Depends my wife is an Optometrist and it depends on the environment. Relative to their career it can be low pay/low stress (low pay being $100-160k) or high pay/high stress (anywhere from $200-400k)
Agreed. My wife is an optometrist too. You need to own a practice or to be making $300-400k plus. Associates will earn much less. Don’t get me wrong, it’s still great money with great hours - most don’t work 5 days/week, and associates don’t need to take any work home. But also keep in mind that it requires 8 years of school and all the loans that come with it. And usually early-career associates will need to work the Saturday shift if the office has one.
I’ve seen 300-400k achieved by some of her friends who work for private equity but they have over 20 years of experience and negotiated a large bonus structure. They’re also very high volume like 40 patients/day
Wow that’s pretty impressive. Private equity bought the office my wife used to work at and they wanted her to take a $50k pay cut while also working an extra day each week, and no bonus. She noped outta there lol. I know the market also makes a difference. Some of her friends who went to work out in the boonies made a ton of money right out of the gate.
Tough to get good pay as an associate in urban areas, but in rural areas there are places offering 200K+ for a 4 day work week… not too shabby in terms of lifestyle and pay.
As a self employed optometrist in a non urban area, this can certainly be true. Some of my colleagues in group practice settings also do very well, but student loan debt is increasing and starting pay varies heavily based on location.
Sr director working 10-12hrs a week?
If that’s the case that’s a false/inflated title. There is NO CHANCE you can do the job correctly only working minimal hours.
Agreed, the sr director above me easily puts in 60-70+ hours/week. Granted he does take a few 2 week vacations a year but he certainly earns them in my opinion.
Just to clarify, I don’t have to do all of my pto in two week increments. I get 5 weeks each year and in 2 years it will bump up to 6 weeks. I personally try to spread them out around Fridays, Mondays, around holidays etc to try and get as much relaxation throughout the year
Good luck with that. Those incomes represent the top 1%-5% of earners. It's not as simple as doing a 'career' you have to build all of that up and get really lucky. Do something you can actually progress at without hating your life.
It’s like how everyone bum rushed into tech because of all the guys in SF working for FAANG making $200-$300k total comp. The reality is most people will top out in the low-to-mid $100k’s - which isn’t bad at all, but it isn’t the dream they were sold by the luckiest 1%.
The low end is filled to the brim. Still a lot of lack higher up. A lot of people going into IT/tech for money will just be stuck and never turn good so they don't help anyone.
There’s a lot more than 200 of those jobs. Those salaries are based on COL though being NYC or San Fran and are also including total comps like stock options. They may be making $200-300k but are paying substantial amounts in rent. Those jobs do require a commitment though and >40 hours/week. Not exactly the lifestyle I’d want. I’m a software engineer for a large company ( not FANGG ) but have friends who worked at one or in similar locations and made around that much.
I agree on the last sentence, but looking at posts SWE post on retirement and Bogle heads topics there are far more than 200 of them making a crap load of money and they are probably as average in skills as most of us.
I agree with this as many of those people were my classmates. The variable people miss with those high paying jobs are the hours. As a married father of three I'll gladly take my "meager" $175K at 30-40 hrs/week versus their $250K for 60+ hour weeks. Granted, I've always been more of a "work to live rather than live to work" type of person.
It’s not only FAANG that gives out salaries like that and there are much more than 200 of those jobs. It’s not the expectation you should have getting into software and tech, but it’s absolutely not uncommon.
My company is a ticking time bomb that is destined to fail in probably the next 3-4 years. I make 150K salary with 3 years experience. Was making 90K when I started and I am not a software engineer.
All of that to say I don’t think the $200K jobs are rare at all. Every senior dev at my company probably makes that and I’m certain you have never heard of my company.
Not to mention, each of these jobs takes a ton of risk and grinding to get to that point.
Idk anything about airline pilots but:
Dermatologists - you have to get into med school and then match into the right residency programs (which is hard, because a lot of smart people are competing with you to be dermatologists). You make a lot of money *eventually* but also incur a lot of debt.
Lawyer - similar to being a doctor, it’s expensive and you’re deferring income. Passing the bar is hard. The REALLY lucrative opportunities involve selling your soul to work in Big Law, and those opps aren’t really accessible unless you come from a top law school.
Director - WLB is extremely dependent on what company you work for. Breaking into management is not guaranteed. Heavily dependent on your ability to manage relationships with VPs and executives (I.e., kissing ass). Many of the most lucrative industries also have less job security.
I’m pursuing an airline pilot career so I can chime in a bit on the airline pilot…..
Similar to other careers, the barrier to entry for becoming a pilot is very high with risks that can easily end one’s flying career. In order to fly for the airlines, a pilot must maintain a first class medical. A first class medical determines whether the pilot is fit to fly. Any health problem or major concerns? Airline career is over. Many pilots in fact don’t disclose mental health and other health problems to their medical examiners due to the risk of losing their pilot job. This is a controversy that has been going on in the industr
Flight training is extremely expensive and long. In order to become an airline pilot, similar to becoming a doctor, u spend a lot of money and time. Training costs easily goes up to 100k, even in some cases some acquire 200k+ debt. When a pilot acquires all of their ratings and completes flight school, they don’t start flying the big jets, just like a medical student graduate doesn’t become an attending after Med School, most pilots become an instructor after completing flight school to build hours and that takes a while as well, it will feel long given the fact that most instructors barely make any money (20k -70k) Which leads to my next point, the airline industry is very cyclical. It’s a feast or famine industry and airlines will keep on hiring until furloughs( which is a temporary layoff, a pilot keeps their position at the company, but don’t get any pay.)
TL;DR Obtaining financial success in a pilot career ultimately boils down to timing and luck. The pilots making 400k working 2 days a month have gone through the trenches of bankruptcy, mergers, 9/11, 2008 recession, age 60-65, deregulation, etc; to get there. Sure there are some pilots who didn’t go through this, but they are the exception and practically won the pilot career lottery.
You forgot to mention the chance of dying as an instructor/pipeline patrol/banner/other low-time pilot jobs.
I’d bet the number is higher than 50% of the people flying jets know someone who died in a plane crash. I know 2 personally.
They may have billed that but that money goes to the practice, not them. Unless they have an ownership stake in the business the NP only took home $60-75 for that time.
They may have billed that but that money goes to the practice, not them. Unless they have an ownership stake in the business the NP only took home $60-75 for that time.
If you are a good salesman, you can make the big bucks. Especially if you hit the right markets at the right times. I’ve seen some mortgage loan officers hitting 15-40k/month in commissions in the good times(‘19, ‘20, ‘21) but at the moment they would be lucky to be making 5/6k per month due to market conditions and the fact that all of the good LOs are hungry.
Sales is either the easiest 200k you'll ever make, or the hardest 50k you'll ever make
Find the right industry and territory and you'll make boat loads
I'm a nurse. I work less and make more than when I was in tech.
It's a stressful job, especially at bedside, but I love the income: lifestyle ratio. I work 3x12s with the option to pick up overtime if desired. I pick the days I want to work. I'm predicted to make 100k in only my second year with just a tiny bit of OT. Wages are dependent on location and other stuff, but I still think it's decent especially since I have no student loans.
I'm in WA state and our wages are public due to being unionized.
Any readers need to read that last line very closely as it shows you're the exception, not the norm. Here in Indiana you'd be taking home \~$60K, work the shifts you're given, and handle whatever ratio they want to give you. You'll get a raise of around $0.50-1.00/hr every year on average. If you want a day off you need to negotiate with your co-workers. Don't like it? Good luck because every place is the same as the last with the only real variable being culture.
My wife left bedside specifically because it was destroying her life outside of work. She's not alone either. The only thing keeping the hospitals afloat are the new grads that don't know any better than to sign the retention agreement. She has long said though that she would love to be a nurse in a unionized environment where you had the ability to push back against the abuse. Hopefully one day Indiana will catch up with Washington
I’ve debated this move as a tech worker with a bachelors degree already. We have a few accelerated programs around us. But when you look at any thread on any nursing sub or forum from someone considering this, everyone tells them not to do it. It’s hard on the body (esp relevant if you’re older), there’s shitty patients who literally assault you, scheduling can vary (not sure how common being able to pick your days is). What were the deciding factors for you to make the switch?
Real estate.
Buy a few acres of farmland outside a growing metropolis for no money down on a usda loan and wait. Could take a decade or two. Sell when the suburb expands.
Dumbest guy I knew moved to Texas about a decade ago and bought some ranchland outside Dallas. A decade later, he's turned every acre he bought for $1-3k/acre to $300-500k/acre. Basically every acre was worth a year of FT work.
Having family in commercial real estate, I’ve never heard of a wealthy person buying empty land and just sitting on it. I’m fully with you that is a crappy investment for sure.
The way people make money in real estate is by having a net operating income. Having something on the land that produces more cash than expenses, usually a building that’s rented. That way you not only make some money every month, but you also capture the increase in land/property value.
Even if someone was gonna do rural land speculation, they’d be stupid not to try and find some way to rent it or earn some kind of income.
I’ve found that the old adage, ‘if you love what you do, you never work a day in your life,’ to be quite true.
I don’t make as much as some of the occupations listed but I run my own business which allows me to travel the country and attend dozens of music festivals each year (one of my biggest passions). I net in the low 6 figures (tax free) and only work 20 hrs a week on my own schedule. It’s a pretty good lifestyle that I would recommend.
I was sold this, and it’s so untrue for 99% of people. When your hobby becomes a job - you don’t have a hobby anymore, only job. In the end, after years of working you will hate what’s ones was your joyful hobby
Of course it can be. The person you replied to literally told you they’ve achieved that. I know people who’ve achieved it too. Just because you feel wronged doesn’t make other people liars.
for me that was programming and engineering in general, but now I just want to save up enough to do something else. Managers are annoying and stupid, hr is just hr and you have to work on boring projects or with some tech dorks who contribute 100h a day to open source projects and then make everyone else suffer from their superiority complex and if it happens that this person is the CTO - project will fail every single time.
My mom loved knitting made a small business out of it and now she just working with no joy and financial prospects
It's probably more to do with the country he lives in with him saying "low six figures (tax free)". So I'm assuming wherever he is having low six figures has significantly lower tax than high six figures.
At the end of the day you should somewhat enjoy it but mostly tolerate it.
I don’t go to work for fun, I go to get paid.
I can have fun outside of work.
I am a Financial advisor. I am pretty good at it and take my client's well being very personally, which means that there is stress sometimes. I make about 300K and might work 25 hours a week. I am in the office right now and typing on Reddit.
The thing is, I am not sure how much newer technology would affect people coming into the field. My assets under management grow therefore I make more money. But new clients are harder and harder to come by.
Also, my success, if I am being honest, has a lot to do with having been in the right place at the right time.
I work in tech sales and make 400k. Some really excellent reps make a million if they’re selling things like AWS or Azure or Oracle. The hours aren’t bad - 30-35 a week usually, also fully remote and can do it from anywhere.
However, a bad quarter is very stressful. Nonetheless I find it easy for what I make, especially when I consider I make more than some VPs and lawyers I know and I work nowhere near as hard as them.
What software vertical are you in and how are you making that much? How many years of experience do you have?
How rare is it to work 30-35 hours per week making $400k in tech sales? I hear mixed reviews about that industry.
I’m in enterprise, vertical is research (UXR) software. I’d say it’s not rare to make this as an enterprise rep but perhaps more usual is around 300k (I exceed my quota and hence why I make more). I have 9 years in tech, 4 in sales.
I was in CS (customer success) as a CSM originally and then as Head of CS. yes, it helped me land my role.
Prior to CS in tech though, I only had experience as a teacher abroad and as a door to door sales rep.
My job is not very stressful at all when things are going well, but there’s always stressful periods during slumps, which for me are very anxiety inducing. Happens about once every 2 years.
In CS I started at 60k and was up to 140k within 6 mos. (I started too low so it was “right sizing” my pay + a promo which led to the large raise)
At end of tenure in CS I think I was at about 175.
I’ve never been laid off yet, no. I always work for small start ups - less ruthless and more equity.
AI will prob replace lower level sales imminently. Enterprise is another thing though and unlikely to be as quickly replaced due to the complexity and the need for a human touch / relationship. However, this too may be replaced by AI within the next 5-10 years. I hope not, cause I’m not financially prepared to retire yet, but we’ll see what happens. Seems to me most white collar jobs are at risk of eventual replacement by AI.
Work hard and invest in yourself. Do something that you are passionate about. Earnings will come with that. If you get stuck on a ratio it will likely not play out.
I’m in finance, FP&A specifically. Current salary is $190K + 20% bonus + some equity. I’m underpaid for my skill set and actively looking to land something in the $225-250K + 40% range with equity. That would likely be a VP role at a large company or a CFO role at a mid size company.
It’s entirely possible to get there in 12-15 years. What I will say is, results are not typical… a lot of people want to get there, but not a lot of people are good enough at it. If someone was going to enter the career just to chase the paycheck then I would advise against it. You will top out by manager if you’re lucky. Still making a really solid income around $120-140K + bonus, but a far cry from the $400-600K packages that the senior levels can get to.
Not easy to get from manager to director and beyond though. But yeah manager should be around that range you mentioned.
What are your hours and stress levels like? Don't think vp/director will have good hours? Manager more likely
Also what are your thoughts on folks in late 30s or 40s stuck at manager in terms of job security ? Will one be screwed if laid off at that age and level or still be able to secure higher pay at another co
My hours aren’t bad, usually 40-50, but my stress levels can definitely get up there. I’d say I’m at a very demanding company currently, and it’s part of the reason I’m looking to leave. I could easily do 70+ and still be behind, I just wont.
I’d say the job security is fine. There’s always manager jobs available, and experience is good. It’s just important to stay on top of your skills.
i doubt any legacy airlines have pilots that only work 3 days a month and still earn 400k. most of their salary is flight allowance, and if you dont fly, you only base base
Anything is possible if you have imagination; you can create your own realities.
Maybe it’s a hush money. lol. It’s less expensive for us to pay you that amount than for you to talk about how crappy new Boeing is. ^^
Get a high earning job. Usually this requires a fair amount of education.
Marry someone who also has a high earning job.
Live below your means and invest heavily in index funds and real estate.
Do not have kids.
By 45 you will own enough stocks and real estate to live comfortably off the interest/dividends and will never need to work again.
I’m speaking from experience I’m at a legacy airline 27M flying maybe 8-10 days a month and will bring in 225k on Year 2 pay. With year 3 pay being an increase from 177 an hour to 221 an hour. The pay is amazing for the work we do.
Magnificent Seven jobs are great! Mid-100s and up. Sr roles can get total compensation packages ranging from 300k-550k. Equity rewards can exceed that comp range as well, leading you into 1M+. Depending on the environment, can be low-stress and high value work. Great benefits, plenty of PTO and more.
You need some starting capital and know how to do it, but buying a sailboat or a yacht and taking groups of 6 or so on week long vacations is someplace tropical. I know a guy who charges $20k for one group/week.
Are you even sure the guy is pocketing that much? You need down time between trips so you can’t do it 52 weeks per year. Say you do 40 trips thats 800,000k but you’re paying for their food/drinks on these trips most likely, fuel for a boat is insanely expensive (maybe sailboat could cut costs, maintenance, crew members, etc.). Not be mention sailboats and yachts themselves cost a fortune up front. Even a decent used yacht that can comfortably sleep 6+ guests will cost over a million.
I’m a psychiatrist and pulled 700k last year. I vacation every month. I’m in South East Asia. Psych is low stress, great lifestyle and in high demand. One of the best kept secrets hands down.
Yes definitely an outlier, psych is one of the lesser paying fields in medicine so if they’re making 700k, they’re likely working like a dog or cutting corners.
Psych can be very chill. If I work overnight providing coverage for the hospital, I always have a psych resident assistant with me.
There have been some nights we get 1 new patient to see for 12 hours of work. Always during nights, the resident works and I sleep for a good part of the shift when it’s quiet because I’m the attending (6 hours sleep).
Not many jobs you can sleep and make a couple thousand dollars for working 1 shift.
Let’s do a hypothetical. Say I work during the day doing coverage in the ER (shift work), then work night but I get to sleep for 6-7 hours because I have a resident cover me (remember psych can be very chill too). For this in total I would get 5000 dollars. If I only work 1 day a month doing this (24 hour coverage), I can make 60,000 dollars a year (5000 x 12).
Imagine working 1 full day a month, taking the rest off (29 days) to vacation overseas yet making what the average American makes. If I did this twice a month (work 2 days full coverage a month) I would make 120,000 a year. At the end of the day, psych can have good lifestyle:income.
Historically there's really been two typical ways to get into tech:
* If you were a 1990's kid who built your own computers and basically were the "geek of the family".. you'd look for a job doing Helpdesk or phone-support (call-centers).. and spend a year or two doing that until you found a niche you were interested in (networking, web-development, Servers, cybersecurity, etc).. and you'd try to branch off into that niche and start as a Junior and work your way up over time.
or
* You'd specialize first (pick the niche you're interested in) and just focus hardcore on learning that if it's by going to College or doing your own side-projects or self-employment ,. basically some way where you could "show off a portfolio of your work" (websites you built, GitHub repositories, etc)
Either of these 2 options are basically just ways to build up a list of things you can put on your Resume. Because ultimately a future-employer is going to want to be able to see "What does this person bring to the table?"
The big shift that's happening right now in IT (that to some degree does involve AI and algorithms).. is the push towards "automation" (leadership everywhere in IT wants everything to be automated).
I think a lot of people (especially leadership) in IT ,. don't really understand how complex things are and how "Automate everything!" is **NOT** some easy magical fix to all our problems.
Take my job for example,. I do MDM (Mobile Device Management) supporting Apple and Android devices in corporate environments.
* Can we automate some of that ?.. Sure. If someone comes to me and says "Hey, there's this new iOS App we'd like to use on iPads to do safety-checks of City Parks,. can you automatically push-install it to these 50 iPads ?"... Sure,. I can easily do that in about 10 minutes.
* If someone comes to me and says "Hey, I have an iPhone 10 with a physical SIM and I'm migrated to a new iPhone 15 with an eSIM and oh by the way I have a bunch of Photos I need transferred and my Microsoft Authenticator accounts transferred (We don't allow AppleID's, so we can't do iCloud Backups-Restores). and .. and and other questions. You can't really automate that. If you try to "push all that back onto the (non-technical) End User".. that End User is in for a world of pain potentially spaghetti scrambling up their devices.
Regardless of whether you work in Networking or Cybersecurity or Helpdesk or Desktop Support or Application or Database Support ,etc.. some degree of Automation and AI will probably happen,.. but there's a metric s-ton of old antiquated environments out there that are going to need decades of in-person handholding and in-person hands-on fixing to uplift them to a better future state.
A lot of the well-paid jobs in tech are in infrastructure. You don't technically need any education, but work experience is crucial, of course. It can take a number of years to work up to.
As for AI at this time, really only software engineers need to worry.
It depends. There are 2 types of experienced techs. The one knows a lot of depth on a niche and can charge and work accordingly. The other have more responsibilities because of experience and skills and therefor more expectations and therefor works more with less balance.
Sales can make a killing, 100k, 200k, 300k+, while it doesn’t require schools like those other positions, it requires something else that’s just as difficult.
Of course there is a trick to it. Getting a pharmacist diploma is as difficult as getting MD diploma. But after finishing school and opening the pharmacy they hire some cashiers and cashiers are dealing with those lines not the pharmacist. There are of course cases that a pharmacist works in his/her own shop but it is only to earn even more and getting bored doing nothing except joining seminars etc.
Definitely agree with the people saying the right type of sales can be amazing. I work in a very specialized field, the commissions are few and far between relative to someone selling copiers, but they are big and recurring.
If you can get over that initial risk (takes a few years of high risk tolerance), and get really lucky with a couple big deals, your “hourly wage” can skyrocket.
I think actuary is pretty solid here. Once you get your fellowship credential on average making about 200-250 all in, with upward mobility to 400k. I think the higher paying jobs are moderately stressful, but the floor is quite high at the median level.
I mean be really good at management and become a higher level middle manager. A lot of corporate VP or SVP make that much. Actuary at an insurance company is one pathway to that type of role without an MBA
I work usually 40 hours, sometimes more in busier timeframes such as quarter end reporting times especially as a manager. 50 hour week not uncommon, occasional rare 60 hour week max. But normally 40.
CRNA here making 300k per year. WLB is amazing. I work 40 hours per week. If I have an upcoming vacation I want to splurge on, I will work some overtime.
I can tell you this about dermatologists, they don't make that much that you listed. If they are in or near retirement working those hours only, I can imagine at most, if it's their own practice, 150 a year. They also better have more than themselves or there is absolutely no point in having a practice due to the overhead. Especially the malpractice insurance. You want to be a really well-paid doctor? Obviously the plastic surgeon but least obviously, the anesthesiologist in the OR. Everyone else is working on trivial things believe it or not even if it's brain surgery compared to the chemicals you are pumping into the person's body to not only paralyze their muscles so they don't screw with the surgery itself, but maintain proper breathing, proper heart rate and blood pressure, proper sugar, you name it. They're ultimately responsible for the aspect of safety of unconsciousness during any general procedure. Even the guy who gives your wife an epidural during labor cost about $2,000 just for one epidural injection. It's not even an IV drip. Do you want to get the real money? Open up a pain management center where all of the doctors are anesthesiologists because they have to be due to the procedures they do. These procedures prevent patients from becoming narcotic addicts by accident. Carry on.
Yep. That's a very good point. Thanks for the addition. Those who do specialized services such as that versus simply popping pimples and removing warts can get the money they ask for because usually those clinics offer services that are not covered by insurances such as Botox and laser defining procedures because a person with migraine is not going to go to a dermatologist for Botox injections, there are neurologists who specialize in this nowadays due to its high effectiveness. So not dealing with the insurance requires less overhead in terms of employees who only do billing and have to handle the back and forths between insurances as well as not dealing with the overhead of that, they can literally charge whatever they want and get it as a 100% reimbursement versus the pathetic insurance reimbursements insurance companies offer. Another reason why many specialists do not accept Medicare is because of their (lack of) reimbursements being so incredibly low. So if you want to open up a practice that has multiple doctors and accepts all the different insurances, go ahead and remember that on top of your malpractice insurance per doctor, you have to retake boards, you have to split your office into specializations based upon the amount of doctors and what specialization each of them has, and so on.
I think my daughter has it.
"Grade School Teacher" in a HCOL state that pays teachers well. Her 4th year teaching & income is $67k.
Great benefits.
Health insurance, pension, retirement plan w/3% match;
10 paid holidays, 3+ weeks vacation during school year, 5 personal days, 10 weeks off for summer(she takes 2 weeks off, then tutors and works in a day camp earning ~$12k additional).
School district will pay for her Masters (a state requirement). By about year 15 (age- late 30's), she'll be earning ~$100k
Low stress and high pay = Optometrist.
Yeah and just refer out for anything serious or remotely stressful.
Depends my wife is an Optometrist and it depends on the environment. Relative to their career it can be low pay/low stress (low pay being $100-160k) or high pay/high stress (anywhere from $200-400k)
Agreed. My wife is an optometrist too. You need to own a practice or to be making $300-400k plus. Associates will earn much less. Don’t get me wrong, it’s still great money with great hours - most don’t work 5 days/week, and associates don’t need to take any work home. But also keep in mind that it requires 8 years of school and all the loans that come with it. And usually early-career associates will need to work the Saturday shift if the office has one.
I’ve seen 300-400k achieved by some of her friends who work for private equity but they have over 20 years of experience and negotiated a large bonus structure. They’re also very high volume like 40 patients/day
Wow that’s pretty impressive. Private equity bought the office my wife used to work at and they wanted her to take a $50k pay cut while also working an extra day each week, and no bonus. She noped outta there lol. I know the market also makes a difference. Some of her friends who went to work out in the boonies made a ton of money right out of the gate.
If you think $100k is low pay then you have already won at life. Congratulations.
It is if you have to go to school for 8 years and take out $150-200k in loans
Got a nice future since 50% of the world is predicted to have eyesight issues by 2050.
No one saw that coming
I was blindsided, personally.
I see what you did there 😏
Well crap. Too late to make a change now. *sigh* Hindsight is 20/20 after all.
Hindsight is one area they don’t make any money off of!
Tough to get good pay as an associate in urban areas, but in rural areas there are places offering 200K+ for a 4 day work week… not too shabby in terms of lifestyle and pay.
As a self employed optometrist in a non urban area, this can certainly be true. Some of my colleagues in group practice settings also do very well, but student loan debt is increasing and starting pay varies heavily based on location.
Sr director working 10-12hrs a week? If that’s the case that’s a false/inflated title. There is NO CHANCE you can do the job correctly only working minimal hours.
Agreed, the sr director above me easily puts in 60-70+ hours/week. Granted he does take a few 2 week vacations a year but he certainly earns them in my opinion.
Imagine you getting 2 weeks for each year of life
I think he said 3 or 4, 2 week vacations
Just to clarify, I don’t have to do all of my pto in two week increments. I get 5 weeks each year and in 2 years it will bump up to 6 weeks. I personally try to spread them out around Fridays, Mondays, around holidays etc to try and get as much relaxation throughout the year
Probably a redditor trolling “I make 1.5m and only have to get out of bed 1 hour a week the rest of the time I am sleeping”
You do know that not every industry, company, and specific job is the same - correct?
The Sr Director might have meant only 10-12 hours of work outside of meetings.
Yea they're in meetings for 8 hours a day
Yeah. I see my sr dir’s calendar and that’s gonna be a big nope from me
Maybe the misunderstood and said how much sleep they get every week?
Good luck with that. Those incomes represent the top 1%-5% of earners. It's not as simple as doing a 'career' you have to build all of that up and get really lucky. Do something you can actually progress at without hating your life.
It’s like how everyone bum rushed into tech because of all the guys in SF working for FAANG making $200-$300k total comp. The reality is most people will top out in the low-to-mid $100k’s - which isn’t bad at all, but it isn’t the dream they were sold by the luckiest 1%.
Supply and demand. Comp sci is getting saturated from what I hear
The low end is filled to the brim. Still a lot of lack higher up. A lot of people going into IT/tech for money will just be stuck and never turn good so they don't help anyone.
There’s a lot more than 200 of those jobs. Those salaries are based on COL though being NYC or San Fran and are also including total comps like stock options. They may be making $200-300k but are paying substantial amounts in rent. Those jobs do require a commitment though and >40 hours/week. Not exactly the lifestyle I’d want. I’m a software engineer for a large company ( not FANGG ) but have friends who worked at one or in similar locations and made around that much.
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I agree on the last sentence, but looking at posts SWE post on retirement and Bogle heads topics there are far more than 200 of them making a crap load of money and they are probably as average in skills as most of us.
I agree with this as many of those people were my classmates. The variable people miss with those high paying jobs are the hours. As a married father of three I'll gladly take my "meager" $175K at 30-40 hrs/week versus their $250K for 60+ hour weeks. Granted, I've always been more of a "work to live rather than live to work" type of person.
It’s not only FAANG that gives out salaries like that and there are much more than 200 of those jobs. It’s not the expectation you should have getting into software and tech, but it’s absolutely not uncommon.
My company is a ticking time bomb that is destined to fail in probably the next 3-4 years. I make 150K salary with 3 years experience. Was making 90K when I started and I am not a software engineer. All of that to say I don’t think the $200K jobs are rare at all. Every senior dev at my company probably makes that and I’m certain you have never heard of my company.
Not to mention, each of these jobs takes a ton of risk and grinding to get to that point. Idk anything about airline pilots but: Dermatologists - you have to get into med school and then match into the right residency programs (which is hard, because a lot of smart people are competing with you to be dermatologists). You make a lot of money *eventually* but also incur a lot of debt. Lawyer - similar to being a doctor, it’s expensive and you’re deferring income. Passing the bar is hard. The REALLY lucrative opportunities involve selling your soul to work in Big Law, and those opps aren’t really accessible unless you come from a top law school. Director - WLB is extremely dependent on what company you work for. Breaking into management is not guaranteed. Heavily dependent on your ability to manage relationships with VPs and executives (I.e., kissing ass). Many of the most lucrative industries also have less job security.
I’m pursuing an airline pilot career so I can chime in a bit on the airline pilot….. Similar to other careers, the barrier to entry for becoming a pilot is very high with risks that can easily end one’s flying career. In order to fly for the airlines, a pilot must maintain a first class medical. A first class medical determines whether the pilot is fit to fly. Any health problem or major concerns? Airline career is over. Many pilots in fact don’t disclose mental health and other health problems to their medical examiners due to the risk of losing their pilot job. This is a controversy that has been going on in the industr Flight training is extremely expensive and long. In order to become an airline pilot, similar to becoming a doctor, u spend a lot of money and time. Training costs easily goes up to 100k, even in some cases some acquire 200k+ debt. When a pilot acquires all of their ratings and completes flight school, they don’t start flying the big jets, just like a medical student graduate doesn’t become an attending after Med School, most pilots become an instructor after completing flight school to build hours and that takes a while as well, it will feel long given the fact that most instructors barely make any money (20k -70k) Which leads to my next point, the airline industry is very cyclical. It’s a feast or famine industry and airlines will keep on hiring until furloughs( which is a temporary layoff, a pilot keeps their position at the company, but don’t get any pay.) TL;DR Obtaining financial success in a pilot career ultimately boils down to timing and luck. The pilots making 400k working 2 days a month have gone through the trenches of bankruptcy, mergers, 9/11, 2008 recession, age 60-65, deregulation, etc; to get there. Sure there are some pilots who didn’t go through this, but they are the exception and practically won the pilot career lottery.
You forgot to mention the chance of dying as an instructor/pipeline patrol/banner/other low-time pilot jobs. I’d bet the number is higher than 50% of the people flying jets know someone who died in a plane crash. I know 2 personally.
Lawyer you can be making 50k out of school or be lucky to land a 500k a year job but the 50k jobs are more plentiful than the 500k jobs
Yep. Plenty of public defenders starting out making shit pay
You don't need to be a dermatologist, a nurse practitioner at a dermatologist billed $600 for 30 minutes and don't accept any insurance.
They may have billed that but that money goes to the practice, not them. Unless they have an ownership stake in the business the NP only took home $60-75 for that time.
They may have billed that but that money goes to the practice, not them. Unless they have an ownership stake in the business the NP only took home $60-75 for that time.
The biggest earners I’ve seen are engineers turned sales people. If you know it enough to sell it, the commission can be really good.
This is my uncle - makes about 400k/year
Yep. I’ve seen guys making up to 1M on good years for a small company. There’s some travel involved but the actual workload is not that much.
Bonus if you can sell something you’re interested in and passionate about. It’s hard to fake that imo
What field(s) of engineering specifically?
What I’ve seen is a specific product for aerospace industry mostly. I’d say if there is a product to sell, it doesn’t really matter.
If you are a good salesman, you can make the big bucks. Especially if you hit the right markets at the right times. I’ve seen some mortgage loan officers hitting 15-40k/month in commissions in the good times(‘19, ‘20, ‘21) but at the moment they would be lucky to be making 5/6k per month due to market conditions and the fact that all of the good LOs are hungry.
Sales is either the easiest 200k you'll ever make, or the hardest 50k you'll ever make Find the right industry and territory and you'll make boat loads
Agreed
Well said.
If you want to feel your soul physically exit your body, go into sales
Sales definitely isn’t for everyone. The people you see bashing sales are the ones it’s not for.
It's not for me but the hours/flexibility can be good with sales, depending on the industry
Also true
That’s killer money and it’s the nature of that business.
“What is a career that requires no education, no effort, allows me to live an Instagram lifestyle and has no stress?”
and Dental!
I hear lying does good things
Mega church pastor?
That is a genius response to my sarcastic comment!
Why thank you lol 😊
I know dermatologists making 550k per year working 4 days per week.
*enrolls in med school*
That's like the most competitive residency to get into for exactly this reason. Yes, a surgeon makes bank but the hours are really tough.
I'm a nurse. I work less and make more than when I was in tech. It's a stressful job, especially at bedside, but I love the income: lifestyle ratio. I work 3x12s with the option to pick up overtime if desired. I pick the days I want to work. I'm predicted to make 100k in only my second year with just a tiny bit of OT. Wages are dependent on location and other stuff, but I still think it's decent especially since I have no student loans. I'm in WA state and our wages are public due to being unionized.
What kind of a nurse? RN or BSN? Does it make a difference? I’m looking into this for a career switch and trying to figure out what path to takeZ
Any readers need to read that last line very closely as it shows you're the exception, not the norm. Here in Indiana you'd be taking home \~$60K, work the shifts you're given, and handle whatever ratio they want to give you. You'll get a raise of around $0.50-1.00/hr every year on average. If you want a day off you need to negotiate with your co-workers. Don't like it? Good luck because every place is the same as the last with the only real variable being culture. My wife left bedside specifically because it was destroying her life outside of work. She's not alone either. The only thing keeping the hospitals afloat are the new grads that don't know any better than to sign the retention agreement. She has long said though that she would love to be a nurse in a unionized environment where you had the ability to push back against the abuse. Hopefully one day Indiana will catch up with Washington
This is the real answer to this. California RN with their unions is the best for RNs as a whole. Everywhere else gets wrecked.
I’ve debated this move as a tech worker with a bachelors degree already. We have a few accelerated programs around us. But when you look at any thread on any nursing sub or forum from someone considering this, everyone tells them not to do it. It’s hard on the body (esp relevant if you’re older), there’s shitty patients who literally assault you, scheduling can vary (not sure how common being able to pick your days is). What were the deciding factors for you to make the switch?
Real estate. Buy a few acres of farmland outside a growing metropolis for no money down on a usda loan and wait. Could take a decade or two. Sell when the suburb expands. Dumbest guy I knew moved to Texas about a decade ago and bought some ranchland outside Dallas. A decade later, he's turned every acre he bought for $1-3k/acre to $300-500k/acre. Basically every acre was worth a year of FT work.
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What? The SP500 has a 177% return over the last decade. We’re talking orders of magnitude larger returns
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Having family in commercial real estate, I’ve never heard of a wealthy person buying empty land and just sitting on it. I’m fully with you that is a crappy investment for sure. The way people make money in real estate is by having a net operating income. Having something on the land that produces more cash than expenses, usually a building that’s rented. That way you not only make some money every month, but you also capture the increase in land/property value. Even if someone was gonna do rural land speculation, they’d be stupid not to try and find some way to rent it or earn some kind of income.
This is actually brilliant
I’ve found that the old adage, ‘if you love what you do, you never work a day in your life,’ to be quite true. I don’t make as much as some of the occupations listed but I run my own business which allows me to travel the country and attend dozens of music festivals each year (one of my biggest passions). I net in the low 6 figures (tax free) and only work 20 hrs a week on my own schedule. It’s a pretty good lifestyle that I would recommend.
I was sold this, and it’s so untrue for 99% of people. When your hobby becomes a job - you don’t have a hobby anymore, only job. In the end, after years of working you will hate what’s ones was your joyful hobby
You can love your work without it having to be one of your hobbies.
There’s a massive difference between turning a hobby into a job and working in a field that you enjoy.
yes, but it won’t be “do what you love and you don’t have to work a day in your life”
Of course it can be. The person you replied to literally told you they’ve achieved that. I know people who’ve achieved it too. Just because you feel wronged doesn’t make other people liars.
For me that is programming and its the non-tech people with their incompetence that makes it not fun.
for me that was programming and engineering in general, but now I just want to save up enough to do something else. Managers are annoying and stupid, hr is just hr and you have to work on boring projects or with some tech dorks who contribute 100h a day to open source projects and then make everyone else suffer from their superiority complex and if it happens that this person is the CTO - project will fail every single time. My mom loved knitting made a small business out of it and now she just working with no joy and financial prospects
I’m very curious what your business is for it to be tax free.
Anything “church” related
It's probably more to do with the country he lives in with him saying "low six figures (tax free)". So I'm assuming wherever he is having low six figures has significantly lower tax than high six figures.
All the no tax countries I know don't have the greatest music festivals :)
I live in the US but it’s a highly unregulated industry which allows me significant leeway when filing.
Yeah looking at your profile and your response the other guys probably right, whatever your doing you probably shouldn't be discussing it on Reddit.
I create new profiles pretty frequently but appreciate my friends looking out for me!
Can I ask what is the biz?:)
At the end of the day you should somewhat enjoy it but mostly tolerate it. I don’t go to work for fun, I go to get paid. I can have fun outside of work.
What is your business?
unemployed is the best, the lifestyle is what it is but the ratio goes through the roof
How do you pay bills though? Do you have any income currently?
Ratio reaches infinity
I am a Financial advisor. I am pretty good at it and take my client's well being very personally, which means that there is stress sometimes. I make about 300K and might work 25 hours a week. I am in the office right now and typing on Reddit. The thing is, I am not sure how much newer technology would affect people coming into the field. My assets under management grow therefore I make more money. But new clients are harder and harder to come by. Also, my success, if I am being honest, has a lot to do with having been in the right place at the right time.
Maybe you don’t need to worry about these careers, grasshopper. A lot of life prep is necessary and different for each.
Except for being a pilot, all of those jobs require a masters or a ph.d
Successful investors have great income:lifestyle ratios.
So do lottery winners
“What are you studying in school?” “Lottery winning” 😭
I also have a few friends who are trust fund babies and they swear by it. Good work if you can get it.
Good work if you’re born into it
software developers
not anymore
Its simple choose any career but dont become a pilot. It is the worst job on the planet
Why so?
None of those examples are careers. They are jobs at the tail end of a career.
I work in tech sales and make 400k. Some really excellent reps make a million if they’re selling things like AWS or Azure or Oracle. The hours aren’t bad - 30-35 a week usually, also fully remote and can do it from anywhere. However, a bad quarter is very stressful. Nonetheless I find it easy for what I make, especially when I consider I make more than some VPs and lawyers I know and I work nowhere near as hard as them.
What software vertical are you in and how are you making that much? How many years of experience do you have? How rare is it to work 30-35 hours per week making $400k in tech sales? I hear mixed reviews about that industry.
I’m in enterprise, vertical is research (UXR) software. I’d say it’s not rare to make this as an enterprise rep but perhaps more usual is around 300k (I exceed my quota and hence why I make more). I have 9 years in tech, 4 in sales.
What did you do in tech before selling? Did that help you land your current role? How stressful is your job?
I was in CS (customer success) as a CSM originally and then as Head of CS. yes, it helped me land my role. Prior to CS in tech though, I only had experience as a teacher abroad and as a door to door sales rep. My job is not very stressful at all when things are going well, but there’s always stressful periods during slumps, which for me are very anxiety inducing. Happens about once every 2 years.
Have you ever been laid off? What do you think will happen to sales jobs as AI becomes more common? How much were you making in customer success?
In CS I started at 60k and was up to 140k within 6 mos. (I started too low so it was “right sizing” my pay + a promo which led to the large raise) At end of tenure in CS I think I was at about 175. I’ve never been laid off yet, no. I always work for small start ups - less ruthless and more equity. AI will prob replace lower level sales imminently. Enterprise is another thing though and unlikely to be as quickly replaced due to the complexity and the need for a human touch / relationship. However, this too may be replaced by AI within the next 5-10 years. I hope not, cause I’m not financially prepared to retire yet, but we’ll see what happens. Seems to me most white collar jobs are at risk of eventual replacement by AI.
Higher pay = higher skill / luck
Work hard and invest in yourself. Do something that you are passionate about. Earnings will come with that. If you get stuck on a ratio it will likely not play out.
I’m in finance, FP&A specifically. Current salary is $190K + 20% bonus + some equity. I’m underpaid for my skill set and actively looking to land something in the $225-250K + 40% range with equity. That would likely be a VP role at a large company or a CFO role at a mid size company. It’s entirely possible to get there in 12-15 years. What I will say is, results are not typical… a lot of people want to get there, but not a lot of people are good enough at it. If someone was going to enter the career just to chase the paycheck then I would advise against it. You will top out by manager if you’re lucky. Still making a really solid income around $120-140K + bonus, but a far cry from the $400-600K packages that the senior levels can get to.
Not easy to get from manager to director and beyond though. But yeah manager should be around that range you mentioned. What are your hours and stress levels like? Don't think vp/director will have good hours? Manager more likely Also what are your thoughts on folks in late 30s or 40s stuck at manager in terms of job security ? Will one be screwed if laid off at that age and level or still be able to secure higher pay at another co
My hours aren’t bad, usually 40-50, but my stress levels can definitely get up there. I’d say I’m at a very demanding company currently, and it’s part of the reason I’m looking to leave. I could easily do 70+ and still be behind, I just wont. I’d say the job security is fine. There’s always manager jobs available, and experience is good. It’s just important to stay on top of your skills.
What are degrees in? CPA?
I majored in Accounting, no CPA.
That’s good money. MBA or MAC?
Got my MBA at a no name school.
i doubt any legacy airlines have pilots that only work 3 days a month and still earn 400k. most of their salary is flight allowance, and if you dont fly, you only base base
Anything is possible if you have imagination; you can create your own realities. Maybe it’s a hush money. lol. It’s less expensive for us to pay you that amount than for you to talk about how crappy new Boeing is. ^^
Widebody captains make that in their sleep. The new pilot contracts at the legacies is insane money
Dating a legacy guy, this is a very real occurrence.
Own for a living. If you are willing to put in the work then plenty of paths can get you comfortably retired by 45.
Can you elaborate? Where should someone focus their research? Are you mainly referring to rentals?
Get a high earning job. Usually this requires a fair amount of education. Marry someone who also has a high earning job. Live below your means and invest heavily in index funds and real estate. Do not have kids. By 45 you will own enough stocks and real estate to live comfortably off the interest/dividends and will never need to work again.
Beautiful concise comment. Thanks
No problem. Best of luck. Building a life isn’t easy but also not impossible.
I’m speaking from experience I’m at a legacy airline 27M flying maybe 8-10 days a month and will bring in 225k on Year 2 pay. With year 3 pay being an increase from 177 an hour to 221 an hour. The pay is amazing for the work we do.
Magnificent Seven jobs are great! Mid-100s and up. Sr roles can get total compensation packages ranging from 300k-550k. Equity rewards can exceed that comp range as well, leading you into 1M+. Depending on the environment, can be low-stress and high value work. Great benefits, plenty of PTO and more.
Does that apply for Corporate Finance roles within M7?
What title? I can look for you.
Pretty much anyone making good money works hard/long hours. That's life. There's no free lunch unless you have passive income.
You need some starting capital and know how to do it, but buying a sailboat or a yacht and taking groups of 6 or so on week long vacations is someplace tropical. I know a guy who charges $20k for one group/week.
Are you even sure the guy is pocketing that much? You need down time between trips so you can’t do it 52 weeks per year. Say you do 40 trips thats 800,000k but you’re paying for their food/drinks on these trips most likely, fuel for a boat is insanely expensive (maybe sailboat could cut costs, maintenance, crew members, etc.). Not be mention sailboats and yachts themselves cost a fortune up front. Even a decent used yacht that can comfortably sleep 6+ guests will cost over a million.
This is some of the stupidest advice I’ve seen on Reddit
And Reddit is a particularly stupid place, so that's saying a lot!
I’m a psychiatrist and pulled 700k last year. I vacation every month. I’m in South East Asia. Psych is low stress, great lifestyle and in high demand. One of the best kept secrets hands down.
So telemedicine for western customers? I would die if all my patient interactions were online.
How do you get into this field? Are you an outlier in the income side? What's your day to day like? I assume you have your own business ?
Yes definitely an outlier, psych is one of the lesser paying fields in medicine so if they’re making 700k, they’re likely working like a dog or cutting corners.
Psych can be very chill. If I work overnight providing coverage for the hospital, I always have a psych resident assistant with me. There have been some nights we get 1 new patient to see for 12 hours of work. Always during nights, the resident works and I sleep for a good part of the shift when it’s quiet because I’m the attending (6 hours sleep). Not many jobs you can sleep and make a couple thousand dollars for working 1 shift. Let’s do a hypothetical. Say I work during the day doing coverage in the ER (shift work), then work night but I get to sleep for 6-7 hours because I have a resident cover me (remember psych can be very chill too). For this in total I would get 5000 dollars. If I only work 1 day a month doing this (24 hour coverage), I can make 60,000 dollars a year (5000 x 12). Imagine working 1 full day a month, taking the rest off (29 days) to vacation overseas yet making what the average American makes. If I did this twice a month (work 2 days full coverage a month) I would make 120,000 a year. At the end of the day, psych can have good lifestyle:income.
How much of that is from actual therapy vs prescribing drugs?
I don’t do therapy. Only prescribing drugs. Psychologists or therapists will do the therapy part for us with patients.
Drug dealer
You need three years at university though right?
Psychiatrist are physicians that you have to go to medical school for and do residency. So it’s long
I still think tech is the king of work life balance and $$ per hour actually spent working. Especially if you work from home.
What career paths in tech specifically? What education do I need? What will happen with tech careers as AI advances?
AI is tech, so if you're very worried about that, work in AI.
Historically there's really been two typical ways to get into tech: * If you were a 1990's kid who built your own computers and basically were the "geek of the family".. you'd look for a job doing Helpdesk or phone-support (call-centers).. and spend a year or two doing that until you found a niche you were interested in (networking, web-development, Servers, cybersecurity, etc).. and you'd try to branch off into that niche and start as a Junior and work your way up over time. or * You'd specialize first (pick the niche you're interested in) and just focus hardcore on learning that if it's by going to College or doing your own side-projects or self-employment ,. basically some way where you could "show off a portfolio of your work" (websites you built, GitHub repositories, etc) Either of these 2 options are basically just ways to build up a list of things you can put on your Resume. Because ultimately a future-employer is going to want to be able to see "What does this person bring to the table?" The big shift that's happening right now in IT (that to some degree does involve AI and algorithms).. is the push towards "automation" (leadership everywhere in IT wants everything to be automated). I think a lot of people (especially leadership) in IT ,. don't really understand how complex things are and how "Automate everything!" is **NOT** some easy magical fix to all our problems. Take my job for example,. I do MDM (Mobile Device Management) supporting Apple and Android devices in corporate environments. * Can we automate some of that ?.. Sure. If someone comes to me and says "Hey, there's this new iOS App we'd like to use on iPads to do safety-checks of City Parks,. can you automatically push-install it to these 50 iPads ?"... Sure,. I can easily do that in about 10 minutes. * If someone comes to me and says "Hey, I have an iPhone 10 with a physical SIM and I'm migrated to a new iPhone 15 with an eSIM and oh by the way I have a bunch of Photos I need transferred and my Microsoft Authenticator accounts transferred (We don't allow AppleID's, so we can't do iCloud Backups-Restores). and .. and and other questions. You can't really automate that. If you try to "push all that back onto the (non-technical) End User".. that End User is in for a world of pain potentially spaghetti scrambling up their devices. Regardless of whether you work in Networking or Cybersecurity or Helpdesk or Desktop Support or Application or Database Support ,etc.. some degree of Automation and AI will probably happen,.. but there's a metric s-ton of old antiquated environments out there that are going to need decades of in-person handholding and in-person hands-on fixing to uplift them to a better future state.
A lot of the well-paid jobs in tech are in infrastructure. You don't technically need any education, but work experience is crucial, of course. It can take a number of years to work up to. As for AI at this time, really only software engineers need to worry.
It depends. There are 2 types of experienced techs. The one knows a lot of depth on a niche and can charge and work accordingly. The other have more responsibilities because of experience and skills and therefor more expectations and therefor works more with less balance.
Sales can make a killing, 100k, 200k, 300k+, while it doesn’t require schools like those other positions, it requires something else that’s just as difficult.
OF models suck dick for bigly hourly rate
How many do I gotta suck?
Depends on your skill level. Sometimes just one. Over and over.
PHARMACY Rullz. Earning lots doing literally nothing. Just finish the school Get the diploma, Take the bank credit Open drugstore ??? Profit.
“Doing nothing” this tracks considering how long every pharmacy line is I’ve seen for the last 10 years.
Of course there is a trick to it. Getting a pharmacist diploma is as difficult as getting MD diploma. But after finishing school and opening the pharmacy they hire some cashiers and cashiers are dealing with those lines not the pharmacist. There are of course cases that a pharmacist works in his/her own shop but it is only to earn even more and getting bored doing nothing except joining seminars etc.
This is why my medication costs $3k a month
Not the pharmacists. That's Big Pharma, unfortunately. Source: I used to work in a pharmacy.
How much?
Definitely agree with the people saying the right type of sales can be amazing. I work in a very specialized field, the commissions are few and far between relative to someone selling copiers, but they are big and recurring. If you can get over that initial risk (takes a few years of high risk tolerance), and get really lucky with a couple big deals, your “hourly wage” can skyrocket.
There was a posting at my job for a rotorcraft pilot $300k
Engineering…4 year degree, low to no school debt, make $150-200k after 10-20 years of experience
I think actuary is pretty solid here. Once you get your fellowship credential on average making about 200-250 all in, with upward mobility to 400k. I think the higher paying jobs are moderately stressful, but the floor is quite high at the median level.
What is the process to become an actuary? How do I get to $400,000?
I mean be really good at management and become a higher level middle manager. A lot of corporate VP or SVP make that much. Actuary at an insurance company is one pathway to that type of role without an MBA
What is their lifestyle like? To make over $250,000 per year in the business world, does anyone work less than 40 hours per week?
I work usually 40 hours, sometimes more in busier timeframes such as quarter end reporting times especially as a manager. 50 hour week not uncommon, occasional rare 60 hour week max. But normally 40.
Do you get paid overtime anytime you work more than 40 hours in a week?
No exempt positions typically don’t pay overtime
CRNA here making 300k per year. WLB is amazing. I work 40 hours per week. If I have an upcoming vacation I want to splurge on, I will work some overtime.
Tell us what it stands for then
Certified Registered Nurse Anesthetist
what is WLB
Work life balance
Oh ok thank for your reply I am not a native english speaker
I can tell you this about dermatologists, they don't make that much that you listed. If they are in or near retirement working those hours only, I can imagine at most, if it's their own practice, 150 a year. They also better have more than themselves or there is absolutely no point in having a practice due to the overhead. Especially the malpractice insurance. You want to be a really well-paid doctor? Obviously the plastic surgeon but least obviously, the anesthesiologist in the OR. Everyone else is working on trivial things believe it or not even if it's brain surgery compared to the chemicals you are pumping into the person's body to not only paralyze their muscles so they don't screw with the surgery itself, but maintain proper breathing, proper heart rate and blood pressure, proper sugar, you name it. They're ultimately responsible for the aspect of safety of unconsciousness during any general procedure. Even the guy who gives your wife an epidural during labor cost about $2,000 just for one epidural injection. It's not even an IV drip. Do you want to get the real money? Open up a pain management center where all of the doctors are anesthesiologists because they have to be due to the procedures they do. These procedures prevent patients from becoming narcotic addicts by accident. Carry on.
Or just open a clinic that does aesthetic treatments only like Laser, Botox etc. you’ll earn that without all the problems.
Yep. That's a very good point. Thanks for the addition. Those who do specialized services such as that versus simply popping pimples and removing warts can get the money they ask for because usually those clinics offer services that are not covered by insurances such as Botox and laser defining procedures because a person with migraine is not going to go to a dermatologist for Botox injections, there are neurologists who specialize in this nowadays due to its high effectiveness. So not dealing with the insurance requires less overhead in terms of employees who only do billing and have to handle the back and forths between insurances as well as not dealing with the overhead of that, they can literally charge whatever they want and get it as a 100% reimbursement versus the pathetic insurance reimbursements insurance companies offer. Another reason why many specialists do not accept Medicare is because of their (lack of) reimbursements being so incredibly low. So if you want to open up a practice that has multiple doctors and accepts all the different insurances, go ahead and remember that on top of your malpractice insurance per doctor, you have to retake boards, you have to split your office into specializations based upon the amount of doctors and what specialization each of them has, and so on.
I think my daughter has it. "Grade School Teacher" in a HCOL state that pays teachers well. Her 4th year teaching & income is $67k. Great benefits. Health insurance, pension, retirement plan w/3% match; 10 paid holidays, 3+ weeks vacation during school year, 5 personal days, 10 weeks off for summer(she takes 2 weeks off, then tutors and works in a day camp earning ~$12k additional). School district will pay for her Masters (a state requirement). By about year 15 (age- late 30's), she'll be earning ~$100k