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Qantas Recruitment

Old 6th Jun 2022, 11:01
  #2821 (permalink)  
 
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Originally Posted by Flyonthewall2020
About $130k (+ 20% hecs fee) + accommodation ($20k) so around $175k total 🥲
Far out! And I baulked forking out about $80k for my CPL 20 years ago. Mind you the expenses keep going with medicals, endorsements on new aircraft, union fees, phone calls to the 3 wives.
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Old 6th Jun 2022, 11:15
  #2822 (permalink)  
 
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so around $175k total 🥲
Jesus ******* H Christ. Imagine the opportunity cost of that, deposit on a Sydney, Melbourne or Brisbane home, a millionaire in 15 years.
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Old 6th Jun 2022, 12:25
  #2823 (permalink)  
 
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Originally Posted by tossbag
Jesus ******* H Christ. Imagine the opportunity cost of that, deposit on a Sydney, Melbourne or Brisbane home, a millionaire in 15 years.
But it's on HECS/FEE-HELP, it's a loan. So you're not paying that cost upfront.

A University degree is going to set you back $80-120k all up, plus living costs over 3 years. Comparable to the Academy course except the academy qualifies you faster.Currently movement into the group is limited. However if what is being rumoured about the requirements for upcoming recruitment over the next 5 years are correct then they'll need a substantial amount of recruitment into mainline alone, an amount never before seen in the company's history. And then all the recruitment into group subsidiaries beyond that. Inevitable Academy graduates will have to taken directly into the group, and straight into mainline, at some stage.

Yes, it the world economy could all fall in a heap and it's back to square one. But with a constant few years of growth it could be quite a spurt, and there'll be some who are able to take advantage of some rapid movement at an early point in their career if well positioned.

Originally Posted by HappyBandit
Far out! And I baulked forking out about $80k for my CPL 20 years ago. Mind you the expenses keep going with medicals, endorsements on new aircraft, union fees, phone calls to the 3 wives.
Funnily enough with inflation $80k in 2002 would now be $125k in 2022.
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Old 6th Jun 2022, 12:26
  #2824 (permalink)  
 
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I thought $7500 for a CPL + IR was highway robbery in the mid seventies. As it turned out it was only a years salary in GA then.
So I got it back pretty soon.
How do you get back $175k ?
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Old 6th Jun 2022, 13:51
  #2825 (permalink)  
 
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Living the dream!

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Old 6th Jun 2022, 14:18
  #2826 (permalink)  
 
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Itís not $175k for goodness sake. The living costs cannot be counted as you have to live somewhere, even mum and dad usually charge board.
The HECS is not paid upfront.
Leaving the $130k as about two years GA wages or one year as a jet FO. Not a bad deal. Qualify by 25 and you can look forward to 30-35 years of reasonable income, your lifestyle choice is up to you.
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Old 6th Jun 2022, 22:55
  #2827 (permalink)  
 
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Originally Posted by Icarus2001
Itís not $175k for goodness sake. The living costs cannot be counted as you have to live somewhere, even mum and dad usually charge board.
The HECS is not paid upfront.
Leaving the $130k as about two years GA wages or one year as a jet FO. Not a bad deal. Qualify by 25 and you can look forward to 30-35 years of reasonable income, your lifestyle choice is up to you.
$130k 2 years of GA wages? Certainly not your first 2 years!
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Old 7th Jun 2022, 01:43
  #2828 (permalink)  
 
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Originally Posted by Icarus2001
Qualify by 25 and you can look forward to 30-35 years of reasonable income, your lifestyle choice is up to you.
That is not a given. Even great airlines see their luck run out unexpectedly. And the money in the airline business isnít what it once was.

Any young pilot coming through the system should seriously consider the possibility of changing professions in their later years. Be prepared as best you can.
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Old 7th Jun 2022, 01:54
  #2829 (permalink)  
 
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Jesus H ******* Christ, how about the opportunity cost of loan repayments for however long it takes to pay back? Repayments on an investment loan after bank of dad gives you the deposit. Millionaire by the time of an early retirement.

A University degree is going to set you back $80-120k all up
How about a trade in a government subsidised scheme where you pay sweet FA? 3 years at a modest income then hook it to the mines for 5 years of premo pay to set yourself up. Real estate millionaire after 15 years.
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Old 7th Jun 2022, 01:59
  #2830 (permalink)  
 
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$130k 2 years of GA wages?
Snickers to oneself, have you read the award lately? Have a look at that then tell me how many years it will take you reach 65k per year?
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Old 7th Jun 2022, 02:25
  #2831 (permalink)  
 
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A 4 year university degree for a commonwealth supported student is under 40k. Medicine/dentistry might approach 60k. Theyíre still a lot cheaper than a pilots license.
Youíd be a fool to outlay that much on a pilots license these days knowing how easily you could be out of a job. I donít think many of these tertiary educated individuals would have been stood down or made redundant during covid. Most of them would have worked from home and if they were let go, they would have found a higher paying job a few months later.
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Old 7th Jun 2022, 02:34
  #2832 (permalink)  
 
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Originally Posted by Icarus2001
Itís not $175k for goodness sake. The living costs cannot be counted as you have to live somewhere, even mum and dad usually charge board.
The HECS is not paid upfront.
Leaving the $130k as about two years GA wages or one year as a jet FO. Not a bad deal. Qualify by 25 and you can look forward to 30-35 years of reasonable income, your lifestyle choice is up to you.
​​​​​

Saving $130k is certainly a lot different to earning $130k.
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Old 7th Jun 2022, 04:11
  #2833 (permalink)  
 
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A 4 year university degree for a commonwealth supported student is under 40k. Medicine/dentistry might approach 60k.
Two words ENTRY BARRIER

That is not a given. Even great airlines see their luck run out unexpectedly. And the money in the airline business isn’t what it once was.
You are a barrel of laughs. NOTHING is a given, only death and taxes. I may not wake up tomorrow, or an asteroid could destroy the earth but on the balance of probabilities you would have a reasonable chance of a thirty year career, starting at 25, moving companies or countries, for an investment of $130k

Snickers to oneself, have you read the award lately? Have a look at that then tell me how many years it will take you reach 65k per year?
Okay call it three years to pay off, heck call it four. Now put that in context of a thirty five year career.
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Old 7th Jun 2022, 06:04
  #2834 (permalink)  
 
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Originally Posted by Icarus2001
Okay call it three years to pay off, heck call it four. Now put that in context of a thirty five year career.
And then add in the impact on your mental and physical health, the family occasions missed, the Christmases missed, the constant downward pressure on T&C, the divorce(s) and the following annihilation of your personal wealth. Aviation was a good career once and now itís a death trap with an associated financial spiral. There are hundreds of careers out there that outstrip this industry in term as of health, wealth and family. But if you need to fly, go right ahead there will be no shortage of jobs available soon, theyíre all yours.
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Old 7th Jun 2022, 07:16
  #2835 (permalink)  
 
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Originally Posted by Icarus2001
Two words ENTRY BARRIER

You are a barrel of laughs. NOTHING is a given, only death and taxes. I may not wake up tomorrow, or an asteroid could destroy the earth but on the balance of probabilities you would have a reasonable chance of a thirty year career, starting at 25, moving companies or countries, for an investment of $130k

Okay call it three years to pay off, heck call it four. Now put that in context of a thirty five year career.
Probably try more like 6-7. Youíre forgetting you have to pay tax, live, etc. at the same time as paying off a $130k loan.
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Old 7th Jun 2022, 08:30
  #2836 (permalink)  
 
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I was not implying that it could be paid off in two, three or four years. I was pointing it out as a quantum of investment relative to return.

Aviation was a good career once and now it’s a death trap with an associated financial spiral.
I feel really sorry for you if you believe that.
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Old 7th Jun 2022, 09:14
  #2837 (permalink)  
 
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Originally Posted by Icarus2001
Two words ENTRY BARRIER

Okay call it three years to pay off, heck call it four. Now put that in context of a thirty five year career.
That level of ability to read government legislation with a 130k debt is worrying.

HELP loans top out at 10% of salary once you reach 141,848 (22-23). Not even a jetstar FO reaches that for a good number of years, let alone someone in GA bashing around in a clapped out single or twin out of Ngukurr. Now tell me again how youíll pay it off in four years?
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Old 7th Jun 2022, 09:30
  #2838 (permalink)  
 
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Originally Posted by WannaBeBiggles
That level of ability to read government legislation with a 130k debt is worrying.

HELP loans top out at 10% of salary once you reach 141,848 (22-23). Not even a jetstar FO reaches that for a good number of years, let alone someone in GA bashing around in a clapped out single or twin out of Ngukurr. Now tell me again how youíll pay it off in four years?
A level 3 (entry level) Jetstar FO can quite easily and even over the past year can make 145k+.
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Old 7th Jun 2022, 10:00
  #2839 (permalink)  
 
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Originally Posted by Hawk Circle
This HERE the Best Advice available.
absolutely!!

My 12 year old son has just downloaded Flight Simulator and said to me, "your job is awesome dad." I immediately sat beside him and said, "Flying is alot of fun, but so is celebrating your birthdays, not stressing about all the stresses flying brings. If you want to fly do it as a hobby. Don't do it as a job, it's simply not worth it."

I should add, Ive been very fortunate and overall I've had a lot of fun, but would I do it again? HELL NO!"
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Old 7th Jun 2022, 13:41
  #2840 (permalink)  
 
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Originally Posted by Icarus2001
Itís not $175k for goodness sake. The living costs cannot be counted as you have to live somewhere, even mum and dad usually charge board.
The HECS is not paid upfront.
Leaving the $130k as about two years GA wages or one year as a jet FO. Not a bad deal. Qualify by 25 and you can look forward to 30-35 years of reasonable income, your lifestyle choice is up to you.

You lost me at ďmum and dadĒ

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