Saturday, February 2, 2008

Income and how I got here

Yesterday I posted my net worth, but out of context, the number is worthless. My career is in chemistry, and my current salary for being a chemist is $49.6k yearly or about $23.87/hour. I am eligible for over-time pay. My salary is a result of my career advancement.

Here's a breakdown of my salary history:

Jun 2003: $13.50/hr ($28k/yearly) - first job post-graduation
Jan 2004: $15/hr ($31.2k/yearly) - moved to San Diego, accepted temp-to-hire position
May 2004: $17/hr ($35.3k/yearly) - converted to permanent position
Oct 2004: $17.85/hr ($37.1k/yearly) - promoted, 5% increase
Jan 2005: $18.77/hr ($39k/yearly) - effective 5.18% yearly increase
Jan 2006: $19.92/hr ($41.4k/yearly) - effective 6.08% yearly increase
Mar 2006: $20.58/hr ($42.8k/yearly) - 3% position adjustment to industry standards
Jun 2006: $22.64/hr ($47.1k/yearly) - promoted, 10% increase
Apr 2007: $23.87/hr ($49.6k/yearly) - effective 5.5% yearly increase

I did not include bonuses but will save that for another time. From January 2004 to present time, I have been working the same position in the same department, just with increasing responsibilities. I would like to move to another department or another position, but there hasn't been one available for me. I will always continue to look as I could advance my career and hopefully increase my salary in the process.

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