What's your idea of a good salary?

[mph1977]

djc206 said:

mikey P 500 said:

I'm guessing most people who are answering work in the private sector. What is peoples thoughts on a good salary if its paid by the tax payer? I would say as others it really depending on where you live if you are single or have a second salary children etc but would suggest £30k should be enough for most.

I don't see that it matters. There are plenty of very well paid public sector jobs and I'd go so far as to say there are more overpaid people in the public sector than the private.

£30k is easily achievable working for local authorities, NHS, police, teaching etc so I would peg it above that figure.

30 K in the NHS requires a degree level qualification and either at least one promotion or a rotational 24/7/365 working pattern , so yes it;s easily achievable if you are of graduate calibre and prepared to work in a rotatign shift environment and be be littled by ignorant lay managers and seniors who by and larger are considerably less clinically credible and have a much poorer educational background

30 k in Teaching is for QTS only which again is Graduate / post graduate entry

[JodyKTM]

Salary is all relative

6-7 years ago I was taking home £400 a week and as I was the business owner I also got free phone, fuel and other bits and pieces. I lived on my own so way responsible for all the bills. The thing is I was earning more than my peer group and that made me feel well off.

Having worked the last 5 years as a seasonaire I have become accustomed to very bad wages but little or no living expenses- this summer has seen me paid by far and away the most at just over £1200 a month. My accommodation is included so all I have to buy is food- No rent,council tax, home insurance, electricity, gas etc etc plus I am not responsible for any maintenance on my accommodation. If something breaks it's not a case of "how much is this gonna cost". Plus my accommodation is always within easy walking distance of work- so no commuting costs.

My peer group earn much more than me now but I feel on as good a salary as 6-7 years ago (with a lot less stress and living in much nicer parts of Europe).

[djc206]

mph1977 said:

30 K in the NHS requires a degree level qualification and either at least one promotion or a rotational 24/7/365 working pattern , so yes it;s easily achievable if you are of graduate calibre and prepared to work in a rotatign shift environment and be be littled by ignorant lay managers and seniors who by and larger are considerably less clinically credible and have a much poorer educational background

30 k in Teaching is for QTS only which again is Graduate / post graduate entry

And a degree is easily obtained, trust me on that one.

Police? Local authority? No degrees required I.e. Easily achievable

[CAFEDEAD]

mph1977 said:

30 K in the NHS requires a degree level qualification and either at least one promotion or a rotational 24/7/365 working pattern , so yes it;s easily achievable if you are of graduate calibre and prepared to work in a rotatign shift environment and be be littled by ignorant lay managers and seniors who by and larger are considerably less clinically credible and have a much poorer educational background

You don't need a promotion or 24/7/365 post to get £30k in the NHS. Degree level I can't disagree with but that's not the most discerning standard.

[mph1977]

CAFEDEAD said:

mph1977 said:

30 K in the NHS requires a degree level qualification and either at least one promotion or a rotational 24/7/365 working pattern , so yes it's easily achievable if you are of graduate calibre and prepared to work in a rotating shift environment and be belittled by ignorant lay managers and seniors who by and larger are considerably less clinically credible and have a much poorer educational background

You don't need a promotion or 24/7/365 post to get £30k in the NHS. Degree level I can't disagree with but that's not the most discerning standard.

yes you do,as for degree standard you obviously have little understanding of the requirements of pre-registration programmes or the competitive nature of the lay person graduate scheme recruitment


none medical health professionals enter on band 5 , other graduate roles are often band 5 or 6

the salary range for band 5 is 21,478 (spine point 16)- 27,901 basic (spine point 23) ( the fully competent (upper gateway ) salary is 25,783 (spine point 21) however there is no provision for accelerated increment progression)

therefore to earn 30 k there are 3 ways

1. Work in an role where rotational shift patterns are required and recieve either the per- hour worked shift supplements or for Ambulance staff the bandings

2. Get promoted to band 6 where spine point 25 will pay you 29,759 / spine point 26 - 30764

3. Work additional hours ( via a second contract in most cases as overtime is rarely paid trusts other than the Ambulance trusts).


http://www.nhscareers.nhs.uk/working-in-the-nhs/pa...

Edited by mph1977 on Sunday 2nd November 23:33

[DJRC]

mph1977 said:

djc206 said:

mikey P 500 said:

I'm guessing most people who are answering work in the private sector. What is peoples thoughts on a good salary if its paid by the tax payer? I would say as others it really depending on where you live if you are single or have a second salary children etc but would suggest £30k should be enough for most.

I don't see that it matters. There are plenty of very well paid public sector jobs and I'd go so far as to say there are more overpaid people in the public sector than the private.

£30k is easily achievable working for local authorities, NHS, police, teaching etc so I would peg it above that figure.

30 K in the NHS requires a degree level qualification and either at least one promotion or a rotational 24/7/365 working pattern , so yes it;s easily achievable if you are of graduate calibre and prepared to work in a rotatign shift environment and be be littled by ignorant lay managers and seniors who by and larger are considerably less clinically credible and have a much poorer educational background

30 k in Teaching is for QTS only which again is Graduate / post graduate entry

Do you want some ketchup with that sauce?

[CAFEDEAD]

mph1977 said:

yes you do as for degree standard you obviously have little understandign of the requirements of pre-0registration programmes or the competitive nature of the lay person graduate scheme recruitment


none medical health professionals enter on band 5 , other graduate roles are often band 5 or 6

the salary range for band 5 is 21,478 (spine point 16)- 27,901 basic (spine point 23) ( the fully competent (upper gateway ) salary is 25,783 (spine point 21) however there is no provision for accelerated increment progression)

therefore to earn 30 k there are 3 ways

1. Work in an role where rotational shift pattersn are required and recieve either the per- hour worked shift supplements or for Ambulance staff the bandings

2. get promoted to band 6 where spine point 25 will pay you 29,759 / spine point 26 - 30764

3. work additional hours ( via a second contract in most cases as overtime is rarely paid trusts other than the Ambulance trusts).


http://www.nhscareers.nhs.uk/working-in-the-nhs/pa...

I thought you were more literate than this post suggests.

Anyway, my wife took a pre-registration MSc course, my sister the graduate recruitment scheme. Feel free to continue to tell me how much more than me you know about their careers.

It's perfectly possible to earn £30k in the NHS without getting promoted or working shifts. My non-medical sister, along with most others who completed the scheme with her, went in at band 7.

[scotty_d]

grkify said:

work less for the same money. Spend more time doing the things that I love.

This for me as well!

[TheAngryDog]

I voted £40k. I don't earn that, I just scrape in to the £30k's, but think that £40k for me would be doing well. Combined with my gf's pay (she earns more than me) as a unit, we would be quite well off. We're 40 miles or so North west outside of London, for reference.

[theboss]

jakewright said:

brickwall said:

£42k is eminently possible as a graduate starting salary in banking, consulting, insurance, even oil; though these positions/schemes do tend to be very competitive.

The age thing only really works at low ages; I'd say a base of £75k at age 25 is more impressive than £120k at age 40.

True. I know quite a few guys contracting from 28 onwards and started at 850 a day.... x 235 a year soon adds up! (ok minus whatever tax)

I started contracting at 27 (now 33), so did both of my younger brothers... mid-to-late twenties seems about the right time for the ambitious to 'convert' having established some credibility. I wish I could say I'm on £850/day though (more like an effective £600 in IT infrastructure) - which industry is that?

[TheAngryDog]

theboss said:

jakewright said:

brickwall said:

£42k is eminently possible as a graduate starting salary in banking, consulting, insurance, even oil; though these positions/schemes do tend to be very competitive.

The age thing only really works at low ages; I'd say a base of £75k at age 25 is more impressive than £120k at age 40.

True. I know quite a few guys contracting from 28 onwards and started at 850 a day.... x 235 a year soon adds up! (ok minus whatever tax)

I started contracting at 27 (now 33), so did both of my younger brothers... mid-to-late twenties seems about the right time for the ambitious to 'convert' having established some credibility. I wish I could say I'm on £850/day though (more like an effective £600 in IT infrastructure) - which industry is that?

Would you say someone in their mid 30's is too old to convert to contracting?

[Chris Type R]

TheAngryDog said:

Would you say someone in their mid 30's is too old to convert to contracting?

IMHO, Depends on the person, how well they interview & how hard working they are. You need to have self confidence & be able to convey that.

Age is largely irrelevant.

[Countdown]

CAFEDEAD said:

My non-medical sister, along with most others who completed the scheme with her, went in at band 7.

Apologies if Ive missed something - what job did your sister take up where she went in at Band 7?

[stuno1]

TheAngryDog said:

Would you say someone in their mid 30's is too old to convert to contracting?

No. All you need is the appropriate skill set to make you 'worth' the money in the employing companies eyes, be willing to put hours in if needed and interview well. Clearly some roles require qualifications etc.

[theboss]

TheAngryDog said:

theboss said:

jakewright said:

brickwall said:

£42k is eminently possible as a graduate starting salary in banking, consulting, insurance, even oil; though these positions/schemes do tend to be very competitive.

The age thing only really works at low ages; I'd say a base of £75k at age 25 is more impressive than £120k at age 40.

True. I know quite a few guys contracting from 28 onwards and started at 850 a day.... x 235 a year soon adds up! (ok minus whatever tax)

I started contracting at 27 (now 33), so did both of my younger brothers... mid-to-late twenties seems about the right time for the ambitious to 'convert' having established some credibility. I wish I could say I'm on £850/day though (more like an effective £600 in IT infrastructure) - which industry is that?

Would you say someone in their mid 30's is too old to convert to contracting?

Absolutely not. No such thing as 'too late' if you have marketable skills, are sufficiently motivated to do so and have a slight appetite for risk. I'll never go back - I love my independence, keeping a greater proportion of my own earnings and, as others have said in other threads, am totally fearless about ever finding myself out of work. What's your industry?

[Shaoxter]

Most people only start contracting around 30 anyway, it takes time to pick up the required skills and experience. Obviously depends on your industry though.

[Lostprophet]

I am on 55k and I live in London. I'm 34 years old.

I think my market worth is £60-63k plus benefits plus bonus.

I would like to be on £70k in 3 years time from now. I should have my MBA by then. I believe that is a good salary for a head of finance, a role I am aiming for.

£55k for a sole earner with a mortgage and household bills is not comfortable.

[okgo]

Not with a £500 car payment its not

[AyBee]

Lostprophet said:

I am on 55k and I live in London. I'm 34 years old.

I think my market worth is £60-63k plus benefits plus bonus.

I would like to be on £70k in 3 years time from now. I should have my MBA by then. I believe that is a good salary for a head of finance, a role I am aiming for.

£55k for a sole earner with a mortgage and household bills is not comfortable.

£70k for a head of finance role? What kind of companies are you working for? I'd expect a Chartered Management Accountant with a Master of Bugger All (MBA ) to be on a lot more than £70k at the right place.

[Lostprophet]

lol at the MBA comment. Maybe my MSc might help!

I was a finance manager in my last role, I stepped up to head of accounting in my current job, looking to move to a head of finance role in 2-3 years. This is the type of job I am aiming for next. It pays £55-85k. I would aim at £70k. I would think it too bold to go in at £85k. There needs to be room for development and growth.

http://www.reed.co.uk/jobs/head-of-finance/2594530...

Just to answer your question, my business is owned by a huge American asset management firm. Its reasonably big in Europe but small in the UK. I manage a team right now and I realise I need to get this job on my CV before I can target the job I want in the future.