Hey there! Sign in to join this conversationNew here? Join for free

What is considered a good graduate salary? Watch

    Offline

    21
    ReputationRep:
    (Original post by JustPadz)
    Hello fellow members of TSR, I was wondering what you would consider to be a good graduate salary.

    I’ve read that the average graduate salary is 21k. So what would you consider to be good. 25k ? 28k ? 30k? 40k?
    It really depends on your degree. Unless you have studied a specific career related degree like medicine, dentistry, etc. then to be honest you could be on anything.

    If on a graduate scheme I would say over 25k. Over 30k I would say is excellent. However it depends on the sector. If you want to work in charity then you might start on about 15k. Then again, if you want to work in charity you probably aren't motivated by the salary anyway.

    Consider also that many people end up having to start on non-graduate level jobs and then work up to a grad level job, if you don't get onto a grad scheme. In these cases I also think you should view teens as a realistic starting point.

    I think it's possibly better to look at, say, what a graduate should earn after 10 years, compared to a non-graduate. This might give a more accurate view of the benefits of doing a degree. I know people who have not been to university who are on about 25k but aren't likely to be seeing that increase any time, whereas I think a graduate should expect to see their salary increase as they progress through a scheme or progress up through job grades.
    Offline

    13
    ReputationRep:
    (Original post by zooloowarrier)
    Whew..245k, that's an attractive number. Can't say law really interests me haha, would love to manage a business though.
    Yeh, that's what i thought. I used to work for the US Government, and - as part of my duties, i got involved in contract negotiation and management. I did have an interest there, but i enjoyed hardware design and programming SO MUCH, that i don't think i could 'stick' a wholly paper environment. The type of law this kid got into was patent law - and for firms that were involved in very technical areas. The first client he got involved with was "Comsat" - working on the contracts and patent paperwork for their satellite modems. Nearly all lawyers are WAY over their depth, when you start talking about modems. ) Take care!!!
    Offline

    8
    ReputationRep:
    I've got friends earning 80k a year and they're only 22.
    Offline

    13
    ReputationRep:
    (Original post by Spock1)
    I've got friends earning 80k a year and they're only 22.
    That's not bad. All western governments have been scamming their taxpayers since about 1980. In reality NOBODY has gotten a raise since the early '80s. Any slight numeric increase that they might have gained, has been more than eaten up by the decrease in the value of "fiat" currency, as the governments run the printing presses 24/7 in an attempt to 'inflate' their way out of bankruptcy. The prob is, this doesn't work long term, and just results in a bigger crash when the inevitable finally occurs. As proof - witness Greece, Venezuela, Puerto Rico... the list goes on. Nearly all of these places are heavily indoctrinated with "Socialismo".. "The government will do absolutely EVERYTHING for me (if i just wait long enough), and pay enough in taxes for them to do it.

    An example is where i live. I bought a house in 1971. I had a 1/3 acre lot, so i had to cut grass. Shortly after i moved in, i went to a 'yard sale' on a Saturday, looked around, and found a used lawnmower. I tried it, it ran, so i bought it for $5. The blade was dull & it needed a 'clean up'. I took care of that, and mowed my lawn myself every 2 weeks. It cost me about half a gallon of petrol to do so. The next housing area over, decided to form a 'homeowner's association'. They started passing 'edicts' (as those things do), requiring homeowners to mow their lawn weekly (which was not really needed - the grass doesn't grow that fast here). This didn't 'suit' the egotists in the association, because most of the homeowners correctly decided they would mow the lawn when it needed it - not according to some bureaucrat's schedule. This so displeased the bureaucrats, that they hired a lawn mowing service, and required their members to participate. It then cost each homeowner $45 a week to have their lawn mowed - whether it needed it or not. Since i live in the 'primitive' "non-homeowner association" controlled area, i still mow my lawn for about one quid every 2 weeks. Cheers.
    • Section Leader
    • Clearing and Applications Advisor
    Offline

    21
    ReputationRep:
    (Original post by Rabbit2)
    An example is where i live. I bought a house in 1971. I had a 1/3 acre lot, so i had to cut grass. Shortly after i moved in, i went to a 'yard sale' on a Saturday, looked around, and found a used lawnmower. I tried it, it ran, so i bought it for $5. The blade was dull & it needed a 'clean up'. I took care of that, and mowed my lawn myself every 2 weeks. It cost me about half a gallon of petrol to do so. The next housing area over, decided to form a 'homeowner's association'. They started passing 'edicts' (as those things do), requiring homeowners to mow their lawn weekly (which was not really needed - the grass doesn't grow that fast here). This didn't 'suit' the egotists in the association, because most of the homeowners correctly decided they would mow the lawn when it needed it - not according to some bureaucrat's schedule. This so displeased the bureaucrats, that they hired a lawn mowing service, and required their members to participate. It then cost each homeowner $45 a week to have their lawn mowed - whether it needed it or not. Since i live in the 'primitive' "non-homeowner association" controlled area, i still mow my lawn for about one quid every 2 weeks. Cheers.
    :lolwut:
    Offline

    19
    ReputationRep:
    (Original post by Rabbit2)
    That's not bad. All western governments have been scamming their taxpayers since about 1980. In reality NOBODY has gotten a raise since the early '80s. Any slight numeric increase that they might have gained, has been more than eaten up by the decrease in the value of "fiat" currency, as the governments run the printing presses 24/7 in an attempt to 'inflate' their way out of bankruptcy. The prob is, this doesn't work long term, and just results in a bigger crash when the inevitable finally occurs. As proof - witness Greece, Venezuela, Puerto Rico... the list goes on. Nearly all of these places are heavily indoctrinated with "Socialismo".. "The government will do absolutely EVERYTHING for me (if i just wait long enough), and pay enough in taxes for them to do it.

    An example is where i live. I bought a house in 1971. I had a 1/3 acre lot, so i had to cut grass. Shortly after i moved in, i went to a 'yard sale' on a Saturday, looked around, and found a used lawnmower. I tried it, it ran, so i bought it for $5. The blade was dull & it needed a 'clean up'. I took care of that, and mowed my lawn myself every 2 weeks. It cost me about half a gallon of petrol to do so. The next housing area over, decided to form a 'homeowner's association'. They started passing 'edicts' (as those things do), requiring homeowners to mow their lawn weekly (which was not really needed - the grass doesn't grow that fast here). This didn't 'suit' the egotists in the association, because most of the homeowners correctly decided they would mow the lawn when it needed it - not according to some bureaucrat's schedule. This so displeased the bureaucrats, that they hired a lawn mowing service, and required their members to participate. It then cost each homeowner $45 a week to have their lawn mowed - whether it needed it or not. Since i live in the 'primitive' "non-homeowner association" controlled area, i still mow my lawn for about one quid every 2 weeks. Cheers.
    What are you working as now with your MSEE?
    Offline

    13
    ReputationRep:
    (Original post by trapking)
    What are you working as now with your MSEE?
    I currently am "semi-retired", as i became old enough to draw on my social security and 2 company pensions a few years ago. [I'm currently over 73]. I still keep my hand in, as i consult for a couple of government customers in Puerto Rico in satellite communications. As my masters is in communications engineering, i got into SATCOM about 8 yrs before i left full time employment, and designed several "medium sized" satellite terminals for gov/military use. These are the 20 ft to 60 ft earth terminals that run about $1 mill to $5 mill, depending upon how they are equipped. Right now Puerto Rico is NOT in good shape, basically they are broke. While i like to 'help out' - i cannot afford to work for free - so i'm going to have to limit myself to what advise i can ship to my clients over the internet, until they get a budget again. As i'm normally an 'independently engaged employee' - i don't get 'per-diem', vacation, sick leave, or any of the rest. I don't need health care, as i'm on Medicare, and with my $2000 a month from Social Security, and about half that from my two private pensions, i can manage to live ok. The 'cut rate' hotel i stay in in San Juan is only $80 per night - as opposed to the Hilton one block up the street, which is $280/night, but it is adequate. I'm not desperate enough for SATCOM work to pay my own airfare and hotel bills, just to work on someone elses terminal. I periodically get 'teaser' offers from headhunters [like monster.com], advertising SATCOM jobs for about $120 to $150k/pa, but i'm not really interested in a full time job - where i have to fight commuter traffic and such. I did that for years & it's not attractive any more. Cheers.
    Offline

    19
    ReputationRep:
    (Original post by Rabbit2)
    I currently am "semi-retired", as i became old enough to draw on my social security and 2 company pensions a few years ago. [I'm currently over 73]. I still keep my hand in, as i consult for a couple of government customers in Puerto Rico in satellite communications. As my masters is in communications engineering, i got into SATCOM about 8 yrs before i left full time employment, and designed several "medium sized" satellite terminals for gov/military use. These are the 20 ft to 60 ft earth terminals that run about $1 mill to $5 mill, depending upon how they are equipped. Right now Puerto Rico is NOT in good shape, basically they are broke. While i like to 'help out' - i cannot afford to work for free - so i'm going to have to limit myself to what advise i can ship to my clients over the internet, until they get a budget again. As i'm normally an 'independently engaged employee' - i don't get 'per-diem', vacation, sick leave, or any of the rest. I don't need health care, as i'm on Medicare, and with my $2000 a month from Social Security, and about half that from my two private pensions, i can manage to live ok. The 'cut rate' hotel i stay in in San Juan is only $80 per night - as opposed to the Hilton one block up the street, which is $280/night, but it is adequate. I'm not desperate enough for SATCOM work to pay my own airfare and hotel bills, just to work on someone elses terminal. I periodically get 'teaser' offers from headhunters [like monster.com], advertising SATCOM jobs for about $120 to $150k/pa, but i'm not really interested in a full time job - where i have to fight commuter traffic and such. I did that for years & it's not attractive any more. Cheers.
    Impressive, you invested well. Did you get to travel much during your working years?

    Are you based in Puerto Rico or in the US? Eventually I would like to do consulting work like you, I'm actually just about to embark on an MS in Subsea Engineering but my background is mechanical engineeering. Cheers.
    Offline

    13
    ReputationRep:
    (Original post by trapking)
    Impressive, you invested well. Did you get to travel much during your working years?

    Are you based in Puerto Rico or in the US? Eventually I would like to do consulting work like you, I'm actually just about to embark on an MS in Subsea Engineering but my background is mechanical engineeering. Cheers.
    Actually, i did make a number of investments, both common stock and municipal bonds. I didn't include any income from those in what i previously said, as i have not had to draw upon them. My private company pensions are from two companies i previously worked for, and elected to put in the maximum i could in the company's private pension plan. These were run "properly" - the company made monthly payments to a SEC monitored 'management' firm not connected to my employer. We had options as to what we wanted to invest in (offered by the outside management firm). Once the contribution was made, my employer could not touch the funds. I could make withdrawals in emergencies, but they discouraged it. When i left the company, and after i exceeded 65, i was given choices as to what sort of distribution i wanted. With one of them, i opted for $500/month for life. So far, it's paid off )

    I am based in the US. Puerto Rico is too hot for me. Right now, it's about 34 centigrade, and about 80% humidity. When i go, i REALLY try to schedule my visits for mid to late November [when it's cooler]. That period is also 'off season' - so the hotel rates are less, and there are fewer touristas. Restaurants have 40 or 50 tables, with about 5 customers at peak meal time, and about 4 wait staff. Your food is REALLY quick out of the kitchen - as they are waiting for business! The buses are no more than half full - never a problem finding a seat. I called one of my clients right after the storm. I got some satellite overhead photos, but the tree cover was so heavy, i couldn't see if there were roofs on the buildings. Finally i 'went basic' and called them on the phone. I got the fellow i usually work with. He said that their power was off (at their offices - not at the SATCOM facility), and that the only way he could talk to me, was they had run an extension cord next door to a bodega, so they could run a computer. Other than that, he said that they had no lights, no air conditioning, and no water. He added: "It's good you're not here right now - you wouldn't like it". I asked why. He said it's 35C and over 90% humidity, and there is NO air conditioning anywhere. I agreed i would defer any thoughts of a trip - but wished him well.

    I spent nearly 3 years in the near east [working for the US Federal government]. After that, i worked for them around D.C. for about another 12 yrs, and then found that i was being taken advantage of. I 'shopped my file' around the beltway, and got a 'best offer' that was a 37.5% salary rise from my government pay, as well as considerably less BS than i had to put up with in the government. I left the government, and did the rest of my career 'privately'. I've worked in nearly every US state & Canada [Saskatoon], as well as working & living in 14 countries doing engineering. I enjoyed them all whilst i was doing it, but some of them i don't think i'd go back to - due to the current risks with jihadists. As i lived in that part of the world for nearly 3 years, i can assure you that things are MUCH worse than you would think - restricting your reading and information to what you read in your (or my) local press. I'm glad i took the trouble to get a CCP. I may well need it before this is over. Take care. Cheers.
    Offline

    18
    ReputationRep:
    Depends on where you live, if you're in London, you can scrape on 25k a year but you'll be living pretty dirty vs. Birmingham where 25k is liveable (but still not great) but a 25k salary is a bit harder to find. There are more opportunities for progression in London however, and the finance sector is miles ahead along with "techie" jobs. I'm hoping to move to London after a few years of experience as a non-junior programmer - you make so much more - which should also give me some time to save some insurance money and sort my life out.
    Offline

    19
    ReputationRep:
    (Original post by Rabbit2)
    Actually, i did make a number of investments, both common stock and municipal bonds. I didn't include any income from those in what i previously said, as i have not had to draw upon them. My private company pensions are from two companies i previously worked for, and elected to put in the maximum i could in the company's private pension plan. These were run "properly" - the company made monthly payments to a SEC monitored 'management' firm not connected to my employer. We had options as to what we wanted to invest in (offered by the outside management firm). Once the contribution was made, my employer could not touch the funds. I could make withdrawals in emergencies, but they discouraged it. When i left the company, and after i exceeded 65, i was given choices as to what sort of distribution i wanted. With one of them, i opted for $500/month for life. So far, it's paid off )

    I am based in the US. Puerto Rico is too hot for me. Right now, it's about 34 centigrade, and about 80% humidity. When i go, i REALLY try to schedule my visits for mid to late November [when it's cooler]. That period is also 'off season' - so the hotel rates are less, and there are fewer touristas. Restaurants have 40 or 50 tables, with about 5 customers at peak meal time, and about 4 wait staff. Your food is REALLY quick out of the kitchen - as they are waiting for business! The buses are no more than half full - never a problem finding a seat. I called one of my clients right after the storm. I got some satellite overhead photos, but the tree cover was so heavy, i couldn't see if there were roofs on the buildings. Finally i 'went basic' and called them on the phone. I got the fellow i usually work with. He said that their power was off (at their offices - not at the SATCOM facility), and that the only way he could talk to me, was they had run an extension cord next door to a bodega, so they could run a computer. Other than that, he said that they had no lights, no air conditioning, and no water. He added: "It's good you're not here right now - you wouldn't like it". I asked why. He said it's 35C and over 90% humidity, and there is NO air conditioning anywhere. I agreed i would defer any thoughts of a trip - but wished him well.

    I spent nearly 3 years in the near east [working for the US Federal government]. After that, i worked for them around D.C. for about another 12 yrs, and then found that i was being taken advantage of. I 'shopped my file' around the beltway, and got a 'best offer' that was a 37.5% salary rise from my government pay, as well as considerably less BS than i had to put up with in the government. I left the government, and did the rest of my career 'privately'. I've worked in nearly every US state & Canada [Saskatoon], as well as working & living in 14 countries doing engineering. I enjoyed them all whilst i was doing it, but some of them i don't think i'd go back to - due to the current risks with jihadists. As i lived in that part of the world for nearly 3 years, i can assure you that things are MUCH worse than you would think - restricting your reading and information to what you read in your (or my) local press. I'm glad i took the trouble to get a CCP. I may well need it before this is over. Take care. Cheers.
    Great wisdom. Thanks for this. Tekcare.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Did TEF Bronze Award affect your UCAS choices?
    Useful resources

    Articles and guides:

    Hands typing

    Degrees without fees

    Discover more about degree-level apprenticeships.

    A-Z of careers Advice on choosing a careerCV writing helpCovering letter helpInterview tips

    Featured recruiter profiles:

    CGI logo

    CGI is open for applications

    "Offering a range of apprentice and sponsored degree positions."

    Deutsche Bank logo

    Deutsche Bank is recruiting

    "Thrive in an international banking environment"

    ICAEW logo

    Merck

    "Merck is a global leader in specialized pharma & chemicals – join us!"

    Army logo

    The Army is recruiting now

    "With hundreds of roles available, there’s more than one way to be the best."

    Bianca Miller, runner-up on The Apprentice

    Handle your digital footprint

    What would an employer find out about you on Google? Find out how to take control.

    Quick links:

    Unanswered career sector and employment threads

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.