Yo if you are doing COBOL systems maintenance for 90k you arent charging enough.
That’s all this meme means. Consultants on COBOL maintenance can make 90k in a week. This is not the area where companies pinch pennies.
A lot of banks have bootcamps where they pick up unemployed people who might not have ever had tech experience in their life. They teach them COBOL and mainframe basics in a few months, and, if they do well, give them a shitty $60k annual job.
Source: know someone who went to one of these bootcamps and now works for a major us bank.
So you’re saying you can get free training then just leave for a real paying company eh
I imagine they have some absurd contract that says they can’t leave for 89 years or whatever
My experience with Fintech and the financial sector is that they don’t care about how much, they only care about how fast.
Something that maybe a software engineer union could solve.
Something that a union would definitely solve. What are the banks gonna do? Fire every veteran and hire a team of underpaid newbs to manage their critical systems? If they were dumb enough to do that, let them save themselves millions a year by facing billions in losses… I’m sure that’ll work out well.
If only there was one, I wish I had one just so I wouldn’t have to do all the fucking social hoops just to get my resume noticed by an actual human before the HR’s “I don’t want to do my job!” machines filter me out for not going to an Ivy League School like apparently everyone else did.
The thing is, this type of job never needed a union previously. It was niche enough for a long time, that you were sought out and rewarded well. But yes, I think we’re moving into an era where we do need union representation.
Oddly enough, with my experience I am sought out still. Just for bizarre startups who clearly never checked my previous work history. Some of the messages I get on Linkedin for example are just weird requests.
Nah, they’re going to “solve” it by paying web developers less, not paying cobol developers more
Yes, workers unions are famous for fighting to lower the wages of the workers they represent. Very much. Indeed.
I think the problem is that unions are famous for fighting for equal pay across the board for the workers they represent regardless of individual competency or market demand. For this example they’ll give COBOL developers a raise to 120K and give web developers a pay cut to 120K.
Or best case scenario they give the COBOL developers a short-term raise to 150, then raises across the industry stagnate in coming years to offset the fact that employers feel like they’re overpaying for some people. But sure, a few years later the union can come in to look like a hero arguing for a fraction of the raise the web devs could have already gotten.
Cobol devs that we had (while we spent insane money to retire their systems) we’re getting 300-500k/year.
I’m sure companies are trying to rip off any young new entrants but 90k seems super low.
Yep I know a COBOL programmer and she drives a nice-ass Mercedes SUV and owns 2 houses. Making way more than I do.
90k sounds pretty standard for inexperienced (although maybe not first job) devs in general for most markets. Throw in factors like experience or skills in low supply and that changes pretty fast.
I know that COBOL isn’t going away anytime soon, but most companies have seen the writing on the wall for a long time. Anywhere that COBOL can be replaced with something more modern, it’s already underway. Some places even have a surplus of COBOL devs because of it. But there are countless places where it can’t be replaced, at least not reasonably.
The only way a COBOL dev is making $90k after 5 years is if there are very specific fringe benefits that make them not want to move along, or they are extremely naive about the market.
Anywhere that COBOL can be replaced with something more modern, it’s already underw
Rewrites are extremely risky though, and some companies don’t want to risk it. That COBOL code probably has 40 years worth of bug fixes and patches for every possible edge/corner case. A rewrite essentially restarts everything from scratch.
Do you know of a decent sized company that successfully migrated away from COBOL? I’d be interested in reading a whitepaper about how they did it, if such a thing exists.
That’s because the COBOL OGs are retired/ing and the industry has been training young people telling them “yeah, sorry, this is all we can pay you”. Here in Europe, they’ll take unemployed people from a different industry, put them on a training course, and bang! you’ve got a grateful new dev who doesn’t know how much they are worth.
You just gotta keep spreading the message. I keep happily sharing my salary, especially with younger, less experienced devs, so we can all win better.
For real. Even just talking to your fellow coding monkeys helps. It’s ironic that for example here in France, despite all our workers rights and revolutionary tradition, speaking about your salary is still a social faux-pas. And who benefits? Certainly not us.
I’d understanding actively pressuring someone to share their salary being a faux-pas. Admittedly, just sharing your own may make some people feel pressured to share theirs out of reciprocity, but just sharing your own salary generates nowhere near the same amount of pressure as outright telling someone “share your salary or you’re a bad person on the side of The Man!”
I hope the amount of people sharing their salary increases and talking about it becomes normalized.
A surprising number of people don’t know about levels.fyi
Go to levels.fyi, find some companies and compare at your level. For a long time I was like “ain’t no way these numbers are accurate, people are getting paid that much?” YES THE NUMBERS ARE ACCURATE; your company’s excuses for a shitty raise this year (“blah blah market conditions, blah blah you are already on the upper end of your band, let’s work on a promotion next year”) are bullshit.
I wish they would include the “non-professional” professions. I bet I could have gotten a better pay as a chef if I had any idea what other chefs made at the time.
Does Glass Door have non-office jobs listed? I haven’t looked on there in quite a while but it was the same idea in a more general sense.
Sadly this doesn’t include my profession (Industrial Automation). Do you know of other alternatives?
Man I’d swim to Europe if some company wants to swoop me up and train me for something that valuable lol here in the States I have to not only pay for the training out the nose, but also find the time to do that while still working my regular job lol
I once applied for a “database admin” job at one of the big credit card companies. The job description was basically “run all our Oracle databases” and the salary was in the mid 2 millions USD, but I assumed that figure was typo’ed or something ( an extra 0 maybe?)
In the interview I learned that there was no typo and it was to be one of the seven people on the planet that run the databases for this credit card processor. They said “if the database goes down then we are losing billions of dollars a minute”.
Anyways I didn’t get the job, but they’re not all underpaid.
It really wouldn’t be all that bad. If they’re dropping $2m/y on a database admin, then their BCDR plan must be rock solid with crazy fault tolerances. I’d imagine outages are extremely rare.
But, if they’re dropping that kind of money, you’d have to be an expert in the field. Or know someone.
