I'm 24 and I earn £50k a year AMA

Are you Indian by any chance?

Congratulations op. You're doing well in your career and remain rooted and humble. It's nice to see someone giving back to the forum

If you are happy in the work you do, life becomes easier and the money takes care of itself as you gain skills and experience. The alternative is to burn out and/or become miserable

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Are you Indian by any chance?

Given the salary range I'm assuming the back is fairly large - do you b work on specific products or is it a mix? What accounting/treasury systems do you have?

How do you know what life he wants? My sister and her boyfriend rent in London, earn less than 50k and have a pretty good life in my eyes.
A good lifestyle is very subjective.

you can get that life you want

Because 50k salary doesn't necessarily correlate to this:


Yes it's enough for some, but for the majority, it isn't likely. Most people are unlikely to be content with sharing a house with others or living far out and having to spend a significant portion of their time commuting.

I actually live and work in London, all myself and my colleagues earn over 50k yet many of us are still renting small apartments and rely on heavy budgeting. Either way, my salary may be higher since moving to London but I had a much better life back in Bristol with a lower salary.

Where do you live in London? It's all relative, perhaps you came from a more comfortable background, so now you perceive your lifestyle to be less than what you are accustomed to.

Edit:

Haha, my question was answered by a quick look into your post history.

A thread of yours- 'I'm a landlord, AMA'.

"Whether or not we Landlords are human(e), do we really care about our tenants? Whatever, fire away.

Yes your rent money does pay for our nice cars."

It appears wealth is very relative indeed, you do seem to suffer a very poor, basic life stlyle!
Poor you, with your above £50K income, your rental property, and your nice cars

If you bothered to read, my post is about people on 50k. Hence why my example was about my colleagues. Obviously I don't have this problem as I have additional income from investments.

Perhaps you should bother to read your own posts-

"Either way, my salary may be higher since moving to London but I had a much better life back in Bristol with a lower salary."

Yeah your post wasn't at all about you.

Well, technically I'm in the middle, not the back but I agree, the infrastructure function is fairly large.I work on product control for a specific desk, before this I did a rotation around a few desks. I'd prefer not to give away my firms details and disclosing accounting systems, stuff like that.

what are your future plans, do you plan on continuing to stay in product control for your bank, make a move?

also what are your favourite reads about banking?

is there anything you'd recommend doing to get in the highest bonus pool? (if that pooling system applies to your area?)

thank you

Do you invest in the market?

Typo, meant bank. Fair enough, why product control rather that say FP&A?

1) Inprefer not to say what uni as it could reveal my identity. But it's not a top top uni, although it is in the Russell Group list of unis.
2) Yes, I did an internship.
3) I have been working there for three years. I was earning £30k plus a small bonus.
4) I rent a flat with three flat mates who I knew from uni. The rent is quite low since we're sharing so I'm not finding it difficult.

I'm hoping to be promoted to a Vice President level in five years, which can push up my total compensation to near six figures.