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

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    (Original post by 19cvabn)
    but at least we can see the our tax being use properly such as free health care, free education except tertiary education, child benefits and etc. In US, one illness could actually bankrupt you, or even child birth in US is extremely costly. I know some Americans paid almost 90k being admitted in the hospital for 1 week stay! In my own perspective, I think uk is far more better than uk in a form of standard living.
    But for salary, i'll go for US, but outweighting some factors id rather chose uk than US.
    Most jobs in the US provide health care insurance to their workers, the "lack of insurance" thing was mainly a problem affecting the bottom 10-20% of the population (and students). But anyway, post-Obama everyone has insurance.

    Most state schools in the UK are terrible, particularly in the South-East. Again, this has got a lot worse over the last 20 years and we are at a stage where London state schools are essentially now unusable for most middle class families - the majority of children in London primary schools dont even speak English as a first language these days.. So realistically you need to either move to a fairly wealthy area where the schools are decent, or pay for private education. If you go back 20 years, most middle class families could afford to do this. These days, due to house price inflation and soaring private school costs, good education is pretty much limited to the upper-middle class - the days of a school teacher or accountant being able to scrimp and save to send their kids to an independent school are long gone, at least in the South-East.

    The UK is a great place to be poor, but the cost of providing all the benefits we do to the poor is that the average person has a far lower quality of life (financially) than the average person in the US.
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    (Original post by poohat)
    Its almost impossible to answer this because due to the last 15 years of developments in the UK, your actual salary is far less important than a) which city you live in, and b) how much money your parents are able to give you to help you get on the property ladder. Someone earning £40k in Manchester who's parents can give them £50k for a deposit is going to have a higher quality of life (financially) than someone earning £80k in London and doesnt have parents to help them, so they have to blow most of their money on rent and will struggle to ever buy a decent house.

    Personally I live in London and dont have kids, and my opinion is that if I had kids I would need to earn at least £150k to live within Zone 2-3 and have a reasonable quality of life. If I was willing to move outside London and spend an hour commuting in (which most people end up doing) then I think around £60-80k would be the bare minimum.

    Most realistically I will leave London in the future and either move abroad, or somewhere else in the UK. In most other cities, £40k is probably enough to be comfortable.
    Thanks. Well, a £150k salary is the ambition then. Just what do I have to do to get there, apart from 'work hard'? OK, A*A*A*, good university, first class degree, work experiences... Then what? That's the great question...

    I have very much thought of moving to Zurich or Dubai myself, or possibly the USA. If I were, I'd move to Los Angeles. In terms of job prospects, what's your view on which city is best? NYC, LA, Chicago?

    The value of my assets, once my current/parents house's mortgage is (soon) paid off, will definitely be enough to buy a £600k property with a new mortgage.

    May I ask by way, if it's not too intrusive, what your salary is, roughly? Round it up/down to the nearest ten-thousandth if you must... (£50k? £40k? £60k?)

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    (Original post by Wisefire)
    Thanks. Well, a £150k salary is the ambition then. Just what do I have to do to get there, apart from 'work hard'? OK, A*A*A*, good university, first class degree, work experiences... Then what? That's the great question...

    I have very much thought of moving to Zurich or Dubai myself, or possibly the USA. If I were, I'd move to Los Angeles. In terms of job prospects, what's your view on which city is best? NYC, LA, Chicago?

    The value of my assets, once my current/parents house's mortgage is (soon) paid off, will definitely be enough to buy a £600k property with a new mortgage.

    May I ask by way, if it's not too intrusive, what your salary is, roughly? Round it up/down to the nearest ten-thousandth if you must... (£50k? £40k? £60k?)

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    The word hardwork mustbe overemphasize if you want to be sucessful on your job. grades, good uni, uni classification and money is just a piece of paper, its not necessary if you have these things you would be sucessful and earn 150k. But if you want to earn this amout, it takes perseverance, ethic and attitude, if you dont have this on your personality,I dont think u would achieve that amount or just find a mediocre job.

    I know someonewho work in mbda, he started off working at the age 19 and moves to corporate ladder, he told me, he didnt even step foot on a university ground before till now! I think hes executive and head in finance and his annual bonus could litterally buy a 1 bedroom house! Thats how rich he is! Mind you he didnt even have uni experience or good grades, but he is a hard worker.

    But you might be like him, a hardworking person for archieving 3a*. Only time will tell.
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    (Original post by 19cvabn)
    The word hardwork mustbe overemphasize if you want to be sucessful on your job. GRADES, GOOD UNI, UNI CLASSIFICATION AND MONEY is just a piece of paper, its not necessary IF YOU HAVE THESE THINGS YOU WOULD BE SUCESSFUL AND EARN 150K. But if you want to earn this amout, it takes perseverance, ethic and attitude, if you dont have this on your personality,I dont think u would achieve that amount or just find a mediocre job.

    I know someonewho work in mbda, he started off working at the age 19 and moves to corporate ladder, he told me, he didnt even step foot on a university ground before till now! I think hes executive and head in finance and his annual bonus could litterally buy a 1 bedroom house! Thats how rich he is! Mind you he didnt even have uni experience or good grades, but he is a hard worker.

    But you might be like him, a hardworking person for archieving 3a*. Only time will tell.
    Wait, so you're saying those things I've put in capital letters in the quote actually WILL most likely lead to monetary success/"£150k", in your view?

    Even after getting something like triple A* (I'm very far off that right now; more like A*AA maximum lol), the idea of £150k seems so far away... Either I get into The City, and £150k shouldn't be ridiculously ambitious at all in that case... Or, I work very hard and effectively at whatever other job I get, hoping to get to that level. I'd be MORE than willing to do overtime (I'd say I could tolerate working up to 15 hours a day), and work multiple jobs if I had the time too.

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    (Original post by Wisefire)
    Wait, so you're saying those things I've put in capital letters in the quote actually WILL most likely lead to monetary success/"£150k", in your view?

    Even after getting something like triple A* (I'm very far off that right now; more like A*AA maximum lol), the idea of £150k seems so far away... Either I get into The City, and £150k shouldn't be ridiculously ambitious at all in that case... Or, I work very hard and effectively at whatever other job I get, hoping to get to that level. I'd be MORE than willing to do overtime (I'd say I could tolerate working up to 15 hours a day), and work multiple jobs if I had the time too.

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    What I meant was, you dont need to have those things to be sucessful, (if you have it thats GREAT!!) goodluck thou
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    (Original post by Wisefire)
    Wait, so you're saying those things I've put in capital letters in the quote actually WILL most likely lead to monetary success/"£150k", in your view?

    Even after getting something like triple A* (I'm very far off that right now; more like A*AA maximum lol), the idea of £150k seems so far away... Either I get into The City, and £150k shouldn't be ridiculously ambitious at all in that case... Or, I work very hard and effectively at whatever other job I get, hoping to get to that level. I'd be MORE than willing to do overtime (I'd say I could tolerate working up to 15 hours a day), and work multiple jobs if I had the time too.

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    15 hours a day?! Surely there must come a point where your leisure time becomes worth more than the money which you seem obsessed by :P

    You seem to be worrying about it, just stop. You're lower sixth, right? The best thing for you to be putting all your time into at the moment is your A levels. Whilst its good to be thinking ahead (albeit far ahead here seemingly) there are things which must come first, in particular here one of the most important things- your grades. Best of luck, you'll do fine. You clearly have the motivation and drive, and A*AA is not 3A*s but its damn good. Which subjects?
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    (Original post by stirkee)
    15 hours a day?! Surely there must come a point where your leisure time becomes worth more than the money which you seem obsessed by :P

    You seem to be worrying about it, just stop. You're lower sixth, right? The best thing for you to be putting all your time into at the moment is your A levels. Whilst its good to be thinking ahead (albeit far ahead here seemingly) there are things which must come first, in particular here one of the most important things- your grades. Best of luck, you'll do fine. You clearly have the motivation and drive, and A*AA is not 3A*s but its damn good. Which subjects?
    Maths, Economics. Physics and History. Yeah, true there is a very big rift between 1 and 3 A*s, but I meant that notion in a more metaphorical sense (ie good academics from A levels and onward).

    Yeah, I am money-obsessed, for a lot of reasons. You're right though; I've seriously just got to focus on getting good A levels next year.
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    (Original post by Wisefire)
    Maths, Economics. Physics and History. Yeah, true there is a very big rift between 1 and 3 A*s, but I meant that notion in a more metaphorical sense (ie good academics from A levels and onward).

    Yeah, I am money-obsessed, for a lot of reasons. You're right though; I've seriously just got to focus on getting good A levels next year.
    Similar to what I took (I've just left upper sixth)- I took the same bit Fmaths instead of Physics, did them all to A2. (Well techinally history wasn't an A2, it was a Pre-U but yeah).
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    (Original post by ldsbabe)
    Honey, the thing you must realise about TSR is that it is full of extremely sheltered 18 year olds that still believe they are going to earn £100k after graduation.
    I think this response just about sums up the thread
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    These kinds of threads just make me wish I was Beyonce even more. :’)
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    Money doesn't buy you happiness, haven't you noticed half these people who are in the city on big salaries don't spend the WHOLE of their working life there unless of course they end up in top positions. I cant rember where I read it think it was young lawyer or something but the average commercial lawyer in the city working for the 70k plus firms averaged about 10 years in the city before they burnt out. It depends what you want in life yes you can work 15 hour days and earn **** loads of money but equally who are you going to enjoy spending that money with if your working non stop your never get the opportunity to have a life outside of work.
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    (Original post by SillyMilly)
    Money doesn't buy you happiness, haven't you noticed half these people who are in the city on big salaries don't spend the WHOLE of their working life there unless of course they end up in top positions. I cant rember where I read it think it was young lawyer or something but the average commercial lawyer in the city working for the 70k plus firms averaged about 10 years in the city before they burnt out. It depends what you want in life yes you can work 15 hour days and earn **** loads of money but equally who are you going to enjoy spending that money with if your working non stop your never get the opportunity to have a life outside of work.
    This is exactly what makes me really strongly consider dentistry.
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    (Original post by SillyMilly)
    Money doesn't buy you happiness, haven't you noticed half these people who are in the city on big salaries don't spend the WHOLE of their working life there unless of course they end up in top positions. I cant rember where I read it think it was young lawyer or something but the average commercial lawyer in the city working for the 70k plus firms averaged about 10 years in the city before they burnt out. It depends what you want in life yes you can work 15 hour days and earn **** loads of money but equally who are you going to enjoy spending that money with if your working non stop your never get the opportunity to have a life outside of work.
    If you work in IB, it's more like three to five years.

    Don't understand why everyone always assumes a trade-off though. You can work in the City for a period of time, make your money, then leave. You will have options to go into something with more or equivalent or slightly less pay with way better hours that you would not have previously had access to, then you bring up a family in a financially secure environment. That way, rather than struggling when having kids you can actually enjoy the time you spend with them and do more exotic things together.

    Money doesn't buy happiness but it solves 99% of the problems that make you unhappy.

    For most people, what is above is a good deal. Make a sacrifice during the years where you would probably be messing around anyway then leave and bring up a family and have a financially secure future.

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    (Original post by poohat)
    After tax and student loans, £50k a year is a take home salary of £33k (it will take around 15-20 years to clear your student loans on a £50k salary, so you can consider it a lifelong tax for all intents and purposes).

    Lets say you have someone living in London working a low paid job where they only earn £20k a year. This works out as £16k after tax. Assuming that they have 2 children (which most people do in their 30s), they will be entitled to £14300 of government benefits every year, which roughly breaks down as £7k housing benefit, £5k child benefit, £2k tax credit (you can check the numbers here: http://www.entitledto.co.uk/ if you dont believe the numbers are so high). This means that their net earnings is £30,300.

    So in practice, your £50k job means that you have £2700 a year more than someone who is working a near-minimum wage £20k job. Enjoy your 'high salary'.
    Oh okay. I see what you mean :laugh:, I didn't know that before this.

    But obviously I do hope to earn over £50k as I said, and it seems fairly achievable, for me anyway.
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    (Original post by LeBron96)
    Oh okay. I see what you mean :laugh:, I didn't know that before this.

    But obviously I do hope to earn over £50k as I said, and it seems fairly achievable, for me anyway.
    Good for you about that. Likewise, I'm highly confident I'll pass £50k at the very least, especially if improvement per generation is to be believed. However, what for you makes you say that's "fairly achievable". I just want to get an idea of what exactly gives one that level of confidence, for I'm personally worried I (somehow) won't break £50k even with impeccable academics, as a surprising number of people on TSR themselves think. I have no idea if people on TSR are pessimistic, unaware, disadvantaged (would very much like to know how if so) or pragmatic with good reason/awareness instead. I want to basically break 6 figures in all honesty, as a slightly longer term career goal; if not, £80k+... But the younger the better I suppose.

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    Computer science.
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    (Original post by Wisefire)
    Good for you about that. Likewise, I'm highly confident I'll pass £50k at the very least, especially if improvement per generation is to be believed. However, what for you makes you say that's "fairly achievable". I just want to get an idea of what exactly gives one that level of confidence, for I'm personally worried I (somehow) won't break £50k even with impeccable academics, as a surprising number of people on TSR themselves think. I have no idea if people on TSR are pessimistic, unaware, disadvantaged (would very much like to know how if so) or pragmatic with good reason/awareness instead. I want to basically break 6 figures in all honesty, as a slightly longer term career goal; if not, £80k+... But the younger the better I suppose.

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    It because there are not many degrees that can guarantee that type of money, or at least make it very likely. An engineer with ~15 years experience whos chartered might break 70k MIGHT. They will often be the best engineers from the top unis.
    A dentist ffs, a ****ing dentist won't be hitting 100k+ unless they own a practice or are specialists. At this point we're talking the top % of earners.

    http://gyazo.com/59ed328365b1d683d215f5e2d88c3b63

    'Elite' class, look at those professions and the average income.
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    (Original post by alevelzzz)
    It because there are not many degrees that can guarantee that type of money, or at least make it very likely. An engineer with ~15 years experience whos chartered might break 70k MIGHT. They will often be the best engineers from the top unis.
    A dentist ffs, a ****ing dentist won't be hitting 100k+ unless they own a practice or are specialists. At this point we're talking the top % of earners.

    http://gyazo.com/59ed328365b1d683d215f5e2d88c3b63

    'Elite' class, look at those professions and the average income.
    Yeah I'm aware of that new class system, I very much go by it lol. I see yeah engineering is fine. I mean, all I'll ask is, in your opinion: I've worked it out and know that yes, it is enough, but do you think £70k/£80k is enough to save for a £75k car if you're really dedicated to it. I mean, saving £2k+ a month from a £4k/month salary shouldn't be hard so long as you're willing to live a supposedly frugal life for 3/4 years. You think £70k is enough for a middle-class existence, like holidays abroad, traveling the world, nice car, £500k-£700k house max?

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    (Original post by Wisefire)
    Yeah I'm aware of that new class system, I very much go by it lol. I see yeah engineering is fine. I mean, all I'll ask is, in your opinion: I've worked it out and know that yes, it is enough, but do you think £70k/£80k is enough to save for a £75k car if you're really dedicated to it. I mean, saving £2k+ a month from a £4k/month salary shouldn't be hard so long as you're willing to live a supposedly frugal life for 3/4 years. You think £70k is enough for a middle-class existence, like holidays abroad, traveling the world, nice car, £500k-£700k house max?

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    Not the best of holidays and houses, but, under the informal class system, lower-middle/-middle-middle class.
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    (Original post by Jammy Duel)
    Not the best of holidays and houses, but, under the informal class system, lower-middle/-middle-middle class.
    So what salary do you think affords an upper-middle class life/what I wrote, and a bit more? £100k (£5100 per month)?

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