The Student Room Group

What salary are you realistically expecting to earn?

Scroll to see replies

Original post by Scienceisgood
Anyone know the average wage for a science teacher at secondary school (including sixth form) some 10 years after getting your PGCE?


My A-Level Chemistry teacher, who is around 34 years old, earns around £50,000. He's Head of Science in his school, so he has a lot of responsibility. I told him that's a lot of money, but he goes it ain't...teachers get all the holidays, which is great.
Original post by Wisefire
See. Middle-class manifestations. Being non-PC, lol, Indian (?) doctors and BMW M3s... I have no idea why they love that particular car so much. It's too mainstream for my liking. Job satisfaction? Unheard for me, I'd rather sit at home, play videogames and be on benefits, then do a job that'll pay me no more than £30k for the rest of my life, frankly. So anyway... Are you able to get work experience (big barrier for medical applications I believe)? Will a family member provide it if so? Not having a go good luck, but want to see if even for medical students barriers to entry are affected by opportunities and socioeconomic class, and so social mobility's ****.

Just a general point (not at you ruthless): with all my rants on cash, I must note my gross household income is £60k atm. So I'm by no means poor/disadvantaged, you'd have yourself believe. Except I really kind of am, if you knew me.

Posted from TSR Mobile


... bro you ok? Where does someone even start here lol?
Original post by All Taken
I agree with this, it's important to demonstrate a sense of foresight and prior planning with regard to any respect of your life. If you go about assuming the best consistently, when something negative and unexpected happens you'd be left high and dry.

Having said that you cannot be expected to plan for every possibly detrimental occurrence which may or may not occur in your life, because it takes too much time/effort than is reasonable (what if I die today? What if I get hit by a car next week? What if our National Healthcare System explodes and hospital beds aren't free for the public? Etc). I'm sure you agree.


yeah i agree. if you plan for every eventuality you begin to think there is no point in pursuing anything
Reply 484


£19,500

Lol
Original post by Reue
£19,500

Lol


I got 19,000 :mad:

(which is actually accurate in the jobs I am getting interviews for :tongue:)
(edited 9 years ago)
I'm 10 months out of University (23) and earning £95,000 working as a Compliance Officer in an Investment Bank - have a law degree and worked seriously hard getting jobs during my degree.
Reply 487
Original post by ChaoticButterfly
I got 19,000 :mad:

(which is actually accurate in the jobs I am getting interviews for :tongue:)


To be fair, I did start on about £15k
(edited 9 years ago)
Reply 488
Original post by compliance1
I'm 10 months out of University (23) and earning £95,000 working as a Compliance Officer in an Investment Bank - have a law degree and worked seriously hard getting jobs during my degree.


Congratulations?

Seem to have missed the point of this thread :wink:
Also, why create an account just to boast about your salary?
Not looking to boast merely educate - joined the site to give students an idea on what Compliance is like in practice as few know about it and its such a growing area now. Hoping to encourage other young people to join as there is too many old people atm!!!
Original post by compliance1
Not looking to boast merely educate - joined the site to give students an idea on what Compliance is like in practice as few know about it and its such a growing area now. Hoping to encourage other young people to join as there is too many old people atm!!!


If you had a choice, would you choose Compliance over IBD and why?

Posted from TSR Mobile
Original post by Wisefire
I got told by a director at a workshop with Deutsche Bank compliance was a great field to go into. What are the chances without a law degree (mine should be economics, maybe with finance, management or history)? I heard it was more of a natural ability thing. Being able to give the details/legal details and constraints to a client, or something like that? He told us about Chinese walls and stuff like that.

Posted from TSR Mobile



The best thing about it is that its a job for life and its international as well so lots of travel. The Board at top investment banks are now so keen to get Compliance heard that we actually get an active presence their. They prefer law degrees for entry level roles however Economics degree is just as good from my personal experience. The law degree is preferred as there is a lot of reading up rules and regulations and working out how they apply to the business however if you have an analytical mindset and can demonstrate this you would be fine. Top Compliance contractors earn in excess of £1,500 a day and Heads of Compliance often earn around £200k+ with usually a 100% - 200% bonus if the team performs well but you also get a home life.... I work 7:30am - 4pm in London and its great when I get home and can spend time with the family.

It is very much about natural ability as well as some people have it and some don't - best bet to find out more is to get some experience as I did this during my degree so by the time I graduated I had a lot of exposure and knew it was right for me. Most firms take Compliance interns or even work experience students and if you show ability with basic regulatory work you soon get to do more interesting tasks.

There are many different areas of Compliance that you can specialise in but to get the most money / breadth of exposure a generalist role is best.

As an example in my role I do a bit of everything so I look at Financial Crime / Anti Money Laundering / Advisory - advising the business on policies and procedures and also regulatory changes you can also get involved in training and the monitoring side which is also quite interesting transaction monitoring listening to phone conversations and reviewing emails looking for dodgy dealing! Its all quite interesting for the right person!

Feel free to ask me more but I think you should be fine with at least a 2:1 degree and some form of internship / work experience to get you started. There are currently too many jobs and not enough goo Compliance people therefore now is a good time to get into the sector. :smile:
Original post by will2348
If you had a choice, would you choose Compliance over IBD and why?

Posted from TSR Mobile



Think iv'e kind of answered it above!

- Breadth of work e
- Exposure to the business
- Salary and work life balance
- Always jobs out there and lack of people applying for them
- Quick advancement for the right person
- Chance to travel and work internationally in most countries
- Real presence at board level.
- I know Investment Bankers and Fund Managers who have gone to Compliance after doing a stint in that sector and they all say they prefer it.
- People come from all different backgrounds
- Chance to develop your analytical skills and deliver real worth to the business.
- Getting stuck into topical issues and advising Investment Bankers on how to Comply.
- The Investigatory aspect of it is great fun.
- Its seriously important as if an employee makes a mistake he could easily get fired so the responsibility of protecting the firm as a whole is great.

The way I describe the role is its like being a Police Officer for the Bank.

I always saw myself as a Solicitor but went for Compliance due to my fathers influence but also people I had worked with and people I knew doing training contracts at top London law firms
Original post by Wisefire
Well I'll be graduating in September 2019 if things go to plan, hopefully with an economics degree, possibly with history/finance/a joint thing, to make it easier/less competitive for me to get into a target university. I'm very much going to keep compliance in mind.

Posted from TSR Mobile


That's great - I would start considering internships now it would put you ahead of the opposition and possibly apply for a grad scheme at one of the investment banks once you have some experience. Its all about experience and indeed connections so joining linkedin is also important and starting to join some groups and try to network with people in the industry I can give you my personal email if you want to know more I may also be able to assist with work experience at a later stage.
Reply 494
(edited 9 years ago)
Original post by Quady
I'm 29 and work in the public sector.
Before I applied for my current jobs I emailed the two people I knew who could be interested and asked if they were going for it. There were more roles than them so I applied.
I'm on £49,400 with a payrise due in the next couple of months.
(no family connections at all)


You should tell the Daily Mail, they would put you on the front page to expose the truth about George Osborne's "pay restraint in the public sector".

Tell them you are a gay vegetarian feminist cyclist immigrant to get a few more Mailites frothing at the mouth.
Reply 497
your total wage and net wage are VERY DIFFERENT!!! if you earn 20k when you graduate, you net wage is only 17000..http://www.listentotaxman.com/index.php
Reply 498
and use this to determine which one you are, no idea how accurate it is so maybe round it up to the nearest 000?...http://www.savethestudent.org/student-jobs/whats-the-expected-salary-for-your-degree.html
Original post by compliance1
The best thing about it is that its a job for life and its international as well so lots of travel. The Board at top investment banks are now so keen to get Compliance heard that we actually get an active presence their. They prefer law degrees for entry level roles however Economics degree is just as good from my personal experience. The law degree is preferred as there is a lot of reading up rules and regulations and working out how they apply to the business however if you have an analytical mindset and can demonstrate this you would be fine. Top Compliance contractors earn in excess of £1,500 a day and Heads of Compliance often earn around £200k+ with usually a 100% - 200% bonus if the team performs well but you also get a home life.... I work 7:30am - 4pm in London and its great when I get home and can spend time with the family.

It is very much about natural ability as well as some people have it and some don't - best bet to find out more is to get some experience as I did this during my degree so by the time I graduated I had a lot of exposure and knew it was right for me. Most firms take Compliance interns or even work experience students and if you show ability with basic regulatory work you soon get to do more interesting tasks.

There are many different areas of Compliance that you can specialise in but to get the most money / breadth of exposure a generalist role is best.

As an example in my role I do a bit of everything so I look at Financial Crime / Anti Money Laundering / Advisory - advising the business on policies and procedures and also regulatory changes you can also get involved in training and the monitoring side which is also quite interesting transaction monitoring listening to phone conversations and reviewing emails looking for dodgy dealing! Its all quite interesting for the right person!

Feel free to ask me more but I think you should be fine with at least a 2:1 degree and some form of internship / work experience to get you started. There are currently too many jobs and not enough goo Compliance people therefore now is a good time to get into the sector. :smile:

Really? In IB? And what is the salary like at the more junior scale?

Quick Reply

Latest

Trending

Trending