Nice House vs nice Car? Which takes priority?
Discussion
andy_s said:
Who's paying 60K for someone who's not even graduated? Personally, and being in the industry, that's b
ks.
I recently closed my browser full of Exige V6 images and pensive yearning and turned to the kitchens catalogues with considerably less enthusiasm...
Operator apprentice schemes. If you say its bks.I recently closed my browser full of Exige V6 images and pensive yearning and turned to the kitchens catalogues with considerably less enthusiasm...
ks, it must be!paul383 said:
daemon said:
Turns out when called on it, its now down to one.
.
No - it's not..
The question was thrown out on how many 20 year olds were on £60K pa. You implied it was common.
Its not.
Only earning £6.70 an hour but still managing to save a fair chunk of my wage by living at home.
Hopefully if my interviews at JLR go well then I can soon get enough saved for a house deposit, aiming to be moved out by the time in 23/24.
Theres still a lot of fun to be had in cars for very little money.
Had a 205 GTI for £850 and sold it a few months later for £1700 and just picked up a Clio 182 for £1300 and loving it.
Can't see me spending much more on a car until iv got my career and house savings sorted.
So my plan is house first, 'nice' car later...and even then my nice car will be something cheap and chuckable.
Hopefully if my interviews at JLR go well then I can soon get enough saved for a house deposit, aiming to be moved out by the time in 23/24.
Theres still a lot of fun to be had in cars for very little money.
Had a 205 GTI for £850 and sold it a few months later for £1700 and just picked up a Clio 182 for £1300 and loving it.
Can't see me spending much more on a car until iv got my career and house savings sorted.
So my plan is house first, 'nice' car later...and even then my nice car will be something cheap and chuckable.
swerni said:
So not banking then?
Make your mind up then.
So what positions in oil and gas pay that to a 20 year old ?
My mind has not changed, you seem to have issue reading a simple sentence. Improve your reading comprehension then! I provided a range of ages and a few positions industries they earn them in.Make your mind up then.
So what positions in oil and gas pay that to a 20 year old ?
Working offshore on platforms (instrument tech) for example after completing an apprentice scheme pays at least 60k.
But you say its b
ks so its not true.I always thought I would splash out in expensive cars when we were lucky enough to pay off our mortgage in our mid-30s.
The exact opposite has happened, we put all our spare cash above ISA allowances into more property and will carry on until the kids leave home.
I still don't think I'll spend more than £20k in today's money in any one car. I'd rather use them properly and not worry too much about the consequences of being too optimistic out of Kallenhard !
The exact opposite has happened, we put all our spare cash above ISA allowances into more property and will carry on until the kids leave home.
I still don't think I'll spend more than £20k in today's money in any one car. I'd rather use them properly and not worry too much about the consequences of being too optimistic out of Kallenhard !
paul383 said:
Also many operators / drilling contractors I believe are now over 40k plus bonus.
I know a couple of people who live in places in Canada where earning the equivalent of £50k in your early 20s in operations/extraction/piping is very common.A lot of kids are on that salary and deservedly so, by the time you're 30 you probably want to step back a bit from working in very very tough conditions, like minus 30 deg ! Not sure if the North Sea attracts similar salaries but I don't see why not.
But whether it's common or not depends on your immediate environment. It probably is quite common around you and full marks to you for making that kind of money already. You will always attract envy here though.
nickfrog said:
I know a couple of people who live in places in Canada where earning the equivalent of £50k in your early 20s in operations/extraction/piping is very common.
A lot of kids are on that salary and deservedly so, by the time you're 30 you probably want to step back a bit from working in very very tough conditions, like minus 30 deg ! Not sure if the North Sea attracts similar salaries but I don't see why not.
But whether it's common or not depends on your immediate environment. It probably is quite common around you and full marks to you for making that kind of money already. You will always attract envy here though.
North sea absolutely does. In 2007 Marathon and Exxon were already paying over 40k base before offshore bonus/company bonus.A lot of kids are on that salary and deservedly so, by the time you're 30 you probably want to step back a bit from working in very very tough conditions, like minus 30 deg ! Not sure if the North Sea attracts similar salaries but I don't see why not.
But whether it's common or not depends on your immediate environment. It probably is quite common around you and full marks to you for making that kind of money already. You will always attract envy here though.
Drilling contractors and service companies often same and much more for going to less desirable locations.
It does seem to attract envy from people constantly trying to disagree / depict words. It was all I knew. But according to swerni it's 'b
ks' as he so eloquently states.Edited by paul383 on Sunday 10th August 11:40
I don't doubt that you can make that kind of money but it's an Aberdeen bubble. Nowhere else in the country will you find 20 year olds earning that money. Even in the city you're going to be what 22-23 before they start paying you a decent wage and then the cost of living is so high that 100k doesn't cut it.
In my job it's possible to earn £60k at 21 and hit £100k by 30 if you start straight from college but it's not common.
In my job it's possible to earn £60k at 21 and hit £100k by 30 if you start straight from college but it's not common.
swerni said:
Post a link to a graduate trainee program in banking or oil and gas in the UK paying a 20 year old £60k and il donate £100 to a charity of your choice.
Can't make it any easier than that.
One of my good friends is from Aberdeen. Most of his friends work in oil and gas and have done since school/college. They earn crazy money and a lot them got their jobs through the old boys network. I can't post a link, maybe Paul will but you only need to visit Aberdeen to see that there are most definitely people barely out of their teens earning big bucks.Can't make it any easier than that.
swerni said:
Post a link to a graduate trainee program in banking or oil and gas in the UK paying a 20 year old £60k and il donate £100 to a charity of your choice.
Can't make it any easier than that.
No - I couldn't care less if you believe me. I speak from experience. BP/Shell/Exxon/Chevron I don't believe publish their grad salaries or offshore bonus!Can't make it any easier than that.
Deutsche bank also will not publish their bonus and I am not sure they even publish the salary on their website.
I went to look at a house at 19 years old for offers over £40k but decided to get a car instead, borrowed 5k and bought a Clio 172 for 9250.
I sold the car 6 months later losing £1750 to buy a house after realising I had made a mistake and the at the same the house I originally looked at was on the market again. For 80k, still needing refurbing.
Live and learn.
I sold the car 6 months later losing £1750 to buy a house after realising I had made a mistake and the at the same the house I originally looked at was on the market again. For 80k, still needing refurbing.
Live and learn.
nickfrog said:
full marks to you for making that kind of money already. You will always attract envy here though.
He never said he personally was on that sort of money. And if he is fair play.However he did come on saying he knew lots of people who were pulling £60K at 20, in the oil and banking industries.
He was asked to elaborate and back that up.
Now we have other people saying its £12K-£20K starting, with £40K+bonus possible in a reasonable timeframe. If standing on a drilling platform for weeks on end in the middle of the north sea is your bag, then fair play. I've no doubt there are people out there on those rigs on wayyyy more than that too. In no way do i doubt they deserve every penny of it, and in no way would i be envious of it.
And in reality and in the grand scheme of things, these are rare exceptions rather than the norm for 20 year olds.
My current client (Operator) pays their onshore based engineering and geoscience graduates £35k + bonus. These guys have done 4-5 years of uni. Geoservices (Schlumberger) were paying their graduate mudloggers £15k basic + offshore bonus when I applied.
Difficult to know what to believe, on the one hand I'm struggling to believe £60k for a 20y/o staff member, but on the other hand I spend a significant amount of time in Aberdeen and you only have to look around at who's driving some of the flashier motors, a lot of young guys, and contracts between companies in the oil industry are big bucks.
I've seen plenty of junior, apprentice trained, roles in the £25-30k bracket.
Difficult to know what to believe, on the one hand I'm struggling to believe £60k for a 20y/o staff member, but on the other hand I spend a significant amount of time in Aberdeen and you only have to look around at who's driving some of the flashier motors, a lot of young guys, and contracts between companies in the oil industry are big bucks.
I've seen plenty of junior, apprentice trained, roles in the £25-30k bracket.
daemon said:
He never said he personally was on that sort of money. And if he is fair play.
However he did come on saying he knew lots of people who were pulling £60K at 20, in the oil and banking industries.
He was asked to elaborate and back that up.
Now we have other people saying its £12K-£20K starting, with £40K+bonus possible in a reasonable timeframe. If standing on a drilling platform for weeks on end in the middle of the north sea is your bag, then fair play. I've no doubt there are people out there on those rigs on wayyyy more than that too. In no way do i doubt they deserve every penny of it, and in no way would i be envious of it.
And in reality and in the grand scheme of things, these are rare exceptions rather than the norm for 20 year olds.
Not rare for people I know. No one said it was the norm. Jeez all mighty.However he did come on saying he knew lots of people who were pulling £60K at 20, in the oil and banking industries.
He was asked to elaborate and back that up.
Now we have other people saying its £12K-£20K starting, with £40K+bonus possible in a reasonable timeframe. If standing on a drilling platform for weeks on end in the middle of the north sea is your bag, then fair play. I've no doubt there are people out there on those rigs on wayyyy more than that too. In no way do i doubt they deserve every penny of it, and in no way would i be envious of it.
And in reality and in the grand scheme of things, these are rare exceptions rather than the norm for 20 year olds.
I am backing it up by telling you its true and I have told you the jobs they do.
Yes there are way more. Just to make you much sadder, there are hundreds up sub 30 year olds in the oil industry clearing more than 8k a month (pounds) and many on many more.
Frio3535 said:
My current client (Operator) pays their onshore based engineering and geoscience graduates £35k + bonus. These guys have done 4-5 years of uni. Geoservices (Schlumberger) were paying their graduate mudloggers £15k basic + offshore bonus when I applied.
Difficult to know what to believe, on the one hand I'm struggling to believe £60k for a 20y/o staff member, but on the other hand I spend a significant amount of time in Aberdeen and you only have to look around at who's driving some of the flashier motors, a lot of young guys, and contracts between companies in the oil industry are big bucks.
I've seen plenty of junior, apprentice trained, roles in the £25-30k bracket.
Mudlogging is renowned for being the worst paid. What about the wireline guys? or directional drillers? or MWD? or maintenance for operator? or Completions? or trainee drilling manager with KCA/transocean?Difficult to know what to believe, on the one hand I'm struggling to believe £60k for a 20y/o staff member, but on the other hand I spend a significant amount of time in Aberdeen and you only have to look around at who's driving some of the flashier motors, a lot of young guys, and contracts between companies in the oil industry are big bucks.
I've seen plenty of junior, apprentice trained, roles in the £25-30k bracket.
Graduates of OPITO scheme do not take long to earn much more than figures you quote.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff