High paying jobs where lifestyle creep isn't expected? (1 Viewer)
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If there are industries like this, it's news to me. I mean, IB, MBB and some professional services firms might be full of alphas, but I dont think it's like this to be honest.
I think you've been watching too many movies. It might be true to a small extent, but I dont really think it is a big issue.
Shadowdude
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or have a backbone and don't succumb to peer pressure
seremify007
Junior Member
In all fairness part of the challenge is you may need a degree of it to actually do your job. For example, in many of these careers, eventually it involves an element of salesmanship and relationships - and it's in these moments that it's not just about your technical competence but also your ability to connect and build relationships. If you can't even get into the bar which they're in, you aren't able to play golf/squash/etc, or you just simply have nothing to talk about, then it can sometimes make things a bit more challenging.
Chronost
Ex CAG auditor - current CAG deal-maker
I can tell right now the suits and clothes part is only partly true, but really anywhere in commerce you should have half decent clothes on so it's not a thing just for the "top tier" jobs.
Watches are 50/50, not all of them wear watches even these days or it is a smart watch instead which only costs like $150.
The biggest kicker is the cars part - I can tell you a lot of them drive really moderate cars (as in max $10-15k value) and much rather save for a house or thinking of starting their own business/start-up
A lot of them actually save a large chunk, not spend.
Info from: 3 Associates in IB and big 6 law
Watches are 50/50, not all of them wear watches even these days or it is a smart watch instead which only costs like $150.
The biggest kicker is the cars part - I can tell you a lot of them drive really moderate cars (as in max $10-15k value) and much rather save for a house or thinking of starting their own business/start-up
A lot of them actually save a large chunk, not spend.
Info from: 3 Associates in IB and big 6 law
seremify007
Junior Member
Even in my field, I used to get laughed at for my lack of watch... but then Apple Watch became the 'in' thing
Agreed most people don't drive super flashy cars but it depends on the role and how much client entertainment is involved. And post GFC there was also some concern about what image your car projects - didn't worry me as I bought myself a brand new and somewhat humble Lancer
turntaker
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doesn't a lancer still cost 100K in singapore lolEven in my field, I used to get laughed at for my lack of watch... but then Apple Watch became the 'in' thing
Agreed most people don't drive super flashy cars but it depends on the role and how much client entertainment is involved. And post GFC there was also some concern about what image your car projects - didn't worry me as I bought myself a brand new and somewhat humble Lancer
Chronost
Ex CAG auditor - current CAG deal-maker
Jelly of all your cars seriously !!Even in my field, I used to get laughed at for my lack of watch... but then Apple Watch became the 'in' thing
Agreed most people don't drive super flashy cars but it depends on the role and how much client entertainment is involved. And post GFC there was also some concern about what image your car projects - didn't worry me as I bought myself a brand new and somewhat humble Lancer
seremify007
Junior Member
Haha I bought the Lancer back when I lived in Sydney
Can't afford a car here- even a Mazda 2 starts at $95k.
If you work Full Time and require a suit and tie, you will need at least $1200 to build a decent wardrobe I reckon. Even though I work in government, I do invest a fair bit in work stuff because I think being well dressed shows attention to detail and because I enjoy wearing nice stuff.
Im not hugely into watches and I know this will make me sound like a wanker, but I seriously want to get a Rolex. My parents are going overseas at the end of the year so Im going to see if they can get it for me tax free.
Chronost
Ex CAG auditor - current CAG deal-maker
Your suit looked nice when I saw that one time up (Y)
Aye I like watches. I'm always like meh if I see a Tissot,Gucci etc.. on someone, but then secretly I also want a nice watch on my hand :"(
Omnidragon
Devil
Firstly many industries pay well from medical, to legal, to finance, to engineering (ie $200k+)
But in Australia, no one needs to squander their money on expensive cars, houses, toys even if they're in high paying industries. Most of my investment banking (VP+ levels) friends either don't own a car or own a non-luxury car. You're not judged on these things. If you think you are, you need to be in USA or China because you'll fit perfectly in.
But in Australia, no one needs to squander their money on expensive cars, houses, toys even if they're in high paying industries. Most of my investment banking (VP+ levels) friends either don't own a car or own a non-luxury car. You're not judged on these things. If you think you are, you need to be in USA or China because you'll fit perfectly in.
