Money-salary (1 Viewer)

[COLONEL SANDERS]

well I know alot of people are intrested in the eventual income after completeing their course

could anyone tell me which uni course offers the highest salary for first year graduates? in oder from highest to least?

 

[ND]

Actuarial studies (at macq) has gotta be one of the highest.

 

[LaZy_KoReAn]

Yer, but Actuarial studies at Macquarie, is very hard to complete with such a high failure rate

Business/Commerce is where the money is not a limit to how much you can make if you start your own business/investing and relatively easy to graduate

I'm looking towards Real Estate/Property Development

 

[ND]

Originally posted by LaZy_KoReAn
Yer, but Actuarial studies at Macquarie, is very hard to complete with such a high failure rate

Well to have realistic aspirations of making alot of money, you've gotta be smart.

edit: i'm not saying that if you fail acst you're not smart.

 

[Minai]

I think at the very top is one of the engineering courses...Mining Engineering I think, I'll have to check that
Also, Medicine is up there too

 

[qkrtjdxo]

This site may be helpful:
http://www.gradsonline.edu.au/gradsonline/

 

[sei]

Originally posted by Minai
I think at the very top is one of the engineering courses...Mining Engineering I think, I'll have to check that
Also, Medicine is up there too

yep, mining engineering is at the top, with $90,000 first year out i think..

i don't think medicine is up there at all.. later on in the career maybe, but not first year out, no way..

Originally posted by qkrtjdxo
This site may be helpful:
http://www.gradsonline.edu.au/gradsonline/

nah, not really, i don;t think the figures from that site are very accurate..

 

[ND]

Originally posted by sei

nah, not really, i don;t think the figures from that site are very accurate..

I hope they're not... Median salary for a law grad+masters = $67K? Meh, why would people with UAI's of 99+ go to uni for 5 years then a masters for however long that takes to make that kinda salary? (i understand that that's for graduates from all unis, not just the GO8, but still..)

 

[Minai]

Unless ur one in a million, u wont be making big bucks in the first year out of uni...67k is pretty good as a graduate salary with masters - remember, firms give money to the experienced...a graduate basically has close to zero experience

 

[ND]

Oh is that figure upon entry into the workforce? That's not bad then...

 

[Lexicographer]

For masters you are supposed to have some experience in the field before hand. Especially in courses like the famd MBA. I mean, everyone knows people love jumpig out of their BWhatever into Master of something, but piles of these don't bother completing the degrees because they find the subjects require experience and knowledge they did not acquire through working in the industry. Anyway, that's my two yen.

 

[freaking_out]

how much salary do doctors get when they start out and what about later into their careers?

 

[Lexicographer]

According to Health and Science section of SMH (Thursdays) the starting salary for a doctor with MBBS or BMed is about $47000. This is how much a fist year intern would expect. Later in the career depends on the specialisation, but a GP with a reasonable schedule could expect a salary at least approaching $100000 depending on expenses of practice, client base etc. Specialists' incomes vary depending on the demand for that specialisation, frequency of work etc. I know a surgeon who works 2 days a week and pulls in $120000, can't remember what she does though.

 

[Raiks]

A mate of mine just finished a Commerce/Engineering degree at UNSW and was offered 170k not including bonuses by 2 investment banks... for training, he was sent to london for 3 months and is staying in the corporate penthouse with his girlfriend free of charge... now thats the life.

But they don't offer that sorta money just for fun, they'll work him to the ground until he burns out and then they'll find another aspiring graduate to take his place.

So if you want the 'chance' to make big moolah, investment banking seems to be a good start... altough 18 hour working days for days in a row doesn't seem that great.... the pitfalls of working for a salary and not by the hour.

 

[-=«MÄLÅÇhïtÊ»=-]

But you see my friends, the income curve for an actuary is one that increases exponentially as you ponder into the rich mystical world of unethical behaviour and corruption.

However for occupations such as mining you soon realise that Western Australia's rail network cannot keep up with the demand from China to actually export the iron ore therefore your income is capped. Elsewhere in the medical industry you will soon realise that the government is trying to screw you over and your net income will be gradually decreasing with the slow increases in medical indemnity insurance.

 

[ND]

Originally posted by -=MLhtʻ=-
But you see my friends, the income curve for an actuary is one that increases exponentially as you ponder into the rich mystical world of unethical behaviour and corruption.

Exponentially? Hahah i'm so torn between acst and law...

 

[Minai]

Originally posted by ND
Exponentially? Hahah i'm so torn between acst and law...

then do both!

 

[ND]

They problem is that i wanna do acst at macq and law at unsw, and also i wanna have a life.

 

[-=«MÄLÅÇhïtÊ»=-]

ye its a good combo
if u get caught in the act of breaching every single rule imposed by APRA, you can apply your law skills to defend yourself in court and save yourself the costs of hiring a lawyer. The fact that lawyers despise actuaries coz we're superior than them (=p) is a morale hazard towards your own defence. Hence it's in your best interest to look after yourself.

 

[sei]

Originally posted by -=MLhtʻ=-
But you see my friends, the income curve for an actuary is one that increases exponentially as you ponder into the rich mystical world of unethical behaviour and corruption.

However for occupations such as mining you soon realise that Western Australia's rail network cannot keep up with the demand from China to actually export the iron ore therefore your income is capped. Elsewhere in the medical industry you will soon realise that the government is trying to screw you over and your net income will be gradually decreasing with the slow increases in medical indemnity insurance.

most ppl wouldn't consider actuarial studies cos it doesn't 'seem' very interesting, especially compared to other (generally) high-income earning jobs such as medicine, org/clin psychology, law etc..

your argument against mining is pretty poor tho, all you talk about is W.A. and exporting iron ore, and that somehow leads to 'therefore your salary is capped'? Same with what you said about medical professions and medical indemnity insurance lowering net income -if money was all ppl cared about then maybe actuarial studies WOULD be more highly demanded.. but some people like to fuse making $ with interesting work

and you would definitely want the income curve for an actuary to increase exponentially, because apart from the pay, what's so great about it?