Business & Finance Salaries

[lewigie]

I'm earning 32k straight out of high school with no experience at all. As a basic storeman aswell. I'm extremely happy with this, seeing as previously I had no money whatsoever.

 

[Caesar]

read through this: http://forums.whirlpool.net.au/forum-replies.cfm?t=1631294

usually those guys are fairly accurate

Slightly OT, the OP in that linked thread is an epic troll. His "Jobs in IT" thread is deadset hilarious.

 

[The Tigers Nuts]

It's creeping into law grads now. I've lost count of how many I went through with Uni that have gone from partnerships to become LC's.

Hi Panther! How's the trust fund?

 

[standingroomonly]

I'm in the hospitality industry and the salaries available vary hugely.

For a larger company such as ALH (Bruce Mathieson) you'd be looking at (ignoring any bonuses) 40-45k for a entry level duty manager salary, that is based on 38 hours a week but depending on the venue you could end up doing more. Assistant managers get between 50-55k and then there is a bigger jump for venue managers where you could earn anywhere from 80-120k depending on the size of your venue, your record of hitting budgets etc.

Independent pubs or smaller companies offer larger salaries and they can include % of profits etc. but come with more hours and they are usually quicker to move someone on if things aren't going well.

I've worked in both situations and am with an independent now but wouldn't rule out heading back to a larger company, the job security is very tempting.

 

[breeno]

2010 was $54,994.

Add 3.25% each year for the next three years.

Thanks a lot

I must say, teaching is quite competitive when you first start out. It just doesn't have as high a ceiling as some other jobs.

 

[stmookeyj]

I was supposed to earn $38K as a Part-Time mail processor last year.....I earned $45K. This year is supposed to be $40K as a PT, but because I always work FT hours I'd probably earn closer to $50K.

 

[jonoman89]

Law grads earn around the $55-65k mark these days depending upon which area or firm they end up with.

I, unlike most law students, am not really that excited by the thought of working in big 'top-tier' law firms. The work/social life mix is terrible, and the atmosphere is pretty negative from my experiences.

As with a lot of jobs, there's a lot of shitkicking and serious work to be done before you break the $80k+ barrier.

 

[de_LICA_ish18]

I've worked for the same company forever in a variety of roles. After restructures I ended up as a finance analyst which I hated. I applied for a role 2 levels down which is kind of an admin/co-ordination role. I asked for the same money and they gave it to me LOL. Am on $80k doing an admin role, no stress working 40 hours a week. I actually really like the job and would have done it for less but I ain't complaining. Starting salary for my role is $38k LOL. I do a bit of over and above stuff due to my analytical experience but basically doing the same job as those of half as much.

Actually on more than my boss at the moment, she is in a graduate salary but will get a massive increase very soon.

 

[Caesar]

Do you work for a government-owned corporation?

 

[WCErevival]

Earning good money is fine but it isn't king. I'm on $120 K plus these days & I'm saving less than I did when I was on the average (of around $65 K), the more you earn, the natural is you will spend & be taxed more.

Very true. I know guys that earn a fair bit up at the mines but seem to blow most of the money. Its all about how you manage your money no matter what your income is. When I was an apprentice earning only 15-20k a year people thought I was rich because I always had money in the bank. Just looked after it well thats all.

 

[campbell]

Qld Public nurses 1st year out of uni get 55,000.
http://www.health.qld.gov.au/hrpolicies/wage_rates/nursing.asp

 

[Rod Stroker]

I've worked for the same company forever in a variety of roles. After restructures I ended up as a finance analyst which I hated. I applied for a role 2 levels down which is kind of an admin/co-ordination role. I asked for the same money and they gave it to me LOL. Am on $80k doing an admin role, no stress working 40 hours a week. I actually really like the job and would have done it for less but I ain't complaining. Starting salary for my role is $38k LOL. I do a bit of over and above stuff due to my analytical experience but basically doing the same job as those of half as much.

Actually on more than my boss at the moment, she is in a graduate salary but will get a massive increase very soon.

If the market says that the role is only worth half of what you are on now, then really that's what you should be on. Although with your years in the company and the fact you're over-qualified for the role, I'd be inclined to pay you a bit more, but double is crazy. Poor cost control from management, and a big reason why companies go off the rails.
With your current cost to the company, they could hire 2 people. So effectively you're keeping someone else out of a job if they are paying everyone else half of what they pay you to do the same job.

Oh, and nothing personal dude Just habit from years as a consultant in organizational and operational efficiency.

 

[shibz_1989]

Well I know as a nurse you earn $50,000 which is bull crap, considering the studying you go through, not to mention how physically and mentally draining the job is!!

 

[de_LICA_ish18]

If the market says that the role is only worth half of what you are on now, then really that's what you should be on. Although with your years in the company and the fact you're over-qualified for the role, I'd be inclined to pay you a bit more, but double is crazy. Poor cost control from management, and a big reason why companies go off the rails.
With your current cost to the company, they could hire 2 people. So effectively you're keeping someone else out of a job if they are paying everyone else half of what they pay you to do the same job.

Oh, and nothing personal dude Just habit from years as a consultant in organizational and operational efficiency.

All true, I don't want to give away details of where I work but due to my experience I do add value to the role that out weighs my salary. Between myself and the graduate we run a multi million dollar business within a billion dollar business. My role is admin but I do tend to get involved with negotiations etc. No that's not officially part of my role but I can get involved with as much as I want without it being my responsibility. Perfect for me. Just last week I found a reporting error of $400k in my team. A few weeks before that I saved us $200k in a supplier claim that we were ready to pay but I did some further investigation and we got out of it. This wasn't in my team, I was just helping out another area. These are things I do over and above, so whilst I'm technically overpaid for my "official" role, there is great benefit in having me there from a financial point of you. Basically I know the systems better than anyone, having worked in many different areas, do I can pick up and resolve problems quickly and with little effort. The good thing for me is that it's all pretty stress free and I never do overtime.

 

[Dan Moody]

All these savings!!!
Jason?

 

[de_LICA_ish18]

Also when I say double that's based off a starting salary that is about $38k. Most would be on $55-$60k. There is about 40 people doing the same sort of role as me, it's a big place. The funny thing is, I first did this equivelent role 10 years ago and started on $38k. People who have been around for a while are now on big salaries whilst all the new ones are on squat. Ownership changed in the last few years and they brought down starting salaries.

 

[grizzlym]

If the market says that the role is only worth half of what you are on now, then really that's what you should be on. Although with your years in the company and the fact you're over-qualified for the role, I'd be inclined to pay you a bit more, but double is crazy. Poor cost control from management, and a big reason why companies go off the rails.
With your current cost to the company, they could hire 2 people. So effectively you're keeping someone else out of a job if they are paying everyone else half of what they pay you to do the same job.

Oh, and nothing personal dude Just habit from years as a consultant in organizational and operational efficiency.

Perhaps he's doing the job of two people?!

 

[Scotland]

Salaries in Australia are all over the place.

The fact that a run of the mill tradie can easily earn twice that of a nurse or teacher says a lot about our society.

The fact that said tradie can earn $100k plus says a lot about how over-inflated our salaries are compared to the rest of the World.

 

[TownleyTime]

The fact that said tradie can earn $100k plus says a lot about how over-inflated our salaries are compared to the rest of the World.

It's the simple law of demand/supply & skills shortage. Trades are in absolute high demand & they can basically set their own wage, the unions also have a massive influence over this in the trades moreso than any other professions. I've been part of the MUA seen 02' as I work on a container terminal & the lowest wage there is $80 K to many who have little qualifications. This has largely been dictated by the union, which is also the case with trades.

 

[shibz_1989]

But nurses are in demand? What I don't understand is if they are in demand why wages aren't higher?

 

[standingroomonly]

But nurses are in demand? What I don't understand is if they are in demand why wages aren't higher?

because then with the tight budgets they run they'd have to employ less nurses, and that would close beds.

 

[rocker_oz33]

it really does not really matter what you make,as long as you manage your money the right way and are happy.my girl friends cousin makes more than the both of us but has to sell his house just blows his cash.and other tradies l know make really good money(80 to 100 or more) but there wife/gf sits at home all day kids or not their wage is still average for the household.

 

[THRILLHO]

because then with the tight budgets they run they'd have to employ less nurses, and that would close beds.

I'm waiting for the inevitable shit-storm from the media and the public when they finally cotton on to the fact that the new 'world-class' Royal Children's has less beds than the new one.


Also, nurses get a crap salary because their union cant get it done.

 

[Rod Stroker]

Also when I say double that's based off a starting salary that is about $38k. Most would be on $55-$60k. There is about 40 people doing the same sort of role as me, it's a big place. The funny thing is, I first did this equivelent role 10 years ago and started on $38k. People who have been around for a while are now on big salaries whilst all the new ones are on squat. Ownership changed in the last few years and they brought down starting salaries.

Fair enough. If most are on around 60K and you're on 80K for the same job but with more years in the company, and more experience beyond the role requirements and therefore adding more value, then it probably sounds about right.

Good thread

 

[cattas09]

what is an average base wage for a real estate agent, not including commissions?