I’ve never hired a software consultant, but most of the time when I hire a company or person to do contract work like roofing, gardening or similar they prefer to be paid by check. Sometimes they accept credit cards, but usually not when the bill is over a certain amount, due to the cut going to the card company.
Furthermore, “Direct Deposit” is basically a special term used for people getting their wages or salary paid to their bank account, as opposed to receiving it by check or cash. Other types of bank-to-bank transfers have different names, like “wire transfer” or “ACH transfer”.
Americans love overcomplicating things in general, and particularly love using overly specific and technical names for stuff. There’s acronyms everywhere, and things are named after weird technicalities. Like nobody says “retirement account”, they call it “401(k)”, named after the paragraph in the law which defines it.
You find stuff like that everywhere if you look. Some of their coins don’t even have a value printed on them, you just have to memorize how much they’re worth.
Americans love overcomplicating things in general, and particularly love using overly specific and technical names for stuff. There’s acronyms everywhere, and things are named after weird technicalities. Like nobody says “retirement account”, they call it “401(k)”, named after the paragraph in the law which defines it.
As a plus, I can greatly confuse and terrify an Irish person by telling them about the thousands I send “to the old IRA” every year. 😂
In Europe (maybe also elsewhere outside the US?) nearly all transactions are simply direct bank transactions. Occasionally facilitated through some app, but usually it’s just your own bank’s app. Nobody has used checks for decades, and the only reason we’re using credit cards is because the US keeps forcing them on us.
Exactly. When I was self employed, my monthly invoice was almost always in the 5 figures. From that you pay your VAT every quarter, save up for income taxes, pay all sorts of insurances, and what you’ve got left is a lot less, but the initial transfer looks very good.
I’m not really sure what your point is. If I bill my guy 8k for the hours I did last month he sends me 8k. I then personally have to buy my own insurance and do my quarterly taxes
Right, which would happen after the direct deposit, so your entire tangent about taxes and insurance seems irrelevant to the meme and conversation involving the amount in the meme.
Eh, that looks like typical take home for a staff level engineer in a big city.
Edit:
Assuming they get paid every two weeks, that’s an annual take home of $161,122. Depending on state taxes, insurance coverage, 401k contributions, dependents, etc, that’s a base salary of $200-250k. Which, yeah, that’s what I budget for a staff salary.
Heck, I’d be pulling more than that if I were a self-employed consultant rather than under a consulting firm, in our small city in northern Scandinavia.
Now I’m raking in a little below that, and I’m taking out like a third of it as actual salary and saving the rest, to avoid high taxes, and to to pay for a leased car, pension saving, extra insurance etc, before taxes. But after all that I’m probably saving $3k every month tax free, and maybe $1,5k in my bank account.
Engineering life is pretty okay. Still can’t afford a house yet though. Thanks boomers.
Key phrase is “big city”. I’m a staff and there’s a mid on my team that moved to Seattle. His cost of living adjustment when he moved allows him to make more than I do.
That’s not that outrageous as a higher-level IC in a big tech company in a big city. But if you’re that senior you’re not questioning why you became an engineer.
If you can add AI to your title somehow, that might even be midrange. I was talking to someone who has not been doing this long pushing pretty close to a half million dollar salary and then bonuses on top.
god dam where they getting that
If that’s monthly pay, that’s at or below average.
If that’s bi-weekly…fuck I need to up my engineering game.
Lockheed Martin
Lol they are not
Maybe that’s the monthly pay
Yeah that’s a very big monthly pay
$150,000/yr (yes big, less than median for software engineers in the US) is $2k/week, $8k/month
8k/month is 96k/year. Just multiply by 12
How dare you question his math?! He gets paid 96k /150k for that!
They said the US. Ao mathing is hard.
If do contract work that’s not even that much
True, then insurance and no time off or other benefits would suck.
Accurate. Source: 20 years solo.
It’s only “no time off” if that’s what you want. It’s time off whenever you want (and sometimes when you don’t want).
Contract work is rarely direct deposit, though?
US banking is weird. How would it be paid instead?
I’ve never hired a software consultant, but most of the time when I hire a company or person to do contract work like roofing, gardening or similar they prefer to be paid by check. Sometimes they accept credit cards, but usually not when the bill is over a certain amount, due to the cut going to the card company.
Furthermore, “Direct Deposit” is basically a special term used for people getting their wages or salary paid to their bank account, as opposed to receiving it by check or cash. Other types of bank-to-bank transfers have different names, like “wire transfer” or “ACH transfer”.
Americans love overcomplicating things in general, and particularly love using overly specific and technical names for stuff. There’s acronyms everywhere, and things are named after weird technicalities. Like nobody says “retirement account”, they call it “401(k)”, named after the paragraph in the law which defines it.
You find stuff like that everywhere if you look. Some of their coins don’t even have a value printed on them, you just have to memorize how much they’re worth.
As a plus, I can greatly confuse and terrify an Irish person by telling them about the thousands I send “to the old IRA” every year. 😂
Plus they are not even logically ordered by size or anything.
In Europe (maybe also elsewhere outside the US?) nearly all transactions are simply direct bank transactions. Occasionally facilitated through some app, but usually it’s just your own bank’s app. Nobody has used checks for decades, and the only reason we’re using credit cards is because the US keeps forcing them on us.
Depends on how you do ur billing but yeah it varies
A month!? I know it’s regional but that’s low for a monthly deposit for a contractor!
You’re not accounting for taxes and insurance. You lose way more to both as a self employed individual (at least here in the states)
If you’re a self employed contractor, you’re taking taxes and insurance out yourself, not from what you’d be paid.
Exactly. When I was self employed, my monthly invoice was almost always in the 5 figures. From that you pay your VAT every quarter, save up for income taxes, pay all sorts of insurances, and what you’ve got left is a lot less, but the initial transfer looks very good.
I’m not really sure what your point is. If I bill my guy 8k for the hours I did last month he sends me 8k. I then personally have to buy my own insurance and do my quarterly taxes
Right, which would happen after the direct deposit, so your entire tangent about taxes and insurance seems irrelevant to the meme and conversation involving the amount in the meme.
Reread the thread mate. If you already know that contractos charge more then you shouldn’t be this confused
Nah, that’s a normal paycheck for a medium level engineer in any American big city.
Nay, daily.
Eh, that looks like typical take home for a staff level engineer in a big city.
Edit: Assuming they get paid every two weeks, that’s an annual take home of $161,122. Depending on state taxes, insurance coverage, 401k contributions, dependents, etc, that’s a base salary of $200-250k. Which, yeah, that’s what I budget for a staff salary.
Monthly it’s about what I’d expect for a low-medium experience engineer. But I’m an industrial engineer not software.
I think for a SF based company 200 - 250k salary is typical for even a senior engineer.
Heck, I’d be pulling more than that if I were a self-employed consultant rather than under a consulting firm, in our small city in northern Scandinavia.
Now I’m raking in a little below that, and I’m taking out like a third of it as actual salary and saving the rest, to avoid high taxes, and to to pay for a leased car, pension saving, extra insurance etc, before taxes. But after all that I’m probably saving $3k every month tax free, and maybe $1,5k in my bank account.
Engineering life is pretty okay. Still can’t afford a house yet though. Thanks boomers.
Key phrase is “big city”. I’m a staff and there’s a mid on my team that moved to Seattle. His cost of living adjustment when he moved allows him to make more than I do.
That’s not that outrageous as a higher-level IC in a big tech company in a big city. But if you’re that senior you’re not questioning why you became an engineer.
There’s a reason the typical dev career pipeline ends at farmer. People get tired of all the bs and leave never to be seen again.
What is a farmer as a dev?
Literal farmer. In the dirt.
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I mean, you definitely do. I know numerous people that dropped the field entirely (including me) even though the pay is ridiculous.
I also left, the industry is toxic right now. Circus for me
Already farming?
Woodworking, close enough?
I approve of this.
Same ballpark yeah
Sometimes it is just a really intense garden.
Mechanical Engineer (union) with 20 years experience, slightly underpaid at $76.33/hr in (just north of the) Seattle area.
It doesn’t say it’s salary. A lot of companies pay out bonuses right around now.
That’s on the high end, but not so high it’s uncommon, for a salary paid biweekly to a senior engineer.
I know, and I mentioned that in another thread. The first panel in the comic was giving junior engineer vibes, though.
California. It goes with high cost of living.
After taxes that’s like 300k salary.
Closer to $200-$250K depending on how much you withhold for 401k.
If you can add AI to your title somehow, that might even be midrange. I was talking to someone who has not been doing this long pushing pretty close to a half million dollar salary and then bonuses on top.