Earning £60k aged 23.

[sandycracks]

If someone told you that their child was 23 and already earning £60k, would you believe them?

Yes. My DC had friends earning £60k at 23. As has previously been mentioned: law firms, banking, tech.

I worked in the City in the 80s and 90s. The remuneration was very high. Few stayed for more than a decade, possibly two. Overall, whilst drs and academics don't start on anything like £60k the career long stability and prospects are enviable.

My old boss was 23 and earning £60k (inc. bonuses) back in 2011! Mobile phone store manager (chain)

Yes, my friends 23 year old is on 70k

also, dd is 21 and she will have hit 65k in a sales job before she is 22

I've never known anyone on anywhere near that and my acquaintances tend to be Oxbridge educated, to postgraduate level.
I've never heard of some of the jobs mentioned here.
Working class jobs (plumbers etc.) tend to pay more?

Plenty of people in my line of work could be earning that by 23, particularly if London based.

It depends what they do but not unbelievable.

DDs friend does as a pilot for a well known airline/holiday company but including enhancements. Summer is mad busy works all the time, winter very laid back but this is the P60 figure.

And???

Why don't you believe them, OP?

Plenty of employers have graduate starting pay is £50-£60k at plenty of employers so it’s perfectly credible. My first job after uni was £45k and that was over 30 years ago.

I live in central London. No one I know earns as much as £60,000. One or two people in the £40,000 range (civil service). Most around £20,000.

Yes of course.

My son whose 24 is earning £54k. He is looking for a new job and looking at roles that are between 55-60k. He works in financial technology. He doesn't have a degree just went straight into the city after sixth form. He earns more than me at 47 and I have a degree, masters and a twenty year career in the public sector.

I agree. Just like there are posters on here earning the MN standard six figures (although £200k or £250k seems to be gaining traction recently) that make me think ‘yeah, in your dreams’ and others where I have no reason to doubt it.

£60k would be a huge sum to most in their early 20s, including many with great academic records setting out in decent careers, so it’s not the norm. But it is at the same time entirely believable.

Graduate in finance/wealth management, I would think immediately.

yes , absolutely. Not sure where they work but in e.g London you need min £1000 plus bills just to rent a room in a shared house. It's actually shocking.
I know a few of that age on salaries 45k
plus, they work their socks off for sure.

Most of DS university cohort are in jobs that pay this judging by the jobs they were looking. I don't have any idea now. But all the grad schemes started at 40/50k.
He has other friends from junior school who run their own business and I would think they earn that looking at their houses and success of their businesses but I couldn't say for sure because I've never asked.

Yeah, I know several around that age who are earning this amount (and more!) in Tech startups, finance, and engineering. Wish I had the nous to aim for tech back then!

Why wouldn't you believe your friend/why is this an issue?

You live in central London and don’t know a single person working in tech, finance, law or consultancy?

My son was earning that at 23. Lawyer in a London firm. Not magic circle. He's 26 now, and on £77k. One of his friends, also a lawyer was on£90k as a newly qualified.

Yes.. I was on £80k at 23, and nearly £100k at 24 - 26 20 years ago. Exec Recruitment/Headhunter.

Depends on what they are doing, if it’s something like a software developer then yes. My husband’s company hires fresh Grads for 60-65k.

Yes. Know several graduates who had that as a starter salary.

Yes of course.