Is $400K the new "six figures"?
With the recent pay transparency laws on job postings you can really see how little 100K all-in comp is nowadays. A lot of back office/normal jobs (marketing, IT, HR, sales, etc) in big cities like NY/SF/Chi are paying ~80K base for entry-level folks. They'll hit 100K with bonus and whatnot within a couple of years out of undergrad. I would say about 97.5% of white-collar folks of all ages are making 100K+.
I think $400K is the new barrier to entry to be considered even semi-prestigious. This would filter out low finance (peasants), MBB (peasants), medicine (peasants), big law (peasants) and senators/congressman (peasants). This would only include experienced high financiers (IB/ER/S&T ASO2/3+, PE ASO+, VC Principal+, HF, etc) and careers that are a step below high finance but still pay well (NFL/NBA/NHL/MLB).
Worst account on the site strikes again
OP masturbates to his W-2
hahah its cute you think OP is employed
Another hearty chuckle. Thank you LowCaliberTalent.
Bump
Username checks out for sure, and thanks for the laugh.... but can someone ban this clown already?
Mediocre post till the pro athletes are lumped in. Well done
I don’t get why everyone is mad at this guy. In 1980, making $100k was the same as making $377k today. Every year the term “six figures” means less. Eventually “six figures” will be used to refer to a low income person. That’s just how inflation works
I was just eyeballing the $400K figure but what you said makes sense, in 1980 when the term was coined and got popular, $100K was far more common
I do chuckle when I hear the "6 figures" figure.
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