Earning to Give

Explore if pursuing a high-income profession, for the purpose of donating a significant portion of earned income to the most effective charities in the world, is a promising path for you

Introduction to Earning to Give

Why it matters

Earning to Give (E2G) is a strategy where individuals pursue high-earning careers to maximize their philanthropic contributions. The core idea is to earn a substantial income and donate a significant portion to effective charities, potentially having a greater impact than by directly working in those fields. This approach allows individuals to leverage their income to generate substantial social good, and to support multiple causes simultaneously.

E2G offers career flexibility, allowing individuals to choose from a wide range of careers that match their skills and interests while still contributing significantly to global welfare. By targeting donations to underfunded and high-impact areas, individuals can fill funding gaps and accelerate progress in critical but overlooked fields.

Two crucial considerations when pursuing an E2G career are the opportunity to build valuable career capital in the role, and to avoid high-earning professions that might cause harm.

By donating up to half their income to effective charities, Jeff and Julia have found that giving generously not only saves lives but also brings them greater happiness and fulfillment. Photo: Image: Julia Wise/Jeff Kaufman
If you have the potential of being at the tail of the income distribution, you could have a significant positive impact in the world by donating a large share of your income. Source: Our World in Data

Career in Earning to Give

There are some professions where the average salary is much higher than most others, and by pursuing those, more money can be donated to impactful causes. Below is a non-exhaustive list of some of them.

Tech Roles

Tech Roles

A career in tech provides high earning potential, rapid advancement opportunities, and often significant stock options, especially if joining a company in an early stage.

Software Engineer
Data Scientist
Cybersecurity Specialist

Finance Roles

Finance Roles

The finance industry is famous for being highly compensated. In addition to their exceptionally high earning potential, lucrative bonuses are often common.

Quantitative Trader
Hedge Fund Manager
Financial Analyst

Management Consultancy

Management Consultancy

Management Consultants often receive high salaries, substantial performance-based bonuses, and the opportunity to rapidly advance in a variety of industries. It’s also a great opportunity to build valuable career capital.

The big firms (McKinsey, BCG, Bain)
In a high earning industry (finance and tech)
Independent consultant

Startup Founders

Startup Founders

While the salary, at least the first few years, often isn’t extraordinary, the stock options makes the long-term compensation very attractive. Startups within high earning industries are extra promising.

Biotech Startups
Fintech Startups
General Tech Startups

From Vision to Transformation: Stories of Impact

Anton Osika Palfi

AI Entrepreneur

Anton started his career as a software engineer with experience from CERN and Sana Labs, and is now an AI entrepreneur, committed to build products that help people, and donating a share of dividends and exit to highly effective charities.

Anton Osika Palfi

AI Entrepreneur

EarningToGive
#TAKE ACTION

Where to start?

Remote work illustration of a man sitting next to a computer

Create a tailored career plan

Explore EA Sweden’s free career guide, helping you to understand if Earning to Give is a promising path for you

Take the 10% Pledge

The 🔸10% Pledge is a public commitment to give at least 10% of your income to the organizations that can most effectively use it to improve the lives of others

Picture of two people in personal impact career coaching session carried out by Effective Altruism Sweden

Apply for individual coaching

Get input on your career plan, or on a specific career decision, through individual coaching with EA Sweden. It’s free of charge.

Additional Resources and Learning

Found a tech startup

Become a tech startup founder

Consider applying to YCombinator, by many means the world’s most successful tech startup accelerator

Cause area profile

Learn more

Explore 80,000 Hours’ comprehensive analysis of “Why and how to earn to give”

AIM report

Learn more about founding a startup

Dive deeper into the rationale for why founding a startup could be an impactful career path in Ambitious Impact’s “Founding to Give report”

Find roles at startups

Join a startup

Explore lists of open startup roles within the area of your expertise

Forum post

Get inspired

Read AGB’s post “10 years of Earning to Give” on the EA Forum to engage with a personal story

Community

Engage and connect

Connect with other people impact-motivated earning to give people through the “Earning to Give” Facebook group

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