Today marks six months since I took my new job. I wouldn't say the time has flied by but I'm happy nontheless to reach this milestone, especially since it comes with a pay increase!
When I first got the job they told me my new salary would be $47,500 but that statement turned out to be slightly off. My starting salary was $47,000, which was $3400 more than I was making when I left my old job. Now with a 3% cost-of-living increase, my salary is $48,410. Overall this represents an increase of $6,410 more than I was making when I started my old job in May of 2008 and $9,077 more than when I started my first job after law school in September of 2006.
And luckily due to the way things work in my position, my salary will continue to rise in the years to come. After I have been here for two years (18 months to go!) I will earn around $55,000. I can't wait until my salary is more than $50,000. Even though it's close now, being in the 50's just seems like a lot more money than the 40's. Do you know what I mean?
It feels great to be in a job where I have some security with (almost) guaranteed pay increases on the horizon.
Thanks to the handy calculators at Paycheck City, I was able to figure out that this raise amounts to about $30 more per paycheck. Sure that seems like a small amount, but it also means I will be contributing $100 more per year to my 457 retirement plan.