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Top reps at Caterpillar, Komatsu, and John Deere actually do make that much. I used to work in that industry. Most people here are in tech and have no idea how
by chinchilla2020 2y ago
Top reps at Caterpillar, Komatsu, and John Deere actually do make that much. I used to work in that industry.
Most people here are in tech and have no idea how heavily incentivized industrial sales is. Selling a fleet of D10 dozers to an excavation operation and selling a maintenance agreement is going to net caterpillar $1.7mm a dozer multiplied by number of dozers. They aren't paying someone 60k a year and free kombucha for managing those sorts of accounts.
These are the TOP folks though. I don't think most entry level college grads are going to making that any time size.
- newrotik 2y agoI believed the author of the blog was referring to tech roles specifically (not sales or similar). I can say from personal experience that, at least in Australia, tech workers for mining companies that work in city offices are paid fairly similarly to other non-FAANG tech workers (e.g. banks etc). I also just checked levels.fyi for a few big mining companies and verified that this is the case. Engineers (mining, geo, tech, whatever) that work out in the field do make quite a bit more. MAYBE around what FAANG would pay, but FAANG still pays more after a few years of refreshers and/if one manages to climb the ladder. I think the author is quite off with their estimates of what people make in "heavy industries". At least as far as my experience goes for AU. FAANG/HFT still beats everything, and by a vast margin.