Making $80,000 per Year Right Out of College 

Hey I am just wondering how long you are paying students debt.

Btw this is a really informative video so thank you very much. I was looking on how much I can afford and how much I can give to my mom because she is planning to retire in 10 years but I’m not sure if she has enough money so I thought that I can help if she can’t pay everything.

Thanks Alex! My debt will be paid off in ten years at the latest, but I hope to get that paid off sooner.

I'm not the best at geometry,and Wondering if u could help me

MajorPrep good video man keep it up💯i really was wondering what could i adfored as an engineer plus student loans💯🤘👌

Gabriel Ramirez accurate statement!

Or Bay Area. There's no point in making 80k-90k a year if you can't afford to live there. Quality of life sucks, you'll be in an apartment easily paying $3,000, and cost of living is through the roof. How are you supposed to save? How is that fun?

@@tommyv4980 That's why everyone is trying to run out of Cali. I know alot of people that left Cali for Nevada

@@GUURL101 Thats the thing, I also think people are over reacting, it's still a beautiful state. There are other places you can live in such as Sacramento, and it's neighboring cities. I bet in LA County has some more affordable places if you go a little bit further out.

So true, he was paying more to rent a studio apartment than I am on my mortgage.

He also forgot medical expenses. Not everyone is a healthy human being.

Zeek Shepsky What engineering did you take?

Crywolf MC electrical

Zeek Shepsky Health insurance..

Rayal it comes out the paychecks and business gives us cards

MajorPrep Thank you for helping over 50000 student decide what they're going to do for a living.

Hopefully it won't take long to 100k. Keep up with the good work bro

Cant wait man! Congrats on getting this far!

Congratulations man! This is my favourite channel on RU-vid. Your vids are so detailed and well prepared. Thank you for your hard work.

MajorPrep thank you for the insight in my possible career path

stress from what? school or work?

This is gold 😂😂😂😂

oldcowbb someone’s a materials engineer 😉 (me too)

Keep pushing through it man you got it!

This is Awesome 😂😂

Tea party

It gets even worse the more you make.

@Hdye Hdhde You get free showings of overhead fighter jet flights!

@Hdye Hdhde You also get Nuclear bombs, which are managed by incompetent and usually drunk officers.

eu en The difference is you guys have the greatest worker rights, benefits, safety net, and overall living standards IN THE WORLD. Compared to Germany, America is a Third-World Country wearing a Gucci belt.

+Kosi Onyeka thank you! And yes I will. Actually I got a video detailing my first internship coming out in a few weeks.

MajorPrep excited!

Caleb Willis apply for grants and scholarships. And try to land an internship or a coop and you’ll come out with significantly fewer years of being in debt

Did you graduate?

hows life brother?

andrew7720 interesting to see that EU workers get to know their salaries after expenses. But in the US, there are too many rules and exceptions and different expenses that it would not make any sense to give workers their salaries after expenses.

Im a Computer Engineering student in Greece, and over the last few year I regularly search for job listings all across the EU. And I have yet to see a salary offer that its not what you actually get in your hands. I think its just because in all EU countries, pension funds and state owned and run, and so the employee has nothing to do with it, its all on the shoulders on the employeer to cove the costs. For example, if you employeer does not pay to the state the € required to cover your healthcare, the trouble its on him. But if you need medical assistance, you are still covered. As for the retirement funds, again the are paid by the employeer before you get your money. In most countries, they are pre-paid a few months before. And all these coverages are universal across all member states. Lets say you work in one country and you want to retire to another. You can totally do that. Or you are in a trip on another member state and you need medical assistance. It will be provided for free all almost free. The main differences are salary sizes across states. A 2000€/month salary that might seem average in Germany or France is very poor for Norway and very rich in Greece. And not all living expenses follow that. Many prices at many products and services are almost the same for all the EU. For example, fuel is everywhere ~1,5-1,7€/L for 95OCT. And good luck if you rent / own any king of house or have any king of car without a permanent salary, as the fines for them will pile up quickly. At least healthcare, education and utilities are free and/or cheap.

yeah like ukraine and poland. if I saved a million dollars I would live like a *_KING!!!_* ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-99fX-fGGn9I.html

Kimchi Koalaa because this is starting engineering pay. What you may be thinking about is the typical pay for a more experienced engineer which is around $120k. They’re obviously able to save much more, but the saving part doesn’t matter really at all, it’s just how much people spend that make them look wealthy or not. He was living in a studio apartment and going to restaurants most of the time which is a fairly lavish lifestyle for someone just getting out of college. Everyone else probably has lower expenses because they’ll have lower amount of rent, pay less in taxes, and choose to have lower expenses elsewhere to fit their budget. In the end, so long as you’re saving in your Roth IRA or other 401k/mutual fund, you can spend all the rest of the money you make, you don’t need to put anything into saving except have about 6 months of expenses put away in case something happens where you no longer have work. So don’t look at how much he’s saving, look at how much he’s spending and how much he could spend, it’s quite a lot for someone fresh out of college

The asian side of me really makes me think a lot about savings instead of spendings. Good insights though

The median HOUSEHOLD (note NOT individual) income is about 52,000/yr. He is earning well above the average person. The average person in America is getting boned and can't save

And the average is more than most people win, since just a few win a lot and a lot win a few.

California taxes

You got it! Thanks for the comment :)

Terrell Stewart me too

Terrell Stewart wow that’s ironic bc I wanted to move to Cali after graduation (Texas tech)

Yeah but the salary is higher here so you probably get the same effect even when you factor in cost of living.

Come to Georgia. The cost of living is very low, taxes are low, yet Atlanta still has tons of high paying jobs in the STEM fields

@@faithyayi from Texas tech too, moved from California, cause Scholarships, although if I had money, would have honestly stayed over there

Ali Lawal I wouldn't complain if he lived in a country with universal healthcare, but that tax is pretty high. Well, we need to keep those roads paved and those schools funded. Btw, you do get to save some money from taxes from deductions and tax returns.

Taxation is theft

david plotnik Taxation is contributing to society. Problem is, the us government spends a lot of it in the military, instead of better public education and universal healthcare.

Ama-gi Contributing to society is donating to charity and working. Taxation is coercive.

A contribution is when it is voluntary!

Thank you!

honestly fact

'-'

This is the shit they need to be teaching in school!

*have (that’s a very stupid mistake)

Seems like they should **have** taught you grammar first

Sam Broadbent great choice! Can never go wrong with mech engineering

Thanks for the comment!

No worries, enjoying the videos a lot, they're super crisp and informative. Cheers!

Thanks for the comment! And I went to Cal Poly San Luis Obispo :)

@@zachstar how expensive was it ?

Yeah at least from what I've seen in the U.S. many engineering majors don't need to take that licensing test, they can just get a bachelor's and go into the work force. One of the exceptions to that I know of is civil engineering. They all pretty much have to take the F.E. (fundamentals of engineering exam), and then later in their career they take a test to become a P.E. (professional engineer). I found an article that also said chemical, environmental, architectural, and mechanical engineers are encouraged/required to take it but I can't say much from experience. As an EE I was not required to take it and I personally didn't know anyone in my major who did.

MajorPrep Oh I see. Yea I want to go to college for Civil Engineering soon and was just wondering if all engineers had to take it. Thank you for such a quick and informative reply. Keep up the good work with your videos!

You must take it in Canada after a certain amount of hours working

I'd never pay that much for a phone bill. I pay $15 AUD/month, and that gives me unlimited texts, and more data and calling than I could ever use.

Same, I paid 2,5k for mine

Not sure if that's a good thing but I'll still say thank you haha.

And it loves you :)

Thank you! And I made an entire video on the specifics of that job. Here's the link. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-0BS2TMLPyGw.html There's also one about my internship if you just search it on the channel.

Cristian Luna Not if you go to Texas. ☝ High salaries comparable to NY and Cali, but without any of the pervasive taxes. I recommend taking a look.

@@rayxr I second Texas. AZ has low cost of living too but landing a high salary is hard.

Thanks man!

Lol

How are you doing right now?

In Russia we have 10k/year salary btw

Thanks man! Really glad you liked it.

Welcome to india 🇮🇳 Bro

Why nobody cares about this comment

Whyyyy

Im sorry, but if you were borned Indian, you have are very unlucky to start with...

@@fromhl7619 You could say the same thing about America if you compare it to Canada or the Nordic countries.

Electrical

which get paid more? arent EE some of the higher paid ones?

TrollinGod if you like it, then you should certainly look into it. Here’s a short article you can read www.raise.me/careers/architecture-and-engineering/civil-engineers/structural-engineers

+Berkay Ünlü lol you're right, no clue why I missed that. Should be the 3705 from above, but the savings and all that is still correct.

California has about 11% state tax right now I believe.

Come over here

And in my country you could have 250 USD if you're lucky enough or in most case no job

Just converting the currency doesn't tell the whole story, you have to consider cost of living and the cost of getting a degree. In the US getting an engineering degree is far far more expensive that in other countries, hence the salary has to be high to compensate. I would say there are more job opportunities in the US but your expenses will be drastically higher.

mrbam88 there is a reason why the richest counties are in the D.C area. Bureaucrats are committing theft with taxes. This is why I will always be for limited government.

And here goes Trump as he recently raised the military budget close to $630 billion annually.

Drone, guess you’d rather us be beat out by Russia. Now on the other hand how are all the politicians net worths in the millions off of a less than 200k salary?

That's awesome! Hope the video helped you then.

Diecast Cars can never go wrong with mechanical!

God bless u ❤ i wish to u the best !

Do you work in the utilities industry?

Will Tirad isn’t 40 a little too young. What will you do for the rest of your life

You seem like a complete douchebag honestly.

Ok boy💪

Bachelor's and yes it can make the starting salary differ. My boss told me they encourage people to get a master's and if you do you come back to a pay raise. And I did not take the F.E. exam. As an EE I realized I didn't really need to.

I’m also an EE student and your videos are very helpful. Maybe you can make a video about the difference between a M.Eng and MS. EE and were those degrees can take you. Also would you’re company have Stipend you some how if you went to grad school or would you have to pay on your own?

+Karandeep Singh cal poly slo!

Good for you. I heard that many companies are more likely to recruit students from cal poly instead of UCs (exclude UCB&UCLA). Wonder do you think this is true?

Good for you. I heard that many companies are more likely to recruit students from cal poly instead of UCs (exclude UCB&UCLA). Wonder do you think this is true?

I heard that a lot to and the reason people say that is because Cal Poly basically has a lab for every engineering class and you do a lot of hands on work plus get a lot of exposure to equipment used in industry. I can't say that it's definitely better to go there than lots of UC's, plus coming from Cal Poly people is probably pretty biased, but I definitely did hear that many times.

@@zachstar I am going to Cal Poly Pomona rn majoring in Civil Engineering. I will be interning for Edison this summer. Any advice? Also how was your senior projet experience?

Well kind of, in Switzerland the tax is roughly one monthly salary as a rule of thumb. And this is just the taxes itself, there are other expenses that add up, but it's never as bad as 30% as shown in this video. On the other hand, everything else is expensive af.

@Ken MacDonald Sure

Americans tell themselves they have the best education and health care in the world. Certainly they spend more, but their health outcomes are poor (even infant mortality) and their free schooling to age 18 gets them to the level other countries reach by 16.

Sloth TheGammer , then again not every one who goes into the army makes it back alive. I'm not willing to take the chance

Most people do, though. In fact, the worst part of the military is actually called "death by powerpoint." Real vets have nightmares about that shit.

@@lilliampumpernickle4655 Our perception of risk varies. I used to live 50 miles from work, and spent half of my commuting time driving at 70 mph. Some of my colleagues thought I was dicing with death every day (even the guy who rode a motorbike). I never saw it that way.

@@lilliampumpernickle4655 a lot of people do, just don't join the infantry

Awesome! Hope you get in!

Very late but medicare and social security add like 10% so that's probably why the effective tax rate was so much higher than you calculated

Located in los ángeles.

Once u get a job see how much taxes u gojn to pay. Thats why college is cheap there

@@hacker-7214 im willing to pay money to see my country be well educated

GxthamSk yeah and in America you still pay a lot of taxes and get nothing lol. Atleast the people in his country are seeing the return on it while Americans have ridiculously expensive college, ridiculously expensive healthcare and basically if you leave your job you best hope you don’t get injured or ill otherwise you will spend your lifetime paying it off.

California used to have free university education for its citizens: Governor Reagan put an end to that.

Faithless Hound mostly since the university students did not share the same values as the people who voted him in, so there’s a bit of blame to pass around to other voters.

But it's just 2 years of hell, but really yes, if anyone want's to get into engineering only for money then no, don't get trough those hell years :)

Money is nice, but it would not be the main reason. I really just want to understand things better (or at least try to) because for so long I was ignorant about so many things when it came to science.

Calculus isn't that bad. Given that they study right, I'm convinced anyone could do it.

Calculus is easy compared to actual engineering classes

Djordje Trampa a Bachelor takes 3 to 3 1/2 years in Germany IF you pass every exam at the first try. This is a bachelor there is also the Master degree which roughly takes another 1 1/2 to 2 years depending on your college. So if you pass that as well you have a master degree after 4 1/2 to 5 1/2 years of studying. BUT WAIT there is more! If you want the Master Business Master (MBM) degree which basically is the highest possible engineering degree here you need to go to university for another year so you’re completely done after possibly 6 1/2 years and that takes into consideration that you need to pass all the exams first try. Some people take around 4-5 years to get the bachelor degree so yea there’s a reason why engineers earn shit ton of money and for working an average of 80 hours a week that’s a pretty low income if you ask me. (German btw so our system may or may not apply to your countries education)

Frank Einstein he's electrical, and has more details in another one of his videos.

Ah ok, thank you!

Also how old is he

At the time of writing this I'm 24 years old but I turn 25 tomorrow :)

Wow, I'm 24 too!

Tough

electrical engineering

How much do they take out in taxes

@@carlocatalanvisuals144 texas doesn't have state income taxes, but they do have high property taxes

Amateur Gamer increase your income instead!

That sounds like a dream man lol

Go into real estate