Money making job
Except for medicine, is thee any specific job that can allow you to make 100k or more a year?
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Original post by theudster
Except for medicine, is thee any specific job that can allow you to make 100k or more a year?
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Any job has the potential to make over £100k.. It all depends on what the employer is willing to pay.
Original post by Reue
Any job has the potential to make over £100k.. It all depends on what the employer is willing to pay.
Yeh I know, but is there any specific career paths that will allow you to see the money? I mean you can become a millionaire from selling pencils but is there something more conventional
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Original post by theudster
Yeh I know, but is there any specific career paths that will allow you to see the money? I mean you can become a millionaire from selling pencils but is there something more conventional
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Very few professions have exact graded boundaries for specific roles. Even less so for ones earning more than £100k.
A majority of those earning 6 figures will be making it through bonuses or commission payments.
Original post by Reue
Very few professions have exact graded boundaries for specific roles. Even less so for ones earning more than £100k.
A majority of those earning 6 figures will be making it through bonuses or commission payments.
A majority of those earning 6 figures will be making it through bonuses or commission payments.
Can accountants make such money, and If yes what's the route, do you need a university degree or just a qualification?
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Contractors with highly specialist skills in technical industries can earn £100,000 - IT, engineering, manufacturing etc.
The downside is that it's unstable - if a company's going to pay somebody that much money for their knowledge they generally want to do it for as short a time as possible - get them in, do the job, get rid of them - so high-earning contractors often live from contract to contract. Tax is also a massively sticky issue and depending on what you're doing and what mood the government of the day is in you could be paying over 50% tax.
In terms of more stable work, the very top senior managers in most large organisations are probably earning £100,000+. The downside there being long hours, high accountability for the performance of the organisation, high pressure. Again, high tax too means the higher you go up the payscale, the less money you actually gain in real terms. An employee (i.e. not freelancer or working any fancy tax arrangements) earning £100,000 only actually gets £65,000 take-home salary.
The downside is that it's unstable - if a company's going to pay somebody that much money for their knowledge they generally want to do it for as short a time as possible - get them in, do the job, get rid of them - so high-earning contractors often live from contract to contract. Tax is also a massively sticky issue and depending on what you're doing and what mood the government of the day is in you could be paying over 50% tax.
In terms of more stable work, the very top senior managers in most large organisations are probably earning £100,000+. The downside there being long hours, high accountability for the performance of the organisation, high pressure. Again, high tax too means the higher you go up the payscale, the less money you actually gain in real terms. An employee (i.e. not freelancer or working any fancy tax arrangements) earning £100,000 only actually gets £65,000 take-home salary.
Original post by theudster
Can accountants make such money, and If yes what's the route, do you need a university degree or just a qualification?
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Yes they can. You only need the professional qualification, although often a degree helps in getting on a training contract.
Original post by M1011
Yes they can. You only need the professional qualification, although often a degree helps in getting on a training contract.
What qualifications and what degrees?
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Original post by theudster
ACA, ACCA or CIMA. Those are the qualifications that make you a chartered accountant.
There are schemes that'll qualify you on the above direct out of school. However if you choose to go the graduate route then the degree subject doesn't matter very much, but aim for a 2.1 or above.
Original post by M1011
ACA, ACCA or CIMA. Those are the qualifications that make you a chartered accountant.
There are schemes that'll qualify you on the above direct out of school. However if you choose to go the graduate route then the degree subject doesn't matter very much, but aim for a 2.1 or above.
There are schemes that'll qualify you on the above direct out of school. However if you choose to go the graduate route then the degree subject doesn't matter very much, but aim for a 2.1 or above.
How much do chartered accountants make
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Original post by theudster
I don't feel like you're putting much effort in here! GOOGLE!
The amounts vary massively - as a newly qualified (3 years) it will usually be between 35k-55k depending on company and location. Long run you could be making 1m+ as a FD or a partner at a firm, or you could be stuck on 50k forever. That depends on you.
Original post by M1011
I don't feel like you're putting much effort in here! GOOGLE!
The amounts vary massively - as a newly qualified (3 years) it will usually be between 35k-55k depending on company and location. Long run you could be making 1m+ as a FD or a partner at a firm, or you could be stuck on 50k forever. That depends on you.
The amounts vary massively - as a newly qualified (3 years) it will usually be between 35k-55k depending on company and location. Long run you could be making 1m+ as a FD or a partner at a firm, or you could be stuck on 50k forever. That depends on you.
I'm asking out if experience, if you google it you don't get definite answers, some say you'll be poor some rich and some say that accountants will all die
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Original post by theudster
I'm asking out if experience, if you google it you don't get definite answers, some say you'll be poor some rich and some say that accountants will all die
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And this is where you transition from plain googling to they mythical term research. Consider the sources, look for supporting evidence, etc.
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