Earning £60k aged 23.

[sandycracks]

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

Sure. Graduates joining Goldman Sach get $120k in their first year.

That's quite unusual that someone who has only been teaching for 3 years could be a deputy principal. I'm sure she's great but she won't have much experience.

From personal experience: IT (coding in particular) and law (City/American/in-house firms), but there are many other professions that pay this.

Of course it is

That's where my brother was at that age 😃He got in after doing a summer internship with them.

@NewName122 how naive are you.

Yes. Could be a city lawyer for an American firm.

Yes, I have a younger friend earning more than that and is only slightly older. Also a colleagues child (super proud mum) is earning a lot more than that at a slightly younger age. Both vaugely in tech/coding/cyber security.

@Georgyporky why wouldn’t they? Especially if the parents have bought them up and helped them to get through education and I to work?

we are quite open about money in my immediately family so would expect to know what our DC are earning and they’d tell us - I wouldn’t necessarily tell others though.

https://www.chambersstudent.co.uk/law-firms/law-firm-salaries-compared

Salaries for 1st and 2nd year trainees plus newly qualified salaries at the big city firms.

Youngest NQ solicitors will be 24 (3 year degree, 1 year lpc and 2 years trainee)

@Namechangedforthis25 and £150k a year plus once they’ve completed training contract so aged 24/25 - crazy!

One of mine was on that when he left university. 3 years later it has trebled. A humongous amount of money to be earning at 26.

Is it naive to not set your default at "the other person must be lying" ?

My son is earning just over 60k and his partner on 80k . Both 23. They have both worked hard and both obviously aimed high . Have two older children who have also worked hard but their income is a lot less .
I judge their achievements on what they want to do in life and that they are happy,caring people, not their income.

I agree !

And work you to the bone for the privilege, and those that do offer that type of money you already need an in, it is very very rare for a freshman who aced their grades.

The £100/60K usually includes bonuses and is not the baseline figure even in the magic circle for a 23 yr old unless you have been done a favour.

Yes - I'd believe it.

It's possible even for first job as software engineer (or similar) with good degree (ideally masters), and once you've done a first job for 2-4 years then you can earn substantially more.

Perfectly possible.
When I was 23 (early 80s) I was self employed and after expenses was earning around the equivalent of that at today's prices, if not a bit more (given £100 then is equivalent of £432 today). I was very lucky as in order to continue to pay my 15% mortgage I'd taken a leaping change of tack from 4 jobs (3 were part time) to one and gambled I could pick things up and run with it and earn a lot in less hours - it happened, and that subsequently allowed me to side step to a fantastic fun career.

https://www.chambersstudent.co.uk/law-firms/law-firm-salaries-compared

No those are the salaries not bonuses. See link.

Not denying they work you to death and it’s mainly Oxbridge/top Russell group uni graduates but those are the actual salaries. Super competitive but some make it.

ALDI’s graduate management scheme pay £50K plus a fully expensed car, so completely believable.

https://www.aldirecruitment.co.uk/area-manager-programme/graduate-area-manager-programme

Yeah, no they are not, at 23 in coding/tech/cyber security

This MN meme needs to die, for example MI5 who grab the best of the best in Cyber Security only offer 33K for a graduate program, I work for one of the big four in Silicon valley and even our dream factory that pushes boundaries don't pay that much for a grad, and I know grad developers who sit in cubicles all day in the Square mile who just scrape that amount at 23 but rely on company bonuses and are being burnt out in the hope the move along the chain.

It's such an MN cliché... it's a step above telling people to do a few months on codeacademy to start earning mega bucks..

It's not true in my experience. Smaller firms work you just as hard for A LOT less money and less benefits. Big law firms that I have worked in treat their employees very well. The hours you work very much depend on the area of law you are in, but the hardest I have ever been worked was when I was a Duty solicitor in a Legal Aid firm spending nights at police stations and then all day in courts for a pittance. Thankfully I switched early on in my career.

Of course. It’s relatively easy in finance/trading.

Fair enough I stand corrected, I only know of Tech industry.

I will stand by even the top Oxbridge/RG grads need an in though, if anything I see of the techs going into the city firms.

I think it's overrated how much of an "in"/connections you need to have in order to get well-paid jobs. Good grades and the ability to do well in tests/interviews is all there is to it more often than not. My family have zero connections and don't even live in the UK and both my brother and I got in through ordinary recruitment processes. Actually, recruitment policies at large firms are much more transparent than at the smaller ones.