accountancy vs Investment banking vs engineering salary?

Currently has an offer from LSE for Acc at LSE and Ebgineering at Exter University.
What do you think will give me a better salary.
What do you think will be my average starting salary as a finance graduate from LSE if I choose Accounting and finance as my career?
Will my salary be better if I choose IB or engineering (if i got to Exter for engineering)
It'll be great if you can give me a quick answer.

Reply 1

M_E_X

14

Original post by Vindpuss

Currently has an offer from LSE for Acc at LSE and Ebgineering at Exter University.
What do you think will give me a better salary.
What do you think will be my average starting salary as a finance graduate from LSE if I choose Accounting and finance as my career?
Will my salary be better if I choose IB or engineering (if i got to Exter for engineering)
It'll be great if you can give me a quick answer.

Generally speaking, IB > Engineering > Accountancy in terms of salary.

Reply 2

York10

Original post by Vindpuss

Currently has an offer from LSE for Acc at LSE and Ebgineering at Exter University.
What do you think will give me a better salary.
What do you think will be my average starting salary as a finance graduate from LSE if I choose Accounting and finance as my career?
Will my salary be better if I choose IB or engineering (if i got to Exter for engineering)
It'll be great if you can give me a quick answer.

Google it.

Reply 3

Vindpuss

OP

6

can someone say more abou this?
please take into account about obtaining the degree from LSE?

Reply 4

Big_Dave

Original post by Vindpuss

can someone say more abou this?
please take into account about obtaining the degree from LSE?

Your degree won't make any difference to your starting salary once you get a job.

If you start in a grad in take with 30 other students who graduated from Disney University with a degree in Mickey Mouse, they will still get paid the same............ Your degree will however help you get a job.

Instead of posting annoying questions across every career forum:

1) Use the search function
2) Do your own research, as this will also help you decide which career you would prefer, as with all three careers you mentioned you will have huge earning potential, so just go for what interests you the most.

Reply 5

NW86

12

Ok because you're lazy.... this is the rough figures (no i wont post source, but they were reported recently someone posted the link on the IB board, go find the source yourself if you want to)

1st year FO IB - circa 75k including bonus
Accountancy big 4 - gonna be starting salary circa 27k I expect, small jumps for first 3 years until qualification which would be about 40-50k. Someone working in this sector could give a better picture, but im pretty confident those are ballpark correct
Engineering - not sure on actual "engineering" jobs, however plenty of people with engineering go into IB, Consultancy, Accountancy, can pick most anything due to the fact it is well respected

Reply 6

Vindpuss

OP

6

what are the other high earning job oppurtunities available for a LSE accounting and finance grad
guys please help me.

Reply 7

crustz

7

Are you even at LSE? Why do you keep asking?

Reply 8

M_E_X

14

Original post by NW86

Ok because you're lazy.... this is the rough figures (no i wont post source, but they were reported recently someone posted the link on the IB board, go find the source yourself if you want to)

1st year FO IB - circa 75k including bonus
Accountancy big 4 - gonna be starting salary circa 27k I expect, small jumps for first 3 years until qualification which would be about 40-50k. Someone working in this sector could give a better picture, but im pretty confident those are ballpark correct
Engineering - not sure on actual "engineering" jobs, however plenty of people with engineering go into IB, Consultancy, Accountancy, can pick most anything due to the fact it is well respected

II don't think that's right, my starting salary offer was £20.6k (regional office), tiny increases for first three years and I've heard it goes up to ~£27k when you're qualified. London is starting ~£27k and up to £35k when you qualify, I think.

Reply 9

NW86

12

Yeah, I was making the assumption that the OP would be looking at london, due to the lack of IB roles in the regions. So I went with London salaries, which you've agreed is circa 27k, 40-50k is probably a bit high i agree, but i wouldnt have thought it was as low as 35???

I'm not in accountancy though, so y'no. I do work in the bigough 4 though and have done for a few years now in advisory

Reply 10

M_E_X

14

Original post by NW86

Yeah, I was making the assumption that the OP would be looking at london, due to the lack of IB roles in the regions. So I went with London salaries, which you've agreed is circa 27k, 40-50k is probably a bit high i agree, but i wouldnt have thought it was as low as 35???

I'm not in accountancy though, so y'no. I do work in the bigough 4 though and have done for a few years now in advisory

http://www.big4gossip.com/pay/basic-salaries/114-london-audit-salaries

This website has an average of £43.6k for London (audit), so it looks like you were right - sorry :smile:

Have some +rep!

Reply 11

T.Adams VI

London Big 4 qualified is around £43-45k, most leave to earn in the £50-60k region once qualified though.

Reply 12

Brighpo

I just qualified and I am on more than 45k inc (the very small bonus). London figures.

Reply 13

Ice_Queen

17

Remember other factors - IB probably has higher pay than accounting, but you work much longer hours, and it's a lot more intense.

Reply 14

Tomatochuckers

18

Original post by Brighpo

I just qualified and I am on more than 45k inc (the very small bonus). London figures.

Hey do you know how much you will earn after 10yrs experience? Congrats for qualifying :biggrin:

Reply 15

Big_Dave

Original post by Tomatochuckers

Hey do you know how much you will earn after 10yrs experience? Congrats for qualifying :biggrin:

How long is a piece of string................ It is far too much of an open ended question, it depends what level you are at in ten years, what you devide to do post qualification, how well connected you are, how motivated you are, how good at your job are, the variable could go on....... and on.

In ten years the minimum you should be on is mid fifty's to sixty +

Reply 16

TSR King

13

After 10 years you can quite easily be a director and be on £100k +

Reply 17

MagicNMedicine

20

I get the impression from the OP's question that he's not going to be the type who's resourceful enough to get a big salary anyway.

Reply 18

rza89

6

become an engineer, trust, its easier to difrentiate your self... anyone can be a banker and accountant, but engineering requires very specialist skills

accountancy vs Investment banking vs engineering salary?

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