Most placements are in London, and unless you’re lucky enough to already live there, you’re more than likely going to be looking to move to the city. One of my friends from uni who also accepted a placement at BBC Worldwide got a flat in central London for £1250 per calendar month. That’s £625 each. Working out how much you can afford to pay each month and therefore what minimum salary you need is almost as important as the job itself.
Placement salaries can be anywhere between £10,000 and £26,000. You can work out how much of this you would see each month after tax by using the online tax calculator.
It’s advised that your rent is no more than half your take-home each month, and ideally less than half. Don’t forget you can still apply for your student loan for your placement year, it’s not as much as normal but it still helps if your salary isn’t very high.
You can apply for a student oyster card which gives you discounted travel costs. You can top up for unlimited use in particular zones and see the prices here (remember to minus 30% if you’ll be using a student oyster card!)
If you’re planning to travel across the country, be it back to uni, visiting friends or family, check out discounted travel on megabus, try and book early so you don’t have to travel at insane times!
We lived in central London and the rent was insane, don’t forget you’ve got bills on top of that but you are exempt from council tax – just don’t forget to email your certificates over to the council to prove it! With the discounted oyster card, it’s probably cheaper to live slightly further out and pay for more zones travel. It is also cheaper to move into shared accommodation than live with a couple of people. Some great sites for house shares are:
What to do in London
Well as most the jobs are in London and the surrounding area, the chances are there will many of you in the city and many things you can think of doing and seeing in your spare time. However, check out these sites for some inspiration and discounts:
Check out Time Out's suggestions and local student nights in Camden, Shoreditch and Clapham too! Good luck, work and play hard!