The Student Room Group

Would you be happy on 40k per year as your final salary?

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Original post by somethingbeautiful
How do you mean "lucky enough"? I just did a physio placement and loved it - seriously considering it as a career but I'm obviously concerned about job prospects? Are there not many jobs out there for physios? I spoke to someone who said there's more chance of work in the community but I prefer the hospital environment.

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Things are difficult in all areas all across the world and with the prevailing philosophy of austerity jobs in the public sector can be tight. Having said that there ARE Physio jobs out there. We're a very useful profession as we actually help the health service save money.

There is as you point out more and more services being moved out of acute hospitals in to the community but as Band 5 (Junior Physio) starting out you rotate around the different areas most of which are hospital/outpatient clinic based.

Anyway- why make a career decision on immediate job prospects when you could be in that field for a very long time?

In conclusion, if you like working with people and you can stand the hospital environment then, as a final year student, I highly recommend doing Physiotherapy.
Original post by DK_Tipp
Things are difficult in all areas all across the world and with the prevailing philosophy of austerity jobs in the public sector can be tight. Having said that there ARE Physio jobs out there. We're a very useful profession as we actually help the health service save money.

There is as you point out more and more services being moved out of acute hospitals in to the community but as Band 5 (Junior Physio) starting out you rotate around the different areas most of which are hospital/outpatient clinic based.

Anyway- why make a career decision on immediate job prospects when you could be in that field for a very long time?

In conclusion, if you like working with people and you can stand the hospital environment then, as a final year student, I highly recommend doing Physiotherapy.


I've been observing the junior Physios on rotation and it seems like a career that I would really enjoy. The reason I'm concerned about immediate job prospects is that I'm already a graduate and had a lot of trouble gaining employment with my first degree so this time around I want to know as much as I can - not only about the job itself but about employablity and how likely it is for new grads to get jobs upon graduating.

If you don't mind answering a few questions, could you tell me the time frame that it takes to move on from being a junior and does this coincide with a movement up to band 6? Also, when you're no longer a junior, I assume that you no longer rotate - is this correct? If so, do you specialize and then work in one particular department? I kind of liked the idea of rotating since it adds variety to the job.
Growing up in a family where my parents only earned a combined 25k and I never felt like I was a disadvantaged kid, yeh, I would be seriously happy with 40k.
Original post by somethingbeautiful
I've been observing the junior Physios on rotation and it seems like a career that I would really enjoy. The reason I'm concerned about immediate job prospects is that I'm already a graduate and had a lot of trouble gaining employment with my first degree so this time around I want to know as much as I can - not only about the job itself but about employablity and how likely it is for new grads to get jobs upon graduating.

If you don't mind answering a few questions, could you tell me the time frame that it takes to move on from being a junior and does this coincide with a movement up to band 6? Also, when you're no longer a junior, I assume that you no longer rotate - is this correct? If so, do you specialize and then work in one particular department? I kind of liked the idea of rotating since it adds variety to the job.


Job prospects at this very moment actually seem pretty good. I know a few undergrads qualifying this summer that already have jobs lined up. I'm on a waiting list which will probably mean a band 5 role from Sept/Oct maybe and there's plenty of NHS jobs and private stuff as well being advertised.

In terms of moving up there are no guarantees. You have to apply for Band 6 jobs and it's based on your CV, previous performance, interview etc like any other job. Some Band 6 jobs are rotational and some are static AFAIK, they are more specialised though.
Original post by LiquidGold
Growing up in a family where my parents only earned a combined 25k and I never felt like I was a disadvantaged kid, yeh, I would be seriously happy with 40k.


combined income 18k ditto!
Original post by DK_Tipp
Job prospects at this very moment actually seem pretty good. I know a few undergrads qualifying this summer that already have jobs lined up. I'm on a waiting list which will probably mean a band 5 role from Sept/Oct maybe and there's plenty of NHS jobs and private stuff as well being advertised.

In terms of moving up there are no guarantees. You have to apply for Band 6 jobs and it's based on your CV, previous performance, interview etc like any other job. Some Band 6 jobs are rotational and some are static AFAIK, they are more specialised though.


Thanks very much for your reply. In terms of your own career, do you hope to specialise and is there a particular area that you prefer?
Original post by Bill_Gates
combined income 18k ditto!


I thought you were a jet setter with tonnes of cash, what happened?

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Original post by Princepieman
I thought you were a jet setter with tonnes of cash, what happened?

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that's my parents brah
Original post by Bill_Gates
that's my parents brah


Fair game. Now, don't you feel at least somewhat successful for surpassing your parents? Isn't it normal to want to improve upon the previous generation?

I ask this because you seem very against ambitious people who want to achieve more than what they grew up with.
Original post by Bill_Gates
combined income 18k ditto!


seriously? i thought you came from a wealthy background based on random posts id seen of yours in recent months, youve done well for yourself, well done bro
Original post by Princepieman
Fair game. Now, don't you feel at least somewhat successful for surpassing your parents? Isn't it normal to want to improve upon the previous generation?

I ask this because you seem very against ambitious people who want to achieve more than what they grew up with.


That last part, where did that come from? i am all about helping the less fortunate but through economic empowerment not dependency.

Feels good to be honest but a lot more to do yet!
Original post by welcometoib
seriously? i thought you came from a wealthy background based on random posts id seen of yours in recent months, youve done well for yourself, well done bro


Thanks brah!
I wouldn't. But not because I'm greedy but because I have aspirations of being an investment banker which has a starting salary of around that much. If I had a final salary of 40k I would not have reached my goal.

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No I wouldnt be happy. Thug lyfe init


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Original post by lewif002
There are overtime opportunities

No company car or equivalent perks..

£800 bonus per year at Christmas

£40,000 flat rate. Monday-Friday 8-4.30. On call one week out of 5 but obviously if called in overtime applies at 1.4x for weekdays and 2x for weekends.


Would this be enough for you to settle down? Or how much are you really aiming for as your final salary? This 40k situation is achieved after working at the company for 8-10 years so would be achieved around the age of 30 and then could be at 40k until you retire, with a decent - ish private & public pension.

What's your thoughts?


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In London this really isn't that much. I recently bought a 3-bedroom house in Newham and I would say the average price for those which are freehold are close to £350k. Bear in mind this is the cheapest borough within 'inner London' north of the river (Zones 1-3). Generally banks will only lend you a max. of 5-times loan-to-value when it comes to a mortgage, and this is only if you have a stellar credit rating.

Let's assume that you manage to get a 20% deposit of £70k down (and some more to cover stamp duty), then you'll need a mortgage of £280k. 280/5 = £56k p.a. income minimum if you're looking to buy on your own. In practice most people buy as couples, so then you would both need to salaries of ~£30k. But then amongst English people the divorce rate is 50%, so bear in mind that there's a decent chance that someone might lose a chunk of their equity along the way even in a rising market.
some statistics for you

15% of population pay higher rate tax
12% of population live within London

i'd say 40k is just a normal life in London
Original post by J-SP
This is quite interesting to have a look at though - average salaries by boroughs/constituencies by places where people work.

http://www.cityam.com/206242/where-can-you-earn-most-uk-pay-london-much-higher-any-other-part-uk

Only two locations earn an average salary of more than £40k. Unsurprisingly they are City of London and Tower Hamlets.

Going by this, if you work in the "City" or Canary Wharf, £40k is clearly very common. Anywhere else in the UK and you are going to probably be in a minority.



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exactly! and rents in those places are crazy just for 1 bed flats.
Original post by J-SP
This is quite interesting to have a look at though - average salaries by boroughs/constituencies by places where people work.

http://www.cityam.com/206242/where-can-you-earn-most-uk-pay-london-much-higher-any-other-part-uk

Only two locations earn an average salary of more than £40k. Unsurprisingly they are City of London and Tower Hamlets.

Going by this, if you work in the "City" or Canary Wharf, £40k is clearly very common. Anywhere else in the UK and you are going to probably be in a minority.



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Unless you live in the more affluent areas of Aberdeen or Edinburgh.

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I would want to earn about 50k but i'd settle for 40, if my partner was to earn lets say 40-50 then we'd have a comfortable lifestyle:smile: 40k is great pay compared to what most people earn these days..
Original post by J-SP
Edinburgh is only coming up at around a £25k average going by that map.


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Notice how I said "affluent areas". The City of London is hardly representative of London's average is it?



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