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#41
06-21-2007, 02:34 PM
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Re: Your Biggest Jumps in Income
4th year resident - 30K (worked out to be about $7 an hour.
1st year private practice 225k - working about 60 hrs a week - group was really short staffed, so was working my ass off....but it sure made my wife happy... MM MD 
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#42
06-21-2007, 02:36 PM
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Re: Your Biggest Jumps in Income
Last Five Years:
year 1 - 100% increase - career switch year 2 - 50% raise year 3 - 30.67% raise year 4 - 40.81% raise year 5 - 41.43% raise Working for a major investment bank - priceless.
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#43
06-21-2007, 02:42 PM
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Re: Your Biggest Jumps in Income
Otnemem, I sell cars. Its not easy but I am very fortunate because I sell Lexus (a great product) and I sell in Beverly Hills. I am new to the business but I'm the top salesman. The only downside is that I work 8-12 hrs a day 6-7 days a week to pull this off. But I'm 24 and have no obligations.
However if you want to sell cars it is not super hard, if you have no experience go walk into a Toyota dealer and get a job and just go from there. Work there for year or 2 and then u can get a job selling luxury cars.
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#45
06-21-2007, 02:51 PM
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Re: Your Biggest Jumps in Income
[ QUOTE ]
Last Five Years: Working for a major investment bank - priceless. [/ QUOTE ] How many more hours are you working after the career switch? How's the quality of life? I'm about to head off to b-school and plan on testing the banking waters afterwards, but I'm coming from IT so I'm not really sure what I'm about to get into.
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#46
06-21-2007, 03:04 PM
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Re: Your Biggest Jumps in Income
OP,
I worked for a year and a half out of school at a consulting firm. I think I was making something like $45k. I quit and starting doing consulting on my own. My first gig was a six month contract for $60/hr, billing 45-50 hours a week.
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#47
06-21-2007, 03:09 PM
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Re: Your Biggest Jumps in Income
[ QUOTE ]
OP, I worked for a year and a half out of school at a consulting firm. I think I was making something like $45k. I quit and starting doing consulting on my own. My first gig was a six month contract for $60/hr, billing 45-50 hours a week. [/ QUOTE ] I need to do this
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#48
06-21-2007, 03:11 PM
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Re: Your Biggest Jumps in Income
[ QUOTE ]
I worked for a year and a half out of school at a consulting firm. I think I was making something like $45k. [/ QUOTE ] in today's money that is well over $1MM
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#49
06-21-2007, 03:31 PM
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Re: Your Biggest Jumps in Income
[ QUOTE ]
Last Five Years: year 1 - 100% increase - career switch year 2 - 50% raise year 3 - 30.67% raise year 4 - 40.81% raise year 5 - 41.43% raise Working for a major investment bank - priceless. [/ QUOTE ] Let's say it was $30,000 to start. year 1 - $60,000 year 2 - $90,000 year 3 - $117,603 year 4 - $165,597 year 5 - $234,204 I call BS
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#50
06-21-2007, 03:33 PM
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Re: Your Biggest Jumps in Income
[ QUOTE ]
[ QUOTE ] Last Five Years: year 1 - 100% increase - career switch year 2 - 50% raise year 3 - 30.67% raise year 4 - 40.81% raise year 5 - 41.43% raise Working for a major investment bank - priceless. [/ QUOTE ] Let's say it was $30,000 to start. year 1 - $60,000 year 2 - $90,000 year 3 - $117,603 year 4 - $165,597 year 5 - $234,204 I call BS [/ QUOTE ] This is easily attainable. My friend started his career as a traffic coordinator making $31k. Now, four years later, he probably makes $125-$150k as an ad salesman. There are a lot of fields more lucrative than ad sales.
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