 # Why You Need To Speed Your Job Searches – Financial Breakdown I’ll give you the actual costs up front here, and below are the supporting calculations.

Monthly Opportunity Costs of IT Job Searches

Calculations:

### Senior Programmer (133K per year):

The average work year in the U.S. is 2000 hours of work (the number many annual rates are based on)

So \$133,000/2000 = \$66.50 per hour.

Let’s use an 8 hour day, so 8 X \$66.50 = \$532 per day.

For a weekly salary: 5 Work Days X \$532 = \$2660 per week

For a monthly salary: 4 Work Weeks X \$2660 = \$10,640 per month

We’ll use a conservative average monthly expenses here of \$4000 a month for rent, car, utilities, insurance, food, entertainment, etc.

Lost Wages (\$10,640) + Expenses (\$4000) = \$14,640

### Mid Level Programmer (91.6K per year):

According to payscale.com , the average salary of a Software Engineer in the United States is \$91, 571 per year. The Range is \$60,000 to \$133,000 (note, I’ve almost always made much more than the high end of the range for the same job)

Let’s use the middle of the scale to calculate:

The average work year in the U.S. is 2000 hours of work (the number many annual rates are based on)

So 91,571/2000 = \$45.79 per hour.

Let’s use an 8 hour day, so 8 X \$45.79 = \$366.32 per day.

For a weekly salary: 5 Work Days X \$366.32 = \$1831.60 per week

For a monthly salary: 4 Work Weeks X \$1200 = \$7326.4 per month

We’ll use a conservative average monthly expenses here of \$3000 a month for rent, car, utilities, insurance, food, entertainment, etc.

Lost Wages (\$7326.4) + Expenses (\$3000) = \$10,326.40

### Entry Level Programmer (60K per year)

I know some of my audience is new college graduates with more entry level salaries, so I’ll use \$60,000 dollars for our calculations.

The average work year in the U.S. is 2000 hours of work (the number many annual rates are based on)

So 60,000/2000 = \$30 per hour. This is super conservatives, and entry level only.

Let’s use an 8 hour day, so 8 X \$30 = \$240 per day.

For a weekly salary: 5 Work Days X \$240 = \$1200 per week

For a monthly salary: 4 Work Weeks X \$1200 = \$4800 per month

We’ll use a conservative average monthly expenses here of \$2000 a month for rent, car, utilities, insurance, food, entertainment, etc.

Lost Wages (\$4800) + Expenses (\$2000) = \$6800