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| View Poll Results: As a new M3 buyer, my annual income is... | |||
| sub $50,000 |
   
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33 | 9.68% |
| $50-65k |
  
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25 | 7.33% |
| $65-80k |
  
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35 | 10.26% |
| $80-90k |
  
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16 | 4.69% |
| $90-110k |
  
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29 | 8.50% |
| $110-150k |
  
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49 | 14.37% |
| more than $150k |
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154 | 45.16% |
| Voters: 341. You may not vote on this poll | |||
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| 02-09-2008, 12:57 AM | #133 | |
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| 02-09-2008, 01:02 AM | #134 | |
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I have yet to see a very accurate timing model - some good ones, sure, so one can use those to tilt. I suspect there's a few here earning north of $500k. Yeah, and not worth as much as it used to, the USD will come back vs the EUR ...
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Just thinking of something not so witty ///M3 E92 '09 Jerez Black | 6MT | Ext Fox Red | Tech | Prem | 19s |Heated Seats | iPod |Smartphone | Euro Deliv June 09 Sold: 540iT / 530i / 323i Last edited by Voltigeur; 02-09-2008 at 01:43 AM.. |
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| 02-09-2008, 01:04 AM | #135 | |
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| 02-09-2008, 01:12 AM | #136 | |
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(1) WHERE did the person get the MBA? is critical (2) WHAT will the MBA be doing (private eq or local biz intern?) JD The firm or other avenue is key. (3) I know a few JDs who don't make $150k after 5+ years post-degree MD? (4) again, from where (uni) and where are they headed & to what specialization? The data on income show that professional grads above $150k are a minority unless they can fall into some special categories (e.g. top law firm, IB, medical specialization etc) + excellent ed quals - on average. There are always outliers, and geography plays a part in the equation.
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Just thinking of something not so witty ///M3 E92 '09 Jerez Black | 6MT | Ext Fox Red | Tech | Prem | 19s |Heated Seats | iPod |Smartphone | Euro Deliv June 09 Sold: 540iT / 530i / 323i Last edited by Voltigeur; 02-09-2008 at 01:58 AM.. |
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| 02-09-2008, 01:27 AM | #137 | |
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You're not incorrect in assessing that a large national debt, ceteris paribus, is ONE factor affecting the dollar [USD] - but that's a more long-run effect. Over the short-run it's more about relative interest rate spreads + speculative demand (e.g. going long the 'loonie' [Canadian $, CAD] because the trader likes the 'spread, the commodities' markets and trade balance.) There's some good reasons why the USD could rally. One of which is that while the USD is cheap, our assets look cheap, and attract significant capital inflows that actually support the USD (sovereign wealth funds for e.g.) Versus Asia? No, we will see a weaker USD. I think I got waaayyyy OT! 
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| 02-09-2008, 01:50 AM | #138 | |
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And there's the area of software engineering, incl. the web (GOOG et al) Currently Alternative Energy start-ups are hot, so grad sciences/engineering degrees geared to that space Really, the list is massive ...
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| 02-09-2008, 02:05 AM | #139 | |
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Graduate from med school, not great money Graduate from residency, you earn anywhere from OK to great money, but few doctors earn "fuck you" money in the truest meaning of the phrase. Thus, graduating from residency is a different story. I should have given you a few more words to go by. Free hospital food is overrated. Free time is underrated. |
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| 02-09-2008, 08:35 AM | #140 | |
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| 02-09-2008, 09:51 AM | #141 | |
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My buddy is in his second year of private practice. He is a cardio-thoracic surgeon and stint specialist. I assume he makes 'phuk you' money. His annual medical malpractice insurance is around 225k so the FU money is a relative concept. Art, what is it about you being so concerned about correcting and/or inferring that those that claim 100k+/annual are full of it? Does everyone have to fit into your model? Statistically speaking, I would imagine that most M3 forum folks are in the upper brackets. Sadly, our combined income in excess of 100k makes the bills only. House/mortgage in the right school district eats a vast portion of our take home. Welcome to being an adult. I live vicariously through you all. Best,Jon |
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| 02-09-2008, 10:23 AM | #142 | |
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>100k is <3% (?) of the population... here it's ~70% I find that 'odd', so what? people always 'exagerate', for what reasons I can only surmise... |
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| 02-09-2008, 10:37 AM | #143 | |
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| 02-09-2008, 11:16 AM | #144 | |
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I agree...polls like this give the young unrealistic expectations, and leave them disappointed... I'm the sr partner in a 40 person consutling engineering firm... I have guys with BS degrees and 5 yrs experience on the payroll for 50-55k and there is NO shortage of people looking for those jobs... granted, I live in a cola area of 93 on an avg index of 100, but still... we hire guys right out of school ~40-45k... our sr guys >20 yrs are making 70-80k or so... and I'm talking major schools with quality programs, not second rate: PSU, WVU and Pitt... as a partner/owner (3 of us), I do better...with 20+ years of experience and licensing in multiple states I earn ~160, give or take depending on profit margin...we could make more, but we choose to enjoy ourselves and share with the employees my wife works part time (20 hrs/wk) due to a medical condition, a CPA, BS degree, 20 yrs experience...$24/hr...50k/yr if full time Last edited by ArtPE; 02-09-2008 at 12:55 PM.. |
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| 02-09-2008, 12:52 PM | #145 | |
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| 02-09-2008, 12:55 PM | #146 | |
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So, I am really talking exceptions and not the rule. ie. on software side gifted engineers who got into GOOG for e.g. Finance has a relatively large sub-set that do: if you come from a top grad program (Chicago, Wharton et al) and have quant and/or other specialized skills and get into the world of hedge funds, pvt equity, LBOs. This last point is important to the argument: this is a smaller grp of a relatively small grad cohort. I was at a dinner recently in NY and the table was full of young hedge fund mgrs/traders/analysts from Stamford CT and they were making far more than 150k (2x+, yes, they are crass enough to talk annual bonuses as it's bonus time) and right out of the gate in 2 cases. One ~ 30 y.o. guy had an e60 M5 as daily driver and a 430 on order .. (bastard  )To take the other side: my wife has 2 Masters' and a PhD in History from a very good Canadian uni + 14 years' academic experience and she's only making in the 50s - who says life is just?
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Just thinking of something not so witty ///M3 E92 '09 Jerez Black | 6MT | Ext Fox Red | Tech | Prem | 19s |Heated Seats | iPod |Smartphone | Euro Deliv June 09 Sold: 540iT / 530i / 323i Last edited by Voltigeur; 02-09-2008 at 01:14 PM.. |
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| 02-09-2008, 12:58 PM | #147 | |
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and we monitor their usage, no internet...only on one centrally located machine... http://www.collegejournal.com/salary...gineering.html Engineers with bachelor's degrees and less than a year of experience earn a median annual income of $43,530, according to a 2005 survey by the National Society of Professional Engineers. Bachelor's degree graduates with one to two years of experience earn a median $46,000 a year. we hire civils mostly... http://engr.oregonstate.edu/students/jobs.html 43k we get the best, we pay more than most and have good benefits... income has become stagnent, actually decreasing or flat since 2000... a more recent one: http://www.doe.mtu.edu/news/degree_worth.html civil avg 46k around here it's good money, we have a stack of resumes...the cost of living is low...a nice house can be had for 100-150k, a great one for 250k |
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| 02-09-2008, 01:09 PM | #148 | |
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Don't you think it is kind of contradicting to say you hire people in whom you trust, but you don't allow them to have internet in their cubes? I have never heard of this before. You are hiring professionals, so why not treat them like one? If the job gets done, there is no reason why people couldn't check their yahoo email or surf m3post for 20 min during their lunch. |
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| 02-09-2008, 01:12 PM | #149 | |
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trust in family is implicit, although may not be warranted... trust in employees is earned, respect is implicit...this is a business contract, not a relationship after a while we turn access on... it's my dime, my rules... they are on probation for 3 months... and we don't consider them professionals until they are licensed, which takes 4 to 10 years usually... until then, they are 'in training', after they graduate and pass the first test... we all know how much time can be wasted on the internet during the work day, myself included, that's why I did it... no one seemed to complain when we handed out bonues avg 5k for those guys... we have very low turnover... |
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| 02-09-2008, 01:15 PM | #150 | |
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I'm a Sr. Software Systems Engineer in California and make double of what that civil avg was that you listed. But being in California doesn't make it easy for house pricing. I WISH a great house out here would cost 250k. but realistically its a decent 1bed condo for that price. A great house 1 mil+.
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| 02-09-2008, 01:18 PM | #151 | |
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yes it is... it's not how much you make, it's what you do with it... it's a lifestyle choice and all about priorities |
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| 02-09-2008, 01:24 PM | #152 | |
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Here's the federal deficit as % / GDP [myriad ways to define a deficit!] - but one can see we had a lot less debt around the time of the severe inflationary and recessionary period in the early 1980s. Bottom line: low federal debt / GDP does not equate to good or bad economic periods. It's more complex than that... but then we'd be delving into deeper economic philosophy and debate than I want to conduct in my spare time  Source: NDR, CBO
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Just thinking of something not so witty ///M3 E92 '09 Jerez Black | 6MT | Ext Fox Red | Tech | Prem | 19s |Heated Seats | iPod |Smartphone | Euro Deliv June 09 Sold: 540iT / 530i / 323i Last edited by Voltigeur; 02-09-2008 at 04:44 PM.. Reason: added chart |
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| 02-09-2008, 01:38 PM | #153 | |
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depends on what is was used for: needless war, bad overblown defense budget (>1/2 of the discretionary spending), bad tax cuts for the wealthiest, bad healthcare, good edecation,good infrastructure, good and even these are open to debate...they are all opinions, not facts, and can never be proven/validated one thing for sure, the bill will become due some day |
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| 02-09-2008, 03:02 PM | #154 | |
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