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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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Original poster

Where do these massive salaries exist?

128 replies

AliceinRealityLand · 04/05/2011 16:07

I've been reading the "Are you Rich?" thread on here and some people seem to have very high salaries indeed. Apprentice candidates each year on the programme are already on salaries of 100k plus before being on the show. Plenty of people seem well off and have houses and cars that mean they are obviously not earning the minimum wage.

I do not know anyone locally (east anglia) that earns more than about £20,000 per year. There are no jobs around here that pay anymore than that. And the ones that I know earning 20k or so are teachers and nurses. Nothing is ever advertised in my area with a higher salary than that.

Where are all these 100k+ jobs?

OP posts:

Bellie · 04/05/2011 18:08

when I started work in East East East Anglia (so not Cambridge ) when I first graduated I was earning £13k so I would have been expected to earn well above 20k now as that was over 15 years ago now!

noodle69 · 04/05/2011 18:11

Very rare though in Devon and Cornwall though. Wages are extremely low for the vast majority of people. Its supply and demand though as if wages were high then most people would live here because its very nice. I remember the story about the estate agent as well.

chateauferret · 04/05/2011 18:13

I am an IT consultant. I would consider £100k beyond the dreams of avarice.

EverythingInMiniature · 04/05/2011 18:13

This reply has been deleted

Message withdrawn at poster's request.

HoolaHooper · 04/05/2011 18:15

A lot of the higher paying jobs are for teh professions which involve years of study - not something that most people want to do. The money is a reward for that. I used to work at one of the big acctg firms and the graduate starting salary was about £25, in London I believe its about £35k for solicotors. With bonuses for exam passes and annual rises on top it's easy to see how you get to £100k fairly quickly.

Also maybe 3% of people earn over 100k but what % don't work at all or only work part time? The average wage of about £26 I think includes for students/part time workers so the actual average is higher I think.

vickibee · 04/05/2011 18:21

What would your monthly take home pay be on £100K?

Absolutelyfabulous · 04/05/2011 18:24

About 6 or 7K?

theinet · 04/05/2011 18:24

i earn around £50k a year now and feel badly off compared to when i earnt £80k p/a before i was made a redundant in the recession. My career was going so well... oh welll... Makes me laugh when i hear on the news that the average salary has fallen 3% in real terms over the last year - mine's dropped 30%. However i also appreciate £50k a year is a lot more than many people and i am reasonably comfortable, not over borrowed ( a key element people forget here - those with big incomes often have big debts). But £50k pa isn't rich, and i feel like a pauper compared to my friends, many of whom earn £150- £250+k.

minipie · 04/05/2011 18:26

About £5000 monthly take home vickibee, I think.

wannaBe · 04/05/2011 18:29

nowhere near 7k more like £4.5/5k after tax/ni and that's just a rough estimate - it might even be less. Esp given that there is no tax starting point now for salaries of over £100k.

lesley33 · 04/05/2011 18:35

Just been looking at Govt stats. In 2010 only 10% of people earned more than £56,000. However, when youlook at overall income, only 50% of household income comes from salaries. For poor people there are benefits.For the rich other sources of income such as shares are important.

So a salary of 100k is much much better off or richer than most people.

vickibee · 04/05/2011 18:41

We live in South Yorkshire and I don't see these mega salaries advertised either. More should be done to encourage enterprise in deprived areas. It seems the SE of England have all the best jobs. The other side of the coin is high house prices

GandTiceandaslice · 04/05/2011 18:44

If someone is struggling on a salary of £100K a year then they're budgeting wrong!
No matter what the salary is, people need to budget.
The high salaries are in The City (London)
My dh works in Canary Wharf. He doesn't earn anywhere near £100K though!
He knows people who bring more than that home in an annual bonus though.

DarthNiqabi · 04/05/2011 18:51

This reply has been deleted

Message withdrawn at poster's request.

lesley33 · 04/05/2011 18:53

If you are earning more than £118,000 you are in the top 1% of earners. So what do you define as rich? Most people would think if you are inthe top 1% of earners you are rich. Of coursethere is always someone richer than you.

Lonnie · 04/05/2011 18:54

I Dont think any of us said that those whom are living on that sort of salery were struggling. what was said was that it was not nessesarrily stinking rich. I would also point out several will have 100K income from 2 people earling 50 - 60 K each so more than 1 way to get to the 100K

lesley33 · 04/05/2011 18:56

So what is rich, because I think being in the top 1% of earners is rich?

darleneoconnor · 04/05/2011 18:56

Have any of you who think £100k isn't stinking rich ever lived on benefits?

Hmmm...

Some people should come back to planet earth.

TidyDancer · 04/05/2011 18:59

DP's dad earns about £125k pa for about a three day week. It's shocking really. He is very generous with his money though and he's basically the reason DP and I were able to buy our house (he helped with the deposit). He is self-employed and does consultancy work, having worked in local government for many years. DP's mum earns about £25k so they have a combined take home of £150k.

TidyDancer · 04/05/2011 19:00

Oh, we are in Hertfordshire, btw. DP's dad works in Home Counties/London.

Hulababy · 04/05/2011 19:01

There are £100k jobs all over the country, defintely not just London. However, in London you will find the massive massive salaries, but they also tend tp want you to work much longer hours in order to get it than in other parts of the country.

If you know teachers OP then you will know people earning a fair bit more than £20k. Teacher's salaries are higher than that regardless of where you are in the country.

DarthNiqabi · 04/05/2011 19:04

This reply has been deleted

Message withdrawn at poster's request.

Hulababy · 04/05/2011 19:08

High earners also pay more tax now than they used to. There is no personal tax allowance for high earners, so they pay tax on all their salary.

£100k does not make a person rich these days. It is a very very good salary. It makes life very comfortable. But it doesn't mean second homes, mansions, several sports cars and off shore accounts.

Even outside of London people earning £100k life normal "middleclass" style lifestyles.

FuppyGish · 04/05/2011 19:09

Work for the Big 4, think all of them have Cambridge offices.

TidyDancer · 04/05/2011 19:14

I agree with you Hulababy. DP's parents have a very small mortgage on their house (owing to the salary and the fact they bought it in the 90s), and they were able to help us buy our house, but they are certainly not what I'd call rich. They have a four-bedroom house, two nearly new cars and have nice holidays, but they aren't what I'd call rich. They do very well and they are comfortable, but they (and we) do not live in a cheap area, if they were in the North, the money would mean an awful lot more.

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