r/financialindependence • u/fidgit86 • Aug 13 '21

What do you do that you earn six figures?

It seems like a lot of people make a lot of money and it seems like I’m missing out on something. So those of you that do, whats your occupation that pays so well?

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u/DarkKerrigor Aug 13 '21

Honestly, a developer shouldn't be promoted into management. A good developer does not a good manager make. The only good software dev managers I've had are ones that were hired into the role; they had the background in development, but were selected because they were a good fit, not because they were due a promotion.

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u/GoyfAscetic Aug 13 '21

That's why companies worth their salt have a technical promotion track separate from the management promotional track so you don't need to be a manager to get promoted

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u/Neofreeocon Aug 13 '21

Larger tech companies typically have a technical ladder. I work at one and am currently an architect, which is the technical equivalent to senior director I believe. Almost cleared 300k last year (with bonus) and have about 500k in RSUs.

I started at 38k back in 1999. Took me about 8 years to hit 100k but that was my fault for staying at a small non-tech company who saw IT as a cost of doing business.

There is better pay at software companies but the bar for entry is typically high. I’ve personally interviewed about 30 people this year and rejected most. The ones that do pass muster though and even some that don’t already have 2-3 other offers in hand. The market is crazy right now.

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u/Mundane_Equipment196 Aug 13 '21

Crazy in what sense? Crazy to break in or Crazy to get a job, stay hired, actually hire someone? Also curious as to what is leading most to get rejected.

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u/Neofreeocon Aug 13 '21 edited Aug 13 '21

Crazy in a sense that it is hard to hire someone. It is definitely a job seekers market.

Rejections vary. Could be not a right fit in terms of skill sets. Other cases not at the right level experience wise.

For the org I am in we need senior people due to project scope and velocity.

Some that I rejected I referred to other teams because I saw potential so it wasn’t like they may not have been considered at all.

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u/Mundane_Equipment196 Aug 13 '21

Interesting thanks for expanding on your thoughts.

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u/n8dev Aug 13 '21

Def a job seeker market. I’m trying to hire and having to pay 20-40k over what we would have paid last year.

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u/Mundane_Equipment196 Aug 13 '21

Are you hiring for senior positions? And are they negotiating up to that price? Or this initial offer is that high.

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u/n8dev 29d ago

Im having to use a tech recruiter and the salaries are pretty much set when I get the info from her. So yeah, the initial number is that high.

I just hired a junior and a senior and working on a DBA. DBA is completely different. We’re swamped with good looking applicants with a simple linkdin job posting.

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u/Mundane_Equipment196 29d ago

Wait so you're swamped with too many good candidates? Isn't that bad for job seekers and not a job seekers market then?

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u/n8dev 29d ago

Yeah, just for the DBA position. Devs are harder to find right now.