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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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    It just amazes me how people think you would struggle to raise a faimly in London on 40k. No you wouldn't, not unless you were a complete moron about money - which some of you seem to be. Unless you had about 10 children then I think you would do alright.
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    I had no idea people have such little ambition.
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    (Original post by yoyo462001)
    At the top of my career definetly not hopefully 4X that, id like to be on somewhere near that when i start/ few years in (hopefully with Msc in Economics), id be surprised if a graduate was happy with 40k at the hieght of their carreer.
    Depends where you come out from with economics. You either have a big chance of making it or barely any chance of making it. Unless you're coming out of LSE UCL Oxbridge Warwick with economics, the chances of 40K starting salary (most likely 25-35K though) with an economics degree start slipping away.
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    (Original post by Waheyyyy)
    If I hadn't just used my rep up, I'd neg you.
    :mmm:
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    yes, you can live on this amount and have some left over

    id be happy with £35,00+
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    (Original post by bret)
    Depends on your job and location.

    If you're a 40 year old banker living in central london and working 60 hours, then you're being underpaid.

    If you're straight out of uni, working in middle management and living in Newcastle, then it's a pretty sweet deal.
    You have high hopes. You do realise that the average graduate starting salary is 21,000 pounds? Graduates with a degree in science (NOT A PHD), slightly more than that.. 23,000 - 24,000. Medics ALSO start on 24,000 pounds when straight out of uni, and then obviously their wage will increase as they enter their second year (FY2) Alot of people in here seem to think that they will be paid more than 40,000 pounds after JUST graduating or having graduated for a couple of years. I'm afraid the highest you can expect to be paid after just graduating is 30,000 pounds and that IS VERY VERY VERY GOOD (IE Oxford/Cambridge graduates with a PHD in law or medicine) Some people in here are goign to get a harsh wake up call :|
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    erm...someone just neg repped me saying my post was racist

    (2 posts above) hows that racist?

    and who did it?
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    Being academically capable may help - jobs like city: laywers, bankers, consultants all attain this figure.

    Or you can work your way up to managerial roles or senior positions in ordinary/general jobs.

    Also, manual skilled jobs like plumbers who have a successful company can also reach this figure (obviously less often than more).

    Anyway...I think everyone would like to earn six figures - especially when you see the likes of footballers earning this in one week etc.
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    (Original post by Mike20491)
    You have high hopes. You do realise that the average graduate starting salary is 21,000 pounds? Graduates with a degree in science (NOT A PHD), slightly more than that.. 23,000 - 24,000. Medics ALSO start on 24,000 pounds when straight out of uni, and then obviously their wage will increase as they enter their second year (FY2) Alot of people in here seem to think that they will be paid more than 40,000 pounds after JUST graduating or having graduated for a couple of years. I'm afraid the highest you can expect to be paid after just graduating is 30,000 pounds and that IS VERY VERY VERY GOOD (IE Oxford/Cambridge graduates with a PHD in law or medicine) Some people in here are goign to get a harsh wake up call :|
    I'm a Cambridge graduate soon to have a PhD in political history. What kind of salary am I looking at?
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    (Original post by bret)
    I'm a Cambridge graduate soon to have a PhD in political history. What kind of salary am I looking at?
    Surely you should know betetr than me? As I;m a student at St Andrews. But I assume, if you find a decent job, 27,000/28,000 if your lucky. Do you not think?
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    (Original post by JW92)
    The amount of people saying it's just reasonable or not enough in some circumstances surprises me.

    Personally, considering this is twice the national average, and more than either of my parents make (and we live more than comfortably) I think this is a very good salary.
    This.

    My parents have a comfortable life and don't go without and they probably earn less than this put together tbh.

    I guess if you wanted a brand new car about every year, the latest technology throughtout your house, a 6 bedroom house with an acre of land and 2 big holidays each year then maybe 40k wouldn't quite cut it :p:

    I know I'd be happy anywhere from around 35k+, but obviously I'm always going to work hard to earn more. I also think it would depend on the job whether I was happy with that money... but that wasn't the question.
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    (Original post by Mike20491)
    You have high hopes. You do realise that the average graduate starting salary is 21,000 pounds? Graduates with a degree in science (NOT A PHD), slightly more than that.. 23,000 - 24,000. Medics ALSO start on 24,000 pounds when straight out of uni, and then obviously their wage will increase as they enter their second year (FY2) Alot of people in here seem to think that they will be paid more than 40,000 pounds after JUST graduating or having graduated for a couple of years. I'm afraid the highest you can expect to be paid after just graduating is 30,000 pounds and that IS VERY VERY VERY GOOD (IE Oxford/Cambridge graduates with a PHD in law or medicine) Some people in here are goign to get a harsh wake up call :|
    what on earth gives you the right to sound so condescending, especially since you are talking out of your arse. highest corp starting salary that i have seen is £40k + benefits (car etc) from LIDL. many IBs offering £35-39k starting + BONUS. Some smaller boutique banks can offer much more as do some consultancies.
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    (Original post by loafer)
    what on earth gives you the right to sound so condescending, especially since you are talking out of your arse. highest corp starting salary that i have seen is £40k + benefits (car etc) from LIDL. many IBs offering £35-39k starting + BONUS. Some smaller boutique banks can offer much more as do some consultancies.
    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.
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    Edit: ****, sorry, was meaning to start a new thread
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    (Original post by Mike20491)
    Surely you should know betetr than me? As I;m a student at St Andrews. But I assume, if you find a decent job, 27,000/28,000 if your lucky. Do you not think?
    Well, I'm nearly on that already with the teaching I do. I'm a single man so I really should be saving some of it now.

    If I became an adjunct professor (i.e. non-tenure track, no contract beyond a semester) I'd be on about $40k for 30 hours work. If I could get private tutoring or speaking engagements, I reckon I could get another $5000.

    That's the easy option. The other option is to move back to the UK after teh recession and try my hand at consultancy. I hear you can make about 50,000 GBP in the first couple of years if you have specialist knowledge of a field.
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    (Original post by Mike20491)
    Companys simply do not hand out this sort of money to unexperienced graduates.
    In some sectors, i'm afraid they do
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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.
    You're pretty stupid.
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    (Original post by TShadow383)
    Okay, there's a phenomena I noticed in this thread:

    http://www.thestudentroom.co.uk/showthread.php?t=989582

    Almost all of the guys replying to the thread would try for a higher salary, or wouldn't be happy at what's already a relatively high level.


    So, as a test, what sort of salary would you be happy with 10 years after you graduate?
    40k - 50k, if I get a Phd in a specific field of analytical chemistry. However money is not the most important thing in life. I'd rather earn 30k and be happy, than be a high earner and not happy.
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    (Original post by Dragonkiller)
    You're pretty stupid.
    You think so? If I'm stupid, prove it.
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    I'd love to be comfy on £40k. Getting there won't be easy though.
 
 
 
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