Whats an resonable wage?

Dracata said:
In later life I'd agree, although I don't think you can really apply that rule to the younger employee/graduates though?

i.e. for me to be on 44k at 22?

A 25 year old to be on 50k?

Of course it's not unheard of, but it's unrealistic to aim for, for 90-99% of the population.

Then again, ambition is ambition :)
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nah - if you're a graduate from a proper university and decide to follow a profession at a decent sized firm then you should be on that no probs. (maybe not the 44k @ 22 but certainly the 50K @25)

i.e. graduate at 21 by 24-25 accountants and actuaries who joined straight after uni would be fully qualified - solicitors take 1 year to pass an LPC then have a 2 year probation - so pretty achievable for them too. Ditto to doctors - my sister started on 35K @ 23 she'll prob be on circa 50k by the time she is 25 or so(perhaps slightly longer for them tbh...).

As for the thousands of people entering the city each year - lots of them will be starting at circa 50k at 21-22 let alone having to wait 3-4 years.
 
Red and White said:
it depends what you are doing.

your degree has little effect on your wage if you are a bin man or whatever
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It also depends on where you live. inner city jobs like in London require a higher pay for the higher cost of living. Down here in the south though 15-20k is easy going for a starting wage.
 
There was something in the paper last week about average and reasonable wages.
The average wage is still around the mid 20k's - it may even have mentioned 25k.
Apparently when questioned, the majority of people seemed to say that the wage they are aiming for is £38k.
This is a wage people feel happy that they can afford to live at a certain level of luxury, have a good home etc.
The story in the paper was mainly saying that people don't really have loyalty to a company these days as people are aiming for this "magic" 38k and if it means changing jobs every year to get it then so be it.

There will of course be people out there that consider 38k nothing.
There will also be others out there looking at that figure and thinking they will never get there.
I can understand the reasoning of £38k being the salary people want to get to.
 
Any electricians here, what wages would you be on if you worked for yourself. Applied for an electrical installation course at college as IT was not the job for me.

Thanks
 
I'm 25 and work in IT for the NHS. Band 5 25k is the most I can earn in my current role. My wage increases every year which is sweet. I'd say 18k upwards is a reasonable wage but it all depends on what you do, where you do it and your cost of living.
 
I always hate these type of threads as you always get silly people who willy wave and act like everyone else is pathetic for being on lower wages etc :rolleyes:

I earn enough to live on and for me, that is a reasonable wage.

As long as you can afford to have a roof over your head, food in your stomach and clothes on your back + a holiday every year then you shouldnt worry.
 
BigglesPiP said:
You can't jump out of Uni and into a high paying job unless you have a VERY good degree.

Start from the bottom.
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I didnt even go to uni, infact i dropped out of high school and worked my way up.

Not many people bother to do that these days, silly boys seem to think that going to uni = get straight out and in a top paying job...oh boy the look on their faces when they find out they are wrong :D
 
Hedge said:
Imagine you could earn 50k, spend the bare minimum to live on for a couple of years, i reckon you could save 60k in 2 years. in theory.. would never happen though :)
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The take home after 2 years wouldn't be much more than 60k anyway, so no, it wouldn't happen unless you only spend £50 a week.
 
Certainly trying to earn your age is a good ethos, as it stops you staying at one place with no pay rises for years and years.

I'm a contractor and the permies at the client site I'm at, at the moment, are on pay freezes and have been for a while. They get angry each year (when the pay status is announced) apparently, then just carry on coming back, year after year.

Whether permie or freelance, as long as you avoid that trap you'll be fine.
 
I'm nearly 33 and i've been to Uni 4 times since finishing my A Levels!

I've got HND's, Dip H.E's and BSc's...Blah, Blah...the only person who cares is me.

Unfortunately, the amount of time you spend in Uni does not neccessarily equate to your future earning potential these days.

A few years back, before the advent of 'BSc Basket Weaving' / 'Media Studies', a degree meant something. Sadly, this is often not the case anymore.

Including allowances, etc. i now earn ??? but once again, the only person who cares....is me.
 
If I was frugal with my spending I'd have a lot more disposable income, however I do like to treat myself to holidays and a decent quality of life so it's hard to break away from that habit :(

A reasonable wage is one that you can sustain you life/existence without worrying about itm i.e. don't have to worry about shopping bills, and other household bills, and still have money left aside at the end of each month. That's what I'd define as reasonable. If you're having to worry and be excessively careful about every expenditure then unless you're trying to live in a silly reality beyond your means then obviously that's not that reasonable.
 
I set myself ideal wages when I was younger... and it was age * 1000 roughly. And, I probably earn around that now, and probably will next year. Year after it'll start dropping off, though... :(
 
DarkPrince86 said:
I always hate these type of threads as you always get silly people who willy wave and act like everyone else is pathetic for being on lower wages etc :rolleyes:
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who is willy waving?
most of the stupid comments in here are from people who are saying things like you have.

nobody is making anyone out to be pathetic or the money they earn pathetic.
 
I think a lot of people often forget that the age * 1000 rule doesn't apply to everywhere in the country.

I'm lead programmer and SEO consultant for a web design company here in Tenby.
I get < £13,000 a year...
 
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