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Worried about low income

2»

Comments

  • I know the feeling, I struggle sometimes on my salary!
  • Well I've got a degree and A levels but I'm on a salary of £5250 PA (for 16 hours a week) managers job. So I think you should think yourself lucky!
  • tir21
    tir21 Posts: 1,046 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    If four people are on 10k and a fifth person is on 60k- then the average wage of that sample is 20k even though 80% of the sample are on half that amount
  • geg1992 wrote: »

    But then I see people saying this is a lousy salary! I have great GCSE's and a couple of A levels and wondering if I should move career.

    Thanks for any advice.

    Stop worrying about averages and other people. Work on what you want to do and how you want to live and sod averages and what other people think!
  • gettingready
    gettingready Posts: 11,330 Forumite
    10,000 Posts Combo Breaker

    You say shipping, Captains get paid well so it is not the industry that is the problem.


    ermmmmm :cool::D
  • geg1992
    geg1992 Posts: 22 Forumite
    No it is not. Imagine one person on 12k per year and another on 120k per year - the average would be 66k.

    National average is just that - an average.

    But the 27.5K is the Median so this isn't the case.
  • geg1992
    geg1992 Posts: 22 Forumite
    Median is a probably a better measure

    you have to be careful you are using the right data.

    do you include part timers, unemployed, do you include benefits income.

    Anyway

    What is stopping the salary progression in your chosen industry.
    What do you need to do to breakthrough the barrier, is it qualifications, or training for a different roll.

    You say shipping, Captains get paid well so it is not the industry that is the problem.

    It's more to do with logistics rather than actual shipping.
  • geg1992
    geg1992 Posts: 22 Forumite
    Is their a career progression within your part of the shipping industry? I'm guessing that there will be some sort of supervisor/line manager/manager structure? So you need to know where you are on the ladder, and then find out what you would need to do to get to the next rung. And then do it. People don't just 'happen' to be on higher salaries - you have to work for it.

    Yeah, manager is ideally where I'd like to progress to! However; in this industry you need to move jobs a lot to get places, but to become a manager you need managerial experience! Not sure how I will get that!
  • mustang121
    mustang121 Posts: 329 Forumite
    geg1992 wrote: »
    Yeah, manager is ideally where I'd like to progress to! However; in this industry you need to move jobs a lot to get places, but to become a manager you need managerial experience! Not sure how I will get that!



    You actually sound in the same area as me, distribution / logistics, although there any many areas of expertise involved, especially with international trade. If you are involved in international trade then you need to learn customs regulations to ensure compliance.


    I think to become a manager you need confidence and knowledge of your area of expertise, which comes with time. You need to be able demonstrate a high level of detail and understanding to deal with any problems that may arise.


    Stop trying to be in a rush to grow up.
  • PenguinJim
    PenguinJim Posts: 844 Forumite
    Part of the Furniture Combo Breaker
    There are other ways to get "management experience" than directly through your employment. On your days off you can pursue activities or volunteer for events that require some management.

    This would largely depend on your interests. For example, if you're into ships, could you volunteer your time to restoration projects? If you're into a particular sport, you could organise your own club or league, arranging the venues and participants? If you're into law and order, perhaps you could organise a local vigilante justice league that goes around at nights fighting crime? If you're lumbered with success guilt, perhaps you could donate time to helping disadvantaged young people, eventually moving on to managing events for them?

    Don't expect management experience to pop out of these activities immediately, but doing them for a couple of years might not only give you something that looks good on paper, but also give you genuinely useful experience, and even help your community.
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