Yes, all keep telling yourselves that if you moved from public to private sector you’d earn more.
If you are a solicitor in a local authority, you’ll definitely walk into a senior position in a magic circle firm for five times your salary. Yes.
If you work in the NHS on the equivalent of £27 an hour, when your salary is divided by the number of hours in a year, you could definitely go freelance and charge £100 an hour for every hour you work. Yes, definitely.
If you are an accountant in the civil service who has never had to engage with, you know, EBITDA or profit or cash flow, you will certainly walk into a private sector role earning more. Except you won’t: for your level of experience of the real world, you will be earning more than your private sector equivalent and you’ll have a much more generous pension.
My test for these claims is always, “well, if you’d be paid three times as much in the private sector, why not leave?”. They never do. Excuses are usually ‘pension’ and ‘I’m doing this job for the good of society’.
I used to laugh when public sector colleagues would compare accountancy firms’ charge out rates to their own salaries. Let’s say that somebody of an equivalent level of experience - not proficiency - from a top ten firm auditing them was charged out at £600 per day. The public sector colleagues would harrumph and decide that they, too were worth £600 per day, they had been an accountant for just as long hadn’t they, so their salary should be X times what they were being paid. Of course, they didn’t get that the person doing the work wasn’t getting £600 a day personally and charge out rates don’t correspond directly to salary. Did it stop them moaning that they could earn at least three times as much on the private sector? No.
You get the odd example where eg somebody who has been very senior in HMRC gets a role with KPMG or Deloitte on a bigger salary. That is because (1) they have been very senior and (2) the firm wants the inside track on where HMRC’s strategy is going. Once they have dragged all of the knowledge out of that person, they generally don’t stick around for long.