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Careers that may lead to the legendary RFD$100K salary in GTA

  • Last Updated:
  • Dec 24th, 2019 9:52 pm
[OP]
Newbie
Oct 16, 2019
60 posts
34 upvotes

Careers that may lead to the legendary RFD$100K salary in GTA

Hi I am a newbie from Toronto. The thread "Your road to the RFD$100K individual salary" really interests me. I hope to discuss what positions/jobs/careers/industries specifically in the GTA area that could lead to that salary range (and their pros and cons). Below is my idea (which may be wrong), please feel free to correct me or add on it.

Careers that may lead to the legendary RFD$100K salary:

1) Doctors, nurses, and other licensed specialists in healthcare
Pros: Majority can get that salary.
Cons: Requires certain nature talent, aptitude & extensive training. Not for everyone.

2) Lawyers
same as 1

3) Police (or Law Enforcement), Firefighter
Pros: Lower education requirements (less student debt).
Cons: Requires physical strength & years of experience. Demanding work.

4) Public sector (include ministries & crown corporations)
Pros: Variety of positions available, unionized,
Cons: Very hard to get foot in the door.

5) Management in well-known non-profits (big name charities, colleges & universities, hospitals, school boards)
same as 4

I am omitting licensed trades and professions such as programmers, project managers & CPAs. As I have friends working in those professions with 10 years of experience making a bit shy of $100K. Surely many make over $100K but I don't think it's the majority. I am more interested in discussing professions that MOST will make over $100K.
157 replies
Deal Addict
Feb 16, 2013
1554 posts
1286 upvotes
Toronto
Weed delivery.
I'm not kidding.
No T4 slips either, so half your paycheque does not go to refugees.
....
Newbie
User avatar
Oct 16, 2019
36 posts
62 upvotes
cowbunpants wrote: Weed delivery.
I'm not kidding.
No T4 slips either, so half your paycheque does not go to refugees.
I laughed out loud.
Sr. Member
Sep 28, 2013
693 posts
416 upvotes
cowbunpants wrote: Weed delivery.
I'm not kidding.
No T4 slips either, so half your paycheque does not go to refugees.
Totally, tax fraud is the path to riches.
Newbie
Aug 15, 2016
96 posts
120 upvotes
You kind of missed the entire private sector here which would likely make up the largest proportion of salaries >$100k. Think finance, tech, engineering, sales, etc.
Our country is in big trouble if public sector and non-profits are making the highest salaries (with pensions) while the private sector foots the bill.
Deal Addict
Oct 18, 2014
1967 posts
858 upvotes
HK
Get your MBA (from a top school) and join a Management Consulting firm.

Source: Salaries

If you are still in school (undergrad student), then you can start ~$75k, and hit $100k by the time you are 24.
Deal Expert
User avatar
Nov 15, 2004
19597 posts
3600 upvotes
Toronto
Go be friends with Doug Ford. I heard some guy almost got a $164,000 job when all he'd ever done was some coffee-serving internship at some finance firm.

Just politics in general, actually. Look at Scheer and that home-schooled religious nut Oosterhoff as an example. Completely unemployable in the real world, but now they've got government pensions and 6-figure paycheques because they won a popularity contest.
Penalty Box
Jun 24, 2015
4836 posts
1442 upvotes
0 downvotes
for someone like a nurse, or teacher or TTC Driver or Canada post worker or school support employee to make $100,000 dollar salary, they also need to work a lot of OVERTIME, so above and beyond your shift, plus, if you have small young children, this makes it difficult to do
Hi
Deal Expert
Jun 15, 2011
42481 posts
6787 upvotes
Cyber security with experience and the right certs.

From what I’ve seen in the industry.
Blanka
Deal Addict
User avatar
Feb 4, 2015
1220 posts
805 upvotes
djemzine wrote: Cyber security with experience and the right certs.

From what I’ve seen in the industry.
I see that some Universities offer 2 terms certification then you can write a CISSP exam. Should that be a good start?
[OP]
Newbie
Oct 16, 2019
60 posts
34 upvotes
Hi guys, thanks for all the replies. Surely there's no shortcut to riches unless we were born into it. Now that good pension (i.e. DB plans) almost extincts, it's good to discuss so some of us who are still young can set goals & plan ahead.

I think weed delivery requires connection & skills... it sounds like only people in a very small circle can do it. If delivery goes wrong that 100K could be from life insurance...

I do think the really high-ups from fortune 500 in the private sectors have ways of making CRAZY amount (shares/stock options/dividends) but 99% in the private sectors are just normal workers, let alone private organizations do layoffs every now and then. Frankly I think workers in the public & non profit sectors (giant NGOs, not small/underfunded organizations) generally make more with shorter hours & better benefits. But then it's harder to get into them as people usually don't leave their positions so upward mobility is unlikely.

High salary in IT sector in my opinion is a bluff. Plus IT is a cost center that companies do lay-offs first round. When I ask my experienced IT friends (in GTA) they usually say they make CLOSE to $100K WITH BONUS, which kinda tells me the majority are just getting there.
[OP]
Newbie
Oct 16, 2019
60 posts
34 upvotes
Brewmaster7 wrote: You kind of missed the entire private sector here which would likely make up the largest proportion of salaries >$100k. Think finance, tech, engineering, sales, etc.
Our country is in big trouble if public sector and non-profits are making the highest salaries (with pensions) while the private sector foots the bill.
I have friends working in banks for years will disagree with you :)

In sales, the top ones surely make over $100K, but many are on the bottom layers just being able to survive (or not).
Deal Guru
User avatar
Mar 9, 2007
13901 posts
8994 upvotes
Think of the Childre…
Male gigolo, can make over 100k easily!!

WOULD SOMEBODY THINK OF THE CHILDREN!!!
Newbie
Aug 15, 2016
96 posts
120 upvotes
newbie2019 wrote: I have friends working in banks for years will disagree with you :)

In sales, the top ones surely make over $100K, but many are on the bottom layers just being able to survive (or not).
Honestly, I think your view of the professional world is a bit skewed if you think the public sector and NGOs are going to have higher salaries than the private sector. With respect to finance, there are a huge number of finance professionals in the GTA making over $100k/yr. I am not talking about front line retail staff either - think capital markets, private equity, asset management, FP&A. Many of these careers start at $100k and go up from there.
Member
User avatar
Dec 28, 2010
328 posts
128 upvotes
Brewmaster7 wrote: Honestly, I think your view of the professional world is a bit skewed if you think the public sector and NGOs are going to have higher salaries than the private sector. With respect to finance, there are a huge number of finance professionals in the GTA making over $100k/yr. I am not talking about front line retail staff either - think capital markets, private equity, asset management, FP&A. Many of these careers start at $100k and go up from there.
can confirm

>100k, finance, private sector, and <30
mysticalinfluence wrote: Brah do you make 100K year too and wear Canada Goose? You might not be fat but your fattest douche bag on RFD.
kenchau66 wrote: you mean "you're"
Deal Fanatic
Dec 5, 2006
9770 posts
4948 upvotes
Markham
Somehow reminds me of legendary Pokémon
Sr. Member
User avatar
Nov 30, 2010
574 posts
411 upvotes
Burnaby
newbie2019 wrote: High salary in IT sector in my opinion is a bluff. Plus IT is a cost center that companies do lay-offs first round. When I ask my experienced IT friends (in GTA) they usually say they make CLOSE to $100K WITH BONUS, which kinda tells me the majority are just getting there.
Not quite sure what you mean by "bluff" but a software developer at one of the well known tech companies are almost 100k salary to start, and more if you include bonus/stocks.

Some companies I can think of:
Vancouver: Microsoft, Amazon, Slack, Salesforce
Toronto: Apple, IBM, Amazon, Oracle, Shopify (?)

You can search levels.fyi to get an idea. Use Vancouver, Toronto etc as a keyword.

Edit:
You're right that layoffs/attrition can be fairly common. To avoid this in most cases, keep learning and don't be at the bottom 10-20%.
Deal Expert
Jun 15, 2011
42481 posts
6787 upvotes
newbie2019 wrote: Hi guys, thanks for all the replies. Surely there's no shortcut to riches unless we were born into it. Now that good pension (i.e. DB plans) almost extincts, it's good to discuss so some of us who are still young can set goals & plan ahead.

I think weed delivery requires connection & skills... it sounds like only people in a very small circle can do it. If delivery goes wrong that 100K could be from life insurance...

I do think the really high-ups from fortune 500 in the private sectors have ways of making CRAZY amount (shares/stock options/dividends) but 99% in the private sectors are just normal workers, let alone private organizations do layoffs every now and then. Frankly I think workers in the public & non profit sectors (giant NGOs, not small/underfunded organizations) generally make more with shorter hours & better benefits. But then it's harder to get into them as people usually don't leave their positions so upward mobility is unlikely.

High salary in IT sector in my opinion is a bluff. Plus IT is a cost center that companies do lay-offs first round. When I ask my experienced IT friends (in GTA) they usually say they make CLOSE to $100K WITH BONUS, which kinda tells me the majority are just getting there.
Not cyber security. Look into it. Companies are willing to pay for talent.
Blanka
Newbie
Sep 28, 2010
96 posts
38 upvotes
newbie2019 wrote: High salary in IT sector in my opinion is a bluff. Plus IT is a cost center that companies do lay-offs first round. When I ask my experienced IT friends (in GTA) they usually say they make CLOSE to $100K WITH BONUS, which kinda tells me the majority are just getting there.
The problem is that IT is such a broad term these days. You can be the guy that fixes the printer in a big corporate office or you can be a software engineer working for a relatively newer (last 10-15 years) company with a bit more modern practices. As a new software engineer, as long as you know your stuff, study, and either come out of a bootcamp / university / self taught and have something to show, it's relatively easy to start off around 100k if you're working for a company such as Amazon, Shopify, or many of the other startups in the competitive scene in Toronto. However, in order to be successful, you need to have a genuine interest in what you're doing. Those with interest will build things on their own time or learn on their own.

With regards to "startups", many people think they're highly unstable. It's true, they can be to some degree, but the demand for tech talent is so high that as long as you're staying up to date and continue learning, it's not very difficult to move into a new role.

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