What to name your baby is one of the biggest decisions you will make as a parent. Will you go for something classic, something trendy, something a bit left-field or maybe even something a bit … bogan?
And most importantly, what impact will the name you choose have on your little one’s life? When it comes to future career success, does it come down to hard work, determination and skill or does the name they get landed with have anything at all to do with it?
According to the folks at Resume.io, it definitely does.
Highest Earning Baby Names
These resume experts sought to find out just how much impact your name has on the amount of money you can expect to earn in your career. They looked at the most popular baby names from the year 2000 and used a ‘ValueMyName’ tool which calculates the average salary of a person with that name. With that combined, they were able to determine what today’s graduates might potentially earn as they enter the workforce.
Highest earning baby names: Could this little one’s name be holding them back? | Image: iStock
What’s in a name?
When it comes to earning potential, there may be a lot. But if you’re raising a David, you’re in luck. According to Resume.io, uni grads named David are the highest earners, bringing home on average, £41,617 ($AU75,000). Other circa-2000 boys names heading for the high roller’s room? Charles, Alex, Robert, Michael and James.
When it comes to the girls, your best bet is with a daughter named Lily, but your little girl could also fare pretty well if her name was Anna, Sarah, Rachel, or Alexandra.
Interestingly, however, the earning power of the top girls’ name was significantly lower than the fellas – at just £30,821 ($AU55,800), proving the gender pay gap is definitely alive and well.
As for those names to avoid? Connor and Reece for the boys and Chelsea and Paige for the girls, with those names lingering towards the bottom of the list.
Switch up those hearts for dollar signs, cos you’re going places, Lily. | Image: iStock
Where do today’s names fit?
But while this data is all well and good if you’re planning on choosing a name for your kid from Generation Z, if you’re going with TODAY’S name trends, you’re going to want to know where they fall when it comes to their monetary potential.
The experts looked at the UK’s most popular baby names (which are pretty much the same as ours in Australia) and analysed first name and salary data for them from multiple sources. This gave them an average salary pool of over 1000 names to draw from.
Looking at the top 10, Olivia might be the most popular name in the country (and across much of the world) but she comes last when it comes to earning potential. You’d have better luck with Isabella, Ella or Sophia.
As for the boys, Leo isn’t just King of the Jungle, he’s potentially King of the boardroom too, with the name the sixth most popular name in the country but the one with the greatest earning potential. Popular names that don’t equal big bucks? Harry, Muhammad and Jack, apparently.
You can read the full list here.
This post was first published on KidSpot and was republished on theAsianparent with permission.
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