Thoughts/ideas request: given someone of average ability level and a generalist undergrad education, what would be the optimal pathway to maximise earnings over a 10-year horizon? Maximise for earnings - no attention paid to fit, job satisfaction, morality, or anything else.
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If you're swinging for the fences, it is to become a technology startup founder, get into YC, and build the biggest software-enabled business possible. The tail end of the distribution is denominated in billions of dollars. (Which may not be entirely liquid in 10 years, but.)
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I think the first tweet is probably doable by someone of average ability level contingent on one's reference set for "average" being "bright mostly healthy go-getters in the American middle class." Not entirely obvious average is good enough for second plan.
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What's a plausible annual salary by year 10 in that scenario?
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Depends on a variety of factors. For one year comp (base, bonus, one year of RSU vesting), I'd expect somewhere between $300k and $800k. Many people think I'm joking about that $800k number and I really, really am not.
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That one carries significant risk of dying or being maimed in an accident before you can enjoy the money
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Conventional wisdom is "Johnny can't program" even when self selected. And I thought the vast majority of devs couldn't get into FANG. With a masters in CS and 10 years experience, I don't think I could get in. Combined together this seems like unrealistic advice. Am I confused?
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I would say the best path is work for one the FAANG's for a few years and leverage the brand name of the company to hop to a trading firm or a hedge fund.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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That works only in the US though. If the 10 years don’t include university, then law/medical gives higher pay on average, and that seems more pervasive across the world.
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A bit old but https://archive.nytimes.com/www.nytimes.com/packages/html/newsgraphics/2012/0115-one-percent-occupations/index.html?hp … shows the proportion of people within occupation making it in the 1 %, and physicians are particularly well represented there, and that’s true in Europe as well
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