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Would you say 40k a year is a good salary? What salary would you be happy with? Watch

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    (Original post by abcdefghijklmnopqrstuvwxyz)
    In some sectors, i'm afraid they do
    Once again, prove it. In rare cases yes, in general NO. Not every person in this thread goes to Oxford or Cambridge and is going to work for a big company.
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    (Original post by Mike20491)
    And your sure of that? Also what gives you the right to be so condescending? And if I'm talking out my arse prove it! I'm telling you the mere facts. Your delusional if you think your going to come out of uni starting on 35k plus, without inside help or a partnership from someone you know. Companys simply do not hand out this sort of money to unexperienced graduates.
    yes its true. mate, just dont act like some careers guru when you are clearly not.

    http://www.thisislondon.co.uk/standa...udi/article.do
    also, £39,000 offered at Freshfields Bruckhaus Deringer and £38,000 at Slaughter and May.


    IB salaries are almost never publicised so no official sources on the internet. its relatively common knowledge.
    Originally Posted by CityMonkey
    Actually, in IBD demand and profits are high but pay is staying relatively undynamic for juniors.

    It depends on what you want from life. Yes you give up a large chunk of your youth and best years of your life, but whats the point of having those years when money is always a big constraint as to what you can and can not do? Anyway, by the time you're in your late 20s/early 30s you will have huge amounts of money to play with, when your friends are merely just able to get a mortgaged terrace you'll already have payed off yours on a nice City/Knightsbridge flat and looking to purchase your next big Mercedes or something. I don't know why you call it "selling your soul", its a choice you conciously make. If you become a doctor, you're working just as hard with a LOT of stress for nowhere near the amount of money. And for all the "devil's advocate" image bankers have, they do actually do business on behalf of a lot of charities and NHS or whatever.

    By the way, 37K starting salary is only just the official salary, in reality you get about 5-10k as a golden hello, and in the top jobs (i.e. IBD at BB) upto a 35k bonus. There are those that get £70k in their first year, its not unheard of. Then it goes up. I reckon its worth it, its only really the first 4 years or so where your job takes over your life
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    Of course it's a good salary, considering the national average. I can't believe so many people seem to be turning their noses up at this amount of money!

    I'm going into teaching so will only be earning in the 24k region, with potential to go up to 30-40k if i take on added responsibility and i'm fine with this (although admittedly, it's not really a profession you go into for the money).

    Factor in the wage of a partner and 40k a year would be amazing to support a family on; my parents never earnt that much with their combined salaries and i had a good lifestyle and a great upbringing; people shouldn't get so caught up in numbers - you can have all the money in the world and still be a complete idiot as a person; i'd personally just prefer to be in a job i enjoy.
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    (Original post by PAPAdawg)
    i'd say it's mediocre but you would be able to live a comfy existence on it and tbh, whilst i do aspire to be much wealthier, if i did end up on that sort of money i wouldnt mind at all.

    depends where you live tho. in london that is frankly peanuts unless you dont have a mortgage to pay...but why on earth any sane individual would live anywhere near that dump is beyond me....most other places, including the area i live in you could have a great life on that

    PAPAdawg is jealous that he lives in Cheshire, not London.
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    (Original post by Mike20491)
    Once again, prove it. In rare cases yes, in general NO. Not every person in this thread goes to Oxford or Cambridge and is going to work for a big company.
    http://www.prospects.ac.uk/p/types_o...ier_salary.jsp

    The average starting salary is £35,500, well above the average UK graduate starting salary of £23,500 (salary data collected February 08). After three or more years, salaries may range between £50,000 and £75,000. Those with significant experience may earn a base salary of around £150,000
    on top of that, some banks offer (offered not sure if they still do golden handshakes) of around 5k and bear in mind, you get bonuses in IB

    http://www.prospects.ac.uk/p/types_o...ant_salary.jsp

    The average salary for graduate trainee actuaries during their first year of work is £24,000 (salary data collected Jan 09). Starting salaries vary according to specialism and location. For example, salaries are likely to be higher in actuarial consultancy in London and the South East.
    Typical salaries for newly qualified actuaries are in the range of £42,000 - £60,000 (salary data collected Jan 09). Salary progression is then dependent upon the individual's performance and career path.
    slightly different seeing as you need training to be on 42k but having said that, 24k whilst training when apparently 30k is soooo rare

    Then you get the magic circle law firms which pay plenty

    and no, not everybody who lands those jobs are from oxbridge

    http://portal.surrey.ac.uk/portal/pa..._schema=PORTAL

    The range of salaries was very wide. The lowest quoted salary was £8,000 and the highest (excluding specialist Healthcare courses), was £35,000.
    and no that's not a one off, there a plenty non oxbridge students who have gotten top jobs

    enough proof?

    Also it seems you used medics as an example of not being paid over 30k. Medics need experience and training before they are worth anything - that's why their starting salaries are so low compared to their future earnings
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    (Original post by maxfire)
    PAPAdawg is jealous that he lives in Cheshire, not London.
    maxfire is jealous that he lives is Surbiton, not London.
    yes, i mean central london, willy.
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    depends on where you live and your family/partner's income, but mostly yeah it'd be ace imo. my dad's lived in birmingham and most areas around ireland and the uk, other than london, on that wage (or errr equivalent, back in the 80s/90s when he was single and when i was young) and has always had a grand life with a decent place(in "lower middle class" terms), fab social life, with sick holidays and enough left to save.

    with my mum on a below average salary, they've raised two kids nicely in an alright suburb of birmingham. mortgage paid off in ten years, the fam are relatively well traveled and we've never really been hard done by or short for cash. i guess it's a good wage to live comfortably but still teach your kids the value of money.


    this all in my pretty dopey opinion though :p:
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    (Original post by loafer)
    maxfire is jealous that he lives is Surbiton, not London.
    yes, i mean central london, willy.
    Surbiton is South London, douche.
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    (Original post by maxfire)
    Surbiton is South London, douche.
    lost humour is lost.
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    (Original post by loafer)
    lost humour is lost.
    Oh, okay...
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    (Original post by [email protected]@)
    Of course it's a good salary, considering the national average. I can't believe so many people seem to be turning their noses up at this amount of money!
    If you arent average why settle for an average salary?
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    If I was in a job I enjoyed then yes I would be. I'm not greedy after all
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    (Original post by la fille danse)
    Do you not think that is a bit presumptuous, considering that most families in London live on much less?
    Not at all. I like to live comfortably, and would like to provide my kids nice things. Life is not easy nor much fun with little money, especially in London.
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    (Original post by crema)
    Not at all. I like to live comfortably, and would like to provide my kids nice things. Life is not easy nor much fun with little money, especially in London.
    That statement bears little relation to your original statement, which was that 40k is 'not enough' for a family in London to live on.

    Most families in London live on less than that.

    Are they not really living?
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    I'd be happy with 15k at the moment as I'm jobless. Personally, 25k would work very well for me, but I wouldn't say no to the extra cash to help get a house and stuffs.
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    (Original post by whitepearlbaby)
    In my current situation I'd probably be happy with that. But I'd like to be able to afford a cleaner once a week when I have children and some other "unnecessary things", so I'd be happier with something around 80-90k. Tbh that's all dreams though. I might never earn more than 25k, who knows?!
    You'd be able to get a cleaner on £40k

    I'd love to have £40k and be single, £40k for me and a partner would still be great.

    I mean my mum earns like £32k before tax. Right now it's me, my mum and a friend living here(she pays £100 a week to cover food, bills, etc, we're not sure how much bills have gone up but it was an agreed thing with her family).

    We have sky+ tv downstairs, virgin media in my room with one of those landline and fast 20mb broadband packages. We used to have a cleaner once a week too, but now we're home more she's decided to stop doing that since I and my friend can do that and not have it cost what ever it was. We usually go abroad once a year, we aren't this summer but it's more there's no real time to do it, so instead we're having odd days out like going to london to visit museums and such. Yeah there's some home improvements we'd like done but we can;t really afford them at the moment but we live pretty darn comfortably in my opinion, I;d be happy to be able to have the kind of life style I have now and I'm older, so £30k would be fine for me by myself.

    I have no idea what kind of salary I'm going to end up with, since I haven't decided exactly what career I want, the options will be quite varied. Either a researcher, preferrably involved in arachnids, maybe with trips to exotic areas to study them or at an airport. Yeah it sounds odd but basically you get quite a few exotic animals illegally shipped over and the bigger airports have special rooms to keep and care for these animals until rescue centres can deal with them. Working in a place like that would be a dream job, yeah some say I'm not aiming high enough but it's a job that would make me happy. I'd imagine after a few years with a job like that I'd be on £25-30, probably get more as a researcher after enough years then the other job, unless my role becomes managerial.
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    I'm expecting to make a whole lot more. 40K would most definitely not satisfy the lifestyle i am accustomed to. hell, my dad spends 80k a year just for school for me and my 3 siblings. I'm hoping to be more successful than my dad, at least
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    If we are talking wage over the span of my career then no. Nothing to do with "the lifestyle im used to", I grew up in a single parent family and my mum was on less than £20k. I went to a state school.
    But, I earn (roughly) that amount now, and I would be severly disappointed if this is the peak of my income as I would still like to be better off than I am now in terms of disposable income.
    I am hoping to get maybe £60k/pa - possibly more, on the agreement with my hubby that if we ever have kids he is the one to stay home and look after them.
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    (Original post by Waheyyyy)
    If I hadn't just used my rep up, I'd neg you.
    Why? Jealous or what?
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    yes i think its a good salary but then my salary at the moment is £22000 so it does look really appealing
 
 
 
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