To ask what jobs you do that earn 40k/50k plus

[TheresAlwaysAnAskHole]

As DD heads to FT school, I'm reconsidering my career. My existing career as a teacher has a salary of around £24,000 - £28,000. I am unemployed right now.

I'm wondering how quickly I can study and what jobs I can quickly move into that will bring big money.

Procurement.

Spending money for a living

If OP did want to be a solicitor, the issue of student loan eligibility doesn't arise. The courses she'd need, a law conversion if she doesn't have a law degree and then the Legal Practice Course didn't come under student finance even when you could get funding for more than one degree. They've needed to be privately funded for a long time now and career development loans for this purpose are very common.

I don't think the law would be a particularly good choice for OP, not least because there are more lawyers getting paid teacher wages than getting the big bucks. But routes exist to fund it. The biggest firms will also pay for those courses and a small stipend for living expenses but again, those are phenomenally competitive.

The problem with Teacher’s pay atm is that schools are so underfunded they are struggling to pay their staffing costs.

I’m a teacher on the upper end of the pay scale with no extra responsibilities. I just left my school due to relocation, and I’m struggling to find a new position willing to match my most recent salary. . My salary progression wasn’t automatic- I had to provide a portfolio of evidence to show that I met the higher standards required for me to “cross the threshold” - so I really begrudge having to step down a level (or more) to carry on doing the same job at a different setting! I know plenty of teachers that have changed schools and had to take a step down on the pay Scale! (Part time teachers are particularly affected)

So yes although there are many teachers on 40k salaries- it’s becoming much harder to move up the pay scales or find the higher paid positions in the first place! It really is a race to the bottom and I do worry about the pay situation in 5+ years,

Learn to code. You don't need to have a fancy degree to do it, just need to put the effort in to teach yourself. It's not that hard. As a graduate I started on £37000 (outside of london) now on £43000 (2 years in) those 5 years in are on £55-60000. This is all + benefits + bonus + flexible working. I do 3 days WFH on average.

It really is a race to the bottom and I do worry about the pay situation in 5+ years
@Waterlemon that’s why loads of teachers want to get out and are looking for careers that pay 40-50k because they’re too old and have too many family expenses to start from the bottom again.

and probably be a man to get hired

Not true, but "just work in IT for the ££" is becoming an MN meme in some respects on threads like these.

It is hugely competitive and to get to the level of earning the money in the OP, would require a good few years of in the field. Its not the simple road to riches that is portrayed on here all the time.

The thing is, teaching is by no means the only sector where that's happening. I'd venture to suggest it's quite a bit worse in law. So many talented and capable LPC grads spend years as paralegals for not minimum wage or not much better. NQT wages are a distant dream for them.

I used to earn 52K 5 years into my career as an engineer in the oil industry. Starting salaries for new graduates were in the mid to high 30s.
But the big salaries came with a lot of volatility and a high risk of redundancy during down turns....

I am now unemployed and struggling to find a job that pays half what I used to earn!

I earn close to 6 figures in marketing consultancy, but I started on 23k and worked my way up. There's no one in the industry starting on 50k.

*Very hard to know what career to advise ds1 to go for.

Particularly with all the talk of robots taking jobs!*

Ah, but the robots will need programming.

You need the right kind of brain to be a programmer though.

Not all teachers are earning these salaries! I've been teaching for 13 years and earn just under £30k in the fringe area. It's so frustrating as a lot of those years have been as supply and part-time. I feel very underpaid given my varied experience and qualifications! Anyway, am full-time and permanent now so hopefully will still be able to move up.

I think OP, you'd be best to stick to teaching. Would you be interested in private tuition? I also did educational proofreading.

I work for a consultancy in medicines regulation and earn well over that. I have a chemistry degree and 18 years pharmaceutical industry experience however. If you have a science degree you might get in on the bottom rung of the ladder but it would take you at least 5 years to get anywhere near 40k and that would be exceptional. I didn't breach the 40k barrier until 6 years ago. My salary has nearly doubled since joining consultancy but I wouldn't have got in at the top end without all the back-history!

I'm a nurse at management level in the independent sector (private healthcare) and earn 50k. Nurse just finishing uni could easily wake 30k + a year in the independent sector.

ACA qualified accountant with Big4.

You can reach £40k after 3/4 years in London but I do not think this is compatible with family life if you have caring responsibilities, the pay is lowish and the hours and study are tough for the first 3 years.

You could then switch to industry after 4 years (1 post qual) and earn £60k.

Remember to add in your pension before you start comparing. In my experience teachers don't understand their package and therefore ignore if.

Good advice. My employer contributions are 4% which is shit.

I would say digital marketing or learn to code and work as a developer are good bets right now for re-training. Boom areas, flexibility with hours and home, and decent pay and progression.

Pension and pro-rate the salary to what it would be if you didn't have the long holidays.

I'm a teacher. Private school, London, additional pastoral responsibility. I earn £63k.

I work with disadvantaged and disabled children and young people in a managerial role. I earn £43,000 but some of it can be distressing and difficult.

Compliance in the legal or financial sector, such as in anti-money laundering or data protection. Start at the bottom in an administrative role but you should get there in about 3-4 years and more quite easily, depending on whether you want to take the next step up.

You can get professional qualifications, but they are nothing like a law or accountancy degree.

OP I'm guessing you are working as an unqualified teacher with the salary range you have quoted? Would your school support you studying towards your PGCE? That would open up the rest of the salary scale to you - up to £38k. Add in even a small TLR and you would be there

I’m an IT Project Manager working 4 days a week & earn £44k. That’s sfter it has been pro-rated. It’s a well paid job but soooo boring.

Manager of a certain German supermarket pay. Start in just under £40k and goes up every year until you are on £51k

£45k as a analyst

But I've been doing this job for 8 years and am good at what I do.

Skills needed:
Excel skills
And a very analytical mind
Lots of data crunching
Ability to understand issues quickly

Disagree with pp who said there are no jobs with that starting salary.

Management/strategy consulting in London starts at £32-50k+ depending on the firm. That’s for 21 year old graduates.

I started midway through that band at one of the Big Four, and am now earning above it after my promotion 15 months in.

Not saying it’s right for the OP, but just wanted to share. I wish my parents had been able to support me in going into this area of work- they didn’t even know it existed.