So ... Just what is a big salary?

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Interesting article from the BBC News magazine pages :

Boris Johnson refers to £250,000 a year as "chicken feed". Manchester City offer six figures a week. Goldman Sachs doles out big bonuses. BBC bosses face flak over their earnings. But just what constitutes a "big" salary these days and how has how we feel about them changed?

Rarely a day seems to pass these days when there is not soul-searching over how much people are paid, whether it's bankers' bonuses or public sector salaries.

But are we clear about the levels of earnings that we are worried about?

You can read more and the interesting figures HERE

 

I think it's all relative. Directors of large organisations can £500K + so maybe his sum isn't alot in comparison.

His base salary seems about right for his role, but I guess he should have just kept quiet especially in this climate!

 

When I started my current job my aim was £20K a year - that to me would have been big money, now I am aiming for £30K by the time I am 30, and again seems like big money now.

 

bugger... getting that one wrong then

 

As a rough guide I'd have to agree with Jim. Obviously it's harder to find a suitable wage when you're younger (~20) and in the current climate.

My motto has always been if I'm earning 30k by the time I'm 30, that's good enough for me.

Qs

 

I'll be happy when I'm back on £65K as a basic.

Big money to me is £100K+.

 

...When you're back on £65k basic?!

 

Haha, in my previous role. I hit that as a basic at 26 or 27, left that company who I had been with from 18 and took voluntary redundancy just before I was 30.

I'm hoping to be on around 40K as a basic over the next 18 months to two years.

 

Being a pimp isn't really a respectable job role though matey

In all seriousness, what did you work as?

 

I was pretty sensible mate, saved alot and have made some decent investments, which bring me in £400 per month on top of my current salary.

Wife hasn't worked for the last two years, and we manage to save some money on a monthly basis and go away a couple of times a year.

Lifes OK, could be better (money wise), watch this space

 

respect m8 ! All hail cragie !

Wish I could say I'd done the same but the business dragged me down and pumped me dry. Perhaps you should give us all lessons

 

Maybe he could take over on The Apprentice ?