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
There are some court cases going on right now about this type of thing. Generally, the payback is only allowed to be for the real cost of training, and only for a few years. So that 60k salary for 3 years is also the right amount to make you worth 150k anywhere else.
This has been going on for decades. My dad became a COBOL programmer in 1980ish after taking an aptitude test in answer to a newspaper ad. Y2K consulting was a pretty good gig.
My experience with Fintech and the financial sector is that they don’t care about how much, they only care about how fast.
They just have understanding of correct criteria of financial success, since they, eh, work with finances.
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.
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.
Better learn COBOL now.
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.
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.programmers desperately need to unionize
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.
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
Well, you could do like many US people and visit Ireland, I suppose :)
There is no relationship between what you earn and your skill level. If there were, theoretical physics would be a top paying field. The reason is, this is capitalism and we are horrible negotiators. If you want to earn top money in a technical field, the best you can do is insert yourself in a revenue stream. Roles that are critical to revenue like a billing system or associated with a intrinsically valuable commodity e.g. petrochemical, are more lucrative than other similarly skilled professions.
It feels like blaming everything on capitalism is a Lemmy meme.
EDIT: smh look at all the capitalists smashing the downvote button as if it were a poor.
They’re not really blaming capitalism for anything though? They’re just explaining how it works, and they’re right. In a market driven economy, you are paid for having a skill or some knowledge based on the demand of that skill or knowledge and nothing else. In the same way as the quality of your house has little bearing on it’s value when compared to it’s location. Not a criticism of capitalism.
SIGH. Capitalism is a fringe conspiracy theory. Next you’ll be claiming that billionaires earn their money through “capital gains” instead of salary, or that every corporation answers to a shadowy cabal of “shareholders” who only care about profit.
Well you won’t fool me. Unlike you, I have educated myself by reading newspapers.
It wasn’t capitalists, it was the invisible hand of the market.
Who would’ve thought a sector with gold flowing through its hands would be so stingy when it comes to updating their backend that they’d end up relying on a dying language, and call upon AI to update it for them rather than just paying a competent team to create and rigorously test a new backend in a modern language
Honestly not the right format for that meme template lol. The monkey should represent one person doing both looks.
what i’m gathering from this thread is that i should learn cobol
From when this has come up in the past, it’s a lucrative career path, but probably tricky to break in to since nobody’s maintaining a COBOL system they can afford to put into the hands of someone inexperienced.
The dudes earning half a million are able to do so because they’ve been at it since before their boss was born.
Once you get into it you’ll wonder how you ever programmed without “divisions”! I mean honestly, just declaring variables anywhere? Who needs that. Give me a nice, defined data division any day 😌
Yeah man, it can’t be worse than JS, right?
deleted by creator
$60K doing what and where?
Probably anything outside the US.
That’s what I was thinking. I moved to Europe and my salary was halved. I’m making 70K euros. After three years of scratching this “living in Europe” itch, I’m ready to move back to the U.S. An entry level developer should be making no less than 90K in the land of the free.
Yep. Few people where I live envy the US, but if you’re a developer the money is no joke. You have to expect that eventually all those big American tech companies will start offshoring, given the crazy money they could save.
That’s what I tell fellow devs around here. Try the U.S. for one or two years, especially if they offer shares. Then move back. Profit!
€70k as a developer? That’s a middled aged EM salary here in Sweden
I bet. I’m assuming taxes are way higher up there too.
Unfortunately I have to ask, what’s the meaning of EM?
Engineering manager, the one responsible for a team
deleted by creator
Hang in there, friend! You’ll make it big sooner rather than later!
How many years experience? It took me a few years before I started making a decent wage.
Definitely keep honing your skills and applying around for different jobs, and taking jobs that you can use to “leapfrog” to other, even better jobs.
deleted by creator
Okay that is getting up in years. I was about there when I started to get more aggressive with the salary I was asking. You could probably start on the
developer I -> developer II -> senior developercareer path.Do you look at other jobs much? Do much networking? Talk to other devs about their salary? Even just grabbing a lunch with some workmates from time to time can help get you in the right mindset of recognising your worth.
I think some COBOL consultants are very well paid, especially since they are a rare breed.
Friend has a cobol + IBM AIX combo going for him and his on call + at most 1 day/week of work position pays more than my full time very senior dev role.
Hmm I have the AIX half of that. Maybe learning COBOL is worth the pain…
I know a person who does AIX consulting with Cobol. She works about 4-8 weeks a year spread between 3 companies and makes enough to raise a family and fund a massive hobby farm. Helps to be in an area with a large fintech presence I imagine.
Very nice, yeah that’s the problem. I broke into AIX in the wholesale industry in early 2000’s so I have very few finance connections, which is where it all seems to be.
I have also been work from home for 7 years now and figured I’d have to go onsite for banks. That may have changed post covid. I will poke around and see what might be out there for me
Idk what the AIX job market is right now, but several years ago banks in central Europe poached employees back and forth just to reach minimum staff required.
The OGs are. The new trainees ain’t.
Which makes sense, but they are still being seriously taken advantage of.
Saw this post and all the redditors getting dreamy eyed at the idea of learning COBOL.
https://www.pcmag.com/articles/ibms-plan-to-update-cobol-with-watson
deleted by creator
I had a friend at university who got a job fixing cobol stuff before Y2K. The bank paid him extremely well, housed him in a luxury apartment during the job, and, as he had no driving licence, dropped in a car with free driver for him.
In Canada, the Ministry of Health pays colleges to teach kids COBOL and JCL. It’s a steady job, pension, good bennies. I know a handful of people who went that route, rather than the riskier private sector.
Is the collective noun for COBOL programmers, cobblers?
I would have gone with COBOLLICKERS
You definitely don’t want a blunt force trauma to this delicate area
I’d be happy if I could land a web dev role for 40k at this point
That’s crazy. If you have the skills don’t under value yourself. Don’t be afraid to walk away from an offer. Never tell a potential employer your current salary and never give them a number if they ask in interviews. Ask what their range is as a response and if that matches your number, proceed. Then negotiate for the max of their range. If you get to that point, they already want you, so you have the upper hand in negotiation.
