willay
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Organiser: South East, National Events
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Registered: 10th Nov 02
Location: Roydon, Essex
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ditto 
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Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
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It depends on the person you are I think, i've spent the last 8 years since leaving school part-time so i'm used to living without much money. Thankfully I dont' pay board or anything or i'd be fucked. In the small periods where i have been full time, (about a year in the middle) i just blew it all and never had any more money.
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Doug
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Registered: 8th Oct 03
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quote:
Originally posted by Cosmo
I'd hope to be on well over £30k by the time Im 30 tbh.
Agree.
I hope to be close to 25k on my first year in work.
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Mase
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Registered: 16th Sep 01
Location: Derbyshire
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quote:
Originally posted by Doug
quote:
Originally posted by Cosmo
I'd hope to be on well over £30k by the time Im 30 tbh.
Agree.
I hope to be close to 25k on my first year in work.
Yeah, same here..... does anyone know where you can get info on average graduate starting wages from?
Mase
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Mase
Yeah, same here..... does anyone know where you can get info on average graduate starting wages from?
What sort of jobs? The average wage will be a lot lower than you'd think!!
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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Average graduate wage is probably £17k.
But when you've been living off a few £k/year, that is loads
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Doug
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Registered: 8th Oct 03
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Well I am in IT looking into going into IT consultancy with aspects of business advisory. So after some training I can be on a pretty decent wage especially further down south. Seen job adverts for 100k a year in London. Im obviously not expecting to get into a job like that straight away, I am a realist I am expecting a few years of training with a big company then hopefully be on 45k+ by the time im 30
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Mase
Premium Member
Registered: 16th Sep 01
Location: Derbyshire
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quote:
Originally posted by Cosmo
quote:
Originally posted by Mase
Yeah, same here..... does anyone know where you can get info on average graduate starting wages from?
What sort of jobs? The average wage will be a lot lower than you'd think!!
I would be going into the process engineering industry initially, hopefully coming out of uni with an MEng in Mechanical Engineering.
Mase
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Doug
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Registered: 8th Oct 03
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quote:
Originally posted by Mase
quote:
Originally posted by Cosmo
quote:
Originally posted by Mase
Yeah, same here..... does anyone know where you can get info on average graduate starting wages from?
What sort of jobs? The average wage will be a lot lower than you'd think!!
I would be going into the process engineering industry initially, hopefully coming out of uni with an MEng in Mechanical Engineering.
Providing you can get with the pright company should be on a decent wage 
Its the people that do mickey mouse degree's like film & TV studies that get shat on in the job market
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Ash_EP3
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Registered: 15th May 07
Location: Melksham, Wiltshire
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It all depends on what your outgoings are tbh...
I'm thinking of living with my parents until im about mid-20's by then I should be earning at least 25k 
And by living at home they will only charge me £20 a week tops!
The average wage down where I live is £20k...  apparently the average wage in London is only £25k!
[Edited on 18-03-2008 by S214_UPP]
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Doug
Its the people that do mickey mouse degree's like film & TV studies that get shat on in the job market
TBH no its not. I finsihed Uni last year doing Business Management. And although I wasnt going after graduate positions, a hell of a lot of my mates with similar degrees were and the start salaries for a lot of the jobs we less than £20k.
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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My missus and I have a combined wage of £52k plus; although we're not in any debt [apart from Student loans/Mortgage].
Our mortgage is £700 a month, the bills at the moment are £150-£200 but we're not living there. After cars etc, we're left with about £500 each to spend on the renovations. However unless we're saving for a particular job, its rare were left with much more than £100 each at the end of the month.
Although if it wasn't for the renovation costs which are prioritising all of our money atm; we would be spending the excess on something else, overpaying mortgage, new car for the missus, holidays etc. Alhtough we'd be better off, we still wouldn't have a great deal of our disposable income left every month.
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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The results of the 2007 Annual Survey of Hours and Earnings (ASHE) show that median weekly pay for full-time employees in the UK grew by 2.9 per cent in the year to April 2007 to reach £457. Median earnings of full-time male employees was £498 per week in April 2007; for women the median was £394.
The top 10 per cent of the earnings distribution earned more than £906 per week, while the bottom 10 per cent earned less than £252. Between April 2006 and 2007 the distribution of gross weekly pay narrowed, with a 3.5 per cent increase at the bottom decile, and a 2.8 per cent increase at the top decile.
Median gross weekly earnings for full-time employees were highest for 40 to 49-year-olds at £516 for this age group. Male employees reached their highest earnings in this age group at £575, whereas women reached their highest earnings for 30 to 39-year-olds at £460. Earnings increased until employees reached these age groups and steadily decreased thereafter.
Median full-time weekly earnings in London were £581, significantly higher than in other regions, where they ranged from £402 in Northern Ireland to £481 in the South East.
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Half Pint
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Registered: 25th Mar 02
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believe me you live to what you earn, I only saved money by putting in to the company share options for the past 4+ years....
If you've no commitments then typically you deem income more disposable than someone who has a house and associated bills.
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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Median income for Male employees [All ages] is £498 per week, so £25,896 per annum would appear to be the average income, nationwide for males in the ages group 16-75.
For women its £20,488
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
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If I was on £100,000 a year I would still be skint the last week of the month...
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Paul_J
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Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by Mase
quote:
Originally posted by Doug
quote:
Originally posted by Cosmo
I'd hope to be on well over £30k by the time Im 30 tbh.
Agree.
I hope to be close to 25k on my first year in work.
Yeah, same here..... does anyone know where you can get info on average graduate starting wages from?
Go to a job search website and put 'graduate' infront of your job role.
So I type 'Graduate Software Developer'
try 'Graduate IT consultant' or whatever you were planning for?
Did you have a placement year? have you any experience doing the job? - this will affect your wage greatly too. Don't expect to be on mega bucks straight away.
For example I could find you loads of jobs for software developers 75k + ... but they're looking for the 'best' with a whole shed load of qualifications and many years experience.
Most employers see 'graduates' as being paid in knowledge / training and essentially a investment that will once trained up, be able to do the standard job. So up until they see them to be qualified for the job, they pay peanuts tbh.
You best bet is to search through job adverts looking for graduates, make a note of what they're looking for (qualificaitons / experience / etc), how much they're offering, location etc.
I've seen 'graduate software developers' ranging from like 18k->35k starting wage... but it differs on a lot of things, where the job is, what it requries, who the company is, what the specific job role is, etc.
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Paul_J
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Registered: 6th Jun 02
Location: London
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Also, in reference to how much to live 'comfortably' ...
I do believe this is relevant in a lot of ways to your location, if you live up north, you can probably survive on a lot less than down south or living in london.
I personally am looking for minimum 25k outside of london or 28k+ inside london, for a graduate software developer position.
That's (fingerscrossed) 1st in Applied Computer Science Degree, with 1 years real world experience at placement year and several commercial software products I've developed being used by real companies currently.
I've got mates who work in london as graduate quantity surveyors on 25k (though they got sign on bonus lump sum and probably bonus at end of the year) - and they're not really making any money after bills, rent, etc.
I would like to live in London while I'm young and work there on a decent wage, but realistically if i get offered a good job outside of london closer to home for good-ish money, then I may take that, live at home with my parents for a year and build up some cash.
1 of the job's I found was 28k + 4k sign on bonus, + profit share of company + end of year bonus. With guarentees of wage increase after first year too.
In london, graduate software developer with training provided.
But they were looking for minimum a 1st in computer science, preferably masters / phd, minimum 3 A's at A-Level and a whole load more stuff.
To be honest, I can't really see 35k living in london being particularly 'comfortable', will pay the bills and leave a bit left over, but not much more.
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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Ah and my sister 26  on around 25k a year, living in Bristol. Constantly complains she has no money. I can't see how she literally doesn't save a penny, but she doesn't, her bank account is nearly constantly empty!?
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Fonz
Premium Member
Registered: 12th May 06
Location: Newbury, Berks
User status: Offline
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quote:
Originally posted by deano87
Average graduate wage is probably £17k.
not so. dependant on the degree you gain.
As an BEng Engineer i should expect £20-23k in my first job, i'm VERY lucky and fortunate to be on £25k here.
my mate did his in Marine Geography (Bsc) and should expect £17-19k.....i'm sure those studying law would be higher than me. I have a friend who started teaching striaght from uni (Maths degree) and she is on £21k.....dependant on the degree and the industry you go into!
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Steve
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Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
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i know kids who have graduated and are on 5.40 an hour at tescos
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Fonz
Premium Member
Registered: 12th May 06
Location: Newbury, Berks
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Steve i can well believe it!! i know a few in that situation! the are either too lazy to look for a "real" job or happy where there to want to move!
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strick206
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Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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Just completeing my accounting degree, from looking for jobs the average graduate wage is around 25k.
ATM i am on about 9k a year
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Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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quote:
Originally posted by Timbaland
Im not too close, Though not too far from 30k but even still , You take the wage for granted and adjust your lifestyle to suit it.
I.E If you have smaller wage, You have smaller engined car and a smaller house.
If you have a large wage P.M then you have an expensive car, Expensive to run, Bigger house, more holidays etc.
Its not any easier to live on, Just a better lifestyle.
Spot on actually. If I looked at myself before and after my current job, my lifestyle has changed dramatically, and definetly for the better.
[Edited on 18-03-2008 by Graham88]
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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I could see myself at £100,000 a year asking my old fella in the last week of the month to borrow me £50 to put petrol in my Porsche so I can get to work and back...
[Edited on 18-03-2008 by MarkM]
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