I was recently speaking with a few college friends and they have all doubled their entry salary whether it was staying at the same company or changing companies. Although my starting salary at EM was higher than theirs it seems that my friends have received more pay increases throughout the years and current salary is higher than mine. For those who stayed at the same company their current salary is more than double their entry salary. I am no where near double my starting salary. How long did it take you to double your starting salary at EM?
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Retired guy here...my salary went up 20x in 37 years. my first double took 4 years. For some of you that started at 100k per year...that means getting to 2M/year. That means getting to a VP level.
In 10 years I am up 2.5 times starting
Don’t use the past to predict the future. Good times are gone. This ship is sinking.
5% increment per CL increase (SG Chemicals), not sure what other sites practice.
Understand within CL pay range 70% from top to bottom - that would matter a lot more as you get more senior.
Median between CLs is 20-25% delta. This is not the promotion bump. Typically you are promoted when you are in the upper range of lower CL and you get close but lower to the middle of the upper CL.
Despite that being the ballpark delta between medians, you don’t actually move across in the way that you’re suggesting. It’s 5% for CL in addition to what you may have gotten on a merit basis. You do realize that even mediocre performers get promoted to the next CL at some point and it’s not coming with 14%
The CL median salary bump is 14.5%/CL. Add to that inflation, good luck with the math. LOL
I more than doubled my starting salary in 6.5 years but I had to switch company and I got an advanced degree while working. The new company took my years of experience into account plus my advanced degree so that helped get me a nice bump.
27 years for me as it continues like it has over the last 3 years
You will be PIPED before it happens. Unless of course your an a-s kissing, sunflower that manages upwards, rats on your peers and can gin out worthless PowerPoint presentations that supports every idea your manager has.
8 years?
3 years for MPT. If you have not doubled, please reflect on what is wrong with you.
About 10 yrs. 14 yrs in, 2.5x starting salary now
I quadrupled my salary within 10 years, since joining Exxon - fresh from University.
But I WAS a hi-po then. So caveat emptor!
Answer depends on country and organization and starting position.
For US, doubling the salary means 3 CL promotions without inflation adjustment and this takes different time on the average for a person hired straight after school vs. someone hired with an advanced degree. Of course the time is different for a HIPO and the “average” employee.
~10 years
10 years
3-4 years, if you can perform well.
9 years