Gen Z Is Overestimating the Average Starting Salary by $50K, Survey Finds

Post by IceMetalPunk » Fri, Aug 26, 2022, 7:28 PM UTC

danjoredd wrote: post #35

IceMetalPunk wrote: post #32

Earlier quoted context omitted.

I think college/uni should be about personal growth and education first, career opportunities second. Can it help you get a job? Great. But that shouldn't be why you do it; you should do it because you want to learn about the world. That said, since university is privatized, it's expensive, which sucks for society. So it's definitely going to be a consideration of whether it's affordable to learn or not.

In a way I can agree with that, but we need to change the narrative. Instead of telling kids to go to college to get a job, we would need to change it to "go to college to learn interesting things." When we tell kids that, that's the expectation they will end up having when they go. The demand for college also has to go way down to make it more affordable, save for maybe an act on the government's part. Learning for…

Post by brundolf » Fri, Aug 26, 2022, 7:32 PM UTC

IceMetalPunk wrote: post #42

brundolf wrote: post #39

Earlier quoted context omitted.

I'd never fault someone for being content, and if there's a specific tradeoff you're making for that paycut, then more power to you But otherwise- there's a difference between "trying to make as much money as possible" and "keeping a casual eye out to see if you could be making more money doing roughly the same thing you're already doing". Imagine if you could give twice as much to St. Jude's, or pay off your student…

Oh, sure. But that's the big caveat, isn't it? "If you're not having to sacrifice any of your other life priorities in the process." If attempting to go for the bigger paycheck leads to unemployment, then I won't be able to survive myself, let alone help others. Everything is a risk-reward analysis, but such an analysis requires an understanding of how likely each outcome is. If chasing the dollars is more likely to…

Post by IceMetalPunk » Fri, Aug 26, 2022, 8:08 PM UTC

brundolf wrote: post #43

IceMetalPunk wrote: post #42

Earlier quoted context omitted.

Oh, sure. But that's the big caveat, isn't it? "If you're not having to sacrifice any of your other life priorities in the process." If attempting to go for the bigger paycheck leads to unemployment, then I won't be able to survive myself, let alone help others. Everything is a risk-reward analysis, but such an analysis requires an understanding of how likely each outcome is. If chasing the dollars is more likely to…

There should be no risk, though. Don't quit your job, just look around while you're still employed. Put in your notice if/when you accept another offer

Post by brundolf » Fri, Aug 26, 2022, 8:11 PM UTC

IceMetalPunk wrote: post #45

brundolf wrote: post #43

Earlier quoted context omitted.

There should be no risk, though. Don't quit your job, just look around while you're still employed. Put in your notice if/when you accept another offer

The risk I'm concerned about isn't that my current employer will fire me. It's that if I switch to another job, I might not last long at the new employer. That said, I'm doing the job switch thing anyway; not to get more money, but because I've grown to hate my career and am hoping to switch into a more creatively fulfilling one. If I can find such a job with a larger paycheck, of course I'll take it; but I'm also wi…

Post by alephnerd » Fri, Aug 26, 2022, 8:14 PM UTC

tschwimmer wrote: post #31

alephnerd wrote: post #19

My 2 cents as a Zellenial: 1. I've spent an hour trying to find this survey but cannot. My hunch is it's an online survey with questionable reproducibility (especially after looking at similar research produced by Clever) 2. I'm not too surprised by my college aged peers overestimataing average starting salaries. With the increase in CS/ECE students and a relatively small but vocal minority talking about 200K TC out…

For public companies with monthly vesting without a cliff (FB, Goog), TC is actually a good model for what the company deposits in your bank account at the end of the month. For private startups, it's obviously a less good measure both because you don't get the incremental liquidity over the course of the year and also because even when you get that big chunk of shares at the end of the year, it isn't liquid. An inte…