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It does make sense. What I'm trying to say is that the term "paralegal" is something that law firms have invented to make their non-qualified staff sound a bit more legally. My firm called us all "paralegals" for the client's benefit.
Applying for a job with a law firm really is no different to any other type of employer. They want to know the same things- how you organise your time, how you deal with customers, etc etc.
I was being flippant about the job- it's something that they've invented to make the 17-year-old school leavers sound important.
I know some things through work experience. I've been a criminal clerk so I know a bit about the criminal law, I've been a conveyancer so I know a bit about property, and now I'm a debt and benefits adviser so I know a bit about that too. It isn't something that I've been blessed with, its things I've picked up at work.
But at least ten times a day I have to look something up in the CPAG benefits handbook, which is a professional textbook for benefits advisers, or in benefits legislation. So does my boss. You can't know everything and you're not expected to. You're only expected to know where to look to find the answer.
Quite often when I answer things on here I've been at work and checked the rules in a textbook.
You won't be earning that soon when you and your mate both get ten years for GBH with intent
Thats pretty much what i was thinking.
He just stated that if wanting x lifestyle in y place then z amount of money is needed.
Those are his priorities - others might be different, so why is it such a big problem? Why are people so defensive, when there's no reason to be?
Cause hes spent a while complaining about how people get annoyed by him when he tells them what he does for a living, then gets riled when the people in here get pissed off because he rubs it in their face that hes on like a zillion a year.
And I think your reactions are just proving his point in the other thread.
I find it pathetic that people are made to feel bad cause they've done well for themselves or come from a priviliged background. Yes, a fair few of us would be content with a smaller amount of money and a lower standard of life, but I doubt anyone here would reject a job they liked/ were good at, just cause the wage was great.
It's about choice in life. Some people choose careers that pay a lot, whilst others choose careers that don't.
Personally, I have seen exactly what the poster mentions both in real life and especially here on the boards - and I find it childish.
If you're happy with your own life and choices, why then criticise his?
What he has done so far is
1. Posted a legitimate issue/problem. And believe me, it is a problem.
2. Answered the specific question to this thread.
3. Replied to people's hostilities against him.
Not much wrong with that.
Though, yes, including socialists in his rant was misplaced and silly. I'll give you that.
And about being quiet for a short while? If people ask you what you do, then stay silent cause people might have a problem with your paycheck? I mean, he hasn't stated that he goes on to tell them how much he hearns, but merely what he does.
People are so quick to judge. People get called posh based on where they grew up. Others hide their parents wealth. And experienced a public school boy on scholarship get abused shouted at him on the street.
No, I am not saying people should carry a sign around telling the world, what they earn, what their parents do, etc. But neither should they be made to feel ashamed of their achievements and/or their background. It's ridiculous.
I couldn't give a flying fuck how much somebody earns or how fantastic their job is because I have an alright job and I have enough money to pay my mortgage and eat nice food. But someone ranting and raving about how much money they earn, and how anyone who doesn't earn that can't possibly be living "properly", is guaranteed to put everyone's back up.
Is it? I'm sure when both of my parents were doing 60 hours+ a week (12 hour days or nights) they pretty much worked, came home, slept and went back out to work again.
Yes it is. Your folks chose to come home etc (quite possibly as they had kids?) whilst if you're in a position to go out and party or mess around at home on the computer games (not my thing, admittedly), chances are you will do.
It's all down to circumstances and how you work it - getting a couple of hours sleep less on a week night so you can see your mates, then catching up by sleeping in on a weekend. Not a difficult concept to me.
I don't know how much investment bankers and hedge fund managers earn, with a few years experience it wouldn't surprise me if top graduates got £100k+. And there's massive bonuses too. With the gap between the rich and poor getting bigger and bigger the huge sums spoken of make sense.
Totally off topic, but I think I know the civil servant you're talking about - top lass :thumb:
I would love to not have to worry about money, and be able to own a house and have a family and it terrifies me to think of the struggle that me and my boyfriend are going to have to make enough money to even have a small house. It frustrates me that massive amounts of money are seeming thrown at people as if it's worth nothing and that's why it riles me when these posters go on about it. A £44k bonus for need2vent compared to my bonus of a box of chocs and a bottle of wine ... just irritates me I suppose.
And of course, even if this isn't Ricardo it just seems weird how all of a sudden here is another poster with a similar lifestyle and interests posting here just after ricardo is banned ... maybe I'm just paranoid but it doesn't seem too impossible that it's someone ricardo knows and has asked to post on here just to wind us up a bit. and of course, we react as usual!
I'm not intending to rub in people's faces money, because I know how unimportant it is to wellbeing and happiness. Yes having money to spend on extra luxuries is very enjoyable, but at the end of the day I'm maybe just as happy as my friends earning 10 times less than me! Let me try to answer the original poster's question, again:
ShyBoy, it is perfectly possible to earn a quarter of a million pounds 2 years after leaving uni. I know quite a few people who have done it through these two avenues:
1. Investment banking. You are not being told the whole story by looking at starting salaries. All you may hear from graduate schemes is there's a £35k starting salary. The truth is though for the "front office" divisions like mergers/acquisitions and trading, you can get a £50-60k bonus at the end of your first year - and this can (more than) double in your second year. The most profitable traders for a bank can get a £200k bonus at the end of their 2nd year. And also starting salaries can hugely increase - if you start on £35k, 2 years later you can be on £60k in a number of divisions (and £80k 2 years after). Basic salary is considered fairly irrelevant compared to the bonus.
2. Entrepreneurship. Find a niche, start your own project, 2 years later get it valued at $2m or whatever, have venture capitalist investors buying in.
Route 1 is of course a much safer bet, for every young millionaire entrepreneur there's plenty who have got nowhere. Whereas for investment banking if you're not that great you'll probably just get a low bonus - not that many junior graduates are fired compared to seniors in a down market given how much more expensive the latter are.
Realistically, there's maybe 500 people in the city each year who make ~£250k 2yrs after graduating. It's nigh on impossible in consultancy (unless you're running your own consultancy with mammoth contract fees - still unlikely!) and law/accountancy where it takes a while (usually your early 30s) to make partner level where the huge money (£600k-£1.5m salaries) come in.
There's too many people in this thread who've outright dismissed claims of making £250k 2yrs after graduating. Just because you've not seen it doesn't mean it doesn't happen. It's a fairly accessible industry to enter, particularly if you're good at maths/economics/finance.
Apologies in advance to Kermit, MrG etc who will no doubt flame me for the above post, I am simply answering the OP's question based on my experience.
Yes the wealth gap is ridiculous, yes it's not fair, I'd be more than happy for a 50-60% income tax bracket for the top earners, but ain't gonna happen with Labour/Tories continuing to prioritise London over elsewhere.
Oh another point - working 70 hours a week when you have a family has suck. All my team do it and I don't know how! However, working 70 hours a week can leave plenty of free time for an active social life.
IT consultancy. Although you're not going to get much above about £70-80k without a good few years of experience, and you're not going to get anywhere close to what the bankers can earn.
I think most would be very happy with £70k though
How did he take it over though? you're all the ones choosing to get wound up by it, you said it was interesting until he posted, well, he made one post, all the arguing and stuff si down to yourselves, so it's your own faults really.
What does it really matter how much he and other people in financial services industry earn? And how is he rubbing it in people's face when he's talking about earning lots in a thread where the OP is askign whetehr people really can do that soon after uni?
That's a good joke. Sadly I do understand the difference- the difference is negligible.
All that money and you've not learned how to read. Shame.
I'm sure there are, but 500 people in the city is a tiny minority. 1% at most.
And entrepeneurship has nothing to do with being a graduate.
:yes: