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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to ask what the "stereotypical 6 figure MN mum" does?

403 replies

TigerJoy · 06/02/2024 14:20

And how can the rest of us get a job like that?!

OP posts:
Movinghouseatlast · 06/02/2024 15:37

Law, banking, accountancy. A partner in a big accountancy firm can make £200k plus. You have to sell your soul though.

My friends daughter is on a graduate programme for an investment bank. She's 21 and earns £80k.

owlsinthedaylight · 06/02/2024 15:37

TigerJoy · 06/02/2024 15:31

This "hard slog" again.

I know plenty of professionals who have worked incredibly hard - still do -and don't earn those rates.

Most psychologists and doctors don't earn over £100k. Most academics don't earn well. The VAST majority of classical singers earn a pittance, even moderately successful ones.

Maybe the difference is not being in London - or the US in the case of the academic.

I get the impression that you don’t really want the answer to your question, you just want to complain about the unfairness of it all.

These threads usually go the same way.

And of course all the people who will answer about their DH instead 🙄

OneTC · 06/02/2024 15:38

Intrigued by how people know what their pals earn?

It's not really something me and my friends would talk about

DarkAcademia · 06/02/2024 15:38

This has come up before - there was a thread a few months ago asking what people do if they earn more than 60k a year or something, and the answer was OVERWHELMINGLY accountant.

There was a smattering of lawyers and civil servants, but it seems my parents were dead right back in 1994 and I should have studied accountancy after all! 😅

GoingUpUpUp · 06/02/2024 15:39

I earn that. I did it by joining from school pretty much and working my way up. Also returned FT after maternity leave. I did some long hours in the early days but now rarely log in outside my hours.
Its a job most people don’t understand or know but it’s private sector and not banking!

MixedCouple · 06/02/2024 15:40

As a HCP with family of Dentists and Drs the only ones I know who earn 100k plus is only achieved through private work and taking on additional roles to supplement their main income. Or own their own dental practices I.e 2 / 3.
Otherwise the Drs earn up to 80k and below. Most won't achieve 60k plus for many many many years. It may have been different in the 90's

curtained · 06/02/2024 15:41

sales !

Recruitment, tech sales.

These all make over 6 figures - doesn't have to be banking or law.

MixedCouple · 06/02/2024 15:41

OneTC · 06/02/2024 15:38

Intrigued by how people know what their pals earn?

It's not really something me and my friends would talk about

Why is it taboo with close mates and family?

Futb0l · 06/02/2024 15:43

Educated at a comp.

Age 38

Degree at Russell group uni followed by accountancy grad scheme.

16 years experience (couple of maternity leaves when i had kids). Work in finance function of large corporate.

£150k plus bonus etc.

TigerJoy · 06/02/2024 15:44

owlsinthedaylight · 06/02/2024 15:37

I get the impression that you don’t really want the answer to your question, you just want to complain about the unfairness of it all.

These threads usually go the same way.

And of course all the people who will answer about their DH instead 🙄

No I am genuinely curious

It's just a bit annoying hearing twice that they worked incredibly hard. Of course they did, good for them, but lots of other people did too and don't earn those salaries. It doesn't answer the question.

OP posts:
fonfusedm · 06/02/2024 15:49

And of course all the people who will answer about their DH instead 🙄

Why do people do this?!

OneTC · 06/02/2024 15:50

MixedCouple · 06/02/2024 15:41

Why is it taboo with close mates and family?

I didn't say anything about family and yeah not really taboo it's just not that interesting

App13 · 06/02/2024 15:50

Educated at local comp,

Been working since I was 16 doing various jobs: retail, local council, checking in at Heathrow etc etc

BSc and MSc from Russell Group universities

19yrs experience in Banking

100k+

Grinchinlaws · 06/02/2024 15:50

I earn c.£250k as counsel (most senior non-partner level) in an American law firm in London. My salary is actually pretty low compared to some competitor firms, but my working hours are better.

I went to grammar school from an impoverished background (single mum
on benefits), graduated with a double first in an arts subject from Cambridge, got a training contract with a city law firm which paid for me to do my law school exams, did a 2 year training contract and am now almost 10 years’ qualified. I’ve got 2 small kids (5 and 3) and pregnant with DC3. In many ways I feel I sold out as I prioritised stable earning potential over my academic talents/passions.

Despite the above we live in a small terraced house in a not very nice area of London and I do not feel in any way rich as mortgage and childcare (nanny) cost an arm and a leg.

user701 · 06/02/2024 15:50

fonfusedm · 06/02/2024 15:16

Go to a good school, the women I know who earn this (CFO, surgeon, lawyer, GP) went to private or selective grammar. The one banker friend went to a comp but got into Oxford.

I earn good six figures (circa £250k) as a lawyer. I went to a crappy comprehensive on a council estate. My mum worked as a cleaner at night and my dad worked in a factory. I didn’t go to oxbridge. DSis is an HR Director and earns £170k. She didn’t go to university at all.

fonfusedm · 06/02/2024 15:51

Intrigued by how people know what their pals earn?

It's not really something me and my friends would talk about

I don’t think it’s weird to talk about it.

fonfusedm · 06/02/2024 15:52

For the third time a women doesn’t need to go to private school, grammar or Oxbridge to earn 6 figs but it will help as many of the industries that pay well aren’t particularly diverse educationally.

CissOff · 06/02/2024 15:53

I work in law and our newly qualifieds are on 6 figures. Most are mid-20s.

79andnotout · 06/02/2024 15:53

Sales. Was in academia, then left for the cash and the international travel. Now work 2 days a week for 45k. I was careful to never adapt to a high earning lifestyle which means I now have lots of time to do stuff I'm interested in (mid 40s).

whirlyhead · 06/02/2024 15:54

I used to work in investment banking for a 6-figure sum and it was sole destroying and miserable. I was very glad to quit.

Most people I know with high 6-figure incomes are partners in recruitment firms, lawyers for investment banks or own their own successful businesses (recruitment or property based). They all work very hard and have degrees and pay a ton of tax - the highest earning one on over £500k annually has left the country to work for their company overseas as they were sick of paying so much tax.

79andnotout · 06/02/2024 15:55

I also went to a state school - grew up in a london council flat on free school meals with a single parent who was mostly drunk!

RisingSunn · 06/02/2024 15:57

Technology Sales/Business development.

Spaghettieis · 06/02/2024 15:57

OneTC · 06/02/2024 15:38

Intrigued by how people know what their pals earn?

It's not really something me and my friends would talk about

For some jobs you don’t need to ask, it’s published eg senior civil service. But yeah I talk about money with my friends, it’s really important to so that it’s not such a mystery what jobs get paid! I don’t earn £100k but I could if I got promoted to senior manager or head of department within my public sector organisation. My friends who earn that much either work in tech, banking or are barristers.

ChorltonWheelie · 06/02/2024 15:58

Computer software, specifically AI and NLP

Local comp and failed my degree

DazedandConfused1234 · 06/02/2024 15:58

Banking, law, consultancy, medicine. With law though (I don't know about the other fields) you need to be at a big London or US firm to really bring in the money, and, except for Magic Circle or US firms, be a partner generally. With some of those firms, you can start as a newly qualified solicitor on over £100k. You'd have to sell your soul though, and would be regularly working through the night, cancelling plans and sometimes even holidays.

I remember being called by a corporate law colleague, probably 4/5 years PQE, from a very close family member's funeral, because we were in the middle of a deal that was closing that day. I wouldn't wish that on anyone, although I imagine he is doing very well financially now!

I took a sideways step a long time ago, as I couldn't take the pressure, but if I had been capable of carrying on and made partner at the firm I started at, I would be raking it in now. Horses for courses, I guess.

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