And while these firms lure students in with the generous salaries and trendy offices, these status symbols often come at a cost. It’s difficult to demote your lifestyle once you’ve become accustomed to it. When you’re rocking a high six-figure salary and steadily contributing the highest amounts to your retirement accounts, wearing well-made clothes, living in a well-appointed apartment, and buying most of the things you want whenever you want them, it’s pretty hard to switch to a more “exciting” job that doesn’t pay nearly as much. This phenomenon is known as the golden handcuffs.
…irms lure students in with the generous salaries and trendy offices, these status symbols often come at a cost. It’s difficult to demote your lifestyle once you’ve become accustomed to it. When you’re rocking a high six-figure salary and steadily contributing the highest amounts to your retirement accounts, wearing well-made clothes, living in a well-appointed apartment, and buying most of the things you want whenever you want them, it’s pretty hard to switch to a more “exciting” job that doesn’t pay nearly as much. This phenomenon is kn…