You guessed it. Your salary and years of experience are also related. The more work experience you have (especially in your industry) the higher ascension your salary will take. Experience counts and companies are willing to pay for it.
Age and Experience
The older you get, the more money you make for the most part. When you hit 50, however, things start to change. You may be considered 'expensive' by the company you've been with for 25 years. Or you may realize that you're working harder than you want to and want to switch careers. Things happen that can change your salary potential based on your work experience.
Salary Scenario Planning
It's time for you to know those scenarios up front. Sure if you're young, you have so many options, the world is open to you. But once you're in your 40s and making serious money, then it's time to start planning what to do after a while. We're not being cynical as much as realistic. We all know people who have been forced into early retirement for financial reasons. It's just good to stay on top of things.
If you're young, it's cool to see what others are doing with backgrounds like yours. What about people with a BS and and a JD? What types of jobs do they have and how much money have they made over time? Should I get my JD after engineering school? These are questions that can be answered through a few resources.
The Best Resource
Our favorite of those resources, of course, is Springraise.com. You can find people with backgrounds similar to yours and see how their careers have progressed. You can contact them and ask how they made their key decisions like graduate school or industry choice. You can't do that anywhere else on the internet.
And if you're trying to figure out what to do next with your career in that 40s age range? Springraise can help you there, too. Just fill out your profile and the system will match you with people just like you. Connect with them and see what their options are. You'll be glad you did. Springraise is free to join, so check it out!
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