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Which graduates are most likely to make 50k+ in their careers?

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Original post by M1011
One post up, stop struggling so much with simple tasks.

Plus if you're going to be a douche about it, then I didn't actually say "the exact post 1 above this one" did I? I said the post above the one you applied to, and low and behold the post two above the one you replied to which you were quoted in and was on the blooming topic being discussed was the one I meant. It was above was it not?

But that's a quote, not a post, and as I said, read the whole exchange and explain to me how it is dismantling the point.
Original post by M1011
Why do people always say 45k then? Why would literally everyone who ever posts about IB salaries use 45k if in reality it's 70k? It doesn't add up.


Most sources only quote the base salary (in principle, a bonus can be withdrawn any time) but a quick search on Google will reveal if you include bonuses, it's much higher than that in your first year (not always by loads, it depends on the bank, but usually at least 50k+). I've seen people on here quote higher figures, most of the 45k posts are either from people who don't work in IB or are just quoting base salary. I can assure you with 100% confidence it is higher than 45k, I know people who work in IB, everyone in front office roles start on more than that. But if you insist, I can get exact sources later.

I mean, interns get 45k pro rota because they are not entitled to bonuses so obviously a first year will earn more.

Edit: Literally found this within a three second search on Google just to give more than my word: http://www.allaboutcareers.com/articles/post/banking-finance-accountancy/investment-banking-analyst-salary-index.htm

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(edited 9 years ago)
Reply 242
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M1011
19
Original post by Jammy Duel
But that's a quote, not a post, and as I said, read the whole exchange and explain to me how it is dismantling the point.


It''s a quote in a post? Do you know what a post is? Seriously... I just have no words to describe this...
Original post by de_monies
"only" £40,000 is a lot of money...


Not considering the amount of work you need to do to get on the course or that the degree is five years. It's a lot of money compared the population as a whole but not compared to people of the same calibre.
An average newly qualified actuary earns 50k according to their website.


What is an actuary?
Actuaries are experts in risk management. They use their mathematical skills to help measure the probability and risk of future events. This information is useful to many industries, including healthcare, pensions, insurance, banking and investments, where a single decision can have a major financial impact.


You need a B in Maths A-Level and a 2.1 in a maths ("numerate") based degree.
You study for exams and you're labelled as an 'Student Actuary'. ("This usually takes between three and six years.") while being payed 35k a year.

Source: http://www.actuaries.org.uk/becoming-actuary/pages/what-can-actuary-earn
(edited 9 years ago)
Original post by M1011
It''s a quote in a post? Do you know what a post is? Seriously... I just have no words to describe this...

Actually explain what objection you have or drop the conversation. Do one or the other rather than trying to sound smart.
How much do forensic psychiatrists get paid?? I might do medicine and was just thinking if psychiatry was worth it or else I might do a degree in economics from Nottingham/Bristol/queens marry


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Original post by Slim Shady 96
How much do forensic psychiatrists get paid?? I might do medicine and was just thinking if psychiatry was worth it or else I might do a degree in economics from Nottingham/Bristol/queens marry


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If you're looking for money DO NOT go into medicine.
You have years of grovel and **** pay until you start earning a decent salary.
Dentistry is a much better option in this regard.
Original post by ando181
If you're looking for money DO NOT go into medicine.
You have years of grovel and **** pay until you start earning a decent salary.
Dentistry is a much better option in this regard.


Idk psychiatry always intrigued me (and Hannibal made me want to do it even more aha) but what about doing an economics degree from the unis I mentioned? Do I have any chance of earning loads?



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miml
17
I work (or rather will start) in IB. I can confirm base is 45k and sign on is 6k. This is standard for the majority of banks in London.

Bonus varies considerably, from bank to bank and again by analyst. Median bonus was apparently 22k last year, and I'd expect that'll stay the same +/- 10% (more likely to be + in all honesty).

average analysts at good banks can expect 70k in their first year.
Original post by miml
I work (or rather will start) in IB. I can confirm base is 45k and sign on is 6k. This is standard for the majority of banks in London.

Bonus varies considerably, from bank to bank and again by analyst. Median bonus was apparently 22k last year, and I'd expect that'll stay the same +/- 10% (more likely to be + in all honesty).

average analysts at good banks can expect 70k in their first year.


How hard is it to get into investment baking? And what will you do all day? Can I get into investment banking from a uni like idk surrey or queens Mary or Nottingham?


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Original post by Slim Shady 96
How hard is it to get into investment baking? And what will you do all day? Can I get into investment banking from a uni like idk surrey or queens Mary or Nottingham?


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Do you want to work 70-100 hours a week? If not, then don't bother. It's horrendously difficult to get in. Morgan Stanley had 90,000+ applications for 1,000 places globally last year.

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(edited 9 years ago)
Original post by will2348
Do you want to work 70-100 hours a week? If not, then don't bother. It's horrendously difficult to get in. Morgan Stanley had 90,000+ applications for 1,000 places globally last year.

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I don't mind working long hours but I guess it's risky because the chances of me getting in will be low?


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miml
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Original post by Slim Shady 96
How hard is it to get into investment baking? And what will you do all day? Can I get into investment banking from a uni like idk surrey or queens Mary or Nottingham?


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1. Extremely.
2. For the first 2/3 years... Excel/Powerpoint work. Build models, pitch books. (This is M&A, there's lots of different roles in an investment bank, and investment banking refers to a number of things).
3. Not gonna lie, probably not. Even the least prestigious banks focus their recruitment on Oxbridge, Warwick, UCL, Imperial, LSE. Other red bricks like Bristol/Notts etc get a look in but the vast majority are going to be from those top 6 'target' unis.

http://www.thestudentroom.co.uk/showthread.php?t=259237 for more info.
(edited 9 years ago)
Original post by Slim Shady 96
How hard is it to get into investment baking? And what will you do all day? Can I get into investment banking from a uni like idk surrey or queens Mary or Nottingham?


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Depends on how much experience you have... Are you still stuck on buns, or have you progressed to cakes yet?


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Original post by will2348
Do you want to work 70-100 hours a week? If not, then don't bother. It's horrendously difficult to get in. Morgan Stanley had 90,000+ applications for 1,000 places globally last year.

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I'd rather earn 70k as a dentist working 35 hours a week. 70+ hours aint for me.
Original post by alevelzzz
yes, they're probably quite likely.
Are they as likely as medics/dentists?
From what I've seen earning 60k as an engineer is usually only for very experienced individuals ~15 years +


A lot of engineers will work in their specialised field for a bit then when they have enough experience will go off and do an MBA or something and get into the management side of the career. So they aren't really engineers anymore, not going by job title anyway, which is something the stats aren't likely to include.


Original post by plusC
Mathematics graduates have the potential to make loads


So does anyone really...including people who left school at 14...jus sayn


Original post by GeogBerry
From personal experience, I know of people on around £50k who did chemistry, physics, biochemistry, computer science and engineering. Tbf I also know of people who didn't get a degree and they're on more as well


Thing about computer science is it is a rapidly advancing field, which means it also changes very quickly. As a result, it is one of the few (maybe the only) career where fresh graduates are preferred to experienced professionals who have been working for many years. Sure, companies will provide training to ensure their experienced employees are kept up to date. But you need to remember the amount of graduates coming out of uni each year and consider their starting salary compared to someone who has been working for 15+ years. Lose/quit your job in comp. sci. after working in it for 15 years...you'll be lucky to land a job with £50k+, unless you've made a big name for yourself somehow..in which case you're likely better off self-employed anyway.
Original post by miml
1. Extremely.
2. For the first 2/3 years... Excel/Powerpoint work. Build models, pitch books. (This is M&A, there's lots of different roles in an investment bank, and investment banking refers to a number of things).
3. Not gonna lie, probably not. Even the least prestigious banks focus their recruitment on Oxbridge, Warwick, UCL, Imperial, LSE. Other red bricks like Bristol/Notts etc get a look in but the vast majority are going to be from those top 6 'target' unis.

http://www.thestudentroom.co.uk/showthread.php?t=259237 for more info.


Friend of mine works at Goldmansachs...degree from QUB

Another who works at the same company...Bath uni

so yeah...don't believe anything you read on this stupid website in regards to company recruitment or university 'prestige'. It is full of babies taking their ****ing GCSEs or A-levels, maybe even their KS3 exams who have ZERO experience in applying for graduate jobs let alone actually getting a job...jus sayn
Original post by alevelzzz
I'd rather earn 70k as a dentist working 35 hours a week. 70+ hours aint for me.


True, but your pay is relatively static in dentistry. It isn't in banking. As you get more senior, the hours gradually go down and the pay goes up.

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Original post by Et Tu, Brute?
Friend of mine works at Goldmansachs...degree from QUB

Another who works at the same company...Bath uni

so yeah...don't believe anything you read on this stupid website in regards to company recruitment or university 'prestige'. It is full of babies taking their ****ing GCSEs or A-levels, maybe even their KS3 exams who have ZERO experience in applying for graduate jobs let alone actually getting a job...jus sayn


I'm sure the guy above was referring to front office roles. I could be wrong here so do correct me, but I'd bet your friends are working at GS in middle/back office roles?

Also, the guy who wrote that which you've dismissed as a 'baby' has just landed a full-time offer at a great bank so I think he is rather more credible to be honest.

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