Major in Computer Science

Humblebrag on reddit disguised as a thread asking for financial advice:

Quote:

Originally Posted by Reddit Humblebrag Hi, I'm about to graduate with an engineering degree and was fortunate enough to land a software engineering job in NYC (I'll be 22 when I graduate). Because of my signing bonus ($75k lump sum), my total compensation for my first year will be about $215k, but thereafter should be about $140k+ annually, but some of this is in equity which starts vesting one year in (base salary + target performance bonuses ~= $115k annually). I play to live with my parents in NJ and commute to work until I pay off my loans. My employer will also feed me and pay for my phone and gym, so my biggest cost of living will be transportation (~$400 a month for public transport). This is what I roughly figure for the first year: 215k in gross income - ~60k in taxes - ~5k for transportation - ~7k traditional 401(k) contribution matched by employer Leaves 143k to pay off my loans (which have 9% interest). Am I being realistic? I recognize that, despite being $150k in debt, I'm in a relatively fortunate position, but I'm still feeling a bit overwhelmed, so any advice would be much appreciated!

http://ift.tt/1r7C5IZ

Major in Computer Science