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Old 05-11-2019 | 07:38 AM
  #10291  
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Originally Posted by RI830
Looking for some intel

- Expected 1st year earnings (I know its a ballpark number and will vary on base, plane and op)
- Is one eligible for profit sharing in his/her 1st year? That is a huge boost to the first year earnings

Thanks!
Just to clarify, yes you'll get profit sharing from day one. It will pay on Feb 14 of the next calendar year

Figure three months on new hire pay, then the rest at 80 hours of first year pay a month
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Old 05-11-2019 | 08:01 AM
  #10292  
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Originally Posted by RI830
Looking for some intel

- Expected 1st year earnings (I know its a ballpark number and will vary on base, plane and op)
- Is one eligible for profit sharing in his/her 1st year? That is a huge boost to the first year earnings

Thanks!
60-70 for your first year. Maybe 7k for profit sharing on top of that. Ignore the high estimates. The big hit is the 3 months for training pay ($4800 a month). You will be stuck on that until the end of IOE.
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Old 05-11-2019 | 08:51 AM
  #10293  
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Originally Posted by 2StgTurbine
60-70 for your first year. Maybe 7k for profit sharing on top of that. Ignore the high estimates. The big hit is the 3 months for training pay ($4800 a month). You will be stuck on that until the end of IOE.
Most new pilots will have some control over first year earnings. If you're willing to work for it, making over $100k is not unreasonable.
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Old 05-11-2019 | 09:19 AM
  #10294  
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Originally Posted by Jaww
My point was...Tier 1 is a dynamic characterization. What is tier 2 today is tier 1 tomorrow. This is why nobody knows what tier 1 is, even hiring. It’s constantly changing. It’s a stupid label.
Actually I was making a poor joke about Tier 1. Which being an army guy that meant Delta Force.
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Old 05-11-2019 | 09:23 AM
  #10295  
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Originally Posted by TED74
Most new pilots will have some control over first year earnings. If you're willing to work for it, making over $100k is not unreasonable.
Coming from personal experience, I was on training pay for 3 months and flight pay for the rest. For me to earn more than $100K first year I would have to credit more than 95 hours of credit each month. That seems unreasonable to me.
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Old 05-11-2019 | 09:33 AM
  #10296  
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It is even harder to earn more than 80k your first year if you are commuting to NYC.
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Old 05-11-2019 | 09:41 AM
  #10297  
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For those seeking to make $ the first year:

Bank the hours and then you can convert that to money in subsequent years....albeit with withdrawal limits but it’s a 40% return on your money.
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Old 05-11-2019 | 09:43 AM
  #10298  
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Thanks everyone! Hoping to have to put the financial wrangling to work. Time will tell.

Originally Posted by FogSkier
For those seeking to make $ the first year:

Bank the hours and then you can convert that to money in subsequent years....albeit with withdrawal limits but it’s a 40% return on your money.
Can you explain a bit more what you are talking about? How are you able to bank the hours for later pay. Anything above the 80hrs reserve guarantee goes into a bank and then you can pull those banked hours in year 2 at the higher pay scale? One simply sacrifices the 1st year money for a larger amount in year two? How many hours can you bank?
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Old 05-11-2019 | 09:44 AM
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Originally Posted by The new guy
Coming from personal experience, I was on training pay for 3 months and flight pay for the rest. For me to earn more than $100K first year I would have to credit more than 95 hours of credit each month. That seems unreasonable to me.
Roger. Not saying it's easy, but it can be within reach. Some don't stay on training pay that long, I think it's more than 4,800 now (?), and I'm including anticipated PS.
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Old 05-11-2019 | 09:45 AM
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Originally Posted by FogSkier
For those seeking to make $ the first year:

Bank the hours and then you can convert that to money in subsequent years....albeit with withdrawal limits but it’s a 40% return on your money.
That would add $2200 according to Pelosi this would be bread crumbs for those striving for $100k.
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