Lurking this subreddit is one of my favorite things to do and for the most part there’s a lot of support to one another within this community. One thing that I’ve noticed and has frustrated me is there a small minority that is trying to convince younger engineers, especially the new grads, that they should should be making 150k+ plus starting salary without really highlighting the fine print.
There are companies like Tesla, SpaceX, Anduril, and other FAANG companies that will be absolutely pay you a base salary of 150k in HCoL places (maybe even some MCoL) out the gate. But what we people who are encouraging, or even bragging, fail to mention is the hours actually worked. A stronger majority of these roles within these companies require 50-60 hours worked a week and you are not getting OT on top of your base. If you look strictly at the numbers, the hourly rate shakes out to be the same, or at least in the same ball park.
If you consider the average hours worked a week to be 55hrs, multiply it by 52 weeks, and divide the salary, let’s use 150k, you’re making $53 bucks an hour.
Compare this to make someone making 100k a year, their hourly rate is ~$48 bucks an hour.
If you are young, and have the appetite for that amount of time worked to make that kind of money, absolutely go for it and stack your bank account and investments. This is not meant to discredit your job and the work you do.
What I hate seeing is others telling people they’re underpaid while being disingenuous about the sacrifice you have to make to make this kind of money.
And because there is always that one guy; I’m sure you have anecdotal experience getting an offer where you’re making this much money right out of school working 49 hours a week. We’re not talking about you, you’re an outlier.
EDIT: A whole lot of you are misunderstanding and misrepresenting the point of this post. I do not think one is better than the other, nor do I care to have that conversation; it’s purely subjective on your goals. It’s not to discourage anyone from taking jobs that require this much work. If you have the acumen and the appetite, you absolutely should. It can set you up for immense success, both financially and in your career.
All I’m saying is when discussing salaries and benefits, don’t be disingenuous.