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    (Original post by Commercial Paper)
    You guys would be surprised, the money doesn't actually go as far as you'd expect after rent, national insurance, tax, student loan repayments, pension deductions etc. Also it's difficult to buy a decent property in and around London due to the extreme house prices without a massive deposit.

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    (Original post by Commercial Paper)
    You guys would be surprised, the money doesn't actually go as far as you'd expect after rent, national insurance, tax, student loan repayments, pension deductions etc. Also it's difficult to buy a decent property in and around London due to the extreme house prices without a massive deposit.

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    When there are people living on £30k in London, I'm pretty sure £100k can give you a similar lifestyle. You can buy a good two bedroom flat for around £500k, around £2500 a month.
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    (Original post by serions871)
    When there are people living on £30k in London, I'm pretty sure £100k can give you a similar lifestyle. You can buy a good two bedroom flat for around £500k, around £2500 a month.
    I'm sure people do live on less but it's not a race to the bottom. There is an irony in your post that, if you're in the top 3% of earners in the UK, the best you can do is a two bedroom flat? You're correct, of course, but people here make out like you'll be living the high life in a playboy mansion with models and bottles whereas the reality is, yes - you'll be living in a cramped two bedroom flat.
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    (Original post by Lay-Z)
    I'd rather have a life though, you can earn similar in the public sector after a few more years and have much better work life balance
    public sector salaries don't match up in the slightest
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    (Original post by Lay-Z)
    After 10-15 years in senior positions you'd be surprised
    Tell me about these public sector jobs with high six to seven figure potential comp figures after 10-15 years

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    It's also a dangerous job.
    An intern died a few years back due to a epileptic seizure because he did 3 all nighters.

    Not cool man.
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    (Original post by Commercial Paper)
    I'm sure people do live on less but it's not a race to the bottom. There is an irony in your post that, if you're in the top 3% of earners in the UK, the best you can do is a two bedroom flat? You're correct, of course, but people here make out like you'll be living the high life in a playboy mansion with models and bottles whereas the reality is, yes - you'll be living in a cramped two bedroom flat.
    It's basically what I meant: in absolute terms, we are not talking about absurd money, as Analysts (it's a lot compared to average incomes though). I think they don't lack ways to spend what they earn.
    There is even an expression, something like high earners not yet rich. It's still a good lifestyle, financially (you can afford the bottles if you're into that).

    (Original post by Lay-Z)
    I'd rather have a life though, you can earn similar in the public sector after a few more years and have much better work life balance
    But also in IB pay increases with seniority, and the hours also get better. Anyways, it's not just the pay, but also, to a certain degree, the prestige, the sense of achievement, etc. Plus some really like finance and IB per se.
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    (Original post by Lay-Z)
    Even for IB i think 7 figures after 10 years is rare, for 6 figure public sector after that time theres quite a few
    2-3 years analyst, 3 years associate, 3-5 years VP, 3-5 years Director/ED then MD. 9-10 years if you rock, 12-15 is more typical.

    EDs pull in >£500-600k a year and MDs £700-1mil+.
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    (Original post by MajorFader)
    It's also a dangerous job.
    An intern died a few years back due to a epileptic seizure because he did 3 all nighters.

    Not cool man.
    He had an underlying problem.
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    (Original post by Princepieman)


    These figures are about 2 years old (base for graduates a.k.a Analyst 1 is now £50k) but it gives you a ballpark. All-in figures would be base + bonus (i.e. base*(1 + percentage)).

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    Is that before or after tax?
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    (Original post by Laeliakiwi)
    Is that before or after tax?
    Before

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    (Original post by Laeliakiwi)
    Is that before or after tax?
    Before
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    (Original post by Commercial Paper)
    Before

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    (Original post by Trapz99)
    Before
    i cri
 
 
 
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