Soldato
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salary prospects
- Thread starter lixxus
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Neither are mainland civil/structural engineering grad schemes.
The graduate starting wage has dropped, the student loan repayment starting point has dropped, ie 9 years ago it was 18k now its around 15k, yet the cost of university has gone up, get your head around that.
i walked out of my graduate job at gsk after 2 months didnt think i was getting paid the right amount ie 23K with a review to 27 after 6 months plus benefits and jumped into to another after 3 months with better pay.
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Granted I was probably looking mainly at my field, but from those (and similar):
Accenture £31K plus 10K start bonus https://microsite.accenture.com/UK_graduate_joiners/Whats_in_it_for_me/Pages/Whats_in_it_for_me.aspx
IBM 27-32K
http://www-05.ibm.com/employment/uk/graduates/welcome/faqs.html
P&G 27K
http://www.graduate-jobs.com/gj/employer_bank/Procter_and_Gamble/
Deutsche Bank 30K+
http://www.graduate-jobs.com/gj/employer_bank/Deutsche_Bank/
Most others I googled (Deloitte, KPMG, PA) listed salaries as competitive so I'd imagine we're talking the same ballpark.
Heh, I wouldn't have stuck my nose up at that.
I'm 23, starting a new job on 16.5k and i'm over the moon
Big Four accounting firms are between £20,000 and £28,000 depending on location. Anyone in the North is on £20,000 and London being £28,000. Rent in London costs double what it can cost in Liverpool for example and you'd get a much nicer flat in Liverpool too.
Yup I'm starting next month at Deloitte in London and I'll be on 28.5k inc benefits.
and I'd say you change your expenditure to suit your wage, so any wage is sustainable..
Define "average": do you mean the "mean" (add everyones salaries up and divide by number of people which gives a value that only about 10% of people reach), "mode" (line everyone up in order of salary, what the guy in the middle gets) or "median" (what the largest number of people earn)? They give quite different numbers.
Honestly, though, it's a pretty nonsense notion. The field you work in, and the area of the country you live in, make a huge difference.
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im not just on about graduate salaries, i know its varied.
an example though. london met police starting salary including london living allowance is 30k, after 2 years service in uniform you specialise and increase your career and salary progression.
so someone at 18 for example could be potentionally earning a lot
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Permabanned
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I graduated in 2007 with 1st class hons BSc Internet Computing.
Everyone I graduated with started around 18k, and we were all disappointed.
I started on 18k in 2007.
By 2008 I had finished my trial period and went to 19k.
After 8 months in the job, I decided to shop around for other jobs.
I started a new job on 22k.
By 2009 I had finished my trial period and went to 23k.
After 1 year I got a raise, to 28k.
I started doing on-call work, for another 3k a year.
I'm 23, and all-in I earn around 32k a year.
But I live alone in Oxford, which is VERY expensive!
The answer to your problem, is your degree doesn't buy you a starting salary.
It buys you earning potential over your entire career. Given time and experience,
you will overtake 90% of your friends who didn't go to uni. You'll need to hop jobs along the way.
Everyone I graduated with started around 18k, and we were all disappointed.
I started on 18k in 2007.
By 2008 I had finished my trial period and went to 19k.
After 8 months in the job, I decided to shop around for other jobs.
I started a new job on 22k.
By 2009 I had finished my trial period and went to 23k.
After 1 year I got a raise, to 28k.
I started doing on-call work, for another 3k a year.
I'm 23, and all-in I earn around 32k a year.
But I live alone in Oxford, which is VERY expensive!
The answer to your problem, is your degree doesn't buy you a starting salary.
It buys you earning potential over your entire career. Given time and experience,
you will overtake 90% of your friends who didn't go to uni. You'll need to hop jobs along the way.
Soldato
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Depends entirely on the industry.
IT starts at 14 - 16k, no experience or qualifications.
18 months experience + a qualification, 19 - 22k.
36 months experience and a handful of qualifications, 30 - 35k.
Then it depends on formal qualifications (degree etc.), industry, and project experience.
There was a gentleman on here a while back who had one 'E' grade O level, and worked his way up to a 6-figure IT directorship.
If you're reading this, post again!
IT starts at 14 - 16k, no experience or qualifications.
18 months experience + a qualification, 19 - 22k.
36 months experience and a handful of qualifications, 30 - 35k.
Then it depends on formal qualifications (degree etc.), industry, and project experience.
There was a gentleman on here a while back who had one 'E' grade O level, and worked his way up to a 6-figure IT directorship.
If you're reading this, post again!
O RLY
In engineering this certainly isn't the case, well unless you move into oil/gas.
Me: Well I'm on a pretty ok salary, but when you factor in commuting to London and the costs associated with London then it doesn't work out as anything special for a grad. But in a few years time, and when I'm a chartered engineer, that will change.
will have to look into what effect inflation plays
my current pay is 23.8x what I started my first job on, ok it was 25yrs ago
I started on a very low salary
and in reply to your question re at what point does it become sustainable, well never TBH your outgoings grow to meet ( and usually slightly exceed ) your income, I live reasonably comfortably but have never had a significant amount of money in reserve
my current pay is 23.8x what I started my first job on, ok it was 25yrs ago
I started on a very low salary
and in reply to your question re at what point does it become sustainable, well never TBH your outgoings grow to meet ( and usually slightly exceed ) your income, I live reasonably comfortably but have never had a significant amount of money in reserve
There was a gentleman on here a while back who had one 'E' grade O level, and worked his way up to a 6-figure IT directorship.
If you're reading this, post again!
One of the former CEO's of Goldman Sachs started out as the janitor's assistant and worked his way all the way up to the top.....
Though I'd say results like these are quite rare and given the competition in the job market today decent qualifications are needed.
Soldato
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Not quite correct that mate, your first £6,475 are tax free. Your next £37,400 above that allowance are at 20% and then over that it's 40%.
To sit in the 40% bracket you need to be earning £43,875 or above. It then gets a bit silly after 150k...
Soldato
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I hope you field isn't mathematics, as you said £30k+. And only 2 of those are. So that's not 'most', and you can't conclude competitive would be in that ballpark.
@ OP... Nobody can really answer your questions, except maybe someone working in a similar industry and in the same area as you.
Salaries vary hugely across industry, position, location and with a huge amount of luck and chance thrown in.
It's a fact of life that people looking to start a "profession" in London will probably have a starting salary twice that of a trainee doing a job in the midlands that might be equally as capable of the london job. They'll also be earning more than many middle managers in the north.
But then... they'll most likely never be able to afford a big 4 bed detached house in London whereas a working class couple in the north might afford something which isn't at all too shoddy.
I started at one of the companies mentioned in Volc's post above and have added about 50% to my starting salary within about 3 years. Unfortunately I'm renting and won't be in a position to buy a house for a long long time. My lifestyle is fairly comfortable but is a long way from what I aspire to.
Salaries vary hugely across industry, position, location and with a huge amount of luck and chance thrown in.
It's a fact of life that people looking to start a "profession" in London will probably have a starting salary twice that of a trainee doing a job in the midlands that might be equally as capable of the london job. They'll also be earning more than many middle managers in the north.
But then... they'll most likely never be able to afford a big 4 bed detached house in London whereas a working class couple in the north might afford something which isn't at all too shoddy.
I started at one of the companies mentioned in Volc's post above and have added about 50% to my starting salary within about 3 years. Unfortunately I'm renting and won't be in a position to buy a house for a long long time. My lifestyle is fairly comfortable but is a long way from what I aspire to.