- Dec 17, 2011
60k is average income? I find that really hard to believe. Isn't the average income 80-90k?MC is right up there with IB as it pays reasonably well and is very intellectually stimulating. Lots of competition for not many jobs compared to say accounting or the other less glamorous roles in finance.
You realise that $60k is like the average income right which isn't bad for a fresh graduate. AFAIK graduate jobs are in the high $40's to low $70's for most roles (outside of IB/trading/equities which are circa $100k... if you can find one). Realistically if you are joining a graduate program, you do so because it's something which will give you progression and development opportunities rather than outright salary.
I'll put it in perspective then- I'm 24, I have no HECS debt as I repaid it in full, and I bought myself a decent car without using any financing/loans. I'd say commerce has better prospects than pharmacy by a long shot but like you said, there are risks with any industry and commerce is one of those areas which is really not a production business and hence is dependent on other industries to have prosper.
WHUT. You're doing extremely well, man
24 and you've paid off your hecs. How old were you when you finished uni?
The exam. I'm actually really pissed.
You know how on balance sheets and income statements there are too sides? I FORGOT TO CHECK THE YEAR, and had to redo the entire thing again.
So I basically had half the time everyone did after redoing it (I realised really late, and just noticed before I started my report).
I finished it, but i'm not sure if it's correct. I would have killed the exam if I didn't screw up originally. Never making such a noob mistake again, NEVER.
Anyways, I calculated the 7 ratios for each business and compared it to the industry average and wrote a report that was only three pages long, and a page of dot points on how to improve business performance
Really unhappy about realising midway during the exam, and not earlier. Seriously though, that's the first thing I should've checked. Oh well :/
I'm just hoping I did the ratios right, because if I didn't, the report is entirely wrong too
what are you talking about?one is expressed as a decimal and the other expresses it as a percentage. How hard is it?