£3300 pa for 5.5 years
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£3300 pa for 5.5 years
In late 1999 I posted on here wondering whether or not to switch jobs and become an airline pilot.
Here's some basic maths for any wannabe's.
I went to Oxford and did the ab-initio course. It took a few months, but I got a job with a turboprop airline (no outlay, but just a bond).
After a year and a half I got a job with a large loco, where I paid for their training.
If I take my total earnings (net) from this 5.5 year period, and subtract the two cheques I had to write for training, then I have taken home:
£18,500.
Over 5.5 years that's £3,300 a year.
Out of that I've had to pay for all my normal accomodation and living costs.
Just so you guys know (and I reckon I've been one of the luckier ones on my course at Oxford).
Stu
Here's some basic maths for any wannabe's.
I went to Oxford and did the ab-initio course. It took a few months, but I got a job with a turboprop airline (no outlay, but just a bond).
After a year and a half I got a job with a large loco, where I paid for their training.
If I take my total earnings (net) from this 5.5 year period, and subtract the two cheques I had to write for training, then I have taken home:
£18,500.
Over 5.5 years that's £3,300 a year.
Out of that I've had to pay for all my normal accomodation and living costs.
Just so you guys know (and I reckon I've been one of the luckier ones on my course at Oxford).
Stu
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if i took my net pay from the last 5 years, took off the amount i spent on beer, kids, motorbikes, waterskiing, overseas travel, widescreen tv's, and a bit of flying i'd have, well, NOTHING!
the question to ask is, are you enjoying yourself?
if yes, then what is the problem?
if no, then move on.
the question to ask is, are you enjoying yourself?
if yes, then what is the problem?
if no, then move on.
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Stu, interesting!
Maybe it might save a wannabe's career if you can share with us any money-mangement strategies you developed over the last 5.5 years?
But did you really live on *this* money?
I mean, you weren't getting paid £3,300pa during your training - how did you survive then? And... you havn't been living on £3,300pa since finishing training, have you? The only reason I pick up on this is that as a student I know how having nothing one month is OK but the following month you might need everything you can scrape together, so whilst actually living on £3,300pa may be hard for 5.5yrs, living on less during training and more during employment might actually be easier.
Maybe it might save a wannabe's career if you can share with us any money-mangement strategies you developed over the last 5.5 years?
But did you really live on *this* money?
I mean, you weren't getting paid £3,300pa during your training - how did you survive then? And... you havn't been living on £3,300pa since finishing training, have you? The only reason I pick up on this is that as a student I know how having nothing one month is OK but the following month you might need everything you can scrape together, so whilst actually living on £3,300pa may be hard for 5.5yrs, living on less during training and more during employment might actually be easier.
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No, you need a huge wedge of cash (or a huge loan) to start with.
Assume you can live on £12,000 a year.
For the first 2 years you will need £24K living + £46K training. That's £70K.
Then my earnings at the TP airline paid for my living, and I could save £500 a month. So after a year, £6K saved.
Then you need £28K for easyJet. £23K for the cheque and £5K to live for 3-4 months and pay for relocation to somewhere random in Europe.
So at the start you need £70K - £6K + £28K. That's a cash requirement of...
£92,000
Of course, if you feel you can live on £700 a month, then you only need...
£84,000
After the 5-6 year break-even time, you will be left with a job that pays £2800 a month. Of course, you will need luck and a bit of skill - some guys on my course at Oxford never made it.
Stu
Assume you can live on £12,000 a year.
For the first 2 years you will need £24K living + £46K training. That's £70K.
Then my earnings at the TP airline paid for my living, and I could save £500 a month. So after a year, £6K saved.
Then you need £28K for easyJet. £23K for the cheque and £5K to live for 3-4 months and pay for relocation to somewhere random in Europe.
So at the start you need £70K - £6K + £28K. That's a cash requirement of...
£92,000
Of course, if you feel you can live on £700 a month, then you only need...
£84,000
After the 5-6 year break-even time, you will be left with a job that pays £2800 a month. Of course, you will need luck and a bit of skill - some guys on my course at Oxford never made it.
Stu
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That goes a bit alongside with my post last week. As Stu said, apart from skills it takes luck. I guess for a bachelor a 1000 quid's a month is enough. A cheap apartment and the rest is beer and some food. It becomes more difficult with a kid and even more so with a wife.
I'm almost done repaying my training loans – paying since mid 1999!
If your willing to take such large amounts of cash and convert it into a license to fly airplanes bare in mind that you might not find an employer to assure your living even if your a really thrifty guy/gall!
I'm almost done repaying my training loans – paying since mid 1999!
If your willing to take such large amounts of cash and convert it into a license to fly airplanes bare in mind that you might not find an employer to assure your living even if your a really thrifty guy/gall!
