What jobs do people have that pay £200k+?

[Diamondpearl123]

I am thinking about making a career change to earn more (aiming for £200k +) but would like to understand what types of roles I should aim for and whether they are realistic for me. Grateful to understand people’s experiences and hopefully start a good discussion. Some questions below. Thank you

• What is your job?
• What is your salary?
• How many years into your career are you?
• What are the key qualifications/experience for the role?
• What hours do you work?

That's me! But I'm happy and manage as its my second house so built up some equity. So mortgage isn't that big at all.

that was my thought too

Start your own business and grow it.

Yes, Insurance industry in London, as a sector, pays well, quite not on par with Invesment Banking but senior roles do come at the same level. I think there are more number of 200k+ jobs in IB than in Insurance though. So the odds are lower. In terms of gender distribution, it is generally representative of the broader financial services industry. Underwriting is quite lucrative due to niche skills and generally more male dominated but there are several actuaries especially if the role requires a combination of tech and quant skills.

Pet owners: note how none of these suggestions are "veterinary surgeon".

Ive not heard anyone complain vets are overpaid, it's about the big companies that increasingly own all the surgeries that people think make too much money. I actually have no idea of it's a valid complaint but that's what I hear people say rather than say that individual vet's salaries are too high.

do vets earn that much? My daughter wanted to b a veterinary nurse but it seems the top salary, even in London, is around only £31k!

There was a poster below who said had a friend running a successful specialist vet practice. The CMA's report will make interesting reading when it comes out.

@Righteouscats that was me. And to be fair, it is a highly specialist hospital/clinic that would not be accessed by pet owners. It cost my closest friend and her husband a borrowed fortune to buy the business and to turn it into what it is. It is not part of chain. It is very much their own brand. But now they are 50 and are doing absolutely brilliantly, and love it. They certainly weren’t raking it in as 30-year-old associate vets in rural British practices.

DH works for small U.K. investment bank and has done for years, director level, starts at 7 am home 12 hours later - he has yet to earn £200k! He hope is that shares in Co. Will come good. DS worked in Comms/PR for pharma industry and set up her own business …. When I hear what a lot of her senior friends get paid it may not be £200 K but the work can be interesting, with travel and no 7 am starts. DCs friends in law are already on £100 K plus in top London forms BUT that’s law conversion and law exams and sponsored usually so you need to get an offer and competition is really high. Most went to top 5 U.K. universities. Long hours and huge commitment but potential for big money OR stick in smaller local law firms, lower paid but still a decent job. My vet friend doesn’t earn that nor my dentist friend (but did mostly NHS). My friends DS in set design for Netflix, Disney etc 6 figure salary in his 20s, has relevant degree and loads of talent of course.

I have decided only fans might make us mums more money than a professional career - but what would the mums at school think?!!

You’d have to do something pretty special to get 200k on OF

Haven’t investigated……yet!!! maybe i could put pictures of putting washing into the washing machine? 😂😂

OH I knew a 50plus mum at school who had quite an Eastern European following of gentlemen.

Don’t people make money on eBay selling grubby socks nd shoes? I don’t know if you could make 200k though 😂

I only think you’d earn that if you’re owner or director of a vets too

Nope.
Most independent vet practices are running on around 10% profit. I don’t know any owner taking home £200 k
A quick trawl through job advertisements reveals the highest salary I can find is £120k to be head of a clinical laboratory for a corporate.
Even referral vets in a specialty are lucky if they’re on that.

Law is no longer a solid choice unless you're really at the top of your game and even then most people won't ever earn £200k.

Most firms now only recruit trainees via their internships. Most firms have reduced the number of trainees they are taking on since AI is changing the game significantly. DC with 4 A* and on track for a First has an internship place this year and had to make around 40 applications to get it. Each application takes around 5-6 hours which was then followed by many hours of critical thinking testing, situational judgment testing, online virtual interviews, assessment centres and in person interviews. They had over 2000 applications for their internship scheme and with the number of places on the scheme compared to the number of training contracts available, even at this stage he only has a 1 in 5 chance of getting a spot. If he had a training contract at this particular firm (international firm) he would earn c60k in a regional office once he qualifies (in four years' time) but would have to reach equity partner level to get to £200k which takes many years and isn't an automatic progression (London office would be different and attracts a premium).

This process isn't particular to the big firms. It's all firms. It is not the case that there are lots of jobs available at smaller lower paid firms which are much easier to get.

If you make it then great but the opportunities are really hard to come by. We are a family of lawyers and in my day, whilst it was tough to get a training contract, it truly was nothing like this. The universities are pumping out five times as many law graduates each year as there are jobs (and then you have the law conversion crowd which adds another c40% and also the graduates from previous years who are still trying to find a place) Nobody should be starting law school unless they already have a training contract lined up since only 40% of those going to law school manage to pass the new solicitors qualification exams, most won't have a job at the end of it and unless they have sponsorship they will end up massively in debt.

So yes, in law you can potentially earn £200k if you work very hard and have a lot of luck on your side but it is now extremely difficult to get a job in the first place and anyone saying otherwise is lying (or has out of date knowledge of the process and job market) I don't recommend it to anyone anymore and I think its sad that so many kids are sold a fairytale.

I agree that law is very tough and also that It should be clear when people do a law degree how tough.

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