Highest paying specialty?

[DPG]

A reality check is needed or you will be aiming for likely disappointment at some point in the future. Not saying the 100K is impossible, but as everyone has said above, it is unlikely.

 

[Silly Sausage]

Re C&I:
I got into by chance really, quite a long time ago now!
I did have an Engineering qualification which almost certainly helped considering I had no experience.
Start looking for Control and/or Instrumentation courses, I'm sure they exist.

It is an interesting career.

Good luck in whatever path you go down anyway.

 

[Deuce]

When I asked him why he's teaching he said it's because he's already set (he's 62) and he wants to teach for fun which I think is fair enough but yeah it is still a bit sus

Those I know (and £800-1000 as a day rate isn't uncommon in my industry) that make that kind of money only do so as they're insanely specialised - to the point of being useless to 99.9% of all potential customers but priceless to the other 0.1%. The problem is as you specialise, you become more and more detached from the general day to day evolution of the industry overall. Such a person would be an interesting teacher, but perhaps not a very good all rounder!

Anyway, if you really want to know if he's spent the last 30 years earning £200k+ a year then I'm sure there will be some clues. Does he drive a Fiat or a Bugatti?

 

[Phil Thompson]

The OP should do stand up, he’d make a fortune.

4K a week from requires is certainly easy to do. But take out your materials and overheads and wages to other boys and you’ll be luck to have 25% of that by the end lol

 

[JAWS]

£1200 a week take home is 100k a year. Not bad if you can get it.

 

[Littlespark99]

£1200 a week take home is 100k a year. Not bad if you can get it.

Sorry I think I'm missing something, £1200*52=£62,400? Don't get me wrong that's still a lot of money but it's not 100k unless I'm doing something wrong?

 

[DPG]

You won't be working every one of the 52 weeks.

 

[Squid]

Try railways and seeing as you are in London, London Underground the way to make decent money is on call rota and doing *shifts......

Thats *shifts not a Richard for the Banning Mods......

 

[Deuce]

£1200 a week take home is 100k a year. Not bad if you can get it.

No. Do it again.

 

[JAWS]

No. Do it again.

£1270 a week not £1200

Year Month Week
Gross Wage £100,000 £8,333 £1,923
Taxable Wage £88,141 £7,345 £1,695
Tax Paid £28,356 £2,363 £545
Tax Free Allowance £11,859 £988 £228
National Insurance £5,624 £469 £108
Take-home pay £66,019 £5,502 £1,270

 

[Deuce]

£1270 a week not £1200

Year Month Week
Gross Wage £100,000 £8,333 £1,923
Taxable Wage £88,141 £7,345 £1,695
Tax Paid £28,356 £2,363 £545
Tax Free Allowance £11,859 £988 £228
National Insurance £5,624 £469 £108
Take-home pay £66,019 £5,502 £1,270

I can tell which calculator your using based on the layout!

Yea, 1270 PW is 100k salary. Or slightly more if you trade as a ltd.

 

[Squid]

£1200 a week take home is 100k a year. Not bad if you can get it.

Thats under £250 per day, not sure if achievable as an electrician.

 

[Squid]

£1270 a week not £1200

Year Month Week
Gross Wage £100,000 £8,333 £1,923
Taxable Wage £88,141 £7,345 £1,695
Tax Paid £28,356 £2,363 £545
Tax Free Allowance £11,859 £988 £228
National Insurance £5,624 £469 £108
Take-home pay £66,019 £5,502 £1,270

You go Ltd Co saves on NI and Tax and you can expense your travel and food costs and a load of the stuff.

 

[Deuce]

Thats under £250 per day, not sure if achievable as an electrician.

I'm sure it's easy enough to achieve less than 250 a day

 

[Squid]

I'm sure it's easy enough to achieve less than 250 a day

In Wales £10.50 ph.......

 

[MJPD29]

Pretty much what's happening, one of my teachers say that just doing house rewires you could earn 4k a week and that you could earn more in other specialties.



This looks very interesting, what's the best way to get qualified? Looking online a bit says that I need to do electrical and mechanical engineering first which is something I've been thinking about anyway.



What's rope access and what does it let you work on?



I'll talk to him asap thank you



Starting a company seems like the most likely route for me after I've gained enough experience to do so but I don't know if there are better/less stressful options out there.



Honestly I wouldn't mind risking my head getting sawed off if it means more money, either I get rich or die which sounds like a win win to me haha. Seriously though if stuff like that are available when I'm experienced then I'd be all for it if the price is worth it.

That's simply just not true about house rewires I've never heard of that in my life he's exaggerating quite a lot

 

[Deuce]

That's simply just not true about house rewires I've never heard of that in my life he's exaggerating quite a lot

Yup, £800 per day for a single spark is certainly above what would expect to pay..

More like 4k incl materials, new CU and plastering to reinstate the walls after chasing the cables.

I guess the spark would see about £3200-3500 of that for approx 2 weeks work. The rest going on materials and paying the plasterer to reinstate.

Based on average 3 bed, not allowing for regional differences of course.

EDIT: Also general business/trading costs to come off the 'profit' too!

 

[Deuce]

In Wales £10.50 ph.......

Is that your salary or the going rate for a welsh spark? Seems a bit stingy either way

About 21k a year with 4 weeks off..?

 

[Pete999]

Scaffolding,

 

[Squid]

Is that your salary or the going rate for a welsh spark? Seems a bit stingy either way

About 21k a year with 4 weeks off..?

I have zero income at the moment since the flat renovation, okay I have something coming in but not that much and am looking for new opportunities, like buying another Lotus, the Caterham I think is far too small.