Well Paying Jobs

sszz

There's a guy in my team who is going to interview for a position which pays 1500 sterling per day. The job is in London. He works for us for about 80k per year so he'd be mad not to go for it. Im actually tempted now to train up in his skillset. Didn't think you could make so much money from it.

So do you know anyone with really well paying jobs or are you in a really well paying job in the region of 1500 sterling per day?

Ten of Swords

Narcotic distribution specialist?

wazky

Unlicensed pharmacist or has large cavities to hide pharmaceuticals in.

sszz

Ten of Swords wrote: »

Narcotic distribution specialist?

He's trained and skilled in specific financial software that's common in the fund admin industry.

the whole year inn

sszz wrote: »

There's a guy in my team who is going to interview for a position which pays 1500 sterling per day. The job is in London. He works for us for about 80k per year so he'd be mad not to go for it. Im actually tempted now to train up in his skillset. Didn't think you could make so much money from it.

So do you know anyone with really well paying jobs or are you in a really well paying job in the region of 1500 sterling per day?

What sort of job pays that crazy cash?

Banjo String

the whole year inn wrote: »

What sort of job pays that crazy cash?

shedweller

Is that before or after tax?

stefan idiot jones

Rent Boy?

kneemos

the whole year inn wrote: »

What sort of job pays that crazy cash?

Very average footballer.

MonsterCookie

First impression...you're not comparing like with like. 1500 per day sounds like a contractor rate, and is not all that uncommon in financial services...especially in London.

Of course, it sounds like great dosh if you can get it, but contract work brings it's own disadvantages and risks by it's very nature.

Standard Toaster

What's the name of the software? I'm probably familiar with it too.

everdead.ie

As a contractor you can get 3-400 a day as a senior developer but you don't get paid for holidays and you get 6 months to a year long contract.

Then you have to have a company that has to pay for an accountant etc and all that goes with it and you still have to pay prsi usc etc when you eventually get paid.

I think there are about 250 working days a year but then you take away all your holidays etc.


Should also mention you probably won't get a mortgage as a contractor because you aren't a permenant employee.

scwazrh

1500 sterling a day is near 9000 euro a week , If he does it for a year he wont need a mortgage

kneemos

everdead.ie wrote: »

As a contractor you can get 3-400 a day as a senior developer but you don't get paid for holidays and you get 6 months to a year long contract.

Then you have to have a company that has to pay for an accountant etc and all that goes with it and you still have to pay prsi usc etc when you eventually get paid.

I think there are about 250 working days a year but then you take away all your holidays etc.


Should also mention you probably won't get a mortgage as a contractor because you aren't a permenant employee.

Still net four times his gross here.

everdead.ie

kneemos wrote: »

Still net four times his gross here.

I'm just talking about contracting in general there are risks that go with it.

lau1247

scwazrh wrote: »

1500 sterling a day is near 9000 euro a week , If he does it for a year he wont need a mortgage

Oh that tax is gonna hurt in ireland

jank

Contract rates for IT over there would be in the region of 300-500 depending on your skill set and how good you are. 500 would be on the top end. 1500 sounds high but there could be some jobs that would pay that. What is the industry, I would hazard a guess its something to do with finance?

Red Kev

Standard Toaster wrote: »

What's the name of the software? I'm probably familiar with it too.

Windows 95 ?

dxhound2005

jank wrote: »

Contract rates for IT over there would be in the region of 300-500 depending on your skill set and how good you are. 500 would be on the top end. 1500 sounds high but there could be some jobs that would pay that. What is the industry, I would hazard a guess its something to do with finance?

You deduced that brilliantly, Holmes. I plodded through the available evidence methodically to arrive at the same conclusion.

He's trained and skilled in specific financial software that's common in the fund admin industry.

Sir Arthur Daley

Having multiple identities and drawing the doal in 7 different parishes every week.

Zeebs

I've a friend on 9k a month (not quite 9k a week but still) Hes the mobile banking test leader at some bank. The weird thing is he wasn't in anyway exceptional at computers and didn't study anything IT related in college. I just found it amazing that you could land a 100k a year job without any experience or skills in something that you would assume would require a ****load of skills and previous training.

biko

A mate of mine is a systems architect and now works in London. The pay is very very good but the hours are crazy, he doesn't do anything but work and the competition and stress is fierce. You really have to be on top of your game to manage.

dxhound2005

Zeebs wrote: »

I've a friend on 9k a month (not quite 9k a week but still) Hes the mobile banking test leader at some bank. The weird thing is he wasn't in anyway exceptional at computers and didn't study anything IT related in college. I just found it amazing that you could land a 100k a year job without any experience or skills in something that you would assume would require a ****load of skills and previous training.

That's nothing. A bunch of guys from the UK arrived here and tested a comms system for bugs. At the end they said (according to the papers) we found three "anomolies", that will be €18,000 please guv.

Banjo String

dxhound2005 wrote: »

That's nothing. A bunch of guys from the UK arrived here and tested a comms system for bugs. At the end they said (according to the papers) we found three "anomolies", that will be €18,000 please guv.

You can't put a price on exposing corruption dx.

Isn't there a thread on that already though

The Backwards Man

I have yet to meet someone who earns more than me who is happier and has a better quality of life than me.

Vertigo100

Instrumentation technican. Friend does this. Serious money. He will be buying a house with cash soon

The Backwards Man

Vertigo100 wrote: »

Instrumentation technican. Friend does this. Serious money. He will be buying a house with cash soon

Is that a fancy term for porn actor?

Banjo String

The Backwards Man wrote: »

I have yet to meet someone who earns more than me who is happier and has a better quality of life than me.

Is this Hugh Hefners boards account ^^^^

Sir Arthur Daley

I bought a house earlier in Smyths Toys with cash too, my niece will be delighted with it.

Stavros Murphy

The Backwards Man wrote: »

I have yet to meet someone who earns more than me who is happier and has a better quality of life than me.

That's because you live five miles up a boreen in the back-ar5e of nowhere and have no shoes.

UCDVet

People get caught up on job titles and pay. 'That guy does ______ and makes _____. I should do _______ and I'll make ______ too!'

The thing is, people aren't interchangeable. That's why you find large salary ranges for the same position. There are a lot of factors that go into it.

It's far better to look at median salary - but even that is biased. The median doctor has done a lot more work to become a doctor than the median businessman. Most people, they *couldn't* become a doctor, even if they wanted.

This is particularly true when you start talking about exceptional cases. High paid consultant in the financial industry? That's an exceptional case, IHMO.

Basically, what you end up with is that, in order to make a lot of money, you need to be exceptionally good at something, or you need to be averagely good at something that is exceptionally difficult. An average doctor makes a lot. An exceptional software developer makes a lot. An exceptional businessman makes a lot.

When you get into niche job markets - like a guy who is really good at some particular financial software - you find very high wages....but also lots of risk and uncertainty. It's a trade-off. It can also be very difficult to get involved/trained on those things.

Really though, if it were super easy to get a high paying job, everyone would do it. And wages for that job would drop. It's just how life works. If you are really good at it - you'll make millions kicking a ball around a field. But if you aren't amazingly good at it, it's worth nothing.

Stroke My Trout

He's working as an Instrument Tech, in Ireland, and he's going to buy a house for cash?

You're defo not talking SCD. Ill grant you that good instrument techs are making a reasonable wage, and are in demand, but don't think that a reasonable wage is really that much:)

The Backwards Man

Stavros Murphy wrote: »

That's because you live five miles up a boreen in the back-ar5e of nowhere and have no shoes.

Yeah, but I've been everywhere man.

There's two things money can't buy, happiness and persona.

Diemos

Contracting is a trade off between risk and reward, I have an in depth knowledge of a piece of financial software that is rare and can be highlight sought after, the problem is, these contracts are, by their very nature, very rare, if you get one it pays well but you could be 12 to 18 months between contracts.

You'll hear stories of the 1500 per day but you never hear about the contract ending and the specialist left with nothing to do. That and those rates only apply in London, were rent is sky high and consumes a large portion of your large earnings.

Vertigo100

Stroke My Trout wrote: »

He's working as an Instrument Tech, in Ireland, and he's going to buy a house for cash?

You're defo not talking SCD. Ill grant you that good instrument techs are making a reasonable wage, and are in demand, but don't think that a reasonable wage is really that much:)

Didn't say he was working in Ireland.

sopretty

Writers can make a fortune. Rarely though.

Sir Arthur Daley

A TDs wage aint so bad.

sopretty

Property development used to be a good bet this one time...

shadowcomplex

Wayne Rooney earns 1500 in 50 mins

kneemos

sopretty wrote: »

Property development used to be a good bet this one time...

Sure was,millions were made.

thecatspjs

shadowcomplex wrote: »

Wayne Rooney earns 1500 in 50 mins

Even while sleeping

Frank Lee Midere

UCDVet wrote: »

People get caught up on job titles and pay. 'That guy does ______ and makes _____. I should do _______ and I'll make ______ too!'

The thing is, people aren't interchangeable. That's why you find large salary ranges for the same position. There are a lot of factors that go into it.

It's far better to look at median salary - but even that is biased. The median doctor has done a lot more work to become a doctor than the median businessman. Most people, they *couldn't* become a doctor, even if they wanted.

This is particularly true when you start talking about exceptional cases. High paid consultant in the financial industry? That's an exceptional case, IHMO.

Basically, what you end up with is that, in order to make a lot of money, you need to be exceptionally good at something, or you need to be averagely good at something that is exceptionally difficult. An average doctor makes a lot. An exceptional software developer makes a lot. An exceptional businessman makes a lot.

When you get into niche job markets - like a guy who is really good at some particular financial software - you find very high wages....but also lots of risk and uncertainty. It's a trade-off. It can also be very difficult to get involved/trained on those things.

Really though, if it were super easy to get a high paying job, everyone would do it. And wages for that job would drop. It's just how life works. If you are really good at it - you'll make millions kicking a ball around a field. But if you aren't amazingly good at it, it's worth nothing.

Nope. This is the fallacy called just world theory. Bankers pay software devs more but the coding isn't necessarily as hard as other projects - OS development, technical architect in search, the writers of scalable systems like AWS. And bankers pay bankers extraordinary amounts of money for trivial work. And this is before we get to the CEOs.

Bank pay bankers more because that's the tradition, and it's cost less to fail. And they make **** loads.

sabat

everdead.ie wrote: »

Then you have to have a company that has to pay for an accountant etc and all that goes with it and you still have to pay prsi usc etc when you eventually get paid.

If he is a contractor he'll be getting a cheque for his gross earnings from the company and, seeing as it's in the UK, I'd advise him just to stick the money in his Irish bank a/c or transfer it home and not bother his hole with paying tax or any of that sh1t. Ok, he won't be able to work over there again but there's not a lot they can do about it and it sure beats handing £100K over to George Osborne.

rustedtrumpet

Is it a binman

Frank Lee Midere

sabat wrote: »

If he is a contractor he'll be getting a cheque for his gross earnings from the company and, seeing as it's in the UK, I'd advise him just to stick the money in his Irish bank a/c or transfer it home and not bother his hole with paying tax or any of that sh1t. Ok, he won't be able to work over there again but there's not a lot they can do about it and it sure beats handing £100K over to George Osborne.

At the rate he isn't paying tax it would be a jailable offence.

Boskowski

everdead.ie wrote: »

As a contractor you can get 3-400 a day as a senior developer but you don't get paid for holidays and you get 6 months to a year long contract.

Then you have to have a company that has to pay for an accountant etc and all that goes with it and you still have to pay prsi usc etc when you eventually get paid.

I think there are about 250 working days a year but then you take away all your holidays etc.


Should also mention you probably won't get a mortgage as a contractor because you aren't a permenant employee.

On £1500 a day would you need a mortgage? Put 5 hard years in and buy a house with cash.

ToxicPaddy

Boskowski wrote: »

On £1500 a day would you need a mortgage? Put 5 hard years in and buy a house with cash.

The main problem there is getting a contract for 5 years

Ole Rodrigo

Speaking as a contractor, its not for everyone, and you need to look at the broader picture - earnings over time (lifetime even) rather than just a daily rate. Lets not mention the discipline and expense of keeping yourself trained in the latest technologies.

Also, some of the figures thrown about are figures paid to agencies, who then take a cut before paying you. Its rare you will have an organisation that will employ you directly unless you're running an established company, which is not how many contractors operate.

ToxicPaddy

I know of a good few IT contractors who regularly get contracts for 400-500 a day, most tend to be 3 to 6 months at most.

However as said before, by the time you pay tax, health insurance, accountants fees, pension and leave some aside for sick days and holidays, they come out with a nice few quid but not what I would class as being worth all that hassle, uncertainty and risk.

They also need to cover for time when not working, training, as if you're contracting in a specialised area you need to have your skills up to date and you can forget about getting a mortgage.

Plus if the company gets in trouble, contractors are the first out the door.

UCDVet

Frank Lee Midere wrote: »

Nope. This is the fallacy called just world theory. Bankers pay software devs more but the coding isn't necessarily as hard as other projects - OS development, technical architect in search, the writers of scalable systems like AWS. And bankers pay bankers extraordinary amounts of money for trivial work. And this is before we get to the CEOs.

Bank pay bankers more because that's the tradition, and it's cost less to fail. And they make **** loads.

Nothing about my post implies there is a just world. Just that there exists some resemblance of a free market (and it does). I work in the financial industry - and I say with 100% confidence, the bankers DO NOT pay software developers more, just because. It's nonsense to think that. They keep track of every expense and place a value on each employee's contribution.

The financial industry tends to pay higher wages to software developers, relative to the industry standard, because expect/demand/employ better than average developers and have higher than average expectations with regards to holidays and work hours. The company I work for closes the office three days per year and expects everyone to work the rest. Unrealistic deadlines, usually due to outside legal obligations are expected and long hours are assumed. If they didn't pay more, they would have a lot of trouble finding and retaining talented developers.

It's like saying Google pays more than the industry standard because....Google is rich. Well, sure, Google is rich, but that's not why they pay their developers more. They HAVE to pay more to attract the talent they want.

Bankers are not known for their generosity.

PizzamanIRL

Footballer. 360k a week. Stupid money.