75k salaries?

jobbingmusician

From the TES report

'
According to Hepi, the government's 2011 calculations for the loans system assumed that in 30 years, male graduates will be earning a mean average of £99,500.
Bekhradnia argues that the government should have used a median average of earnings. A mean, he claims, is "meaningless". Good modelling, he says, would take into account the fact that low-, middle- and high-earning graduates are likely to experience different rates of increase in their earnings over time.'


I have my own problems with this. I love (NOT!) the assumption that in 30 years' time, it will still be necessary to analyse male salaries separately from female :mad:

Lokolo

jobbingmusician wrote: »

I have my own problems with this. I love (NOT!) the assumption that in 30 years' time, it will still be necessary to analyse male salaries separately from female :mad:

It's most likely that the data it more consistent and easier to analyse, I doubt its because they hate women.

freelancegal

Yeah, it just seemed interesting that they would base it on 75k as an average. I didn't expect it to be new graduates, but, given it is an average, thought it must take into account, say, some people who were on minimum wage type thing too.

Thought, 75k average, even later in a career, seemed interesting, as, like I say, I don't know many who earn that.

Thanks for your replies.

InsideInsurance

In late 2009

58k got you into the top 5%
118k got you in the top 1%

75k presumably would be top 2.5% at a guess/ assuming it is a curve

As to what jobs.... traditional professionals you've already listed, senior management in SMEs, upper middle management in large corporations, people running their own companies, contractors (assuming they can get a steady supply of work). Add to that highly technical professionals such as engineers, actuaries, change management, strategists, consultants etc

Easiest thing to do is search on Monster for all jobs over the amount your interest in in England (or more localised if you want to avoid the London effect)

As said regarding the article, it is as usual for the media, sensationalised. It doesnt say how far in the future they are talking about to either look at career development nor inflation