Revealing my BANKER SALARY for the first time

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  • Опубліковано 25 лис 2024

КОМЕНТАРІ • 1,1 тис.

  • @nischa
    @nischa  Рік тому +278

    📢STARTING NOV 22nd: Sign up to my FREE Making Money Workshop:
    nischa.me/makingmoneyworkshop
    I hope this encourages you to negotiate, get paid your worth and not be afraid to move if it comes down to it.

    • @Home-Artisan
      @Home-Artisan Рік тому

      wondering why I am seeing this video again what I watched and liked about 1 and half hour ago 👌

    • @MindfulJai
      @MindfulJai Рік тому +3

      Best video so far, defo more of these please.
      You're really improving even with the smaller things like body language too
      If I could make my channel half as good as yours, ill be very happy... you're an inspiration 😊🙌

    • @alinstoian9181
      @alinstoian9181 Рік тому +2

      Hell, what's there to be afraid of? I moved countries for a better job offer . That's the attitude I go with: Pay me for what I'm worth, or watch me say goodbye. Glad to see that I'm not just the designated A*hole for breaking the "Company Loyalty", but just someone who is more interested in looking after it's own self. Thank you for sharing, great advice as always :)

    • @powerhouse884
      @powerhouse884 Рік тому +4

      Nischa
      I work at a Bank as well, i left a comment on what i am currently doing. Please check it out.
      I think you should make a Video about that subject and HOW people can increase their own Monthly income to get ahead in life. Corporations don’t care about their employees as much as people think….. i have been subject to laid offs before in another Bank. They don’t care how good you are. They will drop you like a fly.
      I think people need to stop being frustrated over not getting a raise or being recognized by Corporations that never really cared in the first place. Some people get stuck in life waiting for a New position to open to earn more money.
      I started my Investment portfolio to complement my Monthly salary and increase my income on my own. I no longer wait for anyone else. I think people need to learn this cuz these companies don’t care about your future plans in life.

    • @crismejeli2082
      @crismejeli2082 Рік тому

      Thank you!

  • @rapidvtec
    @rapidvtec Рік тому +1337

    “Loyalty is great but only when it’s rewarded” 🏆

    • @hpLondon
      @hpLondon Рік тому +8

      Got to show loyalty first!

    • @joshdsouza2719
      @joshdsouza2719 Рік тому +5

      @@hpLondon loooool

    • @feitan8745
      @feitan8745 Рік тому

      @@hpLondontrue, but withdraw it when it's not rewarded.

    • @lttk1
      @lttk1 Рік тому +1

      Damn, totally agree

    • @jacksampson7711
      @jacksampson7711 Рік тому +9

      No such thing as loyalty these days. Companies can fire you anytime they want.

  • @aamie2389
    @aamie2389 Рік тому +555

    “You don’t get paid your worth, you get paid your ability to negotiate” 👏 saving this to my notes because it’s articulated what I’ve learned over a similar time frame in a similar field, both professionally and personally. I appreciate your candour and for curating a very special area of the internet 💙

  • @soniatosamadhi
    @soniatosamadhi Рік тому +939

    Being this transparent and vulnerable is so difficult, and yet it's such a gift to those of us watching. Thank you for doing this, Nischa

    • @andrewlong8398
      @andrewlong8398 Рік тому +14

      Agreed. What a gift for those of us watching to see such transparency!

    • @nischa
      @nischa  Рік тому +27

      I really appreciate this - thank you

    • @HongaarseDuif
      @HongaarseDuif Рік тому +8

      Vulnerable? Why?

    • @Ahru89
      @Ahru89 Рік тому +4

      Why do people always seem to care if others know their salary? What is so special about that.

    • @memorylane3457
      @memorylane3457 Рік тому +2

      @@Ahru89 People tend to compare their salary with their own worth.

  • @edenmccallister7447
    @edenmccallister7447 Рік тому +148

    The generation before us taught us that you absolutely NEVER discuss salary because it's in poor taste.... and that is why so many people have no idea what they should be making. Having conversations with co-workers about what they make has been life changing for me. Nischa, thank you so much for this. It needs to be normalized discussion. You're fantastic and I love your content. :-)

  • @rrkanji23
    @rrkanji23 Рік тому +58

    As someone who works in the Front Office in investment banking in Lon this was very refreshing to see. No one likes talking about the numbers of their salaries yet it’s what we complain about the most. Thank you for being brave, very informative- I’m forwarding this to colleagues.

    • @nischa
      @nischa  Рік тому +2

      thank you so much

  • @davidjackson2441
    @davidjackson2441 Рік тому +98

    I stayed with my last company for 18 years and it was a constant battle to be paid fairly. Despite being one of the most experienced team members I often learnt new starters were paid more then me and I had to train them! My advice to anyone now is to talk to your colleagues about salaries to ensure you’re paid in line with them and move jobs, it’s by far the best way to earn more and of course gain more experience. Regardless of how many times a company or manager tells you you’re valuable, an asset and all that fluffy rubbish, in reality you are a number on a balance sheet (a cost), and they’ll shaft you if they can.

    • @aim-for-greatn3z947
      @aim-for-greatn3z947 Рік тому

      Um doomed 😭😭😭the fact you spelled learned as learnt proves I'm not smart enough to have a high paying job.

    • @PetulaGuimaraes
      @PetulaGuimaraes Рік тому +2

      I hear you. Same here. I was the most experienced, accredited and knowledgeable member of my team and I was 30% under in salary. I quit during the pandemic and started my consulting business. It’s less certain, yet more rewarding for my brain and pocket.

    • @saharicoasis4083
      @saharicoasis4083 Рік тому +1

      I had the same situation.. I was recently laid off/fired/quit (super weird situation), it became toxic, but this taught me so much.
      dont stay at a job without either money or learning, dont stay in a place that cant give you what you want (money/title/tuition/XP), dont just go the paycheck route, be active in your career, dont get stuck.
      And the main one - its only your responsibility to find what is best for you and fight for your title and compensation.

    • @odugs
      @odugs 10 місяців тому

      @@aim-for-greatn3z947 “learnt” is correct tense. Unfortunately these days, so is “learned”

  • @nenuphar0722
    @nenuphar0722 Рік тому +30

    Dear Nischa, it is so refreshing to hear a woman talk about money in a positive, knowledgeable and confident manner. You are contributing to removing the taboo that surrounds money and the desire to make more. Thank you! A fan in Canada.

  • @km8827
    @km8827 Рік тому +188

    I dont even work in finance, but you are honestly such an inspiration. I love how you explain in simple terms and you are motivating me to make better choices

    • @nischa
      @nischa  Рік тому +6

      Thank you so much!

  • @BorisV8V
    @BorisV8V Рік тому +381

    This channel is a gold mine!

    • @nischa
      @nischa  Рік тому +31

      Thank you!

    • @farzana6676
      @farzana6676 Рік тому

      ​@@nischa You are so pretty. Let me take you on a date 😉

    • @andrewquint7962
      @andrewquint7962 Рік тому +1

      Terrible pun😅

  • @MyaBibra
    @MyaBibra Рік тому +119

    I think you did a great job here! We can tell it wasn't easy for you to put this content out, but you are helping so many people realise their worth! May your channel continue to thrive 🙏🏽

  • @irisflower9030
    @irisflower9030 Рік тому +197

    This is such an excellent advice! And I love that you’re transparent with your experiences. I work at a bank as well and see first hand how switching organizations can bump your salary significantly.
    Although I’ve had opportunities to switch and probably make more, I’ve stuck with my bank for reasons other than money (work life balance and career progression, among others).
    Another advice I would give is never stop learning and enhancing your skill set.
    Great video as always!

  • @rufdymond
    @rufdymond Рік тому +23

    Really good advice - I’ve worked in the tech sector for 30 years (software development) and without question, the largest salary increases I’ve had, have been when I’ve moved jobs.

  • @nutsbutdum
    @nutsbutdum Рік тому +38

    Thanks for making this video. Transparency earns you a lot of trust, believe me.
    A lot of channels on UA-cam speak in broad terms and the public is left wondering if they are not exaggerating or straight up lying.

  • @oliverpearson8418
    @oliverpearson8418 Рік тому +38

    I really applaud this video Nischa! I am currently an executive at a FTSE 100 company and I am in complete agreement that pay transparency is a systemic problem in the workplace. Also, I love the point about moving companies where you are undervalued. I think new job anxiety coupled with imposter syndrome is the main barrier to individuals achieving rapid career progression.
    Would love to chat about this if you have availability and are agreeable. Regardless, your channel is fantastic - please keep up the fantastic work!

  • @melodygardner
    @melodygardner Рік тому +47

    Transparency is wonderful and we appreciate the content you are creating. The car videos are eye-opening.

  • @twistychristie3611
    @twistychristie3611 Рік тому +64

    As a social worker and a uni graduate, I earn less than a third of that 😅. I’ve always known we were underpaid but this has really tipped the value scale… Thank you for sharing, invaluable advice. X

    • @darpanjain
      @darpanjain Рік тому +23

      I think you create a lot of value and you literally change lives. It is just that this world is designed in a weird way where what we value is often skewed.

    • @nikkijohnson5147
      @nikkijohnson5147 Рік тому +1

      It’s the same way in the U.S. where it’s incredibly expensive to get degrees and some fields don’t pay enough to cover the education cost. Social Work is one of the most needed jobs in society and should be more valued. The work you are doing is important and necessary.

  • @maharous
    @maharous Рік тому +83

    This is by far one of the best videos I came across in your channel. I usually do not comment but this content is so great that I could not stop myself. I really hope you and others do start creating such content so that it helps us in making informed decisions about our career.

  • @__TAYLORM__
    @__TAYLORM__ Рік тому +11

    “Loyalty is great, but only when it’s rewarded” what a sentence 👌🏼 that will stick with me forever! X

  • @RaviPatel-rz3lq
    @RaviPatel-rz3lq Рік тому +20

    We appreciate the transparency. It’s not an easy thing to do when you know your colleagues or family members will watch this.🙏🏼

  • @kirenvaljee2676
    @kirenvaljee2676 Рік тому +24

    First off, THANK YOU. I agree that being transparent about how much we are being paid for our labor (intellectual or physical) is crucial to not being taken advantage of. I, too, didn't learn to advocate for myself or even simply negotiate my job offers. I feel you about having your all your financials out there. That is really difficult thing to do. Have been enjoying the channel and advice. Thank you again!

  • @mattmurdoch4345
    @mattmurdoch4345 Рік тому +38

    I’m not in finance but moving companies can really increase you’re pay. I was at a company for 8 years, started on £26k and left on £38k. Since leaving there two years ago, I’m just about to start my second job since and salary is £60k base

  • @Prince_Sidon
    @Prince_Sidon Рік тому +158

    Amazing content Nischa.
    You're helping so many people around the globe. Please, never stop.👸 👑

    • @nischa
      @nischa  Рік тому +8

      thank you

    • @tigerbee-rp8le
      @tigerbee-rp8le Рік тому

      @@nischa Your content is amazing and the inside information is better and more realistic than the ranges of numbers online. Thanks for the amazing content Miss Nischa.
      I have a very desperate question. I am not allowed to work in anything that is involved with interest. However, I really want to work in finance with a high paying role. Do you have any suggestions for me?
      Also, I am just about to start my A-levels journey, is it necessary for me to have Economics as an a-level? I'm thinking of doing maths, biology and chemistry as these are the subjects I'm best in.

    • @cristinamendoza2032
      @cristinamendoza2032 Рік тому +1

      she definitely is!!!

    • @user-yf5je1dn1q
      @user-yf5je1dn1q Рік тому

      ​@@tigerbee-rp8leas a Muslim its much better to stay away from finance unless you work within Islamic banks that provide halal products

  • @KurtJuvyns
    @KurtJuvyns Рік тому +9

    Exposing your financial situation like this requires a lot of courage. Love it when creators like yourself push themselves beyond their comfort zone. This video will for sure make you even more trust worthy. Loved it! although i feel the catch/unclarity is now in your bonus package...

  • @lucienmoodliar193
    @lucienmoodliar193 Рік тому +4

    Your posts are so honest , transparent and informative. Usually most people are very secretive about their salary. Your information gives young incumbents information that they can use in assessing their own salary structures. I am retired but find your chats so interesting that I have introduced my sons , nieces and nephews to your platform. Thank you for your information and sincerity.

  • @PoojaPatel-gb1ji
    @PoojaPatel-gb1ji Рік тому +21

    Love this!! The most real video I’ve seen for a very long time. As a society, we’re taught to not talk about “money” like it’s a taboo subject. Thank you for educating us! You’re a true inspiration

  • @mali-hz4cb
    @mali-hz4cb Рік тому +11

    Thanks for sharing this, it puts things into perspective.
    I started much lower and was able to reach the same level as you from year 4. These were my salaries over the past 3 years:
    19500 8 months
    22000 6 months
    24500 6 months
    32500 4 months
    37500 8 months
    38500 4 months
    I became a qualified accountant 2 years in which is when my salary went to 37500. I'm leaving now and my new salary will be 52500.
    It's definitely best to move as I was being massively underpaid in my current company

  • @nx9537
    @nx9537 Рік тому +29

    Congratulations Nischa on the promotions and pay rises 👍👍 You should be proud of yourself and what you have achieved, in addition to your generosity of being so transparent and open with us all. Invaluable video that will help many people navigate the corporate salary game

  • @LalitDevraj
    @LalitDevraj Рік тому +15

    I think the fact that the range is super similar here in the US for the same type of job and title name (over the time span you mentioned, 2012 onwards) is so surprising to me personally.
    I'm in the same boat as you and i appreciate you sharing this type of info and know that a lot of impact is received through this type of sharing of knowledge Nischa 🙌

    • @nischa
      @nischa  Рік тому +10

      I thought the US pay was a fair bit higher - this is interesting!

    • @LalitDevraj
      @LalitDevraj Рік тому +1

      @@nischa Yes, the bonus structure can def. speak volumes when it does yet from a base salary perspective, surprisingly closer range than not!

  • @marissawendt
    @marissawendt Рік тому +15

    I LOVE when people share actual numbers. It’s so motivating to me especially when I know them. Idk why people r so secretive with it 🤷‍♀️ there’s no shame regardless how much or little u make . Thank u for the video ❤

  • @alexandrabrookhouse9654
    @alexandrabrookhouse9654 Рік тому +3

    Don't avoid videos like this in the future! This video is the epitome of feminine leadership, so soft and transparent. We need more of this!

  • @dodgyviper1496
    @dodgyviper1496 Рік тому +19

    Thank you for sharing something so personal and doing so in a mature and dignified manner. In a future video it would be great to see you discuss approaches to salary negotiation both in the context of remaining in a role and when moving roles/companies.

  • @marksmallwood4938
    @marksmallwood4938 Рік тому +7

    Thank you for being so transparent, it really should be encouraged more. I switched careers at 39 to try and earn more and for the first time ever I’ve had to renegotiate my salary every year for 6 years. Previously the salary in my old job was the same for everyone but increased each year for 10 years unless you got promoted. It’s been uncomfortable asking for more in my new field but I’ve justified it and thanks to your content found it much easier this year. Thank you Nischa.

  • @brokensythe
    @brokensythe Рік тому +9

    This is a really brave thing to do. Serious respect to you for putting this out there and being so transparent

  • @nataliarrogers
    @nataliarrogers Рік тому +14

    This is incredible. Thank you for being so transparent. You've helped me so much, and I've shared your wisdom with my friends too, and one of them just got a 20% raise because I told her to not be afraid to talk about her salary with colleagues.

  • @jamalparks1906
    @jamalparks1906 Рік тому +11

    Thank you for being transparent! This information is helping people worldwide and across many age groups! As someone who is 24 and still trying to figure out all this financially, it’s really helpful to hear you speak about this. Please keep it up!

  • @kellylee_p9076
    @kellylee_p9076 Рік тому +6

    Love this video SO much. I work in govt in Australia and we all know what each of classification levels are paid, knowing what we all earn is out in the open, makes it so much easier for people to discuss money and not be afraid to. Xx

  • @mikewazowski2306.-.
    @mikewazowski2306.-. 5 місяців тому +1

    I can imagine this video couldn't have been easy to make and put out there! But thank you so much for the transparency and honesty! Super happy you're getting the recognition you deserve especially watching the channel grow and you along with it! 🙌

  • @ladylocust1118
    @ladylocust1118 Рік тому +14

    I will join in the praise thanking you for sharing. Though I'm sure it was a difficult thing to do, real information is so valuable. I don't think anyone here doubts your intent &/or knowledge which renders it even more meaningful. I also love that you take things to percentages. It's such a valid way to evaluate numbers that many even among the financial world, don't do.

  • @megapangolin1093
    @megapangolin1093 Рік тому +6

    I am so completely impressed by your honesty, openness and candour, it takes great courage to do this and I wish that more would do what you have done and break the cycle of advantage-taking by employers. You present yourself as a consummate professional, and that, I am sure is what your employers see in your potential. Well done, many more like this, with real numbers please.

  • @randxalthor
    @randxalthor Рік тому +10

    Thank you for sharing your journey! It can be hard to open up to potential judgment, but the best thing that ever happened to my compensation progression was hearing from other professionals about what they make.
    My salary numbers as a US-based software engineer (not in silicon valley) roughly match yours, though we don't get large bonuses unless we're in HFT or similar. I nearly doubled my compensation in my first 4-5 years, and that never would have happened without jumping jobs.
    Of particular note, at least in my profession, is that you have to settle down for a bit when you want to transition to more senior levels and focus on larger-scale accomplishments over longer time frames.

    • @halfbakedproductions7887
      @halfbakedproductions7887 Рік тому

      The highest paid technical IT job I ever personally saw in the UK was a C++ developer, doing HFT systems in the London finance world.
      Basic salary was something like £600k (~$770k) with an On Target Bonus of up to something like 20%. You also got 10% pension contributions, shares, and the other gamut of standard benefits.
      I'd say that role and such high standards would mean only a near-enough literal genius would ever be hired. I'm 36 and if I was able to do that job for just four years and save/invest wisely, I'd probably retire from the tech world entirely.

  • @jeremyr8793
    @jeremyr8793 Рік тому +17

    I really love your channel and love how transparent you, we need more people like you. I would love to be making what your making, but you have put in the hard work and deserve it! Well done! I really hope you continue to succeed in your line of work and youtube and the other side hustles you have. Such a great inspiration to the nation of workers wanting better for themselves :)

  • @carolaflora
    @carolaflora Рік тому +34

    Great video, thanks for being so open! Could you make a video talking about negotiation skills ? Thanks again 🙂

    • @rosbernardosazon
      @rosbernardosazon Рік тому +2

      Yes to negotiating a salary! This is my favourite and most helpful video of yours so far, Nischa! I too work for a bank and a lot of the things you said resonate with me. Would love to learn how to negotiate my salary. I always go for the first offer thinking I might not get the job if I push for a higher one. Would love to get your thoughts and tips too!

    • @prime9048
      @prime9048 Рік тому

      How many years it took you to become CA

  • @lindsaywilson492
    @lindsaywilson492 Рік тому +17

    Great video, Nischa! 💜Would love to see one with tips on how to negotiate salary, both when entering a new organisation and navigating the one you're in. Thanks as always for the great content!

  • @scap11
    @scap11 Рік тому +14

    Thank you this helped a lot as a back office worker in the financial trade in London.. I’ve been trying so hard to get into front office but opportunities are not given as easily.. I find the hiring managers ‘friend’ always gets it.
    You’ve inspired me to not be afraid to perhaps consider moving jobs all together.
    For the salary and the work culture 🙏🏽
    Thanks for putting in numbers.. being a Brit that wasn’t an easy thing to do.

    • @halfbakedproductions7887
      @halfbakedproductions7887 Рік тому +1

      I work in the tech industry and our CTO pointed out that while it's easy to find tech talent in London, it's extremely expensive and the retention can be crap because it's so competitive. Hence he sees it as a false economy and points out tradeoffs that can be made.
      We're actively reducing hiring efforts in our London locations and are looking elsewhere. Birmingham has been quite fruitful so far.

  • @howardcrane5902
    @howardcrane5902 Рік тому +2

    Excellent information. I’m now retired (75 years old) and can say your experiences and advice are spot on. I began my career at a regional CPA (chartered Accountants) in San Francisco, CA, as a staff accountant in the tax department. Few of us would discuss compensation other than to say “if you don’t ask, you don’t get”. Knowing the total compensation package is, of course, necessary to evaluate the wisdom of a move. Other factors such as potential for advancement, broadening of experience and just a better “cultural “ fit, to name a few, are more difficult to measure but certainly factor into any decision.

  • @georgia.david124
    @georgia.david124 Рік тому +5

    Congrats for being so open and brave to talk about your numbers. if more people (especially women!) would be able to do this - it would result in more fair compensation and less pay gaps, whether they are gender gaps, race/ethnic gaps etc. you are right: the secrecy around salary brackets works against empolyees. thank you, brilliant content.

  • @OneAndOnlyMe
    @OneAndOnlyMe Рік тому +2

    This was a great video. Refreshing to see someone honestly share this finances. I worked at JP Morgan in London (mid-office IT) at the turn of the century and it was a great learning experience, and I was fortunate to have worked with honest and open people who shared their wisdom about moving jobs being the fastest way to increase salary.
    The longest I've stayed in a job was 9 years, however, it was a consultant role with lots of jetting about Europe involved, which meant I got to live mostly on expenses so my salary was just going into my ISA and shares. About to move jobs again, possibly for the last time, to a salary of £110,000, and I'll probably only do that for a couple of years and retire (in my very early 50s).

  • @alastairwl
    @alastairwl Рік тому +11

    Great insights, thanks for sharing! As a software developer with a list of project ideas as long as my arm and a tendency to procrastinate, your channel is invaluable, motivating and always providing an interesting watch!

  • @emehbandana
    @emehbandana Рік тому +1

    Please do keep sharing videos like this! We need more people being transparent about income, salaries, general costs of things. Your channel is very appreciated!

  • @adelinejay7161
    @adelinejay7161 Рік тому +13

    Can you do a video on how to negotiate? Thank you so much for this video! ❤

  • @D-ei1pc
    @D-ei1pc 8 місяців тому

    This is one of the best financial advice channels or media, I've seen, simply for the fact that she does a great job of giving real, relatable advice in a short period of time. Many other financial sites give vague, not really relatable, advice on how to get wealthy.
    Many popular financial advice programs give the tired cliché of stop wasting money on coffee. Also, they don't really say how they became wealthy. She literally said how she made more money by switching companies and in other video, I believe, she mentioned she lived with her parents for a bit to save money. That truly is helpful and practical advice.

  • @Kyla94934
    @Kyla94934 Рік тому +9

    Thank you for your transparency, I think this will help a lot of people. I know it wasn't easy to do

  • @DarkFruitTT
    @DarkFruitTT Рік тому +1

    You were already in my top 3 of financial advise channels, you've now become No.1

  • @kamaniwilliams1738
    @kamaniwilliams1738 Рік тому +5

    Appreciate this Nischa - as a graduate consultant in London this means a lot!

  • @brendacollins406
    @brendacollins406 Рік тому +1

    Salary transparency is incredible valuable, particularly for women. Thank you 👏
    I negotiated on my salary for a promotion last year for the first time *ever* (I was in my mid-30s by then), and it’s definitely worth doing. It’s definitely also worth moving around - either within the organization (if it’s a large one) or to a completely different organization. You can command far greater earnings this way, and this things have tremendous impact on your long-term financial health and career progression.

  • @solj3322
    @solj3322 Рік тому +4

    Nischa, I am a recent subscriber and want to say thank you for your honesty, transparency, and vulnerability with opening up about your salary in addition to making ok to move from one organization to another if you are not being paid your worth. I would definitely appreciate more of these types of videos in addition to your other content, I find it to be incredibly helpful! Thank you again for the amazing content, I truly appreciate it! 😊

  • @BreakMan630
    @BreakMan630 Рік тому +1

    that is the definition of real talk
    I hope that this form of transparency spreads around (including where I work!)

  • @GHOSTDO_25
    @GHOSTDO_25 Рік тому +1

    Really like this for someone who’s trying to go from middle to front office! I wish you more success.

  • @BhupinderSiran
    @BhupinderSiran Рік тому +6

    You honestly and transparency is inspiring. I’m not in banking but this is really thought provoking and has made me reflect on my own career.

  • @alexandraturnwald2286
    @alexandraturnwald2286 Рік тому +1

    Very well done, Nischa and equally well explained. I am 62 and retired now and circumstances back then were not directly comparable, but the main point is that you need to find someone to discuss such topics with openly - as counterintuitive this may seem.
    I would also like to mention that your authenticity struck me most - it follows that if you tried to hold back it wouldn't play out as well for you and on the other hand that you will always be strong enough to handle any issues that arise from your decision to open up.

  • @theluschmasterinc
    @theluschmasterinc Рік тому +5

    I have to say, this is truly inspiring! Your transparency and willingness to discuss the importance of negotiating and being paid what you're worth are invaluable lessons. Thank you for sharing your story and encouraging others to evaluate their worth and make informed decisions. Your video is a fantastic resource, and I believe it will inspire many to take the necessary steps towards a rewarding and fulfilling career. Keep up the great work!

  • @irnbrucake
    @irnbrucake Рік тому +1

    Thank you for being so honest! I used to work at a bank and it really was a case of negotiation like you say. I was part of a graduate scheme and we all talked about money with each other which I think really helped as we started to get paid differently. Now, a lot of us work at different companies and share our salaries still and it's a good indicator of how well you're being compensated, and allows you to consider would you be better off moving somewhere else. I currently work somewhere that doesn't pay as much as I know I could get, but I've stayed for the culture and the work life balance. This content is super interesting and you are very well spoken and always giving good advice 😊❤️

  • @GreenWaifu
    @GreenWaifu Рік тому +4

    Wow, thank you for your incredible transparency and sharing your journey as a banker. It takes courage to open up about such a personal aspect of your career. Your willingness to share your salary is not only refreshing but also empowering. It allows aspiring individuals, like myself, to gain a deeper understanding of the financial landscape in the banking industry and the potential for growth.
    This revelation sparks thought-provoking questions about financial fulfillment and success. What metrics should we use to define our own financial goals and measure our progress? How can we strike a balance between pursuing a rewarding career and maintaining a fulfilling personal life?
    I'm eager to learn more about the lessons you've gained throughout your journey and the insights you can offer to those of us aspiring to excel in the world of finance.
    Thank you for your transparency and for being a source of inspiration. Your openness encourages us to have honest conversations about money, career choices, and achieving our financial goals. I'm excited to continue following your journey and learn from your expertise.

  • @SuperLeonDenny
    @SuperLeonDenny 8 місяців тому

    Great video and tremendous props for revealing your true salary. There's definitely something to be said about not being afraid to move companies, as you can get too comfortable. I started as an apprentice at one company and an employee told me at the time that as you start as a junior, you'll always been seen as a junior and that has always stayed with me. You have to move around to find the correct lifestyle for you and whilst not being cocky it's also important to know your worth! Loyalty works both ways and all too often employers take advantage of their employees not realising or are being naive to the real competitive salaries being offering elsewhere. So it does pay to have your wits about you and know your worth / market rate etc.

  • @ChroniclesOfV
    @ChroniclesOfV Рік тому +3

    I wanted to convey my appreciation for you sharing this information so publicly. It's refreshing and as someone living in the UK, it feels more relevant than any US based YTer sharing this.
    Having been a medical doctor in the NHS since 2020, I can't even begin to imagine receiving these sorts of numbers, especially for the hours and lifestyle of a trainee, and it genuinely has me wondering whether I should enter a field such as finance and go back into education for it.
    What is the work lifestyle like for you (geographical opportunities, hours, WFH etc) and what training/degree/qualification is required to go down this route?

    • @connorb5824
      @connorb5824 Рік тому

      The world needs more doctors and less bankers.

    • @trislanderadventures7831
      @trislanderadventures7831 Рік тому

      Fair thing to wonder, but remember that there is nothing noble whatsoever about investment banking, whereas being a medic is something where you can truly benefit others.

  • @MyPokebros
    @MyPokebros Рік тому +1

    I don’t understand why people wouldn’t want to share what they earn and how they got there. Don’t get me wrong, if you don’t want to that’s fine but it really helps uplift people and makes the whole world of work seem so much more accessible.
    My mum and dad split when I was younger and my mum became a single mum working at bars part time. My view of money was that it’s almost
    impossible to make more than minimum wage. It was so eye opening and helpful when I saw my friends actually make good salaries and help me understand that I shouldn’t be afraid of asking for more than minimum wage, as I thought it was greedy.

  • @vijayshah4880
    @vijayshah4880 Рік тому +6

    NISCHA, You have boosted me to upgrade my income. Wish you were born before me.

  • @samfernandes50
    @samfernandes50 Рік тому

    You don’t get paid your worth, you get paid your ability to negotiate! I am taking this away with me! Love this, will use it!

  • @jollyjames30
    @jollyjames30 Рік тому +6

    Can you also do an update on your UA-cam earnings with 550k subscribers? People would love to see that.

  • @MrTobirama
    @MrTobirama Рік тому +1

    I don’t know what but your British accent, simple dialogue, beautiful face and matured/experienced way seemed to convince me to finish the video, but it raised a big question in mind….How do you know when is it the right time to negotiate and how do you negotiate a pay rise.

  • @ChristianBroad
    @ChristianBroad Рік тому +4

    I've recently changed career paths entirely and feel like I'm starting from scratch - this gives me so much hope that hard work, time and negotiation can make me feel like I'm being paid my worth. thank you for your transparency and guidance as always!

  • @lolzorkont
    @lolzorkont Рік тому +2

    Since we are sharing.
    My salary after college was:
    Year 1: € 35k
    Year 2: € 40k
    Year 3: € 50k
    Year 4: € 65k
    Year 5: € 75k
    First two years i worked as an Account Executive and year 3 and 4 I was a Consultant at a global research and strategy firm. halfway my 5th year I switched jobs and joined a major FMCG retailer in their corporate strategy team as a Strategy Advisor.
    I live in the Netherlands and my monthly fixed cost is about 1400 euro. This includes everythign like insurance for my car, myself, and gas, water, grocery, mortgage, etc.
    Hope this is interesting or helpfull.

  • @Isham246
    @Isham246 Рік тому +3

    Hi Nischa, great content. I would love if you could do a video on how to negotiate your pay. I’ve seen lots of them mentioning this but no one has said what strategies to use when having this conversation to highlight your worth for that pay rise. I was loyal to one company for almost 8 years but had such poor pay increases over the years and then moved to another company and got a 50% pay rise.

  • @ephraimjosiahotto4066
    @ephraimjosiahotto4066 Рік тому +1

    its really helped given as most people in the uk actually don't talk about their salaries in their respective fields and even when they do, they never fully go in-depth, total comp, sign bonuses, etc as a student going into his final yr mech eng this was really helpful.

  • @lastyrsman
    @lastyrsman Рік тому +4

    Brave and Amazing of you - thanks Nischa

    • @lastyrsman
      @lastyrsman Рік тому

      I should add because you ask at the end if this is the kind of content we want - YES. All your content is good, but many if not most folks trying to give advice operate with completely hidden numbers assuming seven figure salaries or are so general the advice doesn't hit. Sharing real numbers helps SO much. Thank you.

    • @nischa
      @nischa  Рік тому +2

      @@lastyrsman i appreciate this, thank you so much!

  • @AR-pb2zh
    @AR-pb2zh Рік тому +1

    I think this is spot on. Please keep sharing these messages. I am currently going through this with a company I have been with for 25 years and zero growth after my last 6 years. So I have 12 years to left before I plan to retire and I need to make some jumps. Don't ever wait too long to shift. This is advise I am definitely going to give my kids. NEVER stay at a company more than 5 years. Look for other opportunities. I take some comfort in knowing my older brother suffered the same consequences until he got laid off...only to have maximized his earnings after 5 years of extreme struggle. So it's also never too late :)

  • @Alt-Income
    @Alt-Income Рік тому +7

    Had a brief moment of pride thinking your banker salary is relatively similar to my salary as a Big 4 Auditor at almost all stages.... then I realised the bonus was missing 😉
    Great Video!

    • @nischa
      @nischa  Рік тому +2

      It does make a difference, that said - there was a year where I (and the rest of the bank) got zero ... so it does massively fluctuate!

  • @hustensaftvernichter3785
    @hustensaftvernichter3785 Рік тому

    You've done well for yourself, Nischa. I know plenty of people who have been shot at for significantly less pay than what you make, and I like that you are (from what I can tell) transparent, honest and grateful for this very privileged position you are in. Hopefully, you never unlearn that trait.

  • @niklaus009
    @niklaus009 Рік тому +3

    Brilliant! Hats off to you and you are so inspiring!
    I’m wanting to move jobs but tied down to localised regional areas due to visa restrictions and lack of career progression opportunities to a managerial role. I work at a startup company and they dont exactly hand out pay raises. I feel stuck in my job.
    Could you please do a video on salary negotiation??

  • @Zgf72
    @Zgf72 Рік тому +2

    Thank you for being so transparent with your professional life and all the wisdom you impart!

  • @justsa25
    @justsa25 Рік тому +5

    Hi - Loved this video! Can you do a video on Pension contribution and if it is worth it and how tax efficient it is? Would be so beneficial :)

  • @suhailjohn4011
    @suhailjohn4011 Рік тому +1

    Expat recently moved to London in corporate. This video was extremely helpful and truly commend the transparency and outright courage in making a video like this. Very eye opening to pay scales and the reality of working in London corporate. Really appreciate this video!

  • @TheSpokaneAurora
    @TheSpokaneAurora Рік тому +4

    I have to say, you've taught me a lot by sharing your views of money.
    If I may, I'd like to say it's been quite useful - in general - just stumbling across your channel. Learning how to spot an opportunity and how to negotiate a better deal helped me as recently as this last month with an over 80% payrise by seizing an opportunity down the street. And it came with benefits! (The jobs here in America are... at this point, frankly Dickensian 😅)
    Anyway. I hope this message finds you well and I hope that you keep doing what you're doing, because it really is appreciated. 😊

  • @susanfinkelstein1176
    @susanfinkelstein1176 Рік тому

    your disclosure will help a lot of people make life decisions. Your honesty and candidness much appreciated.

  • @MisterM2402
    @MisterM2402 8 місяців тому +18

    Did I miss something? Or did she not actually reveal her salary? She talked about her previous salaries and then just said "I got another pay rise", so no mention of her actual current salary. And being vague about bonuses makes the video even less transparent.

  • @markjeppo
    @markjeppo 10 місяців тому

    Not seen any of your videos before. These kind of videos are so important and I appreciate your transparency and honesty. Very helpful to younger people trying to make their way in the world, whatever profession they choose to follow. Negotiation, leaving a job or moving elsewhere can be disruptive experiences, but these are absolutely necessary for anyone who feels they are not getting paid what they are worth. My profession has been less open to negotiation (public sector pay scales) but even then it's possible to negotiate workload, deployment, extra payments etc. ultimately the best suggestion is to move elsewhere to get what you feel you deserve.

  • @rusaliagumerova33chingizhan
    @rusaliagumerova33chingizhan Рік тому +1

    You are as good as gold, honest and well spoken. Thank you for sharing this video.

  • @nocapchristian7461
    @nocapchristian7461 Рік тому +1

    This transparency is amazing! Thanks for sharing, it shows what’s possible.

  • @Id1126574
    @Id1126574 Рік тому +1

    I’m a headhunter and have my own firm since 2009, this video is brave and hugely beneficial for many people

    • @Jake82822
      @Jake82822 Рік тому

      Medical doctors have it rough. Here I am on a £120,000 loan while only earning £56,000 a year as a ST3 Pediatrics Trainee Doctor.
      This is after 6 years of medical school education, and 5 years of work experience . (2 years as foundation doctor, 3 years as Pediatrics trainee doctor)

  • @pecelirovucago7149
    @pecelirovucago7149 Рік тому

    Commitment is a key element of success , you are bold and confident !
    I am 81 years and still learning , thank you so much for sharing .

  • @narnasqueneth
    @narnasqueneth Рік тому

    Thank you for your bravery in choosing to be transparent. I'm also happy for you when I think about how far you have come; what a journey. Hopefully you're feeling more fulfilled and wishing you all the best!

  • @petraat8806
    @petraat8806 Рік тому

    Thank you for being so transparent and honest people don’t usually do this, we thank you for being so selfless and brave 👏🏾

  • @LE-jr2fy
    @LE-jr2fy Рік тому +1

    I applaud your transparency. Only through this type of content and further discussions will people realise the importance of negotiating and knowing what you are worth salary wise. Thank you!

  • @serenazito4738
    @serenazito4738 Рік тому

    Is extremely difficult find people in uk having this kind of honest salary insight, thanks a lot, you are incredibly helpful.

  • @bluecrusader
    @bluecrusader Рік тому

    Respect for being candid and transparent, I'd say these videos are a net positive in terms of people seeing what's possible or standard in different sectors and industries and was interesting to learn.

  • @Rob_Smith_golf
    @Rob_Smith_golf Рік тому +1

    The opportunities that are available to this generation are just breathtaking

  • @toyinokon8047
    @toyinokon8047 Рік тому

    Thank you for sharing, the comment “you are paid by your ability to negotiate” really resonated with me. No one likes to start over but sometimes that is the only way some will ever get their worth. I appreciate your transparency and look forward to more helpful information. Keep up the good work!

  • @nikkibott3878
    @nikkibott3878 Рік тому

    The transparency is very much appreciated. You’re right that us British people don’t discuss money openly normally, which I’ve always found weird given how much of the rest of our life we share.

  • @AFM515
    @AFM515 Рік тому

    This is really helpful Nischa. We are not allowed to discuss our salary at work. I have been that person who is highly competent and doesn't get a raise. No longer will I be loyal to an employer. Family first. This mentality landed me a 33% payrise in an area where I was unskilled & had the opportunity to challenge myself. I've outperformed expectations and have already planted the seed that I will stay for now while I am still learning and after that, only if the salary is reviewed and remains competitive. Working in a different sector has afforded me an attractive mix of skills and I now get a wider range of offers. This means when I want to move on, I can easily do so. Highly recommend upping and leaving when you stop learning or earning well for the value you provide. You aren't wedded to your employer!