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» Miscers who make $200k - What do you do and how did you get there?
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post 1666816263 08-26-2022, 07:00 PM
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Originally Posted By r32gojirra
If you have a company and you’re paying yourself $300k per year it would be difficult to make it tax effective

The other popular strategy for high income earners with families is to place money in discretionary trusts

Again reducing their nominal “salary”
Less salary less taxes
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post 1666816383 08-26-2022, 07:02 PM
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#62
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Sold my soul
post 1666817683 08-26-2022, 07:27 PM
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#63
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Originally Posted By Dolan28
Roughly 3% of all Americans make 200k+, but you will get dozens of replies here with advice since America's top performers all happen to spend hours a day posting on the Misc. Especially those between 20-30 years old, which represent less than a fraction of a percent of those earning that income.
post 1666818453 08-26-2022, 07:43 PM
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#64
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Clear about $500k+ a year in digital marketing. Tons of money thrown around on marketing spend so if you perform, companies will pay to spend money efficiently. Recessions and cuts also mean marketing is right after recruiting in getting cut so it's not always the safest job to have.

Live in HCOL so it's like earning $20k in some bumfck area though.
post 1666818793 08-26-2022, 07:49 PM
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#65
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Originally Posted By Dolan28
Roughly 3% of all Americans make 200k+, but you will get dozens of replies here with advice since America's top performers all happen to spend hours a day posting on the Misc. Especially those between 20-30 years old, which represent less than a fraction of a percent of those earning that income.
I think underreporting $ is so widespread that it’s considered common practice these days. The salaries that are reported mostly belong to professionals working for others. Officecels like myself, and professionals who don’t have a foundation to start their own enterprise (regardless of the industry).
post 1666819703 08-26-2022, 08:11 PM
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#66
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I honestly believe all the people who state their high incomes. When you make over 200k you also realize a lot of people make this and much more.

Misc used to be a place where people worked out and wanted to better their lives.
post 1666819953 08-26-2022, 08:17 PM
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#67
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Originally Posted By sword_
Sales Engineer. Base is mid-100s but between commission + RSUs that will put me at mid 200s.

Basically I've been working in tech the past 12 - 14 years in various support, operations, SRE, and DevOps roles. I specialize in Big Data and Object Storage (i.e. Amazon S3, etc). Been playing with computers and Linux/BSD since I was a teenager.

Making the transition to tech sales gave me a 50% increase in my base.

Ultimately my role is to support the sales team to convert opportunities into tangible sells, help with renewals, fill out RFPs (request for proposals), perform demonstrations and POCs (proof of concept) for customers and ensure they are satisfied with the product and if not find what pain points they are having. Knowing how to leverage your soft skills and provide technical knowledge can help you make real $$$.

Honestly if I wanted to get to 200k now and I was new I'd go into cybersecurity. They have a 0% unemployment rate because there is a shortage of talent in that sector.
Couldn’t you make 300k+ if you stick with Devops/SRE and worked for a FAANG or prestigious tech company?
post 1666820093 08-26-2022, 08:21 PM
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#68
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Originally Posted By Godfrd824
I have posted paystubs before, but if you want to take a permanent ban, I will post my last year's tax form for $190k+. Oh, and despite that saying a senior admin has 15+ years of experience, I only have 6 total. I know this is a sore subject for you because you tried IT and failed.
I'll double this too. Jaydawg, I'll bet you a permenant ban and total rep reset for my account if you want to bet that I'm frauding on income too.

I only log in every few days so PM me if you want to take this on. If I'm correct, you get the ban/rep reset, if I'm wrong, I'll take it, and (srs) there's my serious tag.


It seems like you're projecting a bit JayDawg.
post 1666820313 08-26-2022, 08:24 PM
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Originally Posted By Huss!
I honestly believe all the people who state their high incomes. When you make over 200k you also realize a lot of people make this and much more.

Misc used to be a place where people worked out and wanted to better their lives.
Average per capita income in the US is 53.5k, so we are talking 4x that here.
post 1666820333 08-26-2022, 08:24 PM
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#70
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Originally Posted By Huss!
I honestly believe all the people who state their high incomes. When you make over 200k you also realize a lot of people make this and much more.

Misc used to be a place where people worked out and wanted to better their lives.
I believe this too.

You have to realize that this isn't just a random population sample. The Misc historically consists of a subset of people. They have...

A. Enough technical understanding to join forums and participate actively on them, technical understanding is an advantage.

B. Social people, enough to want to participate in talking to people online. Social = advantage.

C. People who started with an interest in bodybuilding, which shows a high drive/work ethic/desire to better your live, advantage.

D. Survivorship bias. People who don't earn a lot probably don't talk about it much here.


Naturally, you'll hear about a lot of high earners here and for the most part, I believe them. I know a few users here actually and know they earn 200k+. I believe _Sword, and 5x10, etc.
post 1666820673 08-26-2022, 08:31 PM
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Originally Posted By HTDG
unless youre doing cyber security sales, those jobs are pretty capped. start up is a different story though.

I make 130k as an associate in finance, which was cool when I was 25 but its getting stale (and frankly doesnt pay the bills it used to). 1000 ways to make a record, I plan to leave for management/strategy consulting or a higher commission sales gig in another industry.

In financial sales, our VP's make 150-170 (largest asset manager in the world/Bulge Bracket/Big Fund Shops) with a 25-50% bonus dependent on performance. comes out to about 250k all in. that said, Commission is where its at, bonuses are just capped clownery.

other friends making 200k are in tech sales for the most part, its easily replaced, tough to hit targets, very much a grind but good money while you can make it and doesnt take an insane amount of brain power

EDIT: Got there by going to uni, not being an idiot, networking. Its really that simple. Also 6'4 and a former d1 athlete which for some reason helps you a ton within finance/sales right off the bat
I don't know much about cyber security but yeah from what I heard it is in demand.

What I like about sales engineering is that I support the sales them but I'm not the one hard selling. I'm more of a trusted advisor that educates the client on our product and help them solve their problems through a series of discussions. I like the idea of consulting rather than being a hard seller.

Sales engineers have some level of insulation and job security because we are not the sales people necessarily. Of course you have to be a reliable sales engineer and help with proof of concepts and give excellent demos, but if the sale or renewal doesn't happen then it isn't really on you, it's on the sales people. I get a 75/25 base salary / commission split as a result so it's not life or die by the quota for me.
Originally Posted By DavidL913
how technical do you have to be? coding experience?

I plan to transition to data analytics with an interest in data. I also have a technical recruiter. I think this may be a good pivot for for me.
Technical enough to be dangerous. I'm a ****ty programmer lol. As an SRE I did basic Python/Bash/PERL to write scripts for Nagios and Icinga but I'm more of a systems guy and my breadth of technical knowledge comes from Hadoop/Big Data and Cloud Storage. Given how much data has exponentially grown in the past two decades and isn't going to stop any time soon my specialized knowledge is in demand.
Originally Posted By Jacobcapra
I don't make 200K but can confirm sales engineer is a solid option to get good pay. I took a sales engineer position when I was barely 26 and was immediately making $110K with an upside of more like 150. Haven't seen much growth yet, thanks COVID, but could definitely see how someone that does this for a long time can net $200K annually.
I was actually surprised but it is quite lucrative!
Originally Posted By GaryCarnivals
Post your Chase bank statement or you are LARPING. Simple as that.
I posted my Workday paystub in another thread a few weeks ago. I make $6346 per paycheck every two weeks so you can do the math. This is my next commission check.

Originally Posted By Dreyth
What exactly is tech sales?

Im in cyber right now doing mostly cloud security assessments. Havent cracked 200k yet but im close, cant wait. One raise away from it
This is a good video on it.



You have to be technical enough to talk to the people who are running the operations on a daily basis (i.e. VP of Engineering/OPS, SREs, DevOps) but also have the business acumen to talk to the economic buyer which may or may not be ultimate decision makers (think VPs and CTOs of companies) to explain the value of your product and why spending such a large sum on it is worth it. This usually comes down to a series of discovery phases to really drill down the pain points that the customer is facing. If you can also get champions in the company then you have a win.

You also gotta watch out for competition that comes in around renewal cycles because they can come in and affect the revenue your company is getting from your client. Also renewals are good upsell opportunities. Customers may buy for example a hundred seats of your fancy enterprise software and they may have a great experience. You can come in and see if they will buy 150, 200, or 300 seats during those periods. It's much easier to retain a customer and upsell them than find new opportunities.
Originally Posted By TCmaxxing
Couldn’t you make 300k+ if you stick with Devops/SRE and worked for a FAANG or prestigious tech company?
I was a staff engineer in my previous role (IC4). Next is senior staff (IC5) then principal or distinguished engineer (depends on what company you're at, but basically an IC6). There are VERY FEW Principal Engineer roles in tech. People that are legitimately qualified to get them are held up because those roles are as plentiful as say senior or staff roles and some people only get them when someone leaves a company to go for another one.

I realized that it could take me 5+ years or another decade to get that. Plus I'm not the type of guy that live, breath, and eats tech meaning there are far more technically sound and smarter people than me that would get those roles before me so I was thinking this year of going into management (applied for a role at my previous job and didn't get it) or another position. I did sales engineering for a start-up briefly so I knew a bit about it so that was an option.

This sales engineer role came up and I got it. There's still room to make 300K+ without grinding on the tech side.
Originally Posted By 3fifty
I believe this too.

You have to realize that this isn't just a random population sample. The Misc historically consists of a subset of people. They have...

A. Enough technical understanding to join forums and participate actively on them, technical understanding is an advantage.

B. Social people, enough to want to participate in talking to people online. Social = advantage.

C. People who started with an interest in bodybuilding, which shows a high drive/work ethic/desire to better your live, advantage.

D. Survivorship bias. People who don't earn a lot probably don't talk about it much here.

Naturally, you'll hear about a lot of high earners here and for the most part, I believe them. I know a few users here actually and know they earn 200k+. I believe _Sword, and 5x10, etc.
All great points. Regarding point D the only reason I pointed out my salary here was to help others. I came from humble beginnings so I don't like to lead with making money. I've also ate **** before and I know that it can be taken away.
A hit was sent, from the President, to raid your residence /
Because you had secret evidence, and documents /
On how they raped the continents, and it's the prominent /
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post 1666820903 08-26-2022, 08:37 PM
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#72
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I tried getting into sales but had no luck. Applied to like 50 sales development jobs and not even an interview. Any advice on some how getting my foot in the door in tech sales?
post 1666820973 08-26-2022, 08:38 PM
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#73
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Work in a career that can be done remote and work 2+ jobs, you can easily clear 250k+ and do your work 3 hours a day if you are good

Ded fking srs

Lol at commute cels
post 1666821173 08-26-2022, 08:42 PM
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#74
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Originally Posted By Imthebestmayne
Work in a career that can be done remote and work 2+ jobs, you can easily clear 250k+ and do your work 3 hours a day if you are good

Ded fking srs

Lol at commute cels
Good way to get fired from both.
A hit was sent, from the President, to raid your residence /
Because you had secret evidence, and documents /
On how they raped the continents, and it's the prominent /
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post 1666822133 08-26-2022, 09:04 PM
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#75
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Originally Posted By sword_
I don't know much about cyber security but yeah from what I heard it is in demand.

What I like about sales engineering is that I support the sales them but I'm not the one hard selling. I'm more of a trusted advisor that educates the client on our product and help them solve their problems through a series of discussions. I like the idea of consulting rather than being a hard seller.

Sales engineers have some level of insulation and job security because we are not the sales people necessarily. Of course you have to be a reliable sales engineer and help with proof of concepts and give excellent demos, but if the sale or renewal doesn't happen then it isn't really on you, it's on the sales people. I get a 75/25 base salary / commission split as a result so it's not life or die by the quota for me.



Technical enough to be dangerous. I'm a ****ty programmer lol. As an SRE I did basic Python/Bash/PERL to write scripts for Nagios and Icinga but I'm more of a systems guy and my breadth of technical knowledge comes from Hadoop/Big Data and Cloud Storage. Given how much data has exponentially grown in the past two decades and isn't going to stop any time soon my specialized knowledge is in demand.



I was actually surprised but it is quite lucrative!



I posted my Workday paystub in another thread a few weeks ago. I make $6346 per paycheck every two weeks so you can do the math. This is my next commission check.





This is a good video on it.



You have to be technical enough to talk to the people who are running the operations on a daily basis (i.e. VP of Engineering/OPS, SREs, DevOps) but also have the business acumen to talk to the economic buyer which may or may not be ultimate decision makers (think VPs and CTOs of companies) to explain the value of your product and why spending such a large sum on it is worth it. This usually comes down to a series of discovery phases to really drill down the pain points that the customer is facing. If you can also get champions in the company then you have a win.

You also gotta watch out for competition that comes in around renewal cycles because they can come in and affect the revenue your company is getting from your client. Also renewals are good upsell opportunities. Customers may buy for example a hundred seats of your fancy enterprise software and they may have a great experience. You can come in and see if they will buy 150, 200, or 300 seats during those periods. It's much easier to retain a customer and upsell them than find new opportunities.



I was a staff engineer in my previous role (IC4). Next is senior staff (IC5) then principal or distinguished engineer (depends on what company you're at, but basically an IC6). There are VERY FEW Principal Engineer roles in tech. People that are legitimately qualified to get them are held up because those roles are as plentiful as say senior or staff roles and some people only get them when someone leaves a company to go for another one.

I realized that it could take me 5+ years or another decade to get that. Plus I'm not the type of guy that live, breath, and eats tech meaning there are far more technically sound and smarter people than me that would get those roles before me so I was thinking this year of going into management (applied for a role at my previous job and didn't get it) or another position. I did sales engineering for a start-up briefly so I knew a bit about it so that was an option.

This sales engineer role came up and I got it. There's still room to make 300K+ without grinding on the tech side.



All great points. Regarding point D the only reason I pointed out my salary here was to help others. I came from humble beginnings so I don't like to lead with making money. I've also ate **** before and I know that it can be taken away.
The sales engineer vid is interesting. Sounds like something i would really enjoy. Thing is, in pretty comfy where i am now and im coasting at my job. I do a lot of our process improvements, and my bonuses are tied into them. Getting paid extra money to make my job easier!

At the same time i would really enjoy getting to 250-300k but whatever. Im at 195k if i hit all my bonuses (which i did last quarter). May get a promotion to manager in Jan so i should easily crack 200k at that point

I interviewed at a GRC tool company for a PM position paying about 215-220k but didnt get it in the end
post 1666822143 08-26-2022, 09:04 PM
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#76
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Originally Posted By 3fifty
I'll double this too. Jaydawg, I'll bet you a permenant ban and total rep reset for my account if you want to bet that I'm frauding on income too.

I only log in every few days so PM me if you want to take this on. If I'm correct, you get the ban/rep reset, if I'm wrong, I'll take it, and (srs) there's my serious tag.


It seems like you're projecting a bit JayDawg.
I have no idea who you are.... so no IDGAF
post 1666822463 08-26-2022, 09:10 PM
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#77
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Originally Posted By Dreyth
The sales engineer vid is interesting. Sounds like something i would really enjoy. Thing is, in pretty comfy where i am now and im coasting at my job. I do a lot of our process improvements, and my bonuses are tied into them. Getting paid extra money to make my job easier!

At the same time i would really enjoy getting to 250-300k but whatever. Im at 195k if i hit all my bonuses (which i did last quarter). May get a promotion to manager in Jan so i should easily crack 200k at that point

I interviewed at a GRC tool company for a PM position paying about 215-220k but didnt get it in the end
There's a point where you have to factor in work-life balance. I think I actually work less than I did in my ops roles. No more frantically looking at my phone after hours. I can relax a bit more and my proof of my value is that the sales/renewals are successful.

I considered management but I think this is the right move for me now.
A hit was sent, from the President, to raid your residence /
Because you had secret evidence, and documents /
On how they raped the continents, and it's the prominent /
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post 1666823003 08-26-2022, 09:23 PM
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#78
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I’m a subspecialty surgeon. Average salary is $600k+ in my specialty. Average physician salary is now $330k.
post 1666823083 08-26-2022, 09:25 PM
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#79
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Originally Posted By sword_
There's a point where you have to factor in work-life balance. I think I actually work less than I did in my ops roles. No more frantically looking at my phone after hours. I can relax a bit more and my proof of my value is that the sales/renewals are successful.

I considered management but I think this is the right move for me now.
Yeah for real. Some weeks i work like 15-20hrs srs. Last few weeks has been very easy for me. Sometimes im slammed, but overall i average maybe 30hrs/week at the most.

Good work/life balance leaves a lot of time for hobbies and even a side hustle. Im involved in natural perfumery right now and its fun. Would like to launch a website but i need to nail down more fragrances first. Then comes bottling/boxing and e-commerce logistics

I also import middle eastern clothing and sell it on fridays. Had $235 in sales today in just under a single hour i think. So easy, meet lots of people, great atmosphere after friday prayer, etc. i use it to pay for my groceries or eating out without feeling too guilty about it. Its fun money
post 1666835193 08-27-2022, 06:55 AM
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#80
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The misc has always been a place that attracted "better-off" people or simply people that wanted to better themselves. Most of us were brought here by either looking up supplements or workout programs. It's not unreasonable to assume misc would have a higher than average representation of people that are in the upper percentiles.

With that said, I just broke 200K this year and it wasn't without much work, long hours, and getting screwed along the way. But I now get a lot of freedom, work from home most of the time, and have good benefits.

I am in a Knowledge Management role that specializes in helping organizations capture/manage their knowledge, organizing information, retaining/disposition of said information, process improvement, semi-automation, and using content management tools like SharePoint (my specialty) to do all of this. The military taught me this skillset originally and I've simply expanded on it over the years.

I could definitely make more money if I went off on my own and started consulting, but I've never had a successful solo business venture so I'm always super hesitant to make that leap. I could also make more money if I focused more on certifications and became a microsoft premiere agent but that workload has been kinda ehhhh about it.
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post 1666835393 08-27-2022, 07:01 AM
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Too much talk about tech sales here. No mention that the tech sales boom is over and most of these phucks including miscers are probably on their way out of work.
post 1666835573 08-27-2022, 07:08 AM
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220k
Astronaut
I loe e.
post 1666835933 08-27-2022, 07:25 AM
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That’s why I only grind LC and systems design so I can TCmaxx

TC 320k
post 1666837063 08-27-2022, 08:00 AM
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#84
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i work in cloud, non tech role. but hoping to switch engineering ladder within a year. that'll give me bout 350, srs.
post 1666837343 08-27-2022, 08:11 AM
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#85
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Marry someone making $200k. Check mate.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
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post 1666837633 08-27-2022, 08:18 AM
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Originally Posted By Godfrd824
I have posted paystubs before, but if you want to take a permanent ban, I will post my last year's tax form for $190k+. Oh, and despite that saying a senior admin has 15+ years of experience, I only have 6 total. I know this is a sore subject for you because you tried IT and failed.
I remember you were planning to have increased your annual income to USD$4 million by the time you were age:42, how are you tracking on that
post 1666838003 08-27-2022, 08:28 AM
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  4. Location: Manhattan, Kansas, United States
  5. Age: 36
  6. Posts: 29,598
  7. Rep Power: 55554
Fml, just short of the cutoff, I'll keep my mouth SHUT
post 1666838933 08-27-2022, 08:49 AM
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#88
  1. Destor
  2. Registered User
  1. Destor
  2. Registered User
  3. Join Date: Apr 2012
  4. Location: Alberta, Canada
  5. Age: 41
  6. Posts: 43,481
  7. Rep Power: 254906
Worked warehouse and labour jobs after high school up until I was 25
Went back to school in 2010, did upgrading and took a two-year Construction Engineering Technology program that is basically a project management course
Top of my class, 9 scholarships/awards, graduated in 2014
Went back to work in 2013-2014, started as a Junior Mechanical Estimator
Scooped up by a mentor, went into project controls
Been working in project controls for 8 years now
Started hopping companies in 2019, incorporated in 2020
Now consult through my own corporation and invoice companies for my services, currently charging $95/hr

Almost making 10x what I was a decade ago. Life is crazy boyos, looking back now I don’t even know how I ended up here
post 1666840293 08-27-2022, 09:21 AM
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#89
  1. TexasTechPharmD
  2. Registered User
  1. TexasTechPharmD
  2. Registered User
  3. Join Date: Nov 2013
  4. Location: Texas, United States
  5. Age: 38
  6. Posts: 2,243
  7. Rep Power: 8965
I got my main job which pays about $150k. 4 rental properties which I profit about $15k a year. My side business makes me about $70k a year.

I'm planning on buying a couple more rental properties next year if the prices drop. My side business is still growing so I may end up making $90k this year.
Trust me, I am a pharmacist.
post 1666841313 08-27-2022, 09:46 AM
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#90
  1. elifcey
  2. Banned
  1. elifcey
  2. Banned
  3. Join Date: Aug 2022
  4. Age: 56
  5. Posts: 118
  6. Rep Power: 0
Not me but my half sister works on wall street and had total comp well over $1 million last year, she just turned 31
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