Really? 100k plus straight out of Uni? I worked in the highest paid industry in Australia when GenY were graduating, and not one grad was paid 100k. Can you tell me what industry that was that you think grads were paid >100k?
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Really? 100k plus straight out of Uni? I worked in the highest paid industry in Australia when GenY were graduating, and not one grad was paid 100k. Can you tell me what industry that was that you think grads were paid >100k?
I employed - as in I personally recruited and offered the jobs to - several grads in 2010 ad 2011. In that business (which I left at the end of last year to do my own thing) we paid graduates between $75k and $85k base salary (inclusive of super). So maybe not $100k but certainly decent cash. On top of that they were in a bonus scheme that put the best of them over $100k in their first year though easy, but not guaranteed.
I employed - as in I personally recruited and offered the jobs to - several grads in 2010 ad 2011. In that business (which I left at the end of last year to do my own thing) we paid graduates between $75k and $85k base salary (inclusive of super). So maybe not $100k but certainly decent cash. On top of that they were in a bonus scheme that put the best of them over $100k in their first year though easy, but not guaranteed.
What industry? (If I had to guess I would say Finance, but I am genuinely curious).
I also employed several grads in 2006-2007, at 60 and 65k respectively. They also went into the bonus pool, I think one got 10k bonus and the other 14k. It was expected that they would be on 75-85k within 3-5 years (performance based). I left the organisation in early 2008, so I have no idea what salary they ended up on. We were paying fairly close to the top of the market for grads, but we didn't employ 1 percenters, so maybe they were offered 100k straight out of uni.
My point was that 100k was probably an exaggeration, but I am always curious about industries I may have overlooked.
What industry? (If I had to guess I would say Finance, but I am genuinely curious).
I also employed several grads in 2006-2007, at 60 and 65k respectively. They also went into the bonus pool, I think one got 10k bonus and the other 14k. It was expected that they would be on 75-85k within 3-5 years (performance based). I left the organisation in early 2008, so I have no idea what salary they ended up on. We were paying fairly close to the top of the market for grads, but we didn't employ 1 percenters, so maybe they were offered 100k straight out of uni.
My point was that 100k was probably an exaggeration, but I am always curious about industries I may have overlooked.
I don't want to be too specific, but I will say that the industry was finance technology related, and in a fairly niche area of that space. Also to be fair, we targeted top grads - 1st class honours / deans list types.
But yes - $100k straight of uni would be a bit of a stretch for most, but it would seem that $60k-$80k is pretty easy to achieve, and if you are good and in the right field than the potential to earn $100k straight up is certainly there in the right industry when bonuses etc kick in.
I don't want to be too specific, but I will say that the industry was finance technology related,
That narrows it down to about 25 companies.
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and in a fairly niche area of that space.
That narrows it down to about 10 companies.
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Also to be fair, we targeted top grads - 1st class honours / deans list types.
That narrows it down to about 6 companies. One in Bondi, three in the City, one in Crows Nest, one on the Northern Beaches.
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But yes - $100k straight of uni would be a bit of a stretch for most, but it would seem that $60k-$80k is pretty easy to achieve,
In the right industry. Plenty of graduates earn less than 60k. I know some post-grads that earn less than that. The problem with picking your industry is that you need to do it 4 years in advance, when you are 18 years old. That's why I'm a fan of mature age study. Go out and earn peanuts for a while when your 18. Get some experience, then pick your industry and course of study.
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