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If you earn £80k or more, what do you do?

394 replies

wheresmymojo · 13/06/2019 18:21

Following on from another thread.

Partly because I'm nosey and partly because I'd love a career change but I'm the breadwinner so would still need to earn £££ to keep our current lifestyle.

I think we may decide in time to dial the lifestyle down so I don't have to work in a job I hate but for now debt means that's impossible.

So what do those on here who are high earners (£80k+) do?

OP posts:
VladmirsPoutine · 17/06/2019 00:38

Interesting thread. Good luck OP! It does sound like you have the relevant background, sometimes on threads its hard to see how the OP can segue but you seem to have the appropriate background.

CherryPavlova · 17/06/2019 07:15

AnyMinuteNow I think comments about Tories and private education perhaps make others disagree when they know they’ve worked very hard and smart to succeed.

It’s not defensiveness; it’s pride and a desire to share with others that most people with sufficient motivation can earn more than minimum wage.
We all know there is injustice. Most of us have been tireless in our efforts to overcome that injustice and make a more equal world.

Bouledeneige · 17/06/2019 07:25

I earn a six figure salary and run a large organisation in the public sector, I started out on a very low salary in the charity sector where most of my career was spent. I have always done my roles because of my commitment to making a difference to society and worked my way up with more and more management responsibility. It does carry more stress and responsibility, public speaking, politics and accountability. I am on couple of other boards too. I believe in it and love it and manage reasonable work life balance. I was never drawn to any of my roles because of the pay packet.

I always earned more than my XH and have always paid my own way.

absolutelyknackeredcow · 17/06/2019 14:43

No private school for me or connections in my chosen area for me. Endless out of hours work very early in my career and a fair amount of luck

fiorentina · 17/06/2019 14:47

I didn’t go to private school. I had supportive parents but knew nobody in financial services or marketing so worked hard, did further study alongside work, read lots and keep on top of my game by constantly learning. I firmly believe you make your own luck to a great extent.

MerryDeath · 17/06/2019 14:51

DH is a captain in the merchant navy. Sorry if you feel we let the side down, depressed ladies, but I'm happy to be able to be at home with my kids while they are little.

luckygreeneyes · 17/06/2019 15:01

Me, I work in sales strategy for an IT company. Earning 2x what DH does. I mostly enjoy it and it’s v flexible. However I’m currently yearning for a change and considering starting something up alone

ladybirdsaredotty · 17/06/2019 17:11

Well I made the wrong choice somewhere 😣 I've got a 2.1 from a good (non-RG) uni, graduated 15 years ago but earn 24k FTE looking after kids with complex needs. It's more than that really because of shift/night payments, probably 27-28k. I'm trying to choose between a career change to nursing or teaching but this thread is making me think (genuinely) that I should do law or something instead. But I can't actually afford to. Sad

CherryPavlova · 17/06/2019 18:45

ladybirdsaredotty. Why not use your skills and experience? If you trained as a learning disabilities nurse you’d be sufficiently experienced to get a band 6 quite quickly after registering - up to about 35k, a couple of years or even less and you could think about band 7 up to around 43k I think. Then the sky is the limit. You could also use it in private mental health services or respite centres for young people as a registered manager or perhaps in a children’s hospice.
If you did a PGCE you could work in a special school and be able to apply for a post with leadership responsibilities quite quickly and then maybe a headship. In a mainstream you’d be well placed to be a SENCO after some classroom experience.
A PGCE would be a quicker route to higher earning.

PanGalaticGargleBlaster · 17/06/2019 18:54

£120k+ - subsea engineer in the oil and gas industry

Xenia · 17/06/2019 21:09

Good to see so many women on the thread earning large sums from all kinds of backgrounds. It helps encourage others to see this is possible, particularly when teenage girls are making important life choices.

On the questions someone asked

Do you have very good A level results? Yes. AAB in days before A*s and they were also much better than anyone else in the school if you want to make it a contextual issue. Lots of people got none or DDE and most did not go to university.

Do you have a first or 2:1 from good university in sought after subject? Yes. 2/1 in law and I won an entrance scholarship there sitting 3 x 3hour specific exams and won prize as top of year 1 and 2 top / joint top prizes in year 2 (in the days when we had one person only get a first and 2/3 of people only got s 2.2.

What did you do in your holidays from sixth form? Read books mostly. After upper sixth I had a residential job usually fora month in the summer holidays on a children's camp domestic assistant and then I did the training course and 2 years later was a children's monitor.

What extracurricular achievements do you have? I did about 10,000 hours plus of music as a teenager, 4 grade 8s, did loads of singing and other music at university; lots of reading; wrote some books (not published at that stage) and some other things. I got a book from the library when I was 15 on how to touch type and used my life savings to buy a typewriter and wrote books etc.

What were your achievements in your first job and what additional accredited qualifications did you obtain? With law getting started was and is hard. I applied to 140 London law firms over about 6 - 8 months at university and had 25 interviews before getting the first job offer and then you have law post grad to do and your 2 year training contract.

Did you just do one job? If so, how did you broaden your skills and cv? No I moved firms when I qualified to possibly the best law firm in the UK in London.

Have you sought promotion frequently? In the sense of moving law firms - worked at 3 before founding my own (and I set it up in part because I was not made a partner at my last firm).

Have you persisted until you get promotion? Yes in the sense of branching out on my own. [ Which is wonderful as you get to keep all the money!]

Have you continued to gain additional qualifications as you move up the ladder? It does not quite work like that in legal careers but I aimed to be a leader in my field, wrote 30 law books, contributed to lots of others, gave about 1700 legal talks (including in places like Iran, Nigeria, Dubai, Trinidad and places in Europe - not easy when you have small children) over my career, went on TV a bit and radio to keep up my public profile , on some committees and that kind of thing,

Have you put in the hours and can you show ongoing leadership, innovation and sustained achievement? Yes worked very hard eg worked until in labour, took 2 weeks annual leave, back full time after 2 - 3 weeks etc kind of working hard.

Have you been willing to move for promotion or broader experience? Yes for my first job (been in London since) and more importantly my husband moved hundreds of miles and sold his house and got a job in London to move for my career as I would always earn more than he would ( he is a teacher).

ChangeMyWorld · 17/06/2019 22:09

Bit of a derail, but how many of you on 80+ are under 35 please? I've long aspired to reach the 80s - seem stuck in a rut at the 50k mark - and feel like time's running out but I'm not even middle aged yet...

NameChangedNoImagination · 17/06/2019 22:45

I don't have a levels. Got an OU degree I never use. Was a nightmare teenager and used jobseekers allowance during early 20s for years. Just to show people who are not like Xenia there is still hope Grin

TalkinAboutManetManet · 17/06/2019 22:50

How many of you on 80+ are under 35 please?

I’m 36 and on £105k.

I’ve had two big promotions in the past 4 years but, to give you an idea, I was on £58k at 29 then made a conscious effort to move to a company with strong progression opportunities, annual salary increases, and a decent bonus scheme. I joined them on £72k at 30, promotion brought me up to £82k at 32, £91k at 35 (through pay progression of c. 3.5%-5% per year), then promoted at 35 to current salary.

The company I work for has a very generous learning and development budget so I do a lot of CPD and qualifications through them, but also spend maybe £4k a year on additional courses, weekend conferences etc. out of my own pocket. I like to pursue education like this privately as anything funded through work is also available to other employees, and I like to take part in courses that they don’t.

Just in relation to an earlier post, while I didn’t go to a fee-paying school, my husband did. He earns exactly £1,000 per year more than me. He’s almost a decade older and has about 7 years more commercial experience than I do, but I do out-earn him if you look at our salaries taking ages in to account. At 36, I think he was on about £75k. To be fair, though, his industry did suffer very badly during the recession, and it’s only in the past few years that he’s been able to progress his pay through annual increases and promotions.

I don’t think our schooling made any difference.

ceeveebee · 17/06/2019 23:02

Bit of a derail, but how many of you on 80+ are under 35 please?

I am way over 35 now, but have been earning over £80k since I was 31 (was on £120k plus 30% bonus at 35).

CherryPavlova · 17/06/2019 23:14

Well over thirties. Husband earned 150k plus from early thirties but I mainly looked after children and ticked career along part time / studied until youngest was sixth form. Then started climbing back up the ladder.

2018SoFarSoGreat · 17/06/2019 23:23

Bit of a derail, but how many of you on 80+ are under 35 please?

I am closer to retirement age, but had a goal of $35k when 35, $40k when 40, etc. I exceeded all of my goals, and was at $100k when 40.

I was a rebel teen, dropped out of school mid O levels, and took advantage of a TOPS program when 20, which gave me basics for office administration. I have just worked my way up. My ambition has surprised me as much as anyone, but being determined and working hard and smart has paid off. I have been lucky to be 'seen' by those who could make promotions happen.

trixymalixy · 17/06/2019 23:29

I earn >80k for a 28 hour week. I work from home 1-2 days a week and I am mostly able to change which days those are to fit round the kids. I am an actuary.

Do you have very good A level results? Didn’t sit A levels, but highers. I have 2 As and 5 Bs. Not brilliant but pretty good compared to others from my comprehensive.
Do you have a first or 2:1 from good university in sought after subject? Yes, I have a 1st class engineering degree.
What did you do in your holidays from sixth form?
What extracurricular achievements do you have? Play several instruments, played volleyball in the national junior squad, flew planes in the university air squadron.
What were your achievements in your first job and what additional accredited qualifications did you obtain? Qualified as an actuary.
Did you just do one job? If so, how did you broaden your skills and cv?
Have you sought promotion frequently? Have you persisted until you get promotion? Not really.
Have you continued to gain additional qualifications as you move up the ladder? (Particularly if your A levels and degree aren’t at top of game). Yes
Have you put in the hours and can you show ongoing leadership, innovation and sustained achievement? Probably not.
Have you been willing to move for promotion or broader experience? No, I took a pay cut to avoid moving.

luckygreeneyes · 18/06/2019 00:54

@ChangeMyWorld I’m 32 on 160

Buddywoo · 18/06/2019 01:12

My daughter is on £800. She is a lawyer.

MsLumley · 18/06/2019 07:01

I'm over 35 now but got the promotion that pushed me over £80k when I was 33, then moved into my current role a few months later.

Myfoolishboatisleaning · 18/06/2019 07:03

University lecturer. Not in UK. Yes very depressing that so many people are saying “DH does.....” fucking hell.

Myfoolishboatisleaning · 18/06/2019 07:06

How will you support yourself if your marriage fails merrydeath?

Sipperskipper · 18/06/2019 07:33

Why is it so depressing that people’s DHs earn 80k+? I can think of far more depressing things than a household in which one partner earns more than £80,000 a year.

Yes, my DH earns this much, working in IT strategy. He left school with pretty rubbish A level results, but was lucky to get an entry level role at a local company. He earns a lot and has decent shares etc, but he doesn’t enjoy his job.

I’m a specialist nurse with a masters degree, and my full time wage is around £40k. However, I work one day a week currently as we have a toddler DD. I love my job, and have lots of opportunities for career progression (but realistically not on one day per week).

It just makes far more sense for DH to be the full time earner at the moment - he earns almost double. Not because he has an unfair advantage etc, or because I have assumed a stereotypical female role, but because my current job (whilst providing great satisfaction and opportunities) pays much less. I’d happily argue that all nurses should be earning over £80,000 but that’s clearly not realistic.

Yes I could increase my hours and chances of progression, but not while DD is small - I just don’t want to. Our life is very nice, with very little stress, thanks to (shock horror) DH earning well.

Meyamoo · 18/06/2019 07:43

Partner in Professional Practices (accounting/tax) firm

Finance Director

Programme Director

IT Project Manager

Chief Technology Officer

Development Director

Solicitor (Senior Associate)

Chief Executive

All roles in my social circle, earn well over £80k, and a good work life balance is achievable.

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