How much can people really earn?
- Thread starter Jonathon
- Start date
Simple buddy-its easy to talk, but less harder to proove eh....
Simply one Seek advert would be sufficient thanks
Oh BTW, mcuh like the amount of girls young guys says they have slept with you should learn to talk such talk of wages with a grain of salt
Everyones is bigger, faster and more exensive than everyone elses lol
Thats because Seek doesnt cover these roles. Simple as that.
And deltaberry is actually selling the earning potential of some of these people very, very (very!!) short.
Very very old and inaccurate survey but it paints the picture dunno:
http://www.jmes.com.au/PDFs/Salary Survey 2005.pdf
The top end firms will be at the top end of that range in decent years (obviously not FY08/09 but before and after yes).
Look at a specialist recruiter:
http://www.jmes.com.au/
and also a "seek" front end website for such roles:
http://jobs.efinancialcareers.com.au/Investment_Banking_|_M_A.htm
Your posts dunno are fully of envy. Not a healthy emotion. A google search can bring all this up, its not that secret or a big deal.
And delta also probably sells the workload and life sacrifices very short too!! These roles are a MASSIVE personal sacrifice.
Sorry aussie, not sure I follow your post?
The lower end analyst roles on the salary survey are what grads were paid in 2005. Similarly for everbody else up the food chain. Not potential but fact.
Im just trying to show that the original poster was on the money in his ballpark figures for the sector (except of course for the amazingly bad 2008/9 year).
By the way base salaries at top tiers at the lower end are up a lot from 2005 levels.
That's pretty valid. Even more for contractors.
Sorry trogdor maybe we are looking at different things - i couldnt see the bit that states first year out of undergard university...
I think overall this thread is not so much about Invesment banking - yes those salarioes are achiveable - its all the other stuff too...
And Yes davidMc I agree that after 3 years the sky can be the limit....just not first year out of undergraduate university
I think overall this thread is not so much about Invesment banking - yes those salarioes are achiveable - its all the other stuff too...
And Yes davidMc I agree that after 3 years the sky can be the limit....just not first year out of undergraduate university
Absolutely true, and as you would imagine, even more applicable at the higher ends, where the sacrifices can be unimaginable.
I am have been reading this thread...LMAO!!!
I reckon Deltaberry and DeeHwa (as Aussie said maybe the same!)......have taken serious drugs.
In most professions one does not start on a 100K....and wait attitudes like Deltaberry and DeeHwa they are unlikely to last in any of the bluechips. Their people skills are not there and they don't want high maintenance Gen Ys.
I have been in IT for about 19 years.....and having worked for a top tier consulting firm (DeeHwa may not think so)....100K is still reasonable money in IT and you don't get that out of school. You can get that in a specialised skill in 3 years - i.e. SAP, Siebel, etc. but you level out at say 120-130K and you get more only as a contractor.
Typically in the IT industry....the easiest jobs to find are in the 75k-100K range, followed by 40-75K range, then the 100-140K range, and anything over 150k you have to be reasonably experienced or have a very specific skillset.
I reckon Deltaberry and DeeHwa (as Aussie said maybe the same!)......have taken serious drugs.
In most professions one does not start on a 100K....and wait attitudes like Deltaberry and DeeHwa they are unlikely to last in any of the bluechips. Their people skills are not there and they don't want high maintenance Gen Ys.
I have been in IT for about 19 years.....and having worked for a top tier consulting firm (DeeHwa may not think so)....100K is still reasonable money in IT and you don't get that out of school. You can get that in a specialised skill in 3 years - i.e. SAP, Siebel, etc. but you level out at say 120-130K and you get more only as a contractor.
Typically in the IT industry....the easiest jobs to find are in the 75k-100K range, followed by 40-75K range, then the 100-140K range, and anything over 150k you have to be reasonably experienced or have a very specific skillset.
Sure aussie. Agreed -I'm just pointing out that the original poster has a point when he says that the general populace doesnt believe grads can earn such money, and that in that specific sector most grads are on that money.
Grads are in investment banking known as "analysts". That is a grad who has just finished an undergrad degree (albiet a double degree u/g degree with top of class marks)
After typically 3 years they would become an "Associate" (at US banks and some similar variant titles at Euro / other banks in Australia), then 2 or 3 more a VP, and then if very very good, lucky etc. a director.
Its very very much up or out, so if anybody has been there 3 years and hasnt left or been fired they would be an associate.
Delta - completely agree about the 50 year olds. Its called envy, but to be honest for most people if they tried it for a few months even if they could handle it wouldnt want to do it, notwithstanding the money.
Anyway, a bit of a silly discussion, but remember you can pretty much dig up data on google for anything!!!
There are exceptions to evey single situation. The O.P was giving the impression that it is common place for 1st year grads to earn $100k first year. This is just not true.
How you excuse someone disagreeing with what is clearly a false statement as being envious is hilarious...is stupid at the same time.
That asside anyone paying some snotty nose kid with no experiance $100k to be spoon fed has rocks in their head...
http://www.unigrad.com.au/optiver/
Jobs available
Trading and IT
Starting salary and benefits
$75,000 –$100,000 plus annual bonus
That is for graduate.
Jobs available
Trading and IT
Starting salary and benefits
$75,000 –$100,000 plus annual bonus
That is for graduate.
Yeah. That's the impression they gave me. Remember employees are just helping the company to generate income. In theory, the wage should be less than what the employee helps the company to earn (sure there are exception).
Sure, there are couple earning 200K+. But how many people are in the wages range. Remember, some/lots of grad cannot even find a job in their fields too.
Technically, buying a 1 mil property is achieveable. But it is not really easy to achieve without hard effort.
Nope never said it was the norm but it is achievable by a sufficient number of people. As I said, my view was that there're enough of these people around and enough overseas intersets who think this place is undervalued - but then again last time I said this the next response was I think "pass the popcorn around"
I don't mean that was your comment. Actually, that was someone's else comment.
Overseas money comes and go.
I think someone else comment about prices in Asia. The population in Asia is really high. In my opinion, comparing Australia and Asia is just like comparing an apple with an orange.
are you an agent?
curious to find out what kind of jobs people at mid 20s are doing earning 6 figure salaries of 250K?
curious to find out what kind of jobs people at mid 20s are doing earning 6 figure salaries of 250K?
To be fair, I didn't validate it.
I thought the original comment from you was that many grads fresh out of uni can earn $100k ('most/all of your friends' = many grads).
I think 5 years is about as quick as you could do it in IT, regardless of employer.
The difference is that Melbourne is at the bottom of Australia (its not the a#se h#&^ of the earth but you can see it from there) and London/New York is well...London & New York.
If you have spent time overseas you'll know how insignificant Australia and its major cities really are on the world stage.
To me, that's the big difference.
If you have spent time overseas you'll know how insignificant Australia and its major cities really are on the world stage.
To me, that's the big difference.
I started working in IT 15 years ago in another country on $100 a month at today's conversion (yes... $100 a MONTH!) and I wouldn't have fathomed earning a 6-digit "$" salary... but now I'm working on it!
Different people have different reasons in accepting/staying with their jobs... as long as they are happy and contented, good on them! At least they're not bludgers!
Different people have different reasons in accepting/staying with their jobs... as long as they are happy and contented, good on them! At least they're not bludgers!
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An Agent?? Are you kidding me - what kind of agent reckons apartments are overpriced?
And I never said anything about $250k salaries. Any reference I made to 6 figures means $100k to perhaps $150k.