High Earners - What's Your Profession?

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Que1999
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Re: High Earners - What's Your Profession?

Post by Que1999 » Thu Jun 09, 2016 1:50 pm

Cuzz35 wrote:
Que1999 wrote:Police Sergeant for a large metropolitan PD. With overtime doing approximately $160k.

Curious if you live in a HCOL area. My best friend is a captain for a small county (100k residents maybe), head if Swat and always works extra jobs. Probably makes a little more than 1/3 of what you make.
The one and only NYC. So yes, very HCOL area. The plan is to pump the guaranteed 8.25% pension up and max out retirement accounts and retire to a much lower cost of living state to enjoy the golden years. Leave the property here for the kids. Captains+ here are around the $190k-200k mark as of the most recent Contract, dependant upon things like how much night shift differential hours you're working and your longevity.
Last edited by Que1999 on Thu Jun 09, 2016 2:05 pm, edited 1 time in total.

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

Post by Keenobserver » Thu Jun 09, 2016 2:05 pm

If I were younger, would probably do my 60 credits out.of HS and go for NYPD and retire at 40 with a handsome pension.

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

Post by NYGiantsFan » Thu Jun 09, 2016 2:09 pm

Que1999 wrote:
Cuzz35 wrote:
Que1999 wrote:Police Sergeant for a large metropolitan PD. With overtime doing approximately $160k.

Curious if you live in a HCOL area. My best friend is a captain for a small county (100k residents maybe), head if Swat and always works extra jobs. Probably makes a little more than 1/3 of what you make.
The one and only NYC. So yes, very HCOL area. The plan is to pump the guaranteed 8.25% pension up and max out retirement accounts and retire to a much lower cost of living state to enjoy the golden years. Leave the property here for the kids. Captains+ here are around the $190k-200k mark as of the most recent Contract, dependant upon things like how much night shift differential hours you're working and your longevity.
http://www.nydailynews.com/new-york/ave ... -1.2573580

Average Port Authority salary reaches six figures for 2015, while many workers earn a ton in overtime pay

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

Post by lazydavid » Fri Jun 10, 2016 8:02 am

38, IT Manager. Base salary will hit $100k for the first time this year, but there's a 10% bonus and RSUs ($25k last year) that have had me above that point from a total compensation perspective for several years now. Salary, bonus, and RSU vesting will likely be a tad shy of $130k gross for 2016.

Wife is 40, works in payroll tax, makes a bit more than I do.

Jayhawk11
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Re: High Earners - What's Your Profession?

Post by Jayhawk11 » Fri Jun 10, 2016 9:47 am

~125k, GS-14 lawyer. Wife makes 300k+bonus (was 100k) last year in Biglaw.

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

Post by Keenobserver » Fri Jun 10, 2016 9:56 am

Jayhawk11 wrote:~125k, GS-14 lawyer. Wife makes 300k+bonus (was 100k) last year in Biglaw.
I guess shes a keeper. Hold tight.and dont let go.

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

Post by LiketoHike » Fri Jun 10, 2016 8:08 pm

Sales - Medical products.

blinx77
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Re: High Earners - What's Your Profession?

Post by blinx77 » Fri Jun 10, 2016 9:22 pm

$150k plus bonus (maybe another $20k), associate at small law firm. But I live in a HCOL and the wife stays home with the kiddos so money is tight (not horribly tight, but just we need to be more careful than our DINK friends to make sure we are saving tight).

I could leave for biglaw and maybe double my salary but I would rather stay where I am for now -- better working hours (though still definitely north of full time) and better shot at equity partnership. But I suppose only time will tell.

Jayhawk11
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Re: High Earners - What's Your Profession?

Post by Jayhawk11 » Fri Jun 10, 2016 9:46 pm

Keenobserver wrote:
Jayhawk11 wrote:~125k, GS-14 lawyer. Wife makes 300k+bonus (was 100k) last year in Biglaw.
I guess shes a keeper. Hold tight.and dont let go.
Haha - unfortunately that came with a lot of student debt and the need to live in a high COL city. If she makes partner we are in excellent shape, but that is statistically unlikely so odds are that she will be taking some paycut (or staying at approximately the same salary) in the future. But yes - very thankful she is my wife for that reason and many many others.

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

Post by Keenobserver » Sat Jun 11, 2016 10:19 am

blinx77 wrote:$150k plus bonus (maybe another $20k), associate at small law firm. But I live in a HCOL and the wife stays home with the kiddos so money is tight (not horribly tight, but just we need to be more careful than our DINK friends to make sure we are saving tight).

I could leave for biglaw and maybe double my salary but I would rather stay where I am for now -- better working hours (though still definitely north of full time) and better shot at equity partnership. But I suppose only time will tell.
I hear ya. I m grossing $200k with wify at home with the kids and living in HCOL. So that $200k is not as much as it may sound. However, I try to be gratful and relatively comfortable.

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

Post by moneybags » Sat Jun 11, 2016 1:41 pm

Product manager at tech company. Median base salary for this position in my area (SF) is 120K.

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

Post by harvestbook » Fri Mar 31, 2017 1:36 pm

Writer/digital publisher. Income varies but generally between 110-200K, starting in 2011. The Kindle boom has been generous but I don't expect it to last past 2020 or so, which is why I am saving and investing very aggressively.
I'm not smart enough to know, and I can't afford to guess.

Nearly A Moose
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Re: High Earners - What's Your Profession?

Post by Nearly A Moose » Fri Mar 31, 2017 3:10 pm

harvestbook wrote:Writer/digital publisher. Income varies but generally between 110-200K, starting in 2011. The Kindle boom has been generous but I don't expect it to last past 2020 or so, which is why I am saving and investing very aggressively.
Interesting revival to an old thread. I'm not at all in your field but am curious: is the "kindle boom" driving royalties through increased purchases, higher returns through self-publishing, or is there some other way you're monetizing it? Asking only out of curiosity, as I've never really understood how long-form writers make money outside of penning a best-selling thriller.
Pardon typos, I'm probably using my fat thumbs on a tiny phone.

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

Post by Sandtrap » Fri Mar 31, 2017 3:18 pm

You may not find "high earners" here who graduated from welding technical trade school with no more than a dollar, and went on to open a chain of muffler shops and is now worth a least high 7-8 figures yet still goes to work every day to work with the crew, and his family (family business), hands on.
Substitute welder for plumber, electrician, carpenter, other hands on trades,. . . or even the owner of 3000 porto pottis who started from zero and now worth 9 figures in "waste management". Maybe this is called, "organic wealth".
IMHO it is perhaps easier to stay in medical school, etc. and. . . . . stay the course. . . . . :shock:

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

Post by PhysicianOnFIRE » Fri Mar 31, 2017 3:43 pm

Physician (anesthesiologist)

:beer
-PoF

Dottie57
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Re: High Earners - What's Your Profession?

Post by Dottie57 » Fri Mar 31, 2017 4:05 pm

Took me 30 years to break 100k.

Great job to all the youngsters making hay!

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

Post by Cruise » Sat Apr 01, 2017 2:31 am

Redacted

notoriusjt2
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Re: High Earners - What's Your Profession?

Post by notoriusjt2 » Sat Apr 01, 2017 5:25 am

I wouldn't necessarily call myself a high earner, but I consider myself well compensated for living in a LCOL area. I have been with an energy company for 10 years now and started at about $65k as a maintenance guy. I took advantage of their tuition reimbursement program and went back to school and got my electrical engineering degree. Now I take care of all the devices that protect the power grid and make $90k base, $130k with a butt ton of overtime. I am "maxed out" in my position and cannot get promoted unless I get into management. yay

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StevieG72
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Re: High Earners - What's Your Profession?

Post by StevieG72 » Sat Apr 01, 2017 5:29 am

Self employed / small business owner.
Fools think their own way is right, but the wise listen to others.

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

Post by arsenalfan » Sat Apr 01, 2017 12:29 pm

2 MD household - in 2016 private placement investment income eclipsed our W2 earnings for the first time.

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

Post by JeepDaze » Sat Apr 01, 2017 12:59 pm

Director in Big 4 Accounting firm. Been at the same firm for 15+ years.

Malinois000
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Re: High Earners - What's Your Profession?

Post by Malinois000 » Sat Apr 01, 2017 2:21 pm

Executive for an Insurance Company.

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Oak&Elm
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Re: High Earners - What's Your Profession?

Post by Oak&Elm » Sat Apr 01, 2017 8:06 pm

Electrical Contractor

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

Post by johncunningham » Sat Apr 01, 2017 8:11 pm

I do not want to derail this thread, but arsenalfan, so you mind if I ask how long you have been in practice?

zuman00
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Re: High Earners - What's Your Profession?

Post by zuman00 » Sat Apr 01, 2017 8:24 pm

18 wheeler driver for a fortune 500 company. 50 to 55 hours per week....

TylerS7
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Re: High Earners - What's Your Profession?

Post by TylerS7 » Sat Apr 01, 2017 9:46 pm

Two dentists.

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

Post by pjshen » Sat Apr 01, 2017 9:52 pm

Lawyer - started north of $100K in Big Law. DW is a manager PhD in megacorp.

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

Post by VictoriaF » Sat Apr 01, 2017 10:02 pm

High earnings are just one component of wealth building. The other components are controlled spending and the ability to manage one's investments. These three requirements make engineering and computer science optimal professions:

1. Good engineers and computer scientists make competitive salaries.
2. There is no professional or peer pressure to live in an expensive house, drive an expensive car, belong to a country club, and entertain.
3. Engineers and computer scientists have intuitive sense of numbers and understand compounded interest, nominal and real rates, graphs, spreadsheets and other tools of personal money management.

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

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

Post by sleepwell » Sat Apr 01, 2017 10:42 pm

Certified registered nurse anesthetist. Starting salary for new grads in my area of the country is around $120,00 - $130,00, and the pay doesn't tend to increase much except for yearly 'market adjustments'. Of course a person can relocate to a different area which might pay more. Some people take extra call, or moonlight at a plastic surgeon's office or endoscopy practice to make extra money. My hospital system does not give bonuses but this supposedly is a highly-desirable place to be and job openings are not abundant.

I have one child who is a pharmacist and I would have to agree that her starting salary (around $125,00 with a lot of opportunity for OT) is pretty much where she will remain except for cost-of-living adjustments, plus a store bonus if they meet their goals. I have another child who is an engineer and was the fourth person hired in a small start-up. The company now employs over 100 people and my son makes around the same salary as my daughter. He receives a yearly bonus that makes me want to weep with envy and then pat him on the back.

Sleepwell

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

Post by gasdoc » Sun Apr 02, 2017 9:15 am

sleepwell wrote:Certified registered nurse anesthetist. Starting salary for new grads in my area of the country is around $120,00 - $130,00, and the pay doesn't tend to increase much except for yearly 'market adjustments'. Of course a person can relocate to a different area which might pay more. Some people take extra call, or moonlight at a plastic surgeon's office or endoscopy practice to make extra money. My hospital system does not give bonuses but this supposedly is a highly-desirable place to be and job openings are not abundant.

I have one child who is a pharmacist and I would have to agree that her starting salary (around $125,00 with a lot of opportunity for OT) is pretty much where she will remain except for cost-of-living adjustments, plus a store bonus if they meet their goals. I have another child who is an engineer and was the fourth person hired in a small start-up. The company now employs over 100 people and my son makes around the same salary as my daughter. He receives a yearly bonus that makes me want to weep with envy and then pat him on the back.

Sleepwell
We pay $175K/ year, plus call pay, and we are hiring.... :mrgreen: I am joking- I know this is not a job board!

gasdoc

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

Post by MrUnsure » Sun Apr 02, 2017 11:49 am

gasdoc wrote:
sleepwell wrote:Certified registered nurse anesthetist. Starting salary for new grads in my area of the country is around $120,00 - $130,00, and the pay doesn't tend to increase much except for yearly 'market adjustments'. Of course a person can relocate to a different area which might pay more. Some people take extra call, or moonlight at a plastic surgeon's office or endoscopy practice to make extra money. My hospital system does not give bonuses but this supposedly is a highly-desirable place to be and job openings are not abundant.

I have one child who is a pharmacist and I would have to agree that her starting salary (around $125,00 with a lot of opportunity for OT) is pretty much where she will remain except for cost-of-living adjustments, plus a store bonus if they meet their goals. I have another child who is an engineer and was the fourth person hired in a small start-up. The company now employs over 100 people and my son makes around the same salary as my daughter. He receives a yearly bonus that makes me want to weep with envy and then pat him on the back.

Sleepwell
We pay $175K/ year, plus call pay, and we are hiring.... :mrgreen: I am joking- I know this is not a job board!

gasdoc
Funny, same. Our total package with benefits is 250. Basically 90 an hour, guaranteed 40. With 6 weeks off.
CRNA is a great job, if you are inclined. Frequently touted as the best in medicine. It will become oversaturated soon, you see that in some areas, like Florida.

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

Post by SunnySeattle » Sun Apr 02, 2017 3:59 pm

I'm a chemistry professor and spouse is SVP at a Fortune 500 company.

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

Post by jlcnuke » Mon Apr 03, 2017 11:20 am

I'm a senior technical writer in the energy industry. Have to work some OT to break 100K still, but have had enough to do that every year for the past 6 years. I expect that won't change in the near future though I'm hoping my pay rate will be going up in the near future :D.

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

Post by HomerJ » Mon Apr 03, 2017 3:30 pm

VictoriaF wrote:High earnings are just one component of wealth building. The other components are controlled spending and the ability to manage one's investments. These three requirements make engineering and computer science optimal professions:

1. Good engineers and computer scientists make competitive salaries.
2. There is no professional or peer pressure to live in an expensive house, drive an expensive car, belong to a country club, and entertain.
3. Engineers and computer scientists have intuitive sense of numbers and understand compounded interest, nominal and real rates, graphs, spreadsheets and other tools of personal money management.

Victoria
And you don't need to go to an expensive private school. Thermodynamics is Thermodynamics everywhere. Plenty of excellent cheaper public engineering schools. And the profession is merit-based, where being good at what you do is more important than who you know.

Dan3141
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Re: High Earners - What's Your Profession?

Post by Dan3141 » Mon Apr 03, 2017 4:32 pm

High tech exec on engineering/product side, living in SF Bay area. Started at 95k in '99 as engineer. Now low 7 figures for last few years.

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

Post by VictoriaF » Mon Apr 03, 2017 4:39 pm

Dan3141 wrote:Now low 7 figures for last few years.
Income or assets?

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

Dan3141
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Re: High Earners - What's Your Profession?

Post by Dan3141 » Mon Apr 03, 2017 4:47 pm

VictoriaF wrote:
Dan3141 wrote:Now low 7 figures for last few years.
Income or assets?

Victoria
Both. Assets of course higher the income.

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

Post by VictoriaF » Mon Apr 03, 2017 4:55 pm

Dan3141 wrote:
VictoriaF wrote:
Dan3141 wrote:Now low 7 figures for last few years.
Income or assets?

Victoria
Both. Assets of course higher the income.
Excellent. You confirm my claim that engineers rule {laughing with satisfaction}

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

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

Post by mistershankly » Wed Apr 05, 2017 2:43 pm

I'm curious if there are any high earners who switched careers (to an unrelated field as the first career) and achieved high earning in the second career.

RetireSomeday5
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Re: High Earners - What's Your Profession?

Post by RetireSomeday5 » Wed Apr 05, 2017 3:08 pm

Actuary

ysette9
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Re: High Earners - What's Your Profession?

Post by ysette9 » Wed Apr 05, 2017 4:17 pm

Yet another engineering household chiming in here. Both of us have engineering degrees (BS + MS) and 13 years work experience. Our household income is $335K.
Let us go then, you and I, when the evening is spread out against the sky, like a patient etherized upon a table.

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

Post by jlcnuke » Wed Apr 05, 2017 4:58 pm

mistershankly wrote:I'm curious if there are any high earners who switched careers (to an unrelated field as the first career) and achieved high earning in the second career.
Well, you could rightfully say that my "first career" was enlisted military and the pay was not "high" (though some retention bonuses were pretty good). My second career (post Navy) utilizes the skills and education I got in the military but is quite a bit different from operating the engine-room on a submarine and has given me a low 6-figure income since shortly after starting this career.

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

Post by investingdad » Wed Apr 05, 2017 6:10 pm

I'm not sure if I replied to this thread or not...

...but we just did taxes and our gross compensation last year was 265k or so. Low cost of living area and mid 40s.

I'm an engineer and my wife works in finance, she makes more.

Viking Too
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Re: High Earners - What's Your Profession?

Post by Viking Too » Wed Apr 05, 2017 9:44 pm

Pre retirement, I was a CPA and DW was an IT manager. Each of us brought in $100k+

Our post retirement income is only 35% of what it was, but our costs have decreased enough that we have more after tax disposable income. Guess this part of the post belongs in the low earner thread since we choose to draw <$100k/year.

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

Post by TinkerPDX » Wed Apr 05, 2017 10:40 pm

Lawyer in a mid-size firm (middle-market city equivalent to big law).

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

Post by Sleepy... » Sun May 14, 2017 1:32 pm

Currently- unemployed :happy But once I graduate, CRNA. Surprised to see so few Nurse Anesthetists on this board.

Should make 160k when I start. Hoping to strike gold with some of these 250k gigs I have been hearing about.

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

Post by ulvazell » Sun May 14, 2017 1:54 pm

Accountant...

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

Post by jqwCapri » Sun May 14, 2017 3:00 pm

A senior softwear developer (137K) and a contract manager for tech firms with a law degree (160k plus 20k bonus). M/HCOL area.

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

Post by warpork » Mon May 15, 2017 12:16 pm

Mid 40s, Solutions Architecht (Pre-Sales Engineer) for an IT hardware/software company, $250k/yr, LCOLA.

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

Post by Hub » Mon May 15, 2017 12:43 pm

Commercial Loan Officer at a community bank. Its a career that I enjoy a lot, but anything very far north of $100k requires the ability to bring in quality customers that the bank wouldn't have had without you. So that can be stressful.

Wife is an attorney but she stays home with kids for now. Sure would be nice for her to make $100k again someday. :greedy
Last edited by Hub on Mon May 15, 2017 1:00 pm, edited 1 time in total.

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