good salary for a mid 20's person

good salary for a mid 20's person

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Discussion

okgo

37,859 posts

197 months

Tuesday 28th October 2014
quotequote all
phib said:
Or management consultants !!!

Phib
Yeh well they'll be the top grad jobs non?


big ant

305 posts

171 months

Tuesday 28th October 2014
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Son is 21 and salary 18k (Oxfordshire)....Daughter is 24 and salary is 42k (London)

As important, building skills as an 'Asset'...which later you leverage to earn serious money.

BA

greggy50

6,161 posts

190 months

Tuesday 28th October 2014
quotequote all
vescaegg said:
Its certainly possible but certainly not the norm or even 'uncommon'. Its very rare id say.

Half of that is perfectly doable though - many people I know hit 50k by mid 20's.
£50k I can believe for sure I know a few of the grads in my company who are around 26 - 28 and on 45 - 60k range

But £100k is another league again...

I should be on about 35 - 40k at 24/25yrs old and thought that was pretty good going it must be because I am not living in London I suppose!

BRMMA

1,845 posts

171 months

Tuesday 28th October 2014
quotequote all
When i was 23 i got my first (what i consider) well paid job that was about £35k, before then i was earning low-mid 20's. that felt like a lot of money for a few months until i moved out and bought a house, then it felt like just enough money, i now earn almost double that at 31 and still don't feel like i have much more disposable money.

I don't know who all these people are in there 20's earning 100k+ nobody i know is earning that, but then again i'm not university educated or from an affluent area so i guess it depends who your peers are.

I will also agree that how much i have ever been paid has made zero difference to my life happiness as the more you earn and have then the greater the thing is that you need to get excited



Edited by BRMMA on Tuesday 28th October 16:24

Shaoxter

4,048 posts

123 months

Tuesday 28th October 2014
quotequote all
Thankyou4calling said:
Shaoxter said:
As long as you're earning more than your friends you will feel superior and happy with your life.

I got to a six figure salary at 25, although my friends have since caught up.
What business was that in?

That's a huge amount of money at any age let alone 25.
Contractor at an investment bank.

Graduated at 21, 2 years in big 4 (hated it), 2 years in a bank (perm) then went contracting.

I did get quite lucky in that I got fired left the big 4 early (even before I finished my qualification) and got loads of responsibility and learnt a lot in my first banking job. But then sometimes you have to make your own luck and be proactive in the job market rather than climbing up the ladder in the same company at a snails pace.

R11ysf

1,931 posts

181 months

Tuesday 28th October 2014
quotequote all
BRMMA said:
I don't know who all these people are in there 20's earning 100k+ nobody i know is earning that, but then again i'm not university educated or from an affluent area so i guess it depends who your peers are.
Work in finance. Trust me there are loads of muppets earning 100k with ease.

z4RRSchris99

11,221 posts

178 months

Tuesday 28th October 2014
quotequote all
whatever you earn you will spend, our group of mates goes from nothing to 100k plus. We are still all broke

Zoobeef

6,004 posts

157 months

Tuesday 28th October 2014
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OP, this thread isn't a good view on wages as most earning less than you on here won't post.
Coming from doncaster though and that is a very good wage compared to my friends.

At 27 I was earning £28k and had a Noble, a house, a vx220 track car and a daily driver. I was considered super rich by my peers and a lottery winner by my neighbours.

Edited by Zoobeef on Tuesday 28th October 18:52

BoRED S2upid

19,643 posts

239 months

Tuesday 28th October 2014
quotequote all
A decent salary is one that gives you a lifestyle you are happy with so in London that will be many hundreds of thousands as those poor fools have to pay millions for a decent sized house and all the trimmings that go with it, for someone living in the frozen north that could be £20k.

Darkslider

3,071 posts

188 months

Tuesday 28th October 2014
quotequote all
Reading through this thread has put a few things into perspective for me. Although I like to think I'm intelligent (don't we all?) I was never particularly academic during school. Partly due to a complete lack of motivation in my GCSE years (laziness?) and some serious trouble at home while I was 15-16 with two alcoholic parents, I left school having been withdrawn from most of my GCSE exams and scraping through with just a few low grades. Went back to night class at college a few years back as I was considering an apprenticeship with Scottish Power to be a linesman, however by the time I'd got the required grades and September had come around the economic situation had taken a downturn and jobs were scarce.

Rattled around a few employers since then and now at the ripe old age of 25 I find myself working for a local family owned business as part of a small site maintenance team on £17k a year. Have been there a few years but with it being such a small team there's no career path as such and prospects for advancement in the team are pretty much nil.

A chance check on the SP website reveals they're now taking on apprenticeships for the position I was interested in a few years ago, and I'm seriously considering applying as once qualified the wage of £23.5k a year with more benefits and better prospects than my current position is quite appealing. However I don't know if I can afford the pay drop to £10.5k a year that they're initially offering for the first year of training, now I'm renting a house with my partner and her two children it's not just myself I've got to think about.

Some food for thought there no doubt. Sorry I haven't got anything to contribute to the discussion I just fancied a waffle!

TL/DR: OP is doing great on £26k a year and I'm well jealous.

gazapc

1,319 posts

159 months

Tuesday 28th October 2014
quotequote all
24 years old and just taken a 51% payrise (18.5 to 28k) to move from Cornwall to the big city of Bristol. You earn more you spend more, definitely not going to feel rich though, extra living costs and all that.

rsv gone!

11,288 posts

240 months

Tuesday 28th October 2014
quotequote all
Pommygranite said:
This is the equivalent of asking 'what's the best colour?'.
It's red.

lukefreeman

1,492 posts

174 months

Tuesday 28th October 2014
quotequote all
Worst "I earn more money than you thread"


Everyone lives to their means.

Dave350

359 posts

117 months

Tuesday 28th October 2014
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I'm 24 and on £22.5k, whilst also receiving about £4k a year in study support towards ACCA Exams.

Within 2-2.5 years and when qualified my salary should be £35kish based on others and then it's up to me to get a promotion into a Senior Management Accountant role/Finance Manager. which seems to attract £40k-£60k+ where I am.

Mid 20's - Outside of London I'd say £25k is good, £20k is ok.
Nearing 30's, - I'd be adding £10k onto those figures for good / ok.

All IMO of course.

lukefreeman

1,492 posts

174 months

Tuesday 28th October 2014
quotequote all
swerni said:
lukefreeman said:
Worst "I earn more money than you thread"


Everyone lives to their means.
Utter rubbish.
If everyone lived to their means they'd be no repossessions no payday lenders no debt crisis and no savings.

The vast majority absolutely do not live to their means
Fair enough, forgot about the people with little financial control.



Mr Trophy

6,808 posts

202 months

Tuesday 28th October 2014
quotequote all
phib said:
Ha Ha !!! Thats what everyone says until they actually have to do it and give up their life to do it ..... which most people actually won't do when reality bites !!!

When I was doing their jobs .... years ago I did 6 days a week traveling all over Europe / the US and less than 24hrs a week in the UK, every week with 15 days holiday a year.

Did it for 7 years but as you can imagine it trashes your life ..... not sure its worth it ?

Phib
As long as I fly business - where do you want me to sign?

red_slr

17,122 posts

188 months

Tuesday 28th October 2014
quotequote all
15 days... try 10.
frown

phib

4,464 posts

258 months

Tuesday 28th October 2014
quotequote all
red_slr said:
15 days... try 10.
frown
You work for americans too? !!!!!!

Phib

phib

4,464 posts

258 months

Tuesday 28th October 2014
quotequote all
Mr Trophy said:
As long as I fly business - where do you want me to sign?
Ha ha we always flew first or Upper, when the stewardess at the bar in Upper class knew what you were you were drinking before you got to the bar ... it was time to call it a day !!

Did it from 21 - 26 when all my mates were having fun !! and then with my one business from 30 -32. Under no circumstances would i ever do it again !!!

Cant stand traveling now, no matter how good the holiday is !!

Phib

dieseluser07

Original Poster:

2,452 posts

115 months

Tuesday 28th October 2014
quotequote all
thinking about it i probably earn closer to 28,000-29000 with overtime, its just my basic is 26