I very nearly did that ten years ago. I had been at the same firm from age 23 until 38 and had started at a very junior level and had advanced to the most senior possible level in that time. I made a horizontal move to another firm and the 90% pay raise I got put me in the mid range for my JD there. It is nice to make a lot more money. I would say the first thing you should do is get out debt and or save a year's pay. Then go on a really nice vacation. It is easy to spend a lot of money every month without setting definite goals... and it is even easier to become depressed when you spend all that money and it doesn't have the effect that you want it to. Better to build something and have something to look forward to. Just my two cents.
Ask HN: Has anyone moved from a 100K salary to 200k salary directly?
11–18 of 18 posts
Re: Ask HN: Has anyone moved from a 100K salary to 200k salary directly?
#12100K to 200K sounds like a great jump, but not nearly, not even close as significant or impactful, as e.g. going from 30K to 70K.
Lower bound jumps are the hardest and the ones worth (and quite interesting, to be honest) studying IMHO.
Re: Ask HN: Has anyone moved from a 100K salary to 200k salary directly?
#13Yes, I'm doing this now (throwaway so I can post details). I start in a week. I previously worked for a midsize midwestern non-profit; old salary was 105k (plus benefits, 401k). I'm working remotely for a Bay Area company you've heard of for $205k salary, benefits, 401k, equity another $100k/y today but hopefully rising.
I'm pretty fucking thrilled about it. I have budgeted $1k from my first paycheck as "mad money" to have fun with but then otherwise all of the increase goes to retirement investments. I'm happy with my budget as-is and I'll be happier to watch my expected retirement day lurch closer every month.
Re: Ask HN: Has anyone moved from a 100K salary to 200k salary directly?
#14After working for a decade at a nonprofit at 100K, I used hired.com to get an iOS dev position at 175K. A year later I moved to a 200K position.
sounds like an ad for hired :thinking_face:
Re: Ask HN: Has anyone moved from a 100K salary to 200k salary directly?
#15Re: Ask HN: Has anyone moved from a 100K salary to 200k salary directly?
#16Close to this.
125K in a small city working for small company on a government project. I took a bit of time off to travel and then landed a 220K job in Seattle. Rent cost took added a bit more than $15K Taxes took another $27K.
The difference really is moving from a small co. to FANG.
CTCI and LC your way there.
Re: Ask HN: Has anyone moved from a 100K salary to 200k salary directly?
#17Close to this. 125K in a small city working for small company on a government project. I took a bit of time off to travel and then landed a 220K job in Seattle. Rent cost took added a bit more than $15K Taxes took another $27K. The difference really is moving from a small co. to FANG. CTCI and LC your way there.
For clarification…
• FANG means “Facebook, Amazon, Netflix and Google” [1]
• CTCI means “Cracking the Coding Interview” [2]
• LC means “Leet Code” [3]
[1] https://en.wikipedia.org/wiki/Facebook,_Apple,_Amazon,_Netfl...
Re: Ask HN: Has anyone moved from a 100K salary to 200k salary directly?
#18I went from ~90k to ~250k TC. Getting a local job in NYC after leaving a fully remote job based in my old town. It was quite shocking. The result was that I could suddenly save a TON more money and had to rapidly learn the concepts of investing for the future.