High Earners on MN?

[BitOfFun]

How? The actual leader of my county council doesn't earn more than £100K- where and what are all these super-maxed out occupations? I genuinely don't understand how mumsnetters (often relatively young) access these magic jobs I've never heard of.

YABU- they are there for the taking, you just made poor choices

YANBU- people here are very creative and there's an outside chance they may be lying exaggerating.

I have multiple income streams but one in particular brings in a very sizeable amount each month (not going to say how much but ten years ago it would have been a years worth of income). That’s pure profit. It was a business idea I had one lazy Sunday afternoon. Nothing magical about it and relatively low maintenance for the return.

But very few companies will employ someone crap just because of who their Dad/Uncle/godfather is

Of course they will. And to think otherwise is naive in the extreme.

@Toptotoeunicolour

The days of nepotism are long gone That is true. I've been in financial services for 40 years and have never known anyone get a job because of who they knew. Not a single time. It's a rumour people peddle to justify why they've not got that job.

Unfortunately it still exists. I’ve seen lazy, incompetent people promoted because they sucked up to the boss. They were also introduced to directors at other companies.

@BewilderedDoughnut

I have multiple income streams but one in particular brings in a very sizeable amount each month (not going to say how much but ten years ago it would have been a years worth of income). That’s pure profit. It was a business idea I had one lazy Sunday afternoon. Nothing magical about it and relatively low maintenance for the return.

Why not share what the income stream is? Where’s the sisterhood?!

Even if it did happen, the point is it's totally unnecessary as in my case. I did not have parents pushing me, getting help for me (I didn't need any), guiding me towards a good degree (I did a useless one), telling me which job to get or how to get any job. They lived a totally different life and had no idea. But I had still crossed that 100K barrier by age c. 30 although I only started in financial services at 27, having had a previous career by then (also pretty well paid). I had none of those magic pre-requisites such as "knowing the right people".

@Howlooseisyourgoose I don’t want to out myself on here! 😂 Also literally anybody else could do what I’m doing given half a brain and I don’t want competition.

I'm on £100k plus. Personally in my case its been through risk taking and capitalising on opportunities open to me. I got my career and qualifications sorted before I had kids and have always tried to stay relevant with any emerging trend in my industry, which has often allowed me to carve out a new role as new requirements emerged and therefore negotiate my own salary.

Nepotism isn't very popular on my industry and being related to someone actually makes people less likely to hire you as they think you won't perform or just be along for the ride.

I totally agree we need to start talking more about money with our daughters so they are not embarrassed by it but really know their financial worth in an industry. Took me a long time to switch on to this and has made me much more confident in negotiating my own salary as I know what I can bring to the party is worth what I'm asking for.

@Toptotoeunicolour yes but that’s just in your case. You said you doubt it had ever happened to anyone . The things that happened at my company were insane, and nothing makes you lose respect for your directors faster than knowing they’re not above gossip, favouritism, selection based on looks and arse licking.

[quote BewilderedDoughnut]**@Howlooseisyourgoose* I don’t want to out myself on here! 😂 Also literally anybody* else could do what I’m doing given half a brain and I don’t want competition.[/quote]
Glad you’re doing well though

Howlooseisyourgoose what you are describing is networking and schmoozing not nepotism. Nepotism in the true sense of the word is giving family members a leg up in the workplace.

I think it's time we got away from laying blame on why we couldn't do things and look instead at what is possible. The most successful people I know have this mindset of I will do it whatever it takes not I couldn't do it because of X,Y or Z.

I think there is a difference between the “I live in London and our household income is six figures” posters, who are perfectly believable, and the DH hobby AIBUs, where the poster then that she can’t possibly leave her DH because he earns millions of pounds a year, and proceeds to post some fantastic account of her yummy mummy lifestyle in their beautiful Cotswolds manor house.

Those I think are bollocks. That and the poster who posts screenshots of Country Living and claims it’s her house, and the one (same one?) who claims to be a tax lawyer who comes into completely unrelated threads to explain that she is far too rich to do whatever the thread is about, and instead has her butler do it. All made up.

If people assume everyone gets high paid jobs because their parent put in a word all that does is make those people and their own give up. It is not true that most of us in high paid jobs got them by nepotism. In law for example you apply for vacation schemes - you do about a week at £450 a week so they can assess you for a week whilst you are a student. You have to pass the Watson G test, you need AAB at A level. you need a 2/1 or higher etc etc. Loads of people pass all that, then you have to do often a day of exercises when you are assessed all day by lots of people at the firm. This is not just pointless because a client's son is a shoe in. They genuinely do not want to recruit posh thickos who are connected to the firm as then they don't get people able to do the job. It the same with medicine - my sibling's career. No matter how well connected your father if you cannot cut that patient up correctly you will fail the exam and not become a doctor.

I don't tend to remember other posters but on tax lawyers they do tend to be well paid in big firms. However if you are making someone else millions as footballers do for their clubs and some lawyers do or saving the client millions - my advance can save them £100m fines at times - then the clients are happy to pay the fees as it is small change compared with the value you bring.

The people saying they earn over 100K a year are the same ones who when having a medical check up say they only drink 7 units or less a week.
I always allow for some fantasy incomes on those threads.

I don't think most people make it up. If I charge £360 per hour to clients (I do and it's on my website site) it is reasonable to assume I earn over £100k before tax. My London lawyer daughters do too and that is all pretty transparent - there are websites giving the pay of lawyers in those top firms 3 years after qualification and most of those in the big firms are on £100k+. I also advise a lot of clients in lots of sectors and plenty of those earn over £100k but of course most people in the UK don't.

I cannot really see why anyone would want to lie about it.

@Whitehorsewaves

Howlooseisyourgoose what you are describing is networking and schmoozing not nepotism. Nepotism in the true sense of the word is giving family members a leg up in the workplace.

I think it's time we got away from laying blame on why we couldn't do things and look instead at what is possible. The most successful people I know have this mindset of I will do it whatever it takes not I couldn't do it because of X,Y or Z.

I have an English degree, you don’t need to define nepotism for me. .

Thank you also for assuming I’m not successful just because I’ve pointed out some unsavoury things that happen in business.

Wow, really fascinating that so many people on this thread either don’t believe that other women are genuinely paid over 100k or don’t believe that they got those jobs on merit.

I have an English degree, you don’t need to define nepotism for me.

But you were wrong! Nepotism is specifically about favouring family members. You suggested it was about promoting those who suck up to the boss.

@CheetasOnFajitas

Wow, really fascinating that so many people on this thread either don’t believe that other women are genuinely paid over 100k or don’t believe that they got those jobs on merit.

Nobody’s said that. They have argued with your assertion that nepotism no longer exists. Plenty of us have seen it in action.

@CheetasOnFajitas

Wow, really fascinating that so many people on this thread either don’t believe that other women are genuinely paid over 100k or don’t believe that they got those jobs on merit.

Isn’t it depressing?

@CheetasOnFajitas

I have an English degree, you don’t need to define nepotism for me.

But you were wrong! Nepotism is specifically about favouring family members. You suggested it was about promoting those who suck up to the boss.

Look it up online, the definition is the practice among those with power and influence of favouring relatives or friends, especially by giving hem jobs.

You have to be seriously pedantic to argue that I should say ‘networking and schmoozing’ instead of nepostism.

@Chicchicchicchiclana @Bluesheep8 yes talent acquisition is simply in-house recruitment. No special examinations required and the industry has a fairly low barrier to entry although we all have degrees.

My previous salary was £31k so was totally life changing to get this job as a single parent. It's also 9-5.

Dh earns that amount, partly due to having a sahp wife !!!
I agree with the law finance and medicine options

I used, in the 90s, to earn a fair bit, about £50k for seven months' work each year, before I had DS. But the world changed with the big shift to digital, and people who do what I did are now earning much less per day. Then, I was the breadwinner -- which allowed DH to get his business off the ground, and now that's successful, the roles are reversed.

But even in the west country, my plumber gives customers a list of parts to buy so he can keep his turnover below the VAT threshold...

You have to be seriously pedantic to argue that I should say ‘networking and schmoozing’ instead of nepostism.

You are massively missing the point. Networking and schmoozing are a legitimate skill which people learn and practise in order to progress. Nepotism is when a friend (who you was your friend before you employed them) or family member is given a job or an opportunity.

@Howlooseisyourgoose it doesn't really matter because if it isn't nepotism it is cronyism which is just as bad!

I think there is a fair amount of fibbing when people start discussing salaries on MN and elsewhere. However London salaries are much, much higher than salaries in the Midlands and North (as is the cost of living) and there are employment sectors in London that just seem to pay people a lot of money for some reason.