Realistic FO salary at Netjets
#491
July 11th indoc for 2 weeks.
Month of August off waiting for Latitude ground school, re-did my stairs in my house, spent the whole month with my family and had a blast.
September 1-30th in Latitude ground school.
October-December 1 extended day, 1 holiday were actually flying the line on the CC72. I get about 12-13 days off a month.
If I had stayed at OO I'd have made about the same with 11 days off and working 90 hours a month. Now I had 700 hours of 121 time when I left. I would have upgraded around now if I had stayed, making 154/hr on 4th year pay, on reserve in MSP on the CRJ I would make $140,448.. But reserve at OO blows chunks even living in base.
My first paycheck of 2023 ended up being a $10,195.96 which included Christmas and New Years pay and two pretty good FDP tours.
Training pay is $3224.50 every two weeks, gross.
#492
Gets Weekends Off
Joined APC: Feb 2018
Posts: 164
Until the completion of IOE, you are on the CC72 training schedule and it's associated salary rate. This year that rate is an annual salary of $86,353. While on IOE, you do still earn FDP/OT/Night Pay/etc like normal. After completion of IOE, you can transition to a different schedule if you so desire.
#493
Easy boy. Cut the guy some slack, it’s a 50 page thread here. As a charter member of LITSS (the Lazy Internet Thread Search Squad), I can see why he asks. You can see replies ranging from $63,000-ish $135,000-ish in various threads depending on whether its Eeyore or the guy with NJA pajamas answering.
#494
Speed, Power, Accuracy
Joined APC: Sep 2007
Position: PIC
Posts: 1,693
Easy boy. Cut the guy some slack, it’s a 50 page thread here. As a charter member of LITSS (the Lazy Internet Thread Search Squad), I can see why he asks. You can see replies ranging from $63,000-ish $135,000-ish in various threads depending on whether its Eeyore or the guy with NJA pajamas answering.
Killin me bud, but spot on.
#495
Gets Weekends Off
Joined APC: Feb 2018
Posts: 164
2023 Year 1 Base Wages are as follows -
7/7 & CC60 - $70,781
8/6 - $82,106
CC52 - $67,242 (And yes, new hires have been successful in bidding this schedule depending on fleet)
CC72 - $86,353
CC76 - $92,015
Based on the most recent data from the Union on fleet averages - The lowest new hire fleet is averaging 2.88 hours per day. The highest new hire fleet is averaging 3.65 hours per day. The average for all the new hire fleets is 3.26 hours per day.
*This is where it gets a little subjective in how to apply these data points* This is my recommendation for estimating first year pay (disclaimer: it may only be worth what you paid for it) -
Others have said, expect 3 months on the training pay schedule (CC72). I think that is a fair average. Some may be longer, some may be shorter. After that you can choose your desired schedule (from a list of available options) until the next bid. Starting the first bid after completion of IOE, you bid like everyone else. When calculating hour many tours you will be able to earn FDP, I would suggest planning on only the tours after the completion of the training schedule to give you a safer answer. So for example on the 7/7, I would recommend only planning on 18 tours or 126 days (26 yearly tours - 6 missed tours while on the CC76 - 1 tour vacation - 1 tour recurrent). The CC schedules make this part more complicated. For days available to earn FDP, I would take total days worked in two bid periods minus 14 days (vacation and recurrent). So for the CC76, I would recommend estimating 138 days (152 days for two bid periods of the CC76 - 7 days for vacation - 7 days for recurrent). Since the CC schedules tour lengths are not set, it is not as easy to determine how many tours you will work. But, I think it is fair to estimate an average of 3 tours per month, or 25 tours your first year (27 tours for 9 months - 1 tour vacation - 1 tour recurrent).
Base pay = (CC72 Base x .25) + (Desired Schedule x .75)
FDP = ((Days available to earn FDP x fleet average per day) - (Tours worked x 10)) x 148
Example for 7/7 and the lowest FDP fleet
(86353 x .25) + (70781 x .75)
21588.25 + 53085.75
Base pay = $74,674
((126 x 2.88) - (18 x 10)) x 148
(362.88 - 180) x 148
FDP = $27,066.24
Total Year 1 = $101,740
Example for CC76 and highest FDP fleet
(86353 x .25) + (92015 x .75)
21588.25 + 69011.25
Base pay = $90,599.5
((138 x 3.65) - (24 x 10)) x 148
(503.7 - 250) x 148
FDP = $37,547.6
Total Year 1 = $128,147.1
All of this to say, I think a reasonable year one range would be between $101,740 to $128,147. You can plug and play with the various schedules and FDP values to match your expected situation. Common knowledge is to plan only on your guaranteed base pay. For which you can still use these calculations to figure out base pay dependent on schedule choice, just ignore the FDP portion. However, if you are trying to determine what you might expect with FDP, I would suggest planning on getting assigned to the lowest FDP fleet.
Before everyone jumps on "well but what about" - Yes, some people make more than this and some people make less. As I said before, there will be outliers and those who are above or below these averages. That's the nature of the game here/averages, some things you just have no control over. Yes, if it takes longer to begin IOE that will reduce the number of tours available to make FDP, thus reducing total year 1 compensation. On the flip side, you will stay on the CC72 pay longer, which could raise your base pay if you intend on picking a lesser schedule after IOE.Yes, I did not factor in overnight, NFAD, holiday, after midnights, extended days, etc. These would all add to total year one compensation, but these are even more elusive to tie down good data backed average for how much you are going to get. Yes, you do not take home 100% of the FDP pay, 1/3 of your FDP will go straight to your 401k. That will be deducted before it ever hits your bank account in addition to all your other taxes/deductions. Yes, these fleet averages change, and the next round of data we may see a decrease. All you can do is make as educated decision as you can with the data available. Yes, Netjets compensation is hard to understand. 18 months here and I'm still learning how some of the soft money is calculated. I'd love to see it simplified in future contracts and less dependent on luck. Finally, no, I am not saying you are guaranteed to break $100,00 in your first year.
#496
New Hire
Joined APC: Jan 2022
Posts: 5
Read through this entire string and have a pretty good idea the likely range of first year FO pay at NetJets. My question is about the pay year 3, 5, 10 etc., compared to, say, a regional. Especially since you can probably upgrade around year 3 or so and make between 150-200k through year 10/12. (Starting late in life and not sure I want to go to a Major and start again from the bottom in 5 years, currently over 40.) It doesn't appear that the FO base salary goes up much at NetJets but I'm wondering if there's other pay in there I'm not considering. I know some people commented on their year 2, 3, 4 pay but most of those seemed like hearsay and the extremes. Can someone chime in a rough high/low pay assuming worst case that upgrades continue to take 10-15 years? Also what would Captain pay look like around year 10-15? Thank you in advance!
#497
Gets Weekends Off
Joined APC: Jun 2019
Position: Poolside
Posts: 533
Read through this entire string and have a pretty good idea the likely range of first year FO pay at NetJets. My question is about the pay year 3, 5, 10 etc., compared to, say, a regional. Especially since you can probably upgrade around year 3 or so and make between 150-200k through year 10/12. (Starting late in life and not sure I want to go to a Major and start again from the bottom in 5 years, currently over 40.) It doesn't appear that the FO base salary goes up much at NetJets but I'm wondering if there's other pay in there I'm not considering. I know some people commented on their year 2, 3, 4 pay but most of those seemed like hearsay and the extremes. Can someone chime in a rough high/low pay assuming worst case that upgrades continue to take 10-15 years? Also what would Captain pay look like around year 10-15? Thank you in advance!
#498
Gets Weekends Off
Joined APC: May 2006
Posts: 1,020
Read through this entire string and have a pretty good idea the likely range of first year FO pay at NetJets. My question is about the pay year 3, 5, 10 etc., compared to, say, a regional. Especially since you can probably upgrade around year 3 or so and make between 150-200k through year 10/12. (Starting late in life and not sure I want to go to a Major and start again from the bottom in 5 years, currently over 40.) It doesn't appear that the FO base salary goes up much at NetJets but I'm wondering if there's other pay in there I'm not considering. I know some people commented on their year 2, 3, 4 pay but most of those seemed like hearsay and the extremes. Can someone chime in a rough high/low pay assuming worst case that upgrades continue to take 10-15 years? Also what would Captain pay look like around year 10-15? Thank you in advance!
Now is the best time ever to get into aviation and even starting later than most, you will most likely be better served by going through the regionals on your way to the majors, especially if you go through a regional that gives you the seniority number with their main line affiliate (unless you can bail out at start at a competitor main line much quicker). NetJets would probably be only a good a idea if you live somewhere or want to live somewhere that is a horrific commute.
#499
Gets Weekends Off
Joined APC: Mar 2023
Posts: 253
The amount of money you can make at NetJets has a crazy amount of variables- some that you can control and some that you cannot. If you are willing to work a schedule with more days, your pay will be considerably more- the 76 day schedule with 8 day tours pays 33% more than the base 7&7 and is almost always available to whoever wants it. That is something that is in your control. You cannot control what fleet you get for the first 39 months and some fleets fly way less and make way less FDP and have way less opportunity for extended days. FDP and extended days are how a very junior SIC could make 150 to 200K quickly, but only if you get assigned the right fleet and if you are willing to work a lot of days.
Now is the best time ever to get into aviation and even starting later than most, you will most likely be better served by going through the regionals on your way to the majors, especially if you go through a regional that gives you the seniority number with their main line affiliate (unless you can bail out at start at a competitor main line much quicker). NetJets would probably be only a good a idea if you live somewhere or want to live somewhere that is a horrific commute.
Now is the best time ever to get into aviation and even starting later than most, you will most likely be better served by going through the regionals on your way to the majors, especially if you go through a regional that gives you the seniority number with their main line affiliate (unless you can bail out at start at a competitor main line much quicker). NetJets would probably be only a good a idea if you live somewhere or want to live somewhere that is a horrific commute.
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