VCE Year 12 Class of 2015

[odeaa]

Could not recommend teaching more. Good on you!

Personally i'm conflicted because what I want to study (investment banking) has a better income outlook, but really, quote famous chinese teacher:

'Everyone wants great teachers, but how can there exist good teachers if students don't learn it?'

After experiencing 4 years of a variety of teachers at a private school, i'd confidently say that the best teachers can influence your study score +- 5 towards the high end. It's that big.

All the best man, hope to see you at a prestigious private school/top public school soon (or maybe you might be the kind who'd rather significantly influence the schools where not everyone has such privileges).

thanks man, that was actually really inspiring! I agree, having bad/good teachers makes a huge difference, not just in how you learn the content but in the support they offer you throughout the hard times of VCE (and schooling in general)

I think while teaching has a typically lower income, because of the (relatively) good hours, you can work outside of class, writing textbooks/exams, tutoring or even working a side hustle- one teacher at my school owns a very successful picture framing company on the side

To prove that teachers can make money, my physics teacher somehow owns several sports cars, a few beachhouses and travels internationally all the time (pretty much has enough money and time as he needs to just enjoy his life). This is because he writes textbooks, drops into monash for the occasional lecture and also runs the neap physics lectures. Considering the hours he works (would rarely see him at school past 3:10, marks all sacs in lunchtimes and spares), that is crazy good money. That being said, he has been teaching for 40 odd years and you can't just write textbooks from day 1, but still proves that teachers can make money if thats what they want to do

I think in writing all this out I've just convinced myself to be a teacher! ahaha

[cosine]

Dent at Latrobe, then engineering/commerce at Monash followed by commerce at melbourne.

Nice man, good on ya!

[cosine]

Unfortunately I have my Spesh Analysis SAC starting tomorrow . I've practically dedicated most of my study time recently for it but I'm still hella nervous and not confident at all. I just don't want to do terrible and lose all my motivation for the rest of the year.

How did it go man!? xD

[Orb]

thanks man, that was actually really inspiring! I agree, having bad/good teachers makes a huge difference, not just in how you learn the content but in the support they offer you throughout the hard times of VCE (and schooling in general)

I think while teaching has a typically lower income, because of the (relatively) good hours, you can work outside of class, writing textbooks/exams, tutoring or even working a side hustle- one teacher at my school owns a very successful picture framing company on the side

To prove that teachers can make money, my physics teacher somehow owns several sports cars, a few beachhouses and travels internationally all the time (pretty much has enough money and time as he needs to just enjoy his life). This is because he writes textbooks, drops into monash for the occasional lecture and also runs the neap physics lectures. Considering the hours he works (would rarely see him at school past 3:10, marks all sacs in lunchtimes and spares), that is crazy good money. That being said, he has been teaching for 40 odd years and you can't just write textbooks from day 1, but still proves that teachers can make money if thats what they want to do

I think in writing all this out I've just convinced myself to be a teacher! ahaha

Yeah, no, I completely understand the fact that they can have a really solid income. I tend to find teachers to be one of the most altruistic occupations, simply because you're spending your life helping others lay their foundations and get better, it's quite heartening in this world of pessimism!

I was referring to the sort of gap between the top 1% of each occupation (I tend to find that teachers are probably restricted to maybe something like $1-2mill per year? which is fantastic by nearly all standards but we're still young, so i'm aiming a bit high).

At the same time, there's plenty of extraordinary teachers who could make significant money if they just decided to tutor students or create a tuition company (they'd definitely be full). The fact that they choose to stay at school despite the pay gap is really something I admire, personally.

Screw the stupid asian expectations of being a doctor and studying medicine or being a lawyer. Parents want the best for us, but sometimes they have the most closed mind of us all :3

And there goes my philosophical vent HAHA

[Redoxify]

one quote springs to my mind when I read the posts on this thread

very simply "be the change you want to see in the world"
You want to help cure people, do it
You want to work for a big company, do it
You want to be an influence on the next generation of students, do it

Don't follow the expectations of any other person, be what you want to be!
We are so lucky to have a vast amount of options readily available, while others fight for such privileges

btw this thread iz mi lyf <3, ily all of you

[grannysmith]

I was referring to the sort of gap between the top 1% of each occupation (I tend to find that teachers are probably restricted to maybe something like $1-2mill per year? which is fantastic by nearly all standards but we're still young, so i'm aiming a bit high).

Hm, I don't know about that (my parents are secondary teachers so I get a little insight ). Principals obviously get the most (probably maxes out at ~200k). Probably more at private schools.

But the most experienced teachers (at government schools anyway) typically earn 90-100k.

Besides, it's not even about the money man. If you want lots of dough you really need to be into the business/investment side of things.

[tashhhaaa]

I don't even know anymore honestly

I wanted to put monash mbbs down but even though I'm doing the UMAT I probably won't, so it'll be science at melbourne, law/science at latrobe and biomedical science of some sort at monash or rmit :s

[IndefatigableLover]

Hm, I don't know about that (my parents are secondary teachers so I get a little insight ). Principals obviously get the most (probably maxes out at ~200k). Probably more at private schools.

But the most experienced teachers (at government schools anyway) typically earn 90-100k.

Besides, it's not even about the money man. If you want lots of dough you really need to be into the business/investment side of things.

Definitely agreed and the ones that earn more will be ones who work for outside companies writing trial exam papers (~$2500 per exam) or doing tutoring once they're established as a teacher (E.g VCE Assessor, teaching at good school etc.) and charge heaps on-top like $70+ per hour.

Though if you're into getting a lot of money and heading down the business/investing path then you have to consider whether the hours worth it or not. If you're into investment banking (front-office) then you're pretty much on call so if anything happens at night and they ring you at 1am or something then you have to head off to work not to mention work isn't your typical 9am-5pm day too (shifts can last up to 16 hours during your first few years as an analyst for investment banking but goes down after a while).

[tashhhaaa]

Definitely agreed and the ones that earn more will be ones who work for outside companies writing trial exam papers (~$2500 per exam) or doing tutoring once they're established as a teacher (E.g VCE Assessor, teaching at good school etc.) and charge heaps on-top like $70+ per hour.

Though if you're into getting a lot of money and heading down the business/investing path then you have to consider whether the hours worth it or not. If you're into investment banking (front-office) then you're pretty much on call so if anything happens at night and they ring you at 1am or something then you have to head off to work not to mention work isn't your typical 9am-5pm day too (shifts can last up to 16 hours during your first few years as an analyst for investment banking but goes down after a while).

I'm really clueless regarding business-related careers but if you wanted to go down this path would it be a bachelor of commerce or something to begin with?

[cosine]

I don't even know anymore honestly

I wanted to put monash mbbs down but even though I'm doing the UMAT I probably won't, so it'll be science at melbourne, law/science at latrobe and biomedical science of some sort at monash or rmit :s

How come everyone/most people turn down biomedicine? Seriously, is science better than biomed or is biomed just too hard? What even is the major difference between the two?

[Orb]

Hm, I don't know about that (my parents are secondary teachers so I get a little insight ). Principals obviously get the most (probably maxes out at ~200k). Probably more at private schools.

But the most experienced teachers (at government schools anyway) typically earn 90-100k.

Besides, it's not even about the money man. If you want lots of dough you really need to be into the business/investment side of things.

Yeah my point was that teachers don't earn that much.

The $1-2m figure is what the top teachers earn when they operate tuition companies. Some companies operate with fees in excess of $1000 a term or $1500 a semester and their classes contain over 30 students.

Definitely agreed and the ones that earn more will be ones who work for outside companies writing trial exam papers (~$2500 per exam) or doing tutoring once they're established as a teacher (E.g VCE Assessor, teaching at good school etc.) and charge heaps on-top like $70+ per hour.

Though if you're into getting a lot of money and heading down the business/investing path then you have to consider whether the hours worth it or not. If you're into investment banking (front-office) then you're pretty much on call so if anything happens at night and they ring you at 1am or something then you have to head off to work not to mention work isn't your typical 9am-5pm day too (shifts can last up to 16 hours during your first few years as an analyst for investment banking but goes down after a while).

Tutors don't even earn that much in the grand scheme of things. The people that earn the most from the education industry are probably the people who run places like TSFX

I'm really clueless regarding business-related careers but if you wanted to go down this path would it be a bachelor of commerce or something to begin with?

BComm at Melb is a pretty stock standard path as they come

[tashhhaaa]

How come everyone/most people turn down biomedicine? Seriously, is science better than biomed or is biomed just too hard? What even is the major difference between the two?

I know I won't get the ATAR and also the whole compulsory subjects thing is really unappealing to me. Science seems a lot more flexible and I can choose things I'm actually interested in (not obscure shit like 'physics for biomedicine')

edit:
as for the differences between the two, I'm not entirely sure but as I said before biomed has compulsory subjects otherwise they are very similar (some of the majors are available in both degrees so you could essentially mirror the course of a biomed student in a science degree)

someone please correct me on anything above that is wrong

[IndefatigableLover]

I'm really clueless regarding business-related careers but if you wanted to go down this path would it be a bachelor of commerce or something to begin with?

Yeah a Bachelor of Commerce is a good place to start though there are other business related courses too such as Economics and Business to name a few! Though you don't necessarily need a business degree to work in business provided you have the "skills" that can help you in your field (such as quantitative skills learnt in Engineering can be applied in Commerce which would be a handy skillset to have).

Tutors don't even earn that much in the grand scheme of things. The people that earn the most from the education industry are probably the people who run places like TSFX

Eh there are a few (albeit not a lot so yes I do agree) who would be able to earn quite a bit just from tutoring without running places like TSFX (see Derrick Ha as an example).

[tashhhaaa]

Yeah a Bachelor of Commerce is a good place to start though there are other business related courses too such as Economics and Business to name a few! Though you don't necessarily need a business degree to work in business provided you have the "skills" that can help you in your field (such as quantitative skills learnt in Engineering can be applied in Commerce which would be a handy skillset to have).

hmm ok, so what do investment bankers, analysts etc actually do?
like I said I know nothing about business careers (the bulk of my procrastination has been spent researching science/medical careers lol)

[IndefatigableLover]

hmm ok, so what do investment bankers, analysts etc actually do?
like I said I know nothing about business careers (the bulk of my procrastination has been spent researching science/medical careers lol)

Ah so basically Investment Banking in a nutshell is banking and financing for corporate clients who are looking to raise funds in capital markets. Generally speaking, you'll be looking at banks which are above the "Big Four" (Commonwealth, ANZ, NAB, Westpac) to banks such as the Reserve Bank and UBS.

As an analyst, there's plenty of sectors to work in (personally I'm not interested in the "front office" side of things when it comes to IB but the Equities side of the "front office"). So as an analyst in Equities (Research), you'll combine calculations and analysis through valuation techniques where you'd have the ability to identify trends and make recommendations to institutional investors based on having a detailed understanding of industry sectors and the companies operating within. This "knowledge/information" you'd then sell to potential clients (an example would be the merger between Westpac and St. George where an investment bank oversaw what was happening between the two if I recall correctly).