I started with 30k less than 15 years ago and now it’s probably 10x.
It’s already amazing. Focus:
hard work (smart work is just a buzz work for a young person. You need to be seen working hard and developing your own experience and bank of knowledge, then you will be able to work smarter)
develop the right skills of the future, even at the expenses of a marginally lower salary
-build your network. Over the long run, it is way more important than your Cv
-get some big names on your resume, it always help and help with working through matrix and complex org
be always positive and kind with everyone and never comprise on integrity
while you need to work hard, set boundaries on your health
Hey don’t be ashamed, we don’t start at the same age with the same education and with the same opportunity. Take a glance about my salary historic (a bit above )
I should probably be at 110-120k at my age, but life is what it is
You can see the point where I stopped chasing work and decided to aim for work/life balance and then a few years later when I discovered FIRE and decided to aim for FI.
Out of curiosity, why the jump? Have you been promoted again (or very high perf rating)? Retention refresh grant?
(Otherwise sounds impressive for what I assume is equivalent to L6 at Google, my total comp has mostly been going down over the past 3 years given the grant refreshes/stock market)
No, actually my performance this year might be the worst so far. It’s just decent stock grants in the past years coupled with great market performance. If things stay as they are now, I might break the 700k mark next year before heading down to 500. Don’t think I have another promo in me, it’s also getting extremely hard to gain more influence and scope after some time.
You’re at big G? I guess there’s no hiring going on anymore, right?
Yeah not much hiring, should be able to tell from external job postings (and reading external news, seems like they laid off people from the recruiting org? )
Hi there! I thought about doing this and asking you for some recommendations on how to increase my salary. Here goes my salary progression:
2019 (23 yo): 21.490€
2020: 23.590€ (+9,77%)
2021: 26.460€ (+12,17%), in June 31.500€ (+19,05%) w/ promotion
2022: 33.600€ (+6,67%), in February 130.000 CHF by moving to Zurich
2023: 130.000 CHF, Bonus 6.500 CHF
I moved to Switzerland as part of my FIRE plan, and I was expecting to move on a ~100k salary and to remain that way through 2023. So in the end I am better than I was expecting. However, I also have friends who work in tech companies and I know there’s a lot more money to be made. So I was wondering if tech is the only way, if consulting can also reach those levels of salary, or if you have any other suggestions for me. Here are a few things worth knowing:
I don’t have a technical background but I do work well as a consultant inbetween business and tech
I work in banking and I’m not very interested in moving away from financial services
I’m not expecting major salary increases except with one promotion in the coming years
Fintech companies don’t really pay much better (I guess?), nor do other banks
I realize my friends in tech also work much harder than I do, so in order to accept that additional amount of work, it really needs to be well compensated
Not a progression, but a small update from me. Changed company and moved to a slightly more technical role: Down to 145k/year (from 155 and 135 in the last two jobs)
I will likely take a voluntary pay cut in 2024. I am no longer prioritizing FI because I want to focus on projects that I find much more important than my personal finances. But I plan to optimise my investing/etc. from what I learned from the FIRE community while not optimising for FI.
2018: ~50k (internship, unemployement benefit, fixed-term employment)
2019: ~50k (fixed-term employment, unemployement benefit, trainee lawyer)
2020: ~50k (trainee lawyer, open-ended employment, unemployement benefit)
2021: ~45k (unemployement benefit, trainee lawyer)
2022: ~40k (trainee lawyer, DPO internship)
2023: 99k (Legal Counsel in the public sector)
2024: 103k (Legal Counsel in the public sector)
As working in the public sector, the salary will never increase more than 2% of my maximum class. For 2024, it will be 3% because of the inflation though.
Despite this (could be worse and I’ve already known worse in the past), I’m really happy with my work (got a new project), colleagues and managers. There is a welcoming and trustful atmosphere and I’ve started a new education in order to become a CSI/SSK Tax Expert. Also, I’m very satisfied that my previous CAS (data protection and digital finance law) are useful for my department.
This will probably my last career jump before FI, not sure if I will continue or just do what I like. I might be able to jump up to general management (my boss is retiring in 4y and is lining me up), but hey, let’s see where life goes.
Congrats! That is a massive change within the same industry. Can you share some details about how did that? How did you negotiate at your new job? What changes at your role will happen, like responsibilities, etc.
2023 was eventful. Got fired from my job and found a new one quickly (good job market for civil/environmental engineers right now in the région lémanique at least) I’ll work part time (80%) starting January 1st 2024.
2016: 75K Entry salary - environmental engineer MSc working on road projects - Wallis
2017: 77K Environmental engineer MSc working in hydraulics - Wallis
2018: 90K Public, Gemeinde of 1k to 2k inhabitants, head of a very small infrastructure department - Wallis.
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) 
given the grant refreshes/stock market)
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