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Money - do people really earn silly amounts after uni?

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    katchika wrote: »
    I know a guy who is on the management scheme for Lidl (or maybe it's Aldi, I always get them confused) and he has a company car and earns about 38K I think. That's probably considered peanuts to some but if I ever earned that sort of money I'd like to think I would be content, at least financially.
    Yeah Aldi give you £38k (rises to £55k in a few years) and an Audi A4! It's one of the most sought-after graduate jobs in the country. My mate does it - actually says the job itself is a little bit shit, basically you're in charge of 3 stores but doesn't involve much more than driving around and checking everything's OK.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I meant that his post + all the responses about him made it boring because it's just a repeat of arguments that we've had SO many times. I posted *yawn* in repsonse because I just thought it was ricardo coming back again. It probably isn't.
    and I wasn't asking how much he earnt! I really wasn't.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Kermit wrote: »
    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.
    Yep agree with both. Am putting it in perspective - yes lots of people in a certain location (and most of a similar background) can make good money. About 300,000 people graduate in the UK each year = 0.2% ish. Actually though, the majority of banking grads in London are from either Europe or India, not English - European courses are much better geared to business/finance, and in India there is a huge focus on making money as a way out of poverty. Whilst the English City types are usually public school from well-off backgrounds, many of the Indians grew up in poverty and without the level of income support/benefits we have worked like fuck to get out of there. Pretty interesting.

    Of course entrepreneurship has nowt to do with graduating, most the big entrepreneurs have no degree, though that's changing a bit now with the new startups - people meet like-minded ones at uni, business/entrepreneur societies at some unis (Southampton's really good) attract angel investors / venture capitalists who will invest in ideas from ppl about to graduate etc.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Need2Vent wrote: »
    However, working 70 hours a week can leave plenty of free time for an active social life.

    And plenty of time to post on internet forums...
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    And plenty of time to post on internet forums...

    If you note, his posts are on a lunchtime or an evening - with possibly the odd exception.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    To be honest, even if he was lying - his posts do still not make him a legit target for people's self-pity.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Dear Wendy wrote: »
    To be honest, even if he was lying - his posts do still not make him a legit target for people's self-pity.

    :yes:

    Gets a little boring itself, doesn't it?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Dear Wendy wrote: »
    To be honest, even if he was lying - his posts do still not make him a legit target for people's self-pity.
    Was that aimed soley at me?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Was that aimed soley at me?

    I doubt it...
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    g_angel wrote: »
    :yes:

    Gets a little boring itself, doesn't it?

    It's pathetic.
    And makes me wonder and question why people are so against others achievements? Why does other peoples success and financial wellbeing create such an uproar?
    Would it be justified if someone posts about their gym habits, great weight, and generally great health, that I'd start giving them abuse cause I am facing some health issues which have affected my fitness? Hell no. But because it's about money then people are suddenly a legitimate target. Sad.
    Need2Vent, contrary to what many have claimed, has not been in-your-face about his salary (answered a specific question), but yes focused on a certain type of thread which is not much different from the people in the politics/drugs board, who don't post in threads concerning things that have got nothing to do with politics/drugs.

    People here need to get over themselves and down from their high horse.

    Also, KHSS, no offence to you, you seem like a sweet girl and all, but it is silly to get upset about other people's paycheck. Life is a struggle, but don't go to assume that people with money got it thrown in their lap. It is rarely the case.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Was that aimed soley at me?
    Nope.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Need2Vent wrote: »
    Yep agree with both.

    Glad to hear it. I certainly think its possible to do it, as I said before, just unlikely. You need a lot of luck and a lot of talent to be able to do it- the talent to be in the right place at the right time as much as anything else.

    Jacq, if that's aimed at me, I honestly don't give a stuff about what other people achieve because I'm doing alright for myself. I think it's a shame when other people attack someone because of what they've achieved. I wouldn't dream of attacking someone for daring to work their bollocks off and earn a big pile of cash.

    Working those hours isn't really for me, which is why I never went for those sorts of graduate schemes. I'm not being arrogant when I say I have the ability to cope with one of those schemes, I just don't have the gumption to be prepared to work a 70 hour week.

    I stand by what I said about the banking industry, and those that run it, and if you're on that sort of packet you are running the banking industry. Banking is about extracting the maximum return from whichever target you're aiming at; that rarely results in morally sound investment decisions. An investment in BAe or Nestle is more sound than in Fluffy Enterprises, but unlikely to be morally sound.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    What other professions can you make good money in that aren't either of the above and don't require living in or near London?

    Air Traffic Controling. In Iceland I will start at about 40k and I did some quick research for UK controllers and although I found no concrete answers in the time I spent I couldn't see better than they start at similar rates, even higher.
    Those are jobs spread all over the country plus having area/oceanic control centres. I know there's a fairly large one in Prestwick, love calling them cause of the accent. :p

    Usually a very moderate work week plus plenty of time to play golf between shifts. :p But like most well paying jobs, it's not for everyone.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    In answer to the opening post - no, of course not, most people who leave uni dont start on a big wage because most people never get a really big wage. However, most graduates will earn on average a bit more than non-graduates.

    And anyway, the question is pointless because someone who leaves uni with a PHD in economic studies will do far better than someone who leaves with a degree in Art, wage wise that is.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    budda wrote: »
    someone who leaves uni with a PHD in economic studies will do far better than someone who leaves with a degree in Art, wage wise that is.

    Unless you're Damien Hirst...
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Unless you're Damien Hirst...

    Sadly (or not depending on your opinion) not all art students can go on to sell 'pieces' for hundreds of thousands of pounds. Though apparently you can get into some where big by producing absolute rubbish, there is an exihibt at the V&A at the moment which features four screws half screwed into a wall, and a table which the 'artist' has dribbled some paint on to make it look a bit messy.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Thanks guys!

    I didn't really have a specific direction in this thread. I think I mentioned it - I only want enough to be able to have a big house in the country :p. No way I could work 70 hours I don't think. Management consultancy is really interesting but didn't seem as well paid as investment banking. But I got told by the McKinsey's guys when they did a talk that it's about 'more than money', it's about job satisfaction. 12 hour days 5 days a week :|

    I just had heard of a few friends of friends who had these massive salary packages and didn't quite believe it. So really the question has been answered :p. It happens but is rare enough not to be relevent to an average student like me. If people want to take the thread in a new direction feel free but try to avoid the arguing over morality and show off-ness and such and keep it to graduate wages ;)
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    hey im new here...i was reading this thread and was wondering..what course do the investment managers or bankers or whatever it was take up in uni?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Hazman wrote: »
    hey im new here...i was reading this thread and was wondering..what course do the investment managers or bankers or whatever it was take up in uni?

    I'd say Law or Accountancy would be most useful.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I think you can get into things like that with most "traditional" disciplines, although some will be of more use than others. And sad as it seems, it seems to matter just as much where you go to university as what you do there.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    If your interested in doing investment banking then start looking for what you need qualification wise and getting work experience whilst you have the time to do it.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I think it tends to be maths, statistics and economics. Those sorts of things. Maybe business too. But without a doubt, a first from a good university.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    But without a doubt, a first from a good university.

    Would it not depend on where you want to work though? If you wanted to work in London then you probably would need to best grades possible but if not wouldn't you probably be able to get away with a 2:1?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I saw this and thought of this thread:
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    .
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    If you want to become involved in that kind of career they are looking for a numerate / financial degree with a 2.1. But you can get away with any degree if you show reasonable levels of competence.

    I'd recommend ones like economics, accounting, maths, business, management, etc.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Investment banks and managment consultantcies also recruit heavily from good engineering departments.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Investment banks and managment consultantcies also recruit heavily from good engineering departments.

    and physics too actually.

    I think really they're more after the person to fit the role rather than the specific degree - you learn on the job.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    at the moment i have applied for accounting and finance in southampton university, loughborough univesity, manchester university and also portsmouth university, would these be considered good, and also if i dont manage to get into any...what can i do after that...through clearance..what other options will i have to take in order to get somewhere like that.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    York where I am normally offers clearance places on the management course, which is the same in the first year as what I'm doing, Accounting Business Finance & Management - then just specialise in second and third years.

    Southampton is good for maths
    Loughborough is good for sports
    Manchester good for the arts
    Portsmouth, I dunno

    But a degree is just a step in the door - a lot of these careers are highly competitive and you won't step into one straight away. The average age of someone starting is 30 I think, and many have MBAs and such. Things like experience, expertise will definately come into play.

    I think in many ways now except for specific disciplines the degree you do is just proof that you can learn, and learning begins after you finish. There is still bias for graduates from Oxbridge, but that tends to be more from the fact that the recruiters for prestigious London firms came from there themselves, than any real merit. Not to say oxbridge grads aren't capable.

    In theory a 2:1 from a polytechnic = a 2:1 from oxbridge. There are standardised ways of measuring students. But you may get more value added at a bigger and more well equiped uni, and may find you get on better with the course and do better.
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