Curse of the comfortable job

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ChevronB19

5,798 posts

164 months

Monday 3rd April 2023
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Sporky said:
Doofus said:
Wouldn't you have needed a degree before you started for a PhD?
Usually a Masters.

So 4 years for an undergrad masters, then two for the PhD. Some unis let people in at 17, so 23 is just possible.
Depends if you go to Oxbridge, where you get a masters for a few quid after you graduate with a BSc/BA.

Me, 3 years BSc, 1 year MSc, 6 years (we don’t talk about that, ok?) PhD

ooid

4,096 posts

101 months

Monday 3rd April 2023
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Doofus said:
I might do a PhD for fun just to punctuate the wine and roses. wink
You can actually do a PhD by "work" or "published works" in U.K.. It is becoming quite common. it could be done less than 2 years, most people I know got this in a year or so.

It's basically, if you were in practice, in your field, and you have accumulated a work specific to your niche topic/specialism, it could be done. I've seen examples in Music, Architecture (a lot!) and medicine of course...

So the new school of thinking is, finish your undergrad/postgrad studies, go to work/industry for years, accomplish things, break or loose...Than you can turn it into a PhD if it's approved, rather than doing a research from completely scratch in a more regular route.


gangzoom

6,305 posts

216 months

Monday 3rd April 2023
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MickC said:
In the UK don't people usually do either a PhD OR a masters, although sometimes a masters is needed if your degree isn't good enough or you are changing subject? Then another 3 to 4 years to complete the PhD.
You can do as many degrees/MsC/PhDs as you like, there is no rule. Most people don't really need to do any, and I suspect apart from examiners no one has actually read the thesis of another post Doc.

Countdown said:
I wonder if it varies depending on subject. Two of my Uni mates did PhDs and both did a Masters first (IIRC it was 1 year for the Master's and then 2-3 years for the PhD)

I believe both are earning IRO £40k as Clinical lecturers.
Don't forget the ever present threat of redundancy, as most Uni's these days are having to cut back on staff. I'm not sure how/why higher degrees got mentioned, but even a chair is rarely linked to any kind of major financial gain that the OP seems to be suffering from!

rawenghey

484 posts

22 months

Monday 3rd April 2023
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AlexC1981 said:
You have a fine income. I'd consider a smaller mortgage that could be paid off in a few years, then work a short week or plan for early retirement. Why waste decades of your life paying off a massive mortgage just so you can live in a bigger house?

A triple garage and a swimming pool would be nice, but not if the cost is 15 extra years chained to a desk.
This is the correct answer.

I'm in a similar position and a similar age to the OP, and I've taken out a relatively small mortgage (in relation to my income) and am overpaying it as fast as I can.

Be very careful about which aspects of your life you allow to creep upwards with your income. Some stuff, like nice holidays and maybe the odd fancy restaurant is fine, but taking on gigantic mortgages, car payments and high maintenance women will ensure you're chained to your desk for the same length of time as everyone else. And, despite your fancier things you'll be no happier. Mid 30s, high income and no dependents is the recipe for engineering some serious freedom into your work/life balance.

Edited by rawenghey on Monday 3rd April 17:15

okgo

38,067 posts

199 months

Monday 3rd April 2023
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It also sounds like a pretty lonely existence if I’m honest.


jm8403

2,515 posts

26 months

Monday 3rd April 2023
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okgo said:
It also sounds like a pretty lonely existence if I’m honest.
Sounds good to me smile

ChocolateFrog

25,439 posts

174 months

Monday 3rd April 2023
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okgo said:
The initial point was that some banks and law firms are paying people best part of £100k out Uni. And that’s true.
I thought it was North of 150k for some.

rawenghey

484 posts

22 months

Tuesday 4th April 2023
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okgo said:
It also sounds like a pretty lonely existence if I’m honest.
People with children always make subtle disparaging comments like this about the value of the lives of those who don't want children. It might be hard for some people to understand, but not all of us want the same thing.

Countdown

39,945 posts

197 months

Wednesday 5th April 2023
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Just out of interest can anybody point me towards job vacancies /adverts for tech support roles paying £120k - £150k?

Especially ones where you can get all your work done in 3 hours a week smile

SteveStrange

3,846 posts

214 months

Wednesday 5th April 2023
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rawenghey said:
okgo said:
It also sounds like a pretty lonely existence if I’m honest.
People with children always make subtle disparaging comments like this about the value of the lives of those who don't want children. It might be hard for some people to understand, but not all of us want the same thing.
And having been one of those people in the past, my response to your post would be "...yet".

(Can I ask how old you are?)

rawenghey

484 posts

22 months

Wednesday 5th April 2023
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SteveStrange said:
And having been one of those people in the past, my response to your post would be "...yet".

(Can I ask how old you are?)
Sure. 37.

Edited by rawenghey on Wednesday 5th April 16:05

Krhuangbin

938 posts

132 months

Monday 10th April 2023
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jm8403 said:
CharlesdeGaulle said:
Woodrow Wilson said:
Outside of the world of PH, the roles being discussed and the salaries are unusual.

The OP's claimed couple of hours work a day for £150K/year is very unusual.
I think the term you're seeking is 'bks'. There's quite a lot of self-aggrandising smoke blowing going on here so far.
Nah, there are a lot of us that have found niche roles/well paid roles which is why we have money to waste on cars. I can believe it, 100%. I know people in back office roles in IB's on over 200k.

Of course, it is unusual, but when you know 100+ people in this position (well paid and no major head on line), it feels normal. The 2hrs a day thing, much more rare. I dont think ive heard anyone admit it. Yes for the junions on 50-75k.
Talk me through what a “back office role in and IB” involves - I.e what does one of these do day to day, and what does a typical working day look like for them. What exactly are they doing in front of their PC for their 200k?


Edited by Krhuangbin on Monday 10th April 23:13

Countdown

39,945 posts

197 months

Tuesday 11th April 2023
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Countdown said:
Just out of interest can anybody point me towards job vacancies /adverts for tech support roles paying £120k - £150k?

Especially ones where you can get all your work done in 3 hours a week smile
Anybody…….?

Zoon

6,710 posts

122 months

Tuesday 11th April 2023
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Countdown said:
Countdown said:
Just out of interest can anybody point me towards job vacancies /adverts for tech support roles paying £120k - £150k?

Especially ones where you can get all your work done in 3 hours a week smile
Anybody…….?
Maybe they don't exist or people are keeping the details secret?

okgo

38,067 posts

199 months

Tuesday 11th April 2023
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Most job descriptions dont mention money and who knows what niche it needs to be to pay it.

Countdown

39,945 posts

197 months

Tuesday 11th April 2023
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okgo said:
Most job descriptions dont mention money and who knows what niche it needs to be to pay it.
If people are already IN those jobs and earning those salaries then surely they know what "niche" somebody needs to be in?

Also, given the number of PHers earning those salaries, it must be a pretty big niche biggrin

theboss

6,919 posts

220 months

Tuesday 11th April 2023
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Countdown said:
If people are already IN those jobs and earning those salaries then surely they know what "niche" somebody needs to be in?

Also, given the number of PHers earning those salaries, it must be a pretty big niche biggrin
If we're talking IT still, then there are thousands of micro-niches. It's not that hard to find yourself technically proficient in an 'underrated' discipline where there is reasonable commercial demand but not much competition in the skills market. People can't just become experts in obscure technical subjects overnight so this apparent supply/demand imbalance can be exploited.

In many cases the employer or engaging client is happy to pay an effective retainer just to have you on beck and call when needed, even if its only really a few hours a week that matters.

I know lots and lots of people in my professional life working on this sort of basis.

Otispunkmeyer

12,600 posts

156 months

Tuesday 11th April 2023
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Douglas Quaid said:
If you’re making £120-150k for a couple of hours work a day then you’re living most people’s dream.
Yep. He can swap with me if he likes. I'll gladly do his! I can't believe there are 150k jobs where you do little all day, I would be sure most would want their pound of flesh!

jm8403

2,515 posts

26 months

Tuesday 11th April 2023
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Otispunkmeyer said:
Yep. He can swap with me if he likes. I'll gladly do his! I can't believe there are 150k jobs where you do little all day, I would be sure most would want their pound of flesh!
They get it when the specialist skills/knowledge is required.

deja.vu

456 posts

17 months

Tuesday 11th April 2023
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Countdown said:
okgo said:
Most job descriptions dont mention money and who knows what niche it needs to be to pay it.
If people are already IN those jobs and earning those salaries then surely they know what "niche" somebody needs to be in?

Also, given the number of PHers earning those salaries, it must be a pretty big niche biggrin
SE in a vendor land will comfortably earn that some will work hard and some don’t
I’ve had SE’s who have done the square root of fk all.