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    http://www.listentotaxman.com/index.php
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    (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.
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    (Original post by MagicNMedicine)
    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.
    I just don't get this thread. If (yes, IF) I get to a university like UCL/Warwick/LSE, surely £50k by about 30 would not be ridiculously exceptional, like what you make it out to be (dependant on degree/experience)? 30 is 8-9 years after graduation/that many years work experience, at minimum. The term 'young professional'... Just what exactly does that imply, salary-wise? I'm just saying, surely most that go to top universities DO eventually make it to becoming a large part of senior professionals/the upper-middle class, right?

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    (Original post by Chlorophile)
    75k is about twice the average salary in London so I don't it's that bad.
    You say that as if twice isn't that great a leap (when you say "it's not that bad" etc)... As in, in London, do you think you'd have to be earning £100k+ before you become a top 3% earner, and £75k isn't even that uncommon? I know the average is £39k.

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    (Original post by Quady)
    Yet you think £75k at 35 is pretty poor in London
    I said that as ~£50k at about 30 could be seen to be a linear progression to £75k at 35 (if one starts at ~£25k at 25). 35 in my view is later then I'd want, and yes, of you haven't already got supporting capital/assets to back you, £75k at 35 in London is slightly too low, and a bit too late... How hard is it to get secondary incomes (eg via a second job/buying or starting a business)...? Do many people do this (get secondary incomes)?

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    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
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    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/studen...ur-degree.html
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    (Original post by Wisefire)
    I said that as ~£50k at about 30 could be seen to be a linear progression to £75k at 35 (if one starts at ~£25k at 25). 35 in my view is later then I'd want, and yes, of you haven't already got supporting capital/assets to back you, £75k at 35 in London is slightly too low, and a bit too late... How hard is it to get secondary incomes (eg via a second job/buying or starting a business)...? Do many people do this (get secondary incomes)?

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    It's rarely linear though, it tends to tail off the more senior you get...

    As someone in their early 30s, none of my friends from uni are earning £75k yet, although one or two of them might be the time they are 35.

    As for second incomes, that's unlikely unless you have inherited a lot of money to invest in property. Any other form of secondary income is very difficult because anyone earning over £50k is more than likely working 50 hour weeks anyway.


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    (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.
    Really? In IB? And what is the salary like at the more junior scale?
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    (Original post by TheWaffle)
    Just focus on being happy. Find a job that you love to get up and do in the morning :cool:
    Then it doesn't matter as much what you earn and you won't get so caught up on salary. Do you have any hobbies you enjoy? I got into a top 6 uni and then rejected it because I wouldn't have enjoyed it lol
    The world, and this forum, needs more people like you.
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    Petroleum/chemical engineer so £50k +
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    Approx £50k+

    with maybe 4-5 years exp lol

    Don't really care how much I get as long as it's comfortable for me and my future family to do the things we want to do.
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    Money is not what I want so whatever i enough for what I really need and not what I really want.
    So whatever pounds it may be a year.



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    Chemical Engineering at Cambridge:

    - 70k+ in 4 years after graduating http://www.prospects.ac.uk/chemical_engineer_salary.htm

    - 200k+ after 4 years if I go into IB

    - 184k after 3 years (+ 1 year conversion course) if I go into corporate law (I know somone who has done this already)

    - 100k by the time I'm 35 if I do a post grad med course

    Just got to work hard and all that is achievable
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    (Original post by Davelittle)
    Chemical Engineering at Cambridge:

    - 70k+ in 4 years after graduating http://www.prospects.ac.uk/chemical_engineer_salary.htm

    - 200k+ after 4 years if I go into IB

    - 184k after 3 years (+ 1 year conversion course) if I go into corporate law (I know somone who has done this already)

    - 100k by the time I'm 35 if I do a post grad med course

    Just got to work hard and all that is achievable
    With my current A-levels (maths, economics and history at A2, and physics AS), what would you say is the best course I should take at university, to be in good contention for such jobs at a relatively YOUNG age? Say I got A*AAe or better in these A-levels, and I took a gap year/reapplied... What courses would be open to me, and best to take, to get into IB, or some sort of other field that pays highly? Indeed, I'm blocked out of Chemical Engineering cos of my A-levels. Do you think something like Economic History (less competitive) at a banking target would be open to me, meaning I'd have a chance of getting into IB? What would you suggest? I'm willing to work hard for such salaries you've stated. They intimidate me, and bloody upset/motivate me quite frankly...

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    (Original post by Wisefire)
    With my current A-levels (maths, economics and history at A2, and physics AS), what would you say is the best course I should take at university, to be in good contention for such jobs at a relatively YOUNG age? Say I got A*AAe or better in these A-levels, and I took a gap year/reapplied... What courses would be open to me, and best to take, to get into IB, or some sort of other field that pays highly? Indeed, I'm blocked out of Chemical Engineering cos of my A-levels. Do you think something like Economic History (less competitive) at a banking target would be open to me, meaning I'd have a chance of getting into IB? What would you suggest? I'm willing to work hard for such salaries you've stated. They intimidate me, and bloody upset/motivate me quite frankly...

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    Economics at a target uni will set you up for a job in IB, in fact any degree at Oxbridge/LSE/imperial will do.
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    (Original post by StevenJH)
    The world, and this forum, needs more people like you.
    Aw thanks! That means a lot
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    My course isn't there as it is a joint, although the highest one out of the courses in the join course is £30,000, meh not bad. Although I'll probably take that with a pinch of salt.
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    (Original post by TheWaffle)
    Just focus on being happy. Find a job that you love to get up and do in the morning :cool:
    Then it doesn't matter as much what you earn and you won't get so caught up on salary. Do you have any hobbies you enjoy? I got into a top 6 uni and then rejected it because I wouldn't have enjoyed it lol
    But then you can say that if you just bear the pain, the life you'd have after you retire will be a lot more luxurious than if you did what you loved for the whole time and that could also mean more happier as you'd be able to do things you might not necessarily have been able to.
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    (Original post by Davelittle)
    Economics at a target uni will set you up for a job in IB, in fact any degree at Oxbridge/LSE/imperial will do.
    Well I'm aiming for A*AA, hopefully A*A*A at my peak. Problem is, I'm going to be doing AS retakes alongside A2s. A-levels would have still been done within the two years, but it would be with AS retakes. Also, my IGCSEs were only 1A* 4A 5B 1C. I'm pretty damn feaful/worried that even if I get A*AA or better next year, I'll have very little chance of getting into Oxbridge/Imperial/LSE/UCL/Warwick. LOL, well Oxbridge/Imperial is outta the question, sure. But what about the other 3 (Warwick, UCL or Imperial)? I know the course that you do at university basically has little significance (that's the case in all things really, aside from banking too), so it's just about the uni brand... Well, what do you think my chances are of getting into ANY top 6 banking target uni, with those 2 major limitations of mine? Which course/s would you say are the least competitive/easiest for me to get in, at a top university. Something like Economics with Economic History at LSE can't be that oversubscribed, and the requirements are only AAB. Hell, even Management at LSE... Again, only AAB. If I get A*AA and STILL don't get in for that course (this is in my gap year/reapplication of course), I'll be very, very depressed. I'd like to avoid that, and just get into one of the top 6... So, what sort of courses do you think should I go for, considering how I only do maths, economics and history. This reply's for everyone in general... Anyone? What would you recommend. Surely if I get A*A*A I won't be rejected from LSE for Economics with Economic History/UCL Economics & ----- etc?

    LSE do prefer one sitting/no retakes, sure. But what UCL courses should I consider/pursue, in these circumstances?
 
 
 
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