Is this classed as a ‘high earner’?

[Earnerlesr]

65k.

And if it’s not, what figure starts to be classed as a high earner?

The other thing I actually don’t understand is how everyone seems to know what other people they mix with earn.

I earn close to £100k

I can only afford a small 2 bed house where i live whereas plenty of people from kids school are in small/medium mansions. Presumably because they're earning a lot more than me

Not necessarily. They may have bought houses at different times, they may have inheritance or wealthy relatives who have helped them out or have had lucky investments.

You can’t work out what people earn by the house they live in.

Because we work in industries where we know what the average pay is - it’s often in the public domain

look at glass door.Co.uk for example

So you reasearch what people in your extended social circle earn on glass door?

I don’t do that you’re right 😂😂😂

Honestly this is such a silly response that seems to be repeated time and time again on here - people honestly can’t seem to understand that other people have different experiences

yes - mumsnet has millions of users representing all of the Uk

London is the UK’s financial, legal, political and you name it centre where a huge amount of home grown and other talent and money sits

12 million people live within the M25

and so a large number of those people will be earners (or married to high earners)

even this guardian article basically says the same thing

https://amp.theguardian.com/business/2019/aug/06/london-is-increasingly-home-to-the-top-1-by-income-study-finds

Yes agreed with this

we have siblings up north who are public sector workers and have openly said they earn a fraction of us and honestly their house is larger, they drive nicer cars and go on nicer holidays

their life is their norm

and our life is ours

No - and you are sounding silly

I work and live in the city - lawyer/consultant - and deal with accounts and figures all the time

but if you don’t then glassdoor can tell you what different industries pay which is what the op wanted

equity partners - each firm has average profits per equity partner - just google it - it’s always in the FT and public knowledge and by ordinary standards is a ridiculous amount of money

our firm advises private equity funds, hedge funds, institutional investors - all based in London with people from analyst to managing director level - those profits and salaries are visible from accounts /in the public domain

I recruit juniors and so know what they get - and they do normally get more than £65k

I hear what recruiters have to tell me about job opportunities for me

its not rocket science. There is a cross section of people in the Uk and also on mumsnet

£65k is a good salary but it’s not necessarily a high one in some quarters

this will depend on where op is

I’m not being silly. I registered surprise about people being so sure about what others earn. I was told I could find out on glass door. Utterly batshit.

If they are work colleagues yes but most people who live near me/ wider circle I only have a vague idea what they do. People guess by looking at assets which doesn’t tell you someone’s salary.

No, I said this is in the public domain for people who are either curious or sceptical about people’s earnings eg accounts, FT and yes glassdoor

I have no desire to check other people’s salaries on glass door - I deal with that stuff for my work and it’s all there in the public domain

Also as per guardian article I shared - £160k wouldn’t even be top 5% of male earners in London

Also yes agreed - assets mean very little given bank of mum and dad, inheritance, overleveraging and different appetites for risk

anyway 65k is a good salary but depending on what op means by “high” - in certain sectors it’s not a high one

From a personal perspective - My friends who aren’t in financial services - I generally have no idea what they do other than the obvious eg GPs

but I did a financial course at a London uni college and so all of our cohort and a lot of my school friends in London went into similar industries which are interlinked eg advisory firms who advise other firms which invest cash that other firms give. So it’s not such a black hole as it’s all connected

but this is definitely the bubble in action.