High Earners - What's Your Profession?

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Hawkeye_Saver
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High Earners - What's Your Profession?

Post by Hawkeye_Saver » Sun Jan 12, 2014 8:23 am

I hope its not too personal of a question, but I'm curious what members earning over 100k do for a living. I would like to break that threshold but it won't happen at my current job. Just looking for a little guidance towards something lucrative that might be up my alley.

livesoft
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Re: High Earners - What's Your Profession?

Post by livesoft » Sun Jan 12, 2014 8:34 am

For half the people on the forum, I can save them the trouble of responding: They are physicians.

I'm a scientist, not a physician.
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investingdad
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Re: High Earners - What's Your Profession?

Post by investingdad » Sun Jan 12, 2014 8:46 am

Just over 100k?

My wife and I each make just barely over that mark and I mean...just BARELY.

I'm an engineer. She's an accountant working in finance. We're both 40.
Last edited by investingdad on Sun Jan 12, 2014 8:46 am, edited 1 time in total.

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Re: High Earners - What's Your Profession?

Post by Call_Me_Op » Sun Jan 12, 2014 8:46 am

In addition to physicians, you will find many engineers and lawyers.
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JamesSFO
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Re: High Earners - What's Your Profession?

Post by JamesSFO » Sun Jan 12, 2014 8:47 am

Lawyer

Professor Emeritus
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Re: High Earners - What's Your Profession?

Post by Professor Emeritus » Sun Jan 12, 2014 8:48 am

I topped 100k as a Professor (2006) DW was a physician Both now retired

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stickman731
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Re: High Earners - What's Your Profession?

Post by stickman731 » Sun Jan 12, 2014 8:50 am

Chemist (BS and MS) - got a good mentor and moved from lab to management about 15 years ago.

newboggler
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Re: High Earners - What's Your Profession?

Post by newboggler » Sun Jan 12, 2014 8:53 am

I am a physical therapist... and I love what I do !
I make well above 100K but probably not as well as physicians ! I do work overtime :shock: !

The good thing about my work is other professionals (nurses, aides, other therapists, HR) at work do not expect a young therapist to drive expensive cars and have expensive clothing; but they do notice what physician/MD drives which german car and who wears nicest suit... etc. :mrgreen:
So no trouble driving boglehead car and maintaining boglehead lifestyle!

Like some wise man said " It's Not How Much You Make - It's How Much You Save " :sharebeer :sharebeer

sscritic
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Re: High Earners - What's Your Profession?

Post by sscritic » Sun Jan 12, 2014 8:55 am

100k doesn't seem high to me. 100k doesn't pay any of the extra taxes that so many around here worry about. You should ask the profession of those paying the Additional Medicare Tax or the 3.8% tax on net investment income, both of which kick in at 250k joint or 200k single (the medicare tax is on compensation). I could be wrong about the details, but I have seen many posts about these two new taxes.

Snapper
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Re: High Earners - What's Your Profession?

Post by Snapper » Sun Jan 12, 2014 8:59 am

Chief Financial Officer.

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InvestorNewb
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Re: High Earners - What's Your Profession?

Post by InvestorNewb » Sun Jan 12, 2014 9:04 am

Internet entrepreneur with periods of volatility.
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)

HomerSector7G
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Re: High Earners - What's Your Profession?

Post by HomerSector7G » Sun Jan 12, 2014 9:19 am

Executive leading analytical work at a F500 company.

Longtimelurker
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Re: High Earners - What's Your Profession?

Post by Longtimelurker » Sun Jan 12, 2014 9:23 am

Sales Director - Big Data Analytics company. Comp is $250k - $500k depending on year.

If you are in corporate america you need to be on the revenue generation side of the business to make big bucks - or a very senior executive. Sales is a wonderful profession.
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The Wizard
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Re: High Earners - What's Your Profession?

Post by The Wizard » Sun Jan 12, 2014 9:27 am

I was an engineer. Salary ranges in my fields got up to $150K or so depending on experience and project responsibilities. But the Boston area is HCOL, so that detracts a bit...
Attempted new signature...

liveeasy
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Re: High Earners - What's Your Profession?

Post by liveeasy » Sun Jan 12, 2014 9:28 am

Nurse Anesthetist $260,000.00

moshe
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Re: High Earners - What's Your Profession?

Post by moshe » Sun Jan 12, 2014 9:36 am

Small business IT Consultant. Take what you know and sell your services. The personal benefits are unmeasurable.

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Steelersfan
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Re: High Earners - What's Your Profession?

Post by Steelersfan » Sun Jan 12, 2014 9:37 am

IT management.

eddiejov55
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Re: High Earners - What's Your Profession?

Post by eddiejov55 » Sun Jan 12, 2014 10:02 am

Buyer / Demand forecaster - Fortune 1000 company in retail sector.

chw
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Re: High Earners - What's Your Profession?

Post by chw » Sun Jan 12, 2014 10:06 am

Sales (mortgage lending
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VictoriaF
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Re: High Earners - What's Your Profession?

Post by VictoriaF » Sun Jan 12, 2014 10:06 am

Engineer.

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Cigarman
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Re: High Earners - What's Your Profession?

Post by Cigarman » Sun Jan 12, 2014 10:07 am

Self employed, Printing Broker. Followed my passion and now enjoying the fruits of my labors.

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zzcooper123
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Re: High Earners - What's Your Profession?

Post by zzcooper123 » Sun Jan 12, 2014 10:11 am

Sorry...another physician

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Re: High Earners - What's Your Profession?

Post by jon-nyc » Sun Jan 12, 2014 10:16 am

Former high earner, now retired. I was variously in investment banking and consulting.

generalzodschicken
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Re: High Earners - What's Your Profession?

Post by generalzodschicken » Sun Jan 12, 2014 10:23 am

Software in the Midwest.

The definition of "high earner" is debatable, of course. Yes, if you make over $100k, you are in the top ~6% of individual income, so in that sense you would be a high earner compared to the 94% that make less than you. Looked at from that vantage point, of course you would be a high earner. But $100k is not the magic number it used to be. What often gets overlooked are things like geography, cost of living, & inflation. Some say that $200k is the new $100k. $100k in NYC is not $100k in Tulsa. So, you can't just ask high earners what they do; you also have to ask where do they do it.

This ties in to recent kerfuffles over some complaining that $300k isn't really that "rich." On the one hand, that is a laughable statement, since if you are richer than 99% of the population, of course you are rich. But it all boils down to peer group. People who make $300k don't compare themselves to people making $30k. They compare themselves to their neighbors who make $300k per month and thus they feel "poor."

pointyhead
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Re: High Earners - What's Your Profession?

Post by pointyhead » Sun Jan 12, 2014 10:26 am

What constitutes a "high earner"? I'm a mid grade military officer making about 120K before taxes, with part time work and spouses income we hit 200k. However, I have never thought of myself as a high earner perhaps that's because we continue to live like a mid grade enlisted person.

goldendad
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Re: High Earners - What's Your Profession?

Post by goldendad » Sun Jan 12, 2014 10:27 am

Airline pilot

khale7
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Re: High Earners - What's Your Profession?

Post by khale7 » Sun Jan 12, 2014 10:28 am

Engineer. Was making 100k in the U.S. Took a job in the middle-east and bumped it up 2.5X! :moneybag

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kramer
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Re: High Earners - What's Your Profession?

Post by kramer » Sun Jan 12, 2014 10:28 am

Software engineer. The opportunities are almost limitless but see below.

I think in software engineering a lot depends on if you have a real talent at what you are doing and also a passion (both required). There is a *lot* of variation in salary. I say the following humbly, and for the benefit of the OP, but I met a *lot* of mediocre software engineers (and also worked with some) who were just not going anywhere or muddling through, at best. On the same engineering team you will find 10x differences in productivity between individuals.

Bacchus01
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Re: High Earners - What's Your Profession?

Post by Bacchus01 » Sun Jan 12, 2014 10:31 am

I think your dollar threshold is too low any more.

But, I'm President of a $500M division of a private megacorp.

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Re: High Earners - What's Your Profession?

Post by KyleAAA » Sun Jan 12, 2014 10:32 am

Software in the southeast plus self-employdish activities

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burt
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Re: High Earners - What's Your Profession?

Post by burt » Sun Jan 12, 2014 10:41 am

generalzodschicken wrote:Software in the Midwest.

The definition of "high earner" is debatable, of course. Yes, if you make over $100k, you are in the top ~6% of individual income, so in that sense you would be a high earner compared to the 94% that make less than you. Looked at from that vantage point, of course you would be a high earner. But $100k is not the magic number it used to be. What often gets overlooked are things like geography, cost of living, & inflation. Some say that $200k is the new $100k. $100k in NYC is not $100k in Tulsa. So, you can't just ask high earners what they do; you also have to ask where do they do it.

This ties in to recent kerfuffles over some complaining that $300k isn't really that "rich." On the one hand, that is a laughable statement, since if you are richer than 99% of the population, of course you are rich. But it all boils down to peer group. People who make $300k don't compare themselves to people making $30k. They compare themselves to their neighbors who make $300k per month and thus they feel "poor."
Engineer at megacorp.

Good point. $100k certainly doesn't feel like a high earner........especially when surrounded by high end German auto's and $1,000,000 homes.

burt

tim1999
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Re: High Earners - What's Your Profession?

Post by tim1999 » Sun Jan 12, 2014 10:42 am

livesoft wrote:For half the people on the forum, I can save them the trouble of responding: They are physicians.
Based on many of the "first timer, portfolio help needed" posts I suspect there are also a lot of people who work in tech/IT/internet in California.

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LarryG
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Re: High Earners - What's Your Profession?

Post by LarryG » Sun Jan 12, 2014 10:48 am

Retired physician. RMD is twice what I earned when working.
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john94549
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Re: High Earners - What's Your Profession?

Post by john94549 » Sun Jan 12, 2014 10:59 am

I'll let my wife know she's a high earner. She'll be pleased.

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LowER
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Re: High Earners - What's Your Profession?

Post by LowER » Sun Jan 12, 2014 11:07 am

.....
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gerrym51
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Re: High Earners - What's Your Profession?

Post by gerrym51 » Sun Jan 12, 2014 11:09 am

Pharmacist-now retired.

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Re: High Earners - What's Your Profession?

Post by tibbitts » Sun Jan 12, 2014 11:15 am

I earn less than $100k currently, but for at least one or two generations, the most common way "ordinary" people (not physicians, etc.) reached approximately $100k in today's dollars (inflation adjusted, of course) was by staying at the same employer for a long time, possibly accomplishing not much besides aging. That might not work for subsequent generations, though. If you're exceptionally talented, or skilled, or lucky, it won't matter where you work or for whom, you'll likely reach $100k. But the primary route for average people may now be closed.

travelnut11
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Re: High Earners - What's Your Profession?

Post by travelnut11 » Sun Jan 12, 2014 11:26 am

Statistical programmer in biotech/pharma industry.
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Rob5TCP
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Re: High Earners - What's Your Profession?

Post by Rob5TCP » Sun Jan 12, 2014 11:28 am

In NY, 100k wouldn't be a high earner. I'm a software consultant (for a specific application).
Most years over 100k.

hicabob
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Re: High Earners - What's Your Profession?

Post by hicabob » Sun Jan 12, 2014 11:30 am

Engineer then biz owner with very specific expertise in a software/electromechanical field - sold out and retired a couple weeks ago. Small business ownership is probably among the hardest jobs out there but can be among the most financially rewarding for the right person.

tibbitts
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Re: High Earners - What's Your Profession?

Post by tibbitts » Sun Jan 12, 2014 11:47 am

It matters that the OP said $100k specifically. I'd have answered completely differently for over $150k, for example.

nocturne
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Re: High Earners - What's Your Profession?

Post by nocturne » Sun Jan 12, 2014 11:50 am

Left BigSoftwareCo as software engineer 6 years ago to go to a small private firm. That move got me a 30% pay hike which took me well over 100k.

I had never been acquainted with any "high earners" before that, except execs 6 levels above me. So moving to a small firm was the best thing for me -it moved the goal posts. I worked alongside the founders and learned a ton. Now I am co-founder of a firm of our own.

marnold1974
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Re: High Earners - What's Your Profession?

Post by marnold1974 » Sun Jan 12, 2014 11:50 am

Architect.

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Hayden
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Re: High Earners - What's Your Profession?

Post by Hayden » Sun Jan 12, 2014 11:53 am

Owner of a small engineering company

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Igglesman
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Re: High Earners - What's Your Profession?

Post by Igglesman » Sun Jan 12, 2014 11:56 am

Marketing Analytics for large Pharma....$150 to $350.

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tylerdurden
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Re: High Earners - What's Your Profession?

Post by tylerdurden » Sun Jan 12, 2014 12:02 pm

I'm a Software Architect.

Also, this thread may be informative: "Young Guys [and Gals] Making Good Money."
http://www.bogleheads.org/forum/viewtop ... 2&t=123541
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Ged
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Re: High Earners - What's Your Profession?

Post by Ged » Sun Jan 12, 2014 12:07 pm

I've been over $100K in two separate careers.

1. Scientist (Applied Chemistry).

2. Software Engineer.

Spirit Rider
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Re: High Earners - What's Your Profession?

Post by Spirit Rider » Sun Jan 12, 2014 12:08 pm

tibbitts wrote:I earn less than $100k currently, but for at least one or two generations, the most common way "ordinary" people (not physicians, etc.) reached approximately $100k in today's dollars (inflation adjusted, of course) was by staying at the same employer for a long time, possibly accomplishing not much besides aging. That might not work for subsequent generations, though. If you're exceptionally talented, or skilled, or lucky, it won't matter where you work or for whom, you'll likely reach $100k. But the primary route for average people may now be closed.
This hasn't been true for at least 20 years. For most companies, you are looking at marginal increases that may or may not exceed the average wage index. There is limited upward mobility and significant merit raises are less than common.

Most of the people I know who have stayed at companies for extended periods of time, are way behind their piers. Those who are the top earners probably changed companies four or five times in the first 15-20 years of their career. At that time you can think about retiring from that company. That is only if it is still in business twenty years later, or there aren't significant layoffs periodically.

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White Coat Investor
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Re: High Earners - What's Your Profession?

Post by White Coat Investor » Sun Jan 12, 2014 12:08 pm

Blogger. ;)

I have a side job too.
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Lee Saage
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Re: High Earners - What's Your Profession?

Post by Lee Saage » Sun Jan 12, 2014 12:11 pm

Full-time civil engineer, part-time pilot.
Most of my money went to fast cars, fast living and good wine. The rest I just wasted.

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