Young High Earners

[Deleted User]

karatedragon wrote: »

I don't measure people on thier salary but on their generosity as a person.

ooh mr high-and-mighty... why don't you work a bit harder, earn a bit more money, then you can decide what to spend that money on.

If you consider that by working less, earning less, you're intentionally reducing your ability to give to charity..

Spendless

Hi Leeds lad,

If I answer you from my husband's point of view. His career took off when he was a few years older than you (33) just before our eldest child now 10 was born. His salary went up £25K in 9 years, before he had to take a pay cut last year due to the recession. He's acheived this thru his work. He left school with O'level qualifications nothing higher.

We also live in Yorkshire but in a town where jobs aren't well paid. Husband's 'strength' was to move away for a few years to his original company's HO in Manchester. This brought his wages more in line with another area. He also made valuable contacts through working at HO and has maintained links with many of them, even though they most all work for different companies. There was re-structuring above him which meant husband's job became 'more' involved than previously. Then hubby wanted to move back to Yorkshire for personal reasons (ie he'd met me and I was pregnant). and was able to do so. A couple of years on and another restructure and hubby asked for Senior Management position cos he'd had more to do since last time they'd been thru this process, this he got. A few years later after more shuffles within the company he moved to a competitor who head-hunted him cos his original seniors were singing his praises to their new bosses. The new job came with a pay-rise followed by a few big yearly increases. Before the recession he was getting phone calls every month asking if he'd like to go and talk about working for such and such company, but he liked his employer so he put it to them and got a £4-5K rise in one go.
BUT for this he has done a lot of different jobs within the company, he works long hours, we don't go thru a week where he is in at set times (this has a knock on effect of our home life), if he's asked to attend anything meetings, presentations, business shows abroad he goes.

PasturesNew

It doesn't matter how much you earn today, your next telephone call can still be one to tell you the job/company no longer exist.

9 years ago I was earning £50k, since then usually £12-15k as I had to do "any job" to keep paying the bills and each one took me further and further from what I do ... and my CV looked more and more shabby.

It can all end in the blink of an eye you know. A change in the market, a company downsizes, all of a sudden you need a job immediately ... you take the first thing offered ... and before you know it you're no longer a hot property as you did something different and not something bigger/better.

Icey77

stphnstevey wrote: »

Just out of interest, are you working for yourself as a chartered accountant (ie do you own the firm you work for)? If not, would an accountant make considerably more doing that?

Apologies for the late reply, missed the question.

No, I work in industry. Currently in the care sector but about to move to the hospitality drinks sector. In addition to the salary you need to consider the other benefits that increase the overall package that someone might be on, for example, private medical cover, death in service benefits, pension contributions, study plans etc etc

I can't comment about working in practice as I haven't done it, perhaps there is someone here that can comment on this?

leeds_lad_3

Following this story http://news.bbc.co.uk/1/hi/england/london/8658301.stm where a "City Executive" aged 29 earnt £577k p.a. (and appears to have done so since 2005). How am I ever going to catch her up?!!? (I appreciate she was perhaps hired as she was pretty - but still, surely they could have got her for £50k?!).

suited-aces

Currently aged 21, on £4.85 an hour, but from September will be on £21k a year, rising to £26k in 3 years. Not phenomenal, but I appreciate I'm luckier than most, and having grown up with !!!!!! all, it certainly seems quite good.

nm123_2

leeds_lad wrote: »

Following this story http://news.bbc.co.uk/1/hi/england/london/8658301.stm where a "City Executive" aged 29 earnt £577k p.a. (and appears to have done so since 2005). How am I ever going to catch her up?!!? (I appreciate she was perhaps hired as she was pretty - but still, surely they could have got her for £50k?!).

Leeds Lad - move into investment banking. If you are money hungry, that industry would suit you. It's not for the faint-hearted and you'd probably need to move to London, but other than starting your own business I would say it's the only way you'd ever catch her up.;)

Person_one

leeds_lad wrote: »

Following this story http://news.bbc.co.uk/1/hi/england/london/8658301.stm where a "City Executive" aged 29 earnt £577k p.a. (and appears to have done so since 2005). How am I ever going to catch her up?!!? (I appreciate she was perhaps hired as she was pretty - but still, surely they could have got her for £50k?!).

Maybe try dialling down the obvious sexism? If you ever have a woman on an interview panel it'll probably be glaringly obvious!

Or you could try making yourself prettier and see if your theory is correct, how much plastic surgery can you afford on your salary?

Sunshine12

leeds_lad wrote: »

Following this story http://news.bbc.co.uk/1/hi/england/london/8658301.stm where a "City Executive" aged 29 earnt £577k p.a. (and appears to have done so since 2005). How am I ever going to catch her up?!!? (I appreciate she was perhaps hired as she was pretty - but still, surely they could have got her for £50k?!).

Would you say that you obsessed with money? I think being career driven is important and a good trait to have but from what Ive read you come across as being quite materialistic - apologies if thats not the case but thats the way it seems. Why would you need to catch anyone up? I dont understand why you feel so competitive. Surely you should be setting your own personal goals based on where you want to be to make yourself happy, not comparing yourself to where others are. If you spend your life do that you will never be fulfilled.

leeds_lad_3

I'm not sexist, but if you bother to read the story, she accused her boss of hiring her as part of his own version of Charlies Angels, and was at a company where prostitutes were taken to meetings, I'm making an assumption, sorry if it's wrong.

Am I obsessed with money? No. But I work damn hard, and have worked damn hard to get where I am - I just question myself if I'd be better putting my efforts elsewhere. Lets face it most of us go to work for the money, not the fun of it.

What's so wrong with asking how someone 2 years older than me earns sixteen times more than me, with seemingly no exceptional skill (such as a Premiership footballer).