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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Do YOU earn over 40K? What do you do?

237 replies

MoneyBunny · 31/01/2012 14:19

Obviously only for those of you comfortable with disclosing what you earn.

In another thread I could see a lot of posters saying it's no biggie earning over 40K, however this is just under me and my husband's JOINT income so it does feel like a very distant wage for us.

So, if you earn 40K, what do you o for a living? How many year's experience have you got and what is your education level?

And I do mean to pry.

OP posts:
frankie76 · 31/01/2012 22:05

I earn quite a bit over
I work in retail
I have a degree but in business so not related

flibbertywidget · 31/01/2012 22:13

I earn over. Work for a large (very large) software vendor. Have worked in Comms and IT since I was 25 (15 yrs). I left Uni halfway through my degree and got to where I am through experience, gift of the gab, bloody hard work and taking every opportunity thrown at me to succeed. I have read every management/business book going. Depending on the role, I still think experience outweighs qualifications in most cases. I am sure I will get flamed by that. Just my opinion.

foreverondiet · 31/01/2012 22:16

Tax manager, work inhouse in big company, in Central London.

University (red brick, 2:1), plus chartered accountant and chartered tax adviser (exams for both set of professional qualifications).

I have been working for 15 years but earned over £40k after 5 years.

Salary hasn't gone up since I had DD 8 years ago since I work 9-5 3 days a week.

stealthsquiggle · 31/01/2012 22:26

"experience outweighs qualifications in most cases."

with the exception of some vocational occupations, where the qualifications are a prerequisite, I would tend to agree. Except that I don't think, from my observations, that it would be easy to get into the IT industry without a degree now as it was 15 years ago.

Lueji · 31/01/2012 23:26

PhD, two post-doc appointments, one post-grad.

Lecturer on a London wage.

Comparatively not enough. :-)

ChasingSquirrels · 31/01/2012 23:34

I would if I worked full time.
Chartered Accountant - degree, professional qualification, 15 years post-qual experience.

AnonyMaw · 31/01/2012 23:44

Currently on £50k, with 12 years experience, Engineer, with BEng(hons) degree, and some professional qualifications. I took a short career break some time ago and then downsized my career to fit in with the kids, so for the last 6 years I've been just drifting along. If I'd stayed in the oil industry, working silly hours I'd be earning way more, but of course doing that I'd seldom see the kids.
It helps that I work in a traditionally male field, salaries are higher than for the equivalent 'female' jobs. I have some responsibility but it's generally not a stressful job. Also there are not that many of my type of engineers around, so supply/demand works in my favour. I researched all of this when choosing my degree subject (cold, hard nosed geek that I am!). I'm saving music and literature for my retirement!

JoanaM · 31/01/2012 23:46

flibbertywidget

depends on the role, i think sales/marketing/client facing heavy roles there is definitely an argument that social/interpersonal skills, business acumen and sheer determination are far more important than a degree. However the creators of the product and the people who deal with the money (engineers & accountants) will need the education to get their jobs.

winniethepug · 31/01/2012 23:47

I did, just over 44K in total. I was an Executive Assistant at an Investment Bank in London. I have a B Commerce degree and worked in much more senior roles in banking until about 4 years ago when my DH and I decided that if we wanted children it would be better for me to have a less stressful job that was easier to go back to on a part-time basis post children.

myron · 01/02/2012 00:17

Pre DC (8 yrs ago) comfortably over. IT consultant with global co - financial services sector(not a contractor) with 7 yrs' relevant industry experience. LLB + LPC totally unrelated. (Another lawyer who changed career path early on!) Relevant MSc with other IT project managment qualifications.
Post DC - SAHM who is brushing up her PM skills for a major house project.
DH - six figures. CEO of a tech company. BEng, MBA with 18 yrs' experience.

bettybat · 01/02/2012 06:43

40K - digital marketing/web management. No degree and looking back, I didn't exactly spend years and years working my way up to it either. About 5 years ago, I was on 16K. 6 years ago, I didn't even have a job, was having panic attacks at the thought of holding down a steady job, and needed hypnotherapy just to get myself outside! Completely self taught, and just got really lucky, I guess.

I'm currently doing the chartered marketing diploma (yawn) which I think will mean if I were to leave current role, I would be aiming for the 50-60K jobs, combined with experience. But who knows. Most companies don't have the remotest clue about their digital marketing role - judging from the job descriptions, most seem to think it should be combined with IT support duties Hmm

For a while, I was hard on myself about my salary but this thread has made me realise that I haven't put in the years to get to that - which has helped put things in perspective.

Morloth · 01/02/2012 07:31

I earn $42k part time (would be $105k) full time.

I manage an office for a mining company.

Bog standard bachelor of science and around 16 years experience (including times where I have been part time/consulted or been a SAHM).

I have MN to thank for motivating me back into the workforce. I was quite happily treading water for a few years with no real ambition to get back into it. Some wise women posted on some threads about how hard they were finding coming back etc. I am glad I got up and changed things TBH. Feels so good to be earning and busy again.

niceguy2 · 01/02/2012 08:35

Except that I don't think, from my observations, that it would be easy to get into the IT industry without a degree now as it was 15 years ago.

I don't think it's easy to get into any profession now compared to 15 years ago. I still think however that to get into IT is easier than most. As long as you are willing to start at the bottom such as a helpdesk or repair tech and work your way up that is. If you want to start at a multi-national then that's way harder.

Even then I'd argue that industry qualifications like those from Microsoft, Cisco, etc are more useful than a generic IT degree and way cheaper/quicker to achieve.

marriedinwhite · 01/02/2012 08:47

7O'Levels, a secretarial course and finishing school led to me into the City and I worked my way up to Eurobond Salesman in the 80's/90's and earned a 6 figure salary.

After an 8 year career break I started at the bottom in HR on 9k part-time, worked my way up, did the CIPD exams and then a part-time MBA and now earn just over 40k in the public sector just outside London. I would have got nowhere if I hadn't done the exams and was the only person on the CIPD course who didn't have a degree!

stealthsquiggle · 01/02/2012 08:48

ah, sorry, niceguy - I meant joining a vendor would be hard - I know we only interview graduates and I can't imagine we are unique in that. Getting a job in an IT department - well, yes, professional qualifications would be more useful than an IT degree (although still not cheap!) but I may be showing my predjudices on the usefulness of 'generic' IT degrees there.

hedwig2001 · 01/02/2012 09:22

46k pro rata. RGN, BSc(hons) from Russell group university, 24 years experience, lots of vocational courses. Work as an Advanced Neonatal Nurse Practitioner.

DamnBamboo · 01/02/2012 09:31

Yes I do.
Have four degrees and over 10 years experience in my field.

BoyMeetsWorld · 04/08/2012 21:40

bettybat I'm in a v similar position to you - but back at an earlier stage! 2 years in & I'm on 28k in Digital Marketing / Web Editing . How long did you stay in each role, just out of interest, did you work in- house or for digital agencies and are you working in the city to hit 40k? If I make it to that I'll be ecstatic!! Blush

ByTheSea · 04/08/2012 21:42

I am a business analyst and earn well more than that. I have a degree (unrelated) and lots of years of IT experience. I did take a 7 year career break to stay home with DCs as well. I have made substantially more than I make now as a project manager but prefer what I do now.

ginmakesitallok · 04/08/2012 21:47

I would if full-time - degree and masters degree, over 10 years experience NHS. DP does, PhD and a senior lecturer

MamaGeekChic · 04/08/2012 21:54

I'm 25 and graduated 4yrs ago with a degree in accountancy that I've never used. I work in sales for an IT company. Being commission based it fluctuates wildly, last year I earned just shy of £80k, but i was on mat leave for 3 months of that. This year I expect it to be around £100k.

MamaGeekChic · 04/08/2012 22:02

Just realised this is an old thread and i've now replied twice...

Ohhelpohnoitsa · 04/08/2012 22:46

This reply has been deleted

Message withdrawn at poster's request.

DefenceAgainstTheDarkArts · 04/08/2012 22:54

Just! Grin Head of English at a secondary school.

So glad CB still exists for those earning above £40,000!

Boggler · 04/08/2012 22:57

Yes over £40k, work as a senior finance officer for local government. I'm responsible for multi million pound budgets and more than 50 staff. Haven't had a Patrice for 4 years though.