Curious what carrier/lines?MRB10 said:
Commercial insurance underwriter
Psychology undergrad.
Work less than 40 hours most weeks.
Total comp was north of 200k for the first time last year.
I'm in my mid-30s.
Edit: I've been doing this for 10+ years, know how to do the job well, am constantly a high performer, and have a good reputation in my region. There was no secret sauce other than keep doing the thing well for a long time.
finance degree. i would up in kind of a niche field in operations for a huge corp right out of school, then for the first 10-15 years of my career i job hopped a lot. if i stopped learning, or if i felt i could get a promotion and more money by leaving, i left as soon as possible. sometimes as soon as 18-24 months in. that really accelerated my salary a lot as i was compounding 15-20% increases instead of accepting the 3% i would likely have received if i stayed, and i learned how a lot of different companies do what i do. and i always made sure to leave on excellent terms which paid off tremendously as i have been hired back to a place i left in a higher role several times.hedge said:
What did you do (grad school, career move, job move, new skill, etc...) that pushed you into to that stratosphere of earnings?
500,000ags said:
I think it's just as important to describe the level of work instead of only the actual work. Meaning, in my field (SaaS analytics) someone isn't getting to $200k until they are a Sr. Manager at least, and that's probably all-in. Director is probably $225k base.
My prior field (corporate banking), I would have hit $200k in cash comp at VP (which for financial services is an IC with 7-9 years experience).
aggie_wes said:
Agree with a lot of this. I am in engineering management, but I was aggressive about increasing my earnings early in my career which made a huge difference over 15+ years. I almost doubled my salary my first 4 years out of school by changing departments and always being open to interview and get other offers to judge my worth. When I got stuck at my first company and couldn't move up anymore due to politics, I quickly left for the promotion I was looking for. Did the same thing a few years later to get another promotion, which turned into a director role.
Basically you have to know what you're worth and advocate for yourself because you can't rely on anyone else to do it.
I started at a large midstream company. It was well known that compensation was low or under market until you got to the manager level, but once you got to manager level and above comp got pretty good. I left the midstream company and now work in the midstream group for a very large global E&P company. My experience is that compensation is higher at these companies (especially for positions lower than manger level), but it also comes with a lot less job security as there tends to be layoffs during low price cycles.Brian DeSpain said:
Do both of you work for a larger upstream companies like Chevron, Exxon, etc? I have not seen that kind of salary at the midstream companies I have worked at. That's including roles in scheduling and commercial development. 175k is closer to the salary for 10 years of experience. "Traders" in the midstream sector can hit 200k plus bonus but those are directors from my experience. Just curious what avenues you took and from what sectors?
TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Cromagnum said:TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Who is getting 100% of their salary as a bonus?
TXAGGIES said:Cromagnum said:TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Who is getting 100% of their salary as a bonus?
More than you think. I am not at the top of my business but my bonus is set at 50% of salary with a max of 112.5% of my salary.
Now we don't max out every year but always over the 50% threshold. I'd say 1 out of every 3 years we get close to maxing out.
100% its small when you look at the size of an organization, but I would say, in a large public company, anyone within 2 steps of CEO on the org chart are compensated a lot more on performance than salary. Not saying salary isn't great but you are not get 100,000's more as you go up the ladder rather our bonus opportunity goes up by a large multiple.well_endowed_ag said:TXAGGIES said:Cromagnum said:TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Who is getting 100% of their salary as a bonus?
More than you think. I am not at the top of my business but my bonus is set at 50% of salary with a max of 112.5% of my salary.
Now we don't max out every year but always over the 50% threshold. I'd say 1 out of every 3 years we get close to maxing out.
It happens, but the number of people getting 100% of their base salary as a bonus (or even 50%+) is comparatively microscopic. That is an extraordinary anomaly in the professional world.
TXAGGIES said:100% its small when you look at the size of an organization, but I would say, in a large public company, anyone within 2 steps of CEO on the org chart are compensated a lot more on performance than salary. Not saying salary isn't great but you are not get 100,000's more as you go up the ladder rather our bonus opportunity goes up by a large multiple.well_endowed_ag said:TXAGGIES said:Cromagnum said:TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Who is getting 100% of their salary as a bonus?
More than you think. I am not at the top of my business but my bonus is set at 50% of salary with a max of 112.5% of my salary.
Now we don't max out every year but always over the 50% threshold. I'd say 1 out of every 3 years we get close to maxing out.
It happens, but the number of people getting 100% of their base salary as a bonus (or even 50%+) is comparatively microscopic. That is an extraordinary anomaly in the professional world.
100%, and then they start putting multiples on stock incentives based on the stock price. Example, they award you 250 shares at a price of $500, which vest in 3 years. Now if the stock price goes to $XXX, the 250 shares becomes 2X-5X at the new price. It starts getting silly after a while and I am no where near the top.Astroag said:TXAGGIES said:100% its small when you look at the size of an organization, but I would say, in a large public company, anyone within 2 steps of CEO on the org chart are compensated a lot more on performance than salary. Not saying salary isn't great but you are not get 100,000's more as you go up the ladder rather our bonus opportunity goes up by a large multiple.well_endowed_ag said:TXAGGIES said:Cromagnum said:TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Who is getting 100% of their salary as a bonus?
More than you think. I am not at the top of my business but my bonus is set at 50% of salary with a max of 112.5% of my salary.
Now we don't max out every year but always over the 50% threshold. I'd say 1 out of every 3 years we get close to maxing out.
It happens, but the number of people getting 100% of their base salary as a bonus (or even 50%+) is comparatively microscopic. That is an extraordinary anomaly in the professional world.
And stock incentives
TXAGGIES said:100%, and then they start putting multiples on stock incentives based on the stock price. Example, they award you 250 shares at a price of $500, which vest in 3 years. Now if the stock price goes to $XXX, the 250 shares becomes 2X-5X at the new price. It starts getting silly after a while and I am no where near the top.Astroag said:TXAGGIES said:100% its small when you look at the size of an organization, but I would say, in a large public company, anyone within 2 steps of CEO on the org chart are compensated a lot more on performance than salary. Not saying salary isn't great but you are not get 100,000's more as you go up the ladder rather our bonus opportunity goes up by a large multiple.well_endowed_ag said:TXAGGIES said:Cromagnum said:TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Who is getting 100% of their salary as a bonus?
More than you think. I am not at the top of my business but my bonus is set at 50% of salary with a max of 112.5% of my salary.
Now we don't max out every year but always over the 50% threshold. I'd say 1 out of every 3 years we get close to maxing out.
It happens, but the number of people getting 100% of their base salary as a bonus (or even 50%+) is comparatively microscopic. That is an extraordinary anomaly in the professional world.
And stock incentives
TXAGGIES said:100% its small when you look at the size of an organization, but I would say, in a large public company, anyone within 2 steps of CEO on the org chart are compensated a lot more on performance than salary. Not saying salary isn't great but you are not get 100,000's more as you go up the ladder rather our bonus opportunity goes up by a large multiple.well_endowed_ag said:TXAGGIES said:Cromagnum said:TXAGGIES said:Astroag said:
I think it's also important to clarify the comp package.,,
Base + bonus + stock?
Just base?
Base + bonus?
Someone making $250k in base is probably closer to $500k in total comp
Based on my industry
250 base
15 car allowance
15 401k match
100 annual bonus at target (up to $250k)
150 RSU/SAR/PSU
$530,000
Who is getting 100% of their salary as a bonus?
More than you think. I am not at the top of my business but my bonus is set at 50% of salary with a max of 112.5% of my salary.
Now we don't max out every year but always over the 50% threshold. I'd say 1 out of every 3 years we get close to maxing out.
It happens, but the number of people getting 100% of their base salary as a bonus (or even 50%+) is comparatively microscopic. That is an extraordinary anomaly in the professional world.
As with just about everything in life the answer is "that depends". We all understand what you're saying. Many have giving examples to the contrary.TXAGGIES said:
My comment to start was $200k base is different than making $200k. Seemed clarification on what he/she meant by making $200k. Many making $200k base are 2-3 steps below the CEO.
hedge said:
What did you do (grad school, career move, job move, new skill, etc...) that pushed you into to that stratosphere of earnings?
Long story short I am not happy with what I make and am willing to do just about anything to move into a career that will put me in that level of income.
Id appreciate any tips or constructive criticism
Finance background
MRB10 said:
What type of company do you work for?
