Earning £60k aged 23.

[sandycracks]

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

I think this thread demonstrates how London based MN is.
I live in the Midlands and don’t actually know anyone of 23, 33, 43 or indeed 53 who earns this much.
The strange thing is most of MN also appears to know lots of people who are two meals away from starvation and totally depend on food banks.

My extremely kind, handsome, skinny and athletic 6ft 5 son who eats 20 weetabix and a loaf of bread as a pre breakfast snack earned £200k when he was 21.

His exceptionally generous, tall, skinny, non-carb eating twin sister earned £150k when she was 21 but she also won the Nobel peace prize so we forgive her.

Just saying for context, absolutely not bragging.

ST2409

You should start your own thread

Yes

We are one of the best employers in our field(tech) and one of if not the top of the big four and even with the top talent available from MIT etc 60k averaged for the UK would not be a wage a 23 yr old would be on.

There are some outliers of course, but as a general rule no, I would assume they was in a high pressure sales job or working there arse of in finance with bonuses included. I could possibly believe it, if it was some trade.

I regularly have to give the parents a reality check when they bring there children round our graduate scheme, we are a very good employer that others emulate and we work them to the bone for the first couple of years.

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MNHQ

My DS was warning £72k as an engineering project manager ( working as a contractor) at that age.Thats very low for a contractor in that role.

yes, depending on the profession. Eg if they are in investment banking etc

My husband was a regional bank manager at that age for NatWest, this was 19 years ago! So yes, I'd completely believe it.

My son's two friends both graduated with IT coding and model making degrees. At 21 one got his first job earning £50k the other £52k and both have been promoted 2 or 3 times and one is now on £64k at 24 and the other on £70k at 24.

Only fans?

Yes, I was earning similar in the City at that age, 25 years ago. We bought a 2 bed flat in zone 1 for £347k too 😂

Plenty of recent grads (banking, law) earning more than that nowadays.

Your friend is massively overstepping sharing their adult child’s financial information!! Bragging and inappropriate.

@sandycracks I suppose it's certainly possible down South / London. but it does seem like a lot for someone of 23. Someone who's only left uni like 24 months ago.

My daughter - in her late 20s is on £55,000 a year, and her husband is on slightly more at £57,000. (Midlands.) So it's certainly possible in your 20s to be on that kind of money in certain types of jobs/careers. I won't say what they do as it's potentially identifying.

You live in central London and never heard of investment banking, private equity, hedge funds, law firms, big tech companies?? Never met a person from these professions? Are you sure??
it’s impossible not to meet them in London rather than the other way around

My daughter earns £140k a year plus bonus at the age of 27. She works for a “Big Pharma” company.

That would put them in the top 10% of uk earner and somewhere close to the top 1% for their age group so I'd want to know how they earned it. But, it's fairly doable in some sectors.

I was earning that at 23, and I know another who is around that age and earning more now.

Both sales roles.

Of course I would believe them, I would assume they worked in a specialist industry, had a degree, qualified etc.

What sort of role?

I’m in the Midlands too. I think you need to be a bit more regionally specific because there are certainly grads at Deutsche Bank, Goldmans, and even Deloitte on that kind of money in Birmingham.

It's not impossible.

I work in consultancy and our grad intakes will start on £35k as analysts.

If they're good, they could be senior consultants within 18 months on a base salary of £55k with a 10% bonus.

Mumsnetters are full of mad dog and jump on these types of posts, they usually get snottier as the post starts to get bigger lol.

It is possible. Uni in the UK ends a bit earlier than that in some cases. If the Company found a brilliant, driven candidate, who knows

Ds and partner earn that in London ...they are 23/24