Best Career : Employment rate and Pay

El Tarangu · 17-06-2020 4:06pm

Fred Cryton wrote: »

You haven't a clue. GP's are on pretty moderate incomes, paying a huge amount of tax.

One doctor earned over €1m in revenue from medical card patients in a year; granted, presumably he is the doctor with the highest turnover in the country, but there are plenty of others earning in the region of €500k from their medical card patients alone.

I don't know what the profit margins are for a GP, but they are presumably quite high.

EmptyTree · 17-06-2020 4:40pm

Automation is supposed to be savage money. Being good at maths helps!

Interested Observer · 17-06-2020 4:48pm

Creamy Goodness wrote: »

80k is totally doable in IT and more. however you'd have to be very specialised and or jump ship a lot to get there in your 20's. if you don't specialise or jump ship often it'll take a few more years mid-30's/early 40's.

Also there's a lot of people who are given shares in form of options/RSU's and especially companies who haven't floated yet and count this as part of their salary as that's how it's sold to them. they aren't written the paper they're written on until they vest and considered salary is strange in my opinion.

I work in data analytics and it's completely doable in your 20s if you jump around a bit. I came to this line of work late, had barely started by my late 20s, so wasn't the case for me but if you join one of the consulting firms for example you can be manager level in 5 or 6 years and you'd be on that sort of money, or if you work for Google/Facebook/LinkedIn/the bigger tech firms you'd be on that sort of money as well. The RSUs for those sorts of companies are excellent as well.

CBear1993 · 17-06-2020 4:52pm

Interested Observer wrote: »

I work in data analytics and it's completely doable in your 20s if you jump around a bit. I came to this line of work late, had barely started by my late 20s, so wasn't the case for me but if you join one of the consulting firms for example you can be manager level in 5 or 6 years and you'd be on that sort of money, or if you work for Google/Facebook/LinkedIn/the bigger tech firms you'd be on that sort of money as well. The RSUs for those sorts of companies are excellent as well.

How could one test the waters for data analytics/software engineering, is there a datacamps website or something?

Knew a few data analysts in Sydney for the banks like commonwealth who were ready to pull their hair out with boredom

Creamy Goodness · 17-06-2020 4:54pm

Interested Observer wrote: »

I work in data analytics and it's completely doable in your 20s if you jump around a bit. I came to this line of work late, had barely started by my late 20s, so wasn't the case for me but if you join one of the consulting firms for example you can be manager level in 5 or 6 years and you'd be on that sort of money, or if you work for Google/Facebook/LinkedIn/the bigger tech firms you'd be on that sort of money as well. The RSUs for those sorts of companies are excellent as well.

yup it's doable, but what I'm trying to say it's in the minority rather than the majority.

one other thing to note is - and this is not isolated to IT - to get the big jumps in salary you need to be a great negotiator and be a good seller of your skills.

thomasdylan · 17-06-2020 5:13pm

El Tarangu wrote: »

One doctor earned over €1m in revenue from medical card patients in a year; granted, presumably he is the doctor with the highest turnover in the country, but there are plenty of others earning in the region of €500k from their medical card patients alone.

I don't know what the profit margins are for a GP, but they are presumably quite high.

He works in Tallaght, there's 30 staff across a few practices and they'd look after mostly medical card patients.

The second GP on the list is similar, inner city Dublin, lots of staff - GPs, nurses, receptionists. It'd be a practice with almost all medical card patients serving an area of deprivation. Austin Carroll would work with lots of homeless and IVDUs and would be someone who has dedicated his career to looking after people in inner city Dublin.

newuser99999 · 17-06-2020 6:29pm

El Tarangu wrote: »

One doctor earned over €1m in revenue from medical card patients in a year; granted, presumably he is the doctor with the highest turnover in the country, but there are plenty of others earning in the region of €500k from their medical card patients alone.

I don't know what the profit margins are for a GP, but they are presumably quite high.

Revenue does not equal profit. If you saw 16 patients a day (one every 30 minutes for 8 hours a day) at €50 a pop for 365 days a year you would make €292,000 before tax or any expenses. You’re talking out of your backside.

Interested Observer · 17-06-2020 6:51pm

CBear1993 wrote: »

How could one test the waters for data analytics/software engineering, is there a datacamps website or something?

Knew a few data analysts in Sydney for the banks like commonwealth who were ready to pull their hair out with boredom

There's absolutely loads of stuff online, look for any intro to SQL, and if you get through that into to Python courses. Personally, I had a numerate/technical background already so did a masters in analytics.

I worked on a project in a bank for a while, and let's just say they don't tend to be the most dynamic of workplaces.

Sheep Shagger · 17-06-2020 8:33pm

Creamy Goodness wrote: »

yup it's doable, but what I'm trying to say it's in the minority rather than the majority.

This is what I was getting at.

Sure it's possible but most people in that age group are not on that money, sometimes on these threads you'd think nobody was on less than €80k a year.

Thetr is a reason the mean/average is nowhere near that.

El Tarangu · 17-06-2020 9:39pm

newuser99999 wrote: »

Revenue does not equal profit. If you saw 16 patients a day (one every 30 minutes for 8 hours a day) at €50 a pop for 365 days a year you would make €292,000 before tax or any expenses. You’re talking out of your backside.

thank you for making the distinction between revenue and profit for me :rolleyes:

If a doctor see an average of two patients per hour, and has to deduct from the that cost of paying a secretary, insurance, and whatever rent they charge themselves for the use of their home surgery, they would still be what most normal people regard as 'good' money, and not "pretty moderate incomes", as another poster suggested.

Everyone pays tax, so I'm not really sure how that factors into your argument

addaword · 18-06-2020 8:23am

Creamy Goodness wrote: »

IT or Pharmaceutical.

Pharmaceutical is not always all that well paid. Sometimes those working in a multinational for decades, and who has a degree, and are on only the early forties. Ok salary, but not fantastic considering the stress and pressure sometimes. Multinationals can be ruthless and do not throw money away. Probably in Dublin wages are higher.

bilbot79 · 18-06-2020 8:30am

Dental Hygienist

Creamy Goodness · 18-06-2020 8:39am

addaword wrote: »

Pharmaceutical is not always all that well paid. Sometimes those working in a multinational for decades, and who has a degree, and are on only the early forties. Ok salary, but not fantastic considering the stress and pressure sometimes. Multinationals can be ruthless and do not throw money away. Probably in Dublin wages are higher.

That's why I also said in my post - that you omitted - that it depends on stress/pressure and time intensive jobs.

Location is a good one though tbh. In my opinion if you want the best chance of getting a good wage you need to be in Dublin (from an Ireland perspective). If you choose IT - or any other job that can be done 100% remote (outside of COVID-19) as long as you have a stable internet you can increase your earnings by lowering your cost of living by living somewhere like Leitrim (if you like misery :pac:)

nibtrix · 19-06-2020 12:29pm

addaword wrote: »

Lecturers in third level, most do very little, have great pay and salvage time off.

I've seen this opinion posted a few times. People realise that most lecturers don't just give a couple of lectures a week and do nothing else, right? Most of them also do research and publish articles/books, which isn't exactly a walk in the park. Particularly if you are new in the profession, it can be hard to get into a good position, many people are on year-to-year contracts with no guarantee they'll be kept on.

Of course once you're years established, well-known, with plenty of work published, then you can sit back in a permanent job and rehash the same lectures to new students year after year. Takes a fair whack of work to get to that point though!

Zascar · 19-06-2020 6:10pm

Don't forget IT is not just for hardcore techies coding etc - IT Sales is a massive industry and there are thousands of jobs in Ireland. Since you are bringing in the money - you can make the money. Six figures is not even slightly rare and 150k+ is achieveable if you get into senior roles or management down the line, or if you smash your targets. You can start at the bottom in business development on 35k+ - plus comisison which can be a good chunk. Worth considering. Shed loads of jobs with all the tech companies constantly hiring

addaword · 19-06-2020 6:28pm

nibtrix wrote: »

I've seen this opinion posted a few times. People realise that most lecturers don't just give a couple of lectures a week and do nothing else, right? Most of them also do research and publish articles/books, which isn't exactly a walk in the park. Particularly if you are new in the profession, it can be hard to get into a good position, many people are on year-to-year contracts with no guarantee they'll be kept on.

Of course once you're years established, well-known, with plenty of work published, then you can sit back in a permanent job and rehash the same lectures to new students year after year. Takes a fair whack of work to get to that point though!

And how does this apply to the tens of thousands of lecturers in institutes of technology, for example? Easiest job ever for great pay, pension , hours, holidays and security.

Interested Observer · 19-06-2020 7:25pm

addaword wrote: »

And how does this apply to the tens of thousands of lecturers in institutes of technology, for example?

Tens of thousands? I really don't think so.

addaword · 19-06-2020 7:33pm

Interested Observer wrote: »

Tens of thousands? I really don't think so.

You would be surprised. There are 14 institutions in Ireland that use the words "Institute of Technology", and plenty more 3rd level educational institutions in the state have high paid staff too. Over 1400 staff in one is not unusual. So the work load is well spread out.

Geuze · 19-06-2020 7:34pm

nibtrix wrote: »

I've seen this opinion posted a few times. People realise that most lecturers don't just give a couple of lectures a week and do nothing else, right? Most of them also do research and publish articles/books, which isn't exactly a walk in the park. Particularly if you are new in the profession, it can be hard to get into a good position, many people are on year-to-year contracts with no guarantee they'll be kept on.

Of course once you're years established, well-known, with plenty of work published, then you can sit back in a permanent job and rehash the same lectures to new students year after year. Takes a fair whack of work to get to that point though!

That is why I was careful to say lecturers in IoT.

Heavily unionised
Fixed contracted summer holidays = 20/25 Jun until 1 Sep
No expectation to do research
No expectation to publish

Yes, the bar has raised, in that you are now expected to be doing a PdD to get the job.

Uni lecturers is a different job, really.

Treppen · 19-06-2020 7:42pm

addaword wrote: »

And how does this apply to the tens of thousands of lecturers in institutes of technology, for example? Easiest job ever for great pay, pension , hours, holidays and security.

Christ your a real expert on everybody else jobs these days.
Pension is new entrant career average (which of course you know zilch about).
Pay is ok ..... If you get permanency.
Hours? Your probably only looking at contact lecturing hours, which is a very foolish thing to do.
Holidays, you're probably assuming they're the same as the undergrads, which they certainly are not, they're better than most, although you get zipp if you're not permanent, which many many are not.
Security... Grand if you're permanent etc.

But go on, destroy another thread with your public sector bashing ignorance.

Search through this guy's posting history before you bother to engage folks. They don't call him the threadkiller for nothing.

LawBoy2018 · 19-06-2020 7:51pm

Most of the aircraft leasing firms run summer internships and/or graduate programmes. I'm pursuing a career in law. I'm very well educated but it's taken many late nights/cramming sessions to get here. Finally have my training contract sorted though which is a massive weight off of my shoulders. Starting off on 46K + will increase to 70K when NQ. Then it advances approx. 5K per year of experience after that. The bonuses are also very good, a flat rate of 5% + another bonus relative to your performance/figures for the year, ranging from 1-15%. This package would vary massively though across the board, however, it would be similar in each of the top 10 firms in Dublin.

addaword · 19-06-2020 7:51pm

Treppen wrote: »

Christ your a real expert on everybody else jobs these days.
Pension is new entrant career average (which of course you know zilch about).
Pay is ok ..... If you get permanency.
Hours? Your probably only looking at contact lecturing hours, which is a very foolish thing to do.
Holidays, you're probably assuming they're the same as the undergrads, which they certainly are not, they're better than most, although you get zipp if you're not permanent, which many many are not.
Security... Grand if you're permanent etc.

But go on, destroy another thread with your public sector bashing ignorance.

Search through this guy's posting history before you bother to engage folks. They don't call him the threadkiller for nothing.

It is you that is a thread killer. I am simply pointing out a great career, a career one of my kids is in incidentally, and I am proud of him and the career choice he made.

Geuze · 19-06-2020 8:57pm

LawBoy2018 wrote: »

Most of the aircraft leasing firms run summer internships and/or graduate programmes. I'm pursuing a career in law. I'm very well educated but it's taken many late nights/cramming sessions to get here. Finally have my training contract sorted though which is a massive weight off of my shoulders. Starting off on 46K + will increase to 70K when NQ. Then it advances approx. 5K per year of experience after that. The bonuses are also very good, a flat rate of 5% + another bonus relative to your performance/figures for the year, ranging from 1-15%. This package would vary massively though across the board, however, it would be similar in each of the top 10 firms in Dublin.

Just to clarify - the 46k is after college is finished, at the start of legal training?

So 46k from the start of a period of training which involves work + study + exams?

How long? 3.5 years like the accountants?

And if you pass all exams, and become a qualified solicitor, say at age 26, then 70k?

LawBoy2018 · 19-06-2020 9:00pm

Geuze wrote: »

Just to clarify - the 46k is after college is finished, at the start of legal training?

So 46k from the start of a period of training which involves work + study + exams?

How long? 3.5 years like the accountants?

And if you pass all exams, and become a qualified solicitor, say at age 26, then 70k?

I did an LLM which is probably what landed me the traineeship in hindsight, so 5 years of college + 8 FE1 exams. Yes, a trainee solicitor in my firm starts on 46K, which increases as you progress in the traineeship and is then increased to approx 70K once qualified.

AndrewJRenko · 20-06-2020 9:55am

El Tarangu wrote: »

One doctor earned over €1m in revenue from medical card patients in a year; granted, presumably he is the doctor with the highest turnover in the country, but there are plenty of others earning in the region of €500k from their medical card patients alone.

I don't know what the profit margins are for a GP, but they are presumably quite high.

That's a payment to a practice, not to an individual doctor for seeing patients. That payment will cover a practice with quite a few doctors, nurses and other staff.

addaword wrote: »

And how does this apply to the tens of thousands of lecturers in institutes of technology, for example? Easiest job ever for great pay, pension , hours, holidays and security.

There's just slightly over 10,000 employees across ALL the IoTs and they're not all academic staff so I've no idea where you got the 'tens of thousands of lecturers' - another of your fantasies perhaps?

But regardless, have a look at what's on offer for a typical 'easiest job ever'

https://my.corehr.com/pls/ditrecruit/core_document_api_2.view_erecruit_document?p_key_1=B4F0081C6E1C4F4BF6FA0726FDAA4051AF0BD5DE032A3435F9AAC1744F0F926766DDCCD80D5F9D742BDD6E2EEE797704AA12F935DB54D0EFD964EB7825B48D8A4630A42CE73C0FF53C57B244719291594C5A16F45E67FB2696747F05C03A53F29EFE47643FD331C3C5F3B10810D1BDB32FEC3CD140B4BF5F667D0222E02120ECFA9230BFBD1B445B7A0D5A71CEBD72ED2D76E7AA40E5911C9D9145A5EACFEC2DC722A5D8891BBB17092423769F3F266CCA7639DAB5298939D802D67B64C66342&p_key_2=D2D392BE457CD3984E9FF9F7EC75DDB4D58FE589C22EF79969845C01B950AF0D2E5384FB4EB04F938A382441C07845DE98703FBB2B5AE292C4A946296EE4DFC3CA7F04F495B68C64EE5E42D97EA46BE6C1B36737811D70F619C71EF9C2977C1F0DF6DCEA6AA63B9CB10FBEB4B91B173BB4FAE4ED095F085EFAE29BE7D14B0ABD6A5B55F87BBEC7ACBB6382104C7C997A95F85509E8573CDE7601F7961578970CC56E0939C86B397E6CFD053D5D12D4F1C542EEFE4434ADA9FFD77119E6E9EFE7

Max of six teaching hours work a week at €60 an hour, with all prep work and marking done on your own time outside of that.

Any reason you haven't applied for these 'easiest jobs ever'?

addaword wrote: »

It is you that is a thread killer. I am simply pointing out a great career, a career one of my kids is in incidentally, and I am proud of him and the career choice he made.

Presumably you've told him about your constant lobbying to have his salary and benefits cut back, right?

Treppen · 20-06-2020 10:14am

Farming maybe.
Maybe not so much for yourself but the kids get free college and houses if they want it. That's worth hundreds of thousands.

Truthvader · 20-06-2020 11:09am

LawBoy2018 wrote: »

Most of the aircraft leasing firms run summer internships and/or graduate programmes. I'm pursuing a career in law. I'm very well educated but it's taken many late nights/cramming sessions to get here. Finally have my training contract sorted though which is a massive weight off of my shoulders. Starting off on 46K + will increase to 70K when NQ. Then it advances approx. 5K per year of experience after that. The bonuses are also very good, a flat rate of 5% + another bonus relative to your performance/figures for the year, ranging from 1-15%. This package would vary massively though across the board, however, it would be similar in each of the top 10 firms in Dublin.

Good luck. Hope you chose wisely. Some of the" big 10" are bear pits of backstabbing, olympic blamegaming and venomous competition for advancement

LawBoy2018 · 20-06-2020 11:54am

Truthvader wrote: »

Good luck. Hope you chose wisely. Some of the" big 10" are bear pits of backstabbing, olympic blamegaming and venomous competition for advancement

You're 100% right. I've worked in 2/10 previously and was quite shocked by the behaviour in the office.

vikings2012 · 20-06-2020 2:44pm

Treppen wrote: »

Farming maybe.
Maybe not so much for yourself but the kids get free college and houses if they want it. That's worth hundreds of thousands.

Care to elaborate on this? How do children from a farming family get free houses? And free college?

SUSI awards grants based on income status. If a Child is getting a full grant their family is not that wealthy. Farmers tend to be asset rich and income poor.

I also don’t know of any farming family who can give their child a free house. I know farmers who may give their child a site. However, the child still has to incur planning, development and construction costs associate with the build.

Mr_Muffin · 20-06-2020 2:51pm

Farming.

Best Career : Employment rate and Pay

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