How NOT to Determine Your Salary

How NOT to Determine Your Salary

Last week I was chatting with a rad young lady who is about to start her final semester of college. When the subject of careers and negotiation came up, I couldn’t contain my enthusiasm. (“Teaching young people how to negotiate their salaries” is what I write down on the religion line on surveys.)

I asked what salary range she was asking for, and she quickly answered: “$37,000.”

It struck me as an unusual number for two reasons:

  • First, it seemed mighty low. Many people live happy, stable lives on as much or less—but she was a high-achieving college student entering a STEM field in one of the ten most expensive American cities. I expected double or triple that amount.
  • Second, what’s with the non-round number? Usually when people talk about hypothetical large numbers, they do so in intervals of fives and tens. It’s why the JonBenét ransom note haunts us all to this day! (And by “us” I mean rubberneckers who were alive in the 90s and/or true crime nerds. Surely everyone belongs in one of those demographics.)

So I dug deeper. “Why that number?”

She explained that she sat down with a notebook and wrote down all the expenses she might have in a given month. “Rent, internet, groceries, student loans, car insurance… I added it all up, multiplied by twelve, and added 10% for savings. It came out to $36,200, so I rounded up just to be safe.”

My nurturing altruism joined forces with my baser capitalist instincts to manifest a camera to do a dolly zoom on my horrified face.

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The Fascinating Results of Our Job Hopping vs. Career Loyalty Poll

Guys, we Bitches can’t thank you enough for stepping up and volunteering your salary histories for our recent article on job hopping. If you haven’t read it yet, go check it out. And feel free to skip straight down to those juicy, delicious, nutritious comments.

We discovered some really interesting trends, and we’re going to break them down for you now!

Overall, commenters were big fans of a hybrid approach. Job hopping was universally endorsed as an essential move, regardless of career path, even by serial job monogamists. But occasionally stopping to rest once you’ve landed in a good position was also extremely popular.

Here are some of the factors that made people stay… and go.

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Job Hopping vs. Career Loyalty by the Numbers

Recently a little conversation sprang up on Twitter on the topic of changing jobs frequently as a strategy to increase your salary, i.e. job hopping. Respondents tended to fall into one of two camps on the subject.

One camp is the job hoppers. Desirae over at Half Banked had three jobs within her first five years out of school. Not to be outdone, Cameron at Save Splurge Deny Debt has had four career changes since graduation. Both gave a thumbs-up to the strategy.

The other camp is career loyalists. Included are Felicity at Fetching Financial Freedom and both Mrs. And Mr. Adventure Rich, who’ve held steady for six, five, and ten years respectively. As one user put it: “Lots of opportunities at my current job. For now, little reason to look elsewhere.”

This boggles my mind.

And kinda makes me want to do… this:

Slapslapslapslapslap.

I’m a hardcore job hopper, and there’s a perfect cliché to describe why: a bird in the hand is worth two in the bush. It doesn’t matter how many opportunities are available at your workplace if none of those opportunities are yours in writing.

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