If someone offered you a £250k or a first class Oxbridge degree?

Me wants the money :teeth:

Reply 84

Original post by tombayes

This is a bit idealistic. Wait till you find out about capital gains tax :biggrin:

Well obviously tax will be a factor into play but the general message is true.

Reply 85

Original post by yo radical one

Unless you have either immediate investment plans for the money, or you are literally on the verge of starving to death, anyone who would take the 250k is a moron. With a first degree classification in the right subject, you would earn so much more than that in the long term and that's excluding any value of the experience itself.

I find it noteworthy that so many people on TSR, say that their education is important to them and their future success in life, but the moment it's something they wanted to achieve, but didn't quite manage to do, it becomes irrelevant.

Well yeah if you're doing medicine or law yeah but in reality you could just get a sales job or something like that post degree at any generic russell group, you'll be on 60k plus after 5 or so years and that doesn't even include OTE.

I disagree on the second bit too. Just because somebody has aspirations for something and doesn't get it doesn't mean they can't get better opportunities elsewhere. An Oxbridge degree is probably worth 100k but it's not worth what 250k lump sum can give you in the long term.

Reply 86

MrsSheldonCooper

My mate knows a guy who has a first from Oxford- He works in Sainsburys. It'd be 250k for me

Reply 87

tombayes

12

Original post by jam277

Well obviously tax will be a factor into play but the general message is true.

Not sure. I believe Capital gains tax (buy to let) on a second home could be as high as 40%. Also, houses don't make instant profit - even if their prices rise, it is to do with inflation not their real value increasing (especially outside London). £250k is not enough in my opinion to be sustainable (and actually make a profit).

Reply 88

Lyrical Prodigy

19

£250k and I'll still have the degree I'll be getting from the university I currently attend.

:tongue:

Reply 89

Original post by tombayes

Not sure. I believe Capital gains tax (buy to let) on a second home could be as high as 40%. Also, houses don't make instant profit - even if their prices rise, it is to do with inflation not their real value increasing (especially outside London). £250k is not enough in my opinion to be sustainable (and actually make a profit).

Na. My aim is essentially buying a house Renovating it for cheap and then selling the renovated house will increase it's value. You can also rent the house to people initially so they pay up money and you get profit from that.

Also If I make 60k and 40% is taken off from capital gains I'll still be getting 36k per year which is enough. I then will use some of those profits to buy houses in areas that will rise the most in price.

(edited 9 years ago)

Reply 90

Treen98

13

No way would I take the money,
With a useful degree you'd hopefully be employed earning 50K so in a few years you've earned the 250K.
However this is provided you've actually done the work and education for a degree, and not just received a piece of paper saying you have.

Reply 91

SarcasticMel

2

Original post by tombayes

This is a bit idealistic. Wait till you find out about capital gains tax :biggrin:

Not really, if you buy a house and rent it out after some years you have enough to buy a second one.

But yes it doesn't go that fast and it will be a hassle. Also depends on the mortgage rate you can get

Posted from TSR Mobile

Reply 92

yo radical one

6

Original post by jam277

Well yeah if you're doing medicine or law yeah but in reality you could just get a sales job or something like that post degree at any generic russell group, you'll be on 60k plus after 5 or so years and that doesn't even include OTE.

I disagree on the second bit too. Just because somebody has aspirations for something and doesn't get it doesn't mean they can't get better opportunities elsewhere. An Oxbridge degree is probably worth 100k but it's not worth what 250k lump sum can give you in the long term.

If it was something stupid and pointless sure, but say a good STEM subject you would get onto a great graduate program and probably get paid 30k per year easily, whilst also studying. You would quickly be able to establish yourself as the golden boy/girl

I know you can get better opportunities elsewhere of course, but I do think that people were being slightly defensive when they go out of their way to prove that Oxbridge doesn't guarantee success in life and posting articles of successful people who did not go etc. A secure person, wouldn't care and be successful either way. A similar thing is when people who don't go to university run on about Alan Sugar - He achieved a lot, it has no relevance to them though

It would be interesting if a group of statisticians did some kind of valuation of degrees for all universities, classifications etc though.

(edited 9 years ago)

Reply 93

HarryDn

9

Original post by MrsSheldonCooper

My mate knows a guy who has a first from Oxford- He works in Sainsburys. It'd be 250k for me

What subject?

Reply 94

TurboCretin

I have a 1st from another top university and a job, so money for me please.

Reply 95

tombayes

12

Original post by jam277

to buy houses in areas that will rise the most in price.

The Royal Borough of Kensington & Chelsea :biggrin:

. (Average semi-detached £8.2 Million, 5 years ago £4.3 Million)

Reply 96

JC.

19

Money.
250 grand will get you a lot further invested wisely than a piece of paper.

Reply 97

MrsSheldonCooper

Original post by HarryDn

What subject?

Physics

Reply 98

Original post by yo radical one

If it was something stupid and pointless sure, but say a good STEM subject you would get onto a great graduate program and probably get paid 30k per year easily, whilst also studying. You would quickly be able to establish yourself as the golden boy/girl

First bit hardly anybody actually gets into these things without having connections, I guess you can get that at Oxford or RG universities but chances of you suddenly getting that and becoming super rich isn't the highest. You can get 30k per year doing loads of things. Heck pretty much all my family besides me are on 30k jobs minimum and while all of us went to university, with two of us going to RGs doing quite good courses we are not particularly the sharpest tools in the box academically in TSR terms, just knew how to get a job, work hard and get onto good money. I've been getting onto interviews for 30k+ jobs with potential to rise above so I don't think it's that amazing. A degree + experience is more important than the prestige of the degree and university.

I know you can get better opportunities elsewhere of course, but I do think that people were being slightly defensive when they go out of their way to prove that Oxbridge doesn't guarantee success in life and posting articles of successful people who did not go etc. A secure person, wouldn't care. A similar thing is when people who don't go to university run on about Alan Sugar - He achieved a lot, it has no relevance to them though

That's true but the OP's agenda is him flaunting about his First at Oxbridge, which I showed by the post that I quoted a couple pages back. So if anything he's being insecure himself(although you'd suspect a guy with a first at Oxbridge wouldn't need to flaunt his grades on a student forum in the first place but oh well).

It would be interesting if a group of statisticians did some kind of valuation of degrees for all universities, classifications etc though.

Yeah you'd expect LSE firsts and Imperial firsts to get the highest, Imperial are STEM so they'll be getting shedloads of money via the likes of medicine, maths engineers and physicists while LSE people will be getting shed loads of money because of maths/economic grads and the shedloads of investment bankers that go through their uni. Oxbridge a close next, with Warwick and UCL will under slightly, Probably forgetting lawyers here though.

(edited 9 years ago)

Reply 99

TurboCretin