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<p>And I think that is tenuous because after the first couple years it depends on the person, the industry and the company and an ability to not only receive pay increases but to expand and grow responsibilities to “jump” salary bands. </p>
<p>But I did think the comment about starting salaries vs. cost of schooling interesting and a great illustration of just how fast college costs have escalated. My first job out of college with a BA paid double the cost of room, board and tuition for my senior year and my father was upset because it was less than is administrative assistant (called secretaries back then) earned with no college degree. But my salary doubled every couple years for the first 6 years. Now my son is in a job that is about equal to the cost of his last year of college room, board, fees & tuition. This scenario feels more the norm in today’s world. With the single digit salary increases and merit pay bumps these days it would be very difficult to double your salary every two years for six years.</p>