To ask if you earn £75k per year?

[Bizkwit]

How long did it take you to get there and what line of work are you in?

How long did it take you to get to £50k and then from £50k-£75k

That seems high for the education sector! Would you mind saying what you do in a little more detail?

Took me 8 years of working to get from £12k to £50k+ and another three years to get to £70k.

I have similar aspirations. I’m going for one more promotion this year and then the salary vs work life balance will have hit the sweetspot for me.

I have been hiring this week and had to check myself because I have a bias against hiring from grad scheme pools. Total reverse snobbery in action!! Candidates I’m going for have worked from customer facing or office operations up and will make a better contribution than grad scheme bunnies that talk like they’ve just been on a seminar on stakeholder management. Have much more respect for people who do the hard graft not privileged people who treat it as an extension of university, study hard but have no heart for the customer or people.

@HBGKC started as a teacher but am a Deputy Headteacher in a secondary school now.

My salary doesn't appear to be commensurate with my age 😄.

But I do a very specific job, and my salary is bound by AfC, so I'm earning what I can for my role (which I really enjoy overall).

I'm not sure this thread will tell you much of use - salaries are dependent on sector etc., and our society values different roles in an uneven way.

I work in broadcasting but in a planning role, not production. I got to 50k very young (mid 20s) but with three quick-ish promotions. However then I plateaued and eventually left in my mid thirties to take a similar role on less money at another company. From there I moved three times to build up my experience and my salary again and earned over £75k by 46. Am now 49 and will earn around £80k this year. Am kind of at a point now where I am wondering whether to strive for one more move to the next step which will be much better paid but much more stressful or whether to sit it out and wait for redundancy further down the line. Am a bit tired and lacking the ambition I had when I was younger so am erring on the side of being content with what I have for an easier life.

Thank you - I'm glad some education roles are well-remunerated (though I wish schools had enough money to employ more experienced and therefore more expensive class/subject teachers, rather than cheap NQTs...)

The jump to £75k happened at about 42 for me I think. Had to move company to make it happen. Before that was a steady 50k.

25-28 - 25k
28-38 35k
38-40 55k FTE 65 but did part time
40- 92k

Wow just wow the massive judgement and reverse snobbery is staggering. Prettt sure you're not really in line with employment law here.
My 22 Yr old has grafted her arse through uni, working 2 jobs. I'm glad it's been worth it though if she's gonna be facing people like you 😬

I'm a lawyer. I qualified when I was 30 and was on just over 50k then. I've had yearly salary increases in the 6 years since I qualified and now I'm on 92k FTE, although I do 4 days a week. I think I was on 75k at 34 years old.

I am about to take a pay cut to move to something else with better/more family friendly hours and culture, though.

Is she doing a grad scheme? That’s my beef not uni.

I see a staggering inequity between how grad scheme bunnies and equally talented but less privileged candidates are treated.

They get sucked into a two year programme, shifted around the business and basically taught how to talk then thrown into senior management positions way over their heads with appalling people management skills, zero heart for the customers and an instrumental interest in the subject matter.

Degree or no degree I think it’s important for well rounded future leaders to work their way up from the bottom.

Just what I’ve observed.

Hi
I'm in financial services, lots of discrimination/ harrassment and had 3 kids age 25-29. Salaries

2010 age 26 approx £60k (£250 day contractor as PA)

2012 age 28 approx £70k (350 a day in compliance)

2014 age 30 £55k perm (compliance)

2015 (£450 a day) technical compliance contract

2017 went perm (end of discrim as had 3 pregnancies by age 30) £65.5k

2018 £68k perm (got another 5% for risky transfer move in UK bank audit)
2018 £75k promoted again got another 10%
Etc audit got first team of 4
By 2020 on £110k and 20% bonus age 38, managing team of 15 at UK bank (had to raise grievance over pay inequality, exhausting job)

End 2021 left on £675 a day bank risk tech role
20 international bank, team of 2 (v easy role!) on £110k perm role salary equivalent

2022 promoted to higher grade team of 20 Ive hired, now on £140k and 25% bonus age (just) 40

About 70k in my early 40s but that includes extra for some shift work. It’s taken 20 years of education/trainibg and exams including medial degree, PhD and speciality exams in my field. Was earning 30-55k before 8 years before .

What background do you have for compliance?

ive worked really closely with 2lod for years as a product person and I’m always floored by my fellow PMs lack of understanding of the regulatory environment, esp NCD, whereas I took to that aspect of product very well. So I think I’d fancy compliance

46 years old to get to £50k
51 years old to get to &75k

Work in health care. Moved from public sector to private sector to gain the increase.

was at 50-55k for 10 years cos it suited me
then

75k at 44 hated the job
moved jobs to 75k at 46 hated it again
took pay cut to 60k elsewhere

I joined the civil service at 24 after a masters and a couple of years temping and travelling.

24-25 = £27k +£4k London weighting
25-26 = £31k + LW as above
26-29 = £50k inc LW
29 -31 = £55k increasing annually to £65k
31-34 = moved out of London and had a maternity leave. Salary £61k increasing to £75k at 33.

so it took me 2 years to get to £50k and 10 years to get to £75k.

I get a civil service pension though so this adds 28%. It’s worth just over £20k on a £75k salary which is not to be sniffed at.

In today’s money about age 33.

Now mid-50s earn UK equivalent of around £250k but all fee/commission based.

edit - financial advisory

Worked in the charity sector until age 38, salary for pretty much any role topped out at £35k.

Moved to the private sector and 7 years later I'm earning £120k.

Sector plays a massive role in earnings!

Took 3 years to go from 50 to 80. In patient safety.

@Bizkwit I did a law degree and 2yr conversion but lost training contract in 2008 crash

So originally humanities degree then legal conversion. Ive done loads of other qualifications - audit, change, regs, engineering, cloud, data management. Not in compliance now, think group function. Doing technical change advisory type role