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Mr. Miyagi

Private Sector V's Public Sector Salary

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Browsing the job section on the Independent came across this little jem http://ijobs.independent.co.uk/job/33285/senior-financial-crime-officer/ which is almost 4x my current salary.

It's pretty much the exact job I do currently within the public sector, shame it's in London :(.

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It's pretty much the exact job I do currently within the public sector, shame it's in London :(.

Isn't it more of a London issue? What salary would be offered in the private sector where you are for a similar job with similar scope?

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Isn't it more of a London issue? What salary would be offered in the private sector where you are for a similar job with similar scope?

Perhaps, most jobs like the one in the link are based in London so it's hard to calculate.

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Browsing the job section on the Independent came across this little jem http://ijobs.independent.co.uk/job/33285/senior-financial-crime-officer/ which is almost 4x my current salary.

It's pretty much the exact job I do currently within the public sector, shame it's in London :(.

Apply then!

We all need an anti-corruption HPC'er on the 'inside' of a big financial institution...

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Apply then!

We all need an anti-corruption HPC'er on the 'inside' of a big financial institution...

I would if it was not in London, I have absolutely no desire to be anywhere near the place :)

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I would if it was not in London, I have absolutely no desire to be anywhere near the place :)

difference is that the hours per week in that private sector job are going to be at least 60, plusif it is an international bank, calls early morning late night.

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difference is that the hours per week in that private sector job are going to be at least 60, plusif it is an international bank, calls early morning late night.

I did 50 hours last week, you'd expect to work longer and finish later on £120k a year

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I did 50 hours last week, you'd expect to work longer and finish later on £120k a year

Depends where you are located.

On this thread on the main forum £100k pa in London lets you save about £1k pcm of your salary. It is simply the fact that a £100k salary in London can lead to the illusion that you are more important and higher up the pay scale than you are really.

So no, i wouldn't expect to work less hard if I was earning half as much elsewhere, if I was still saving £1k pcm after the costs of living, but excluding holidays etc

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Depends where you are located.

On this thread on the main forum £100k pa in London lets you save about £1k pcm of your salary. It is simply the fact that a £100k salary in London can lead to the illusion that you are more important and higher up the pay scale than you are really.

So no, i wouldn't expect to work less hard if I was earning half as much elsewhere, if I was still saving £1k pcm after the costs of living, but excluding holidays etc

I'm in Wales the job is in Canary Wharf I'd have to move closer and commute. I have no desire to even visit London, it's a shame as anywhere else in the U.K and It would be an excellent opportunity.

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I'm in Wales the job is in Canary Wharf I'd have to move closer and commute. I have no desire to even visit London, it's a shame as anywhere else in the U.K and It would be an excellent opportunity.

Outside Canary Wharf it would probably be £50k

So is the £100k the excellent opportunity, or the 'job itself'

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Congratulations.

I take it you've been through the recruiting process and been offered the job?

No, I'm making the point that the salary is far in excess of my current public sector salary and the job is very similar.

Edit

Even in London my job wouldn't attract a significantly higher salary. For example a colleague recently got a job doing the same as me in London and the salary was £42k.

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Outside Canary Wharf it would probably be £50k

So is the £100k the excellent opportunity, or the 'job itself'

The job in the main, I'd do it for £50k in Cardiff for example.

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No, I'm making the point that the salary is far in excess of my current public sector salary and the job is very similar.

Edit

Even in London my job wouldn't attract a significantly higher salary. For example a colleague recently got a job doing the same as me in London and the salary was £42k.

Sorry to say it but I'm not sure you can compare what you do with a short job description and say its the same.

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Sorry to say it but I'm not sure you can compare what you do with a short job description and say its the same.

It's not the same it's similar in a specialised area.

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Don't think it's private vs public. Or even London vs the rest of the UK.

It's bank vs non bank. You get paid far more working for a bank in most things (IT, HR, paper shuffling) than the same job for another company.

It's whether you can live with yourself going into work every day doing your bit to help them destroy the world :-)

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Never worked in the public sector, but from what people I know who do tell me, most jobs like that have already been given to someone already in the public sector or 'a friend' and advertising these roles is just a legal formality.

The management class of the public sector is nothing more than a 21st century 'old boys' network.

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It's not the same it's similar in a specialised area.

Must be me then. If someone offered me 3 times my salary to do a similar job in my specialism in London rather than the NW, I'd be on it like a car bonnet. In fact I'd be on the train before I hung up the phone.

Seeing a job ad on the other hand.

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Must be me then. If someone offered me 3 times my salary to do a similar job in my specialism in London rather than the NW, I'd be on it like a car bonnet. In fact I'd be on the train before I hung up the phone.

Seeing a job ad on the other hand.

Depends upon the costs of living in the capital, surely ?

Surplus after cost of living expenses are deducted may not be much different, or may not be sufficient to warrant the environmental trade-off.

You may find the jobs pay the same.

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Depends upon the costs of living in the capital, surely ?

Surplus after cost of living expenses are deducted may not be much different, or may not be sufficient to warrant the environmental trade-off.

You may find the jobs pay the same.

And?

The 100 bleating in the main forum doesnt impress me much. That it doesn't buy a house I understand but that you can't live? please.

Even if its just a few years its more experience, broadened horizons etc. And if you can do the London job you should be able to walk back into your provincial cakewalk afterwards like a prodigal son.

Maybe its just me.

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And?

The 100 bleating in the main forum doesnt impress me much. That it doesn't buy a house I understand but that you can't live? please.

Even if its just a few years its more experience, broadened horizons etc. And if you can do the London job you should be able to walk back into your provincial cakewalk afterwards like a prodigal son.

Maybe its just me.

Perhaps I misunderstood you when you said:

If someone offered me 3 times my salary to do a similar job in my specialism in London rather than the NW, I'd be on it like a car bonnet. In fact I'd be on the train before I hung up the phone.

i took it that you were attracted by the salary, which I would argue might not be that dissimilar to what you are getting in the sticks when your costs of living are removed.

If you live outside London you might think a £100k job must be a good job - a step up even - but in reality it's no different a 'job' to what you are doing for half the money in the sticks.

Having said that, the often overlooked advantage to being in London is the excellent opportunity for networking and raising capital investment, which is worth a lot and often something money can't buy; It is the one thing I would move to London for.

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Browsing the job section on the Independent came across this little jem http://ijobs.indepen...-crime-officer/ which is almost 4x my current salary.

It's pretty much the exact job I do currently within the public sector, shame it's in London :(.

Hmmm. I'm not saying it's impossible, but it's pretty unlikely you'd get a senior-ish role like that in a bank without some direct and very relevant financial services experience. In the state sector the only place I could see you getting that is with the FSA, BoE etc.

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Perhaps I misunderstood you when you said:

i took it that you were attracted by the salary, which I would argue might not be that dissimilar to what you are getting in the sticks when your costs of living are removed.

If you live outside London you might think a £100k job must be a good job - a step up even - but in reality it's no different a 'job' to what you are doing for half the money in the sticks.

Having said that, the often overlooked advantage to being in London is the excellent opportunity for networking and raising capital investment, which is worth a lot and often something money can't buy; It is the one thing I would move to London for.

Both parts, the money and the experience. They don't tear up your Manchester visa if you go to London for a bit. Wouldn't start it in mind as being permanent, a few years to help save toward early retirement.

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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