Working To Make Ends Meet? Check Out the Highest Paid Jobs in the UK
The UK is one of the best countries to work in the world. People travel from across the world to get a job here. Average salaries are around £25-27,000 a year, and the minimum wage for over 21’s is £7.50, with that figure expected to rise. However, there are plenty of people that are stuck in jobs that don’t pay that well. A lot of those that are paid well want to earn even more. Studies suggest that only 18% of people earning over £100,000 a year actually feel wealthy, and that’s over 3.5 times higher than the average UK salary. So, if you’re looking to start turning over some mega money each year, these are the highest paid jobs you need to look at getting into.
Financial Institution Managers and Directors
Average annual salary: £75,150. Financial Institution Managers such as Bank Managers can earn good money each year. Generally, starting at a bank your salary would be around £17,000, but after progressing through the ranks, you can expect to earn a lot more. Progression from a role such as regional manager to one in head office or overseas can leave you earning lots of money. Financial managers are in charge of a team of employees and are responsible for meeting strict targets, resolving customer complaints and reporting to head office.
IT and Telecommunications Director
Average annual salary: £78,070. In an ever growing industry, IT directors are in high demand. If a workplace has computers, somebody needs to be there to manage them and the networks. IT directors are responsible for the management and improvement of IT systems and are accountable for how well they work for staff and customers. alongside the general management and overseeing the IT department, they are also responsible for directing the effective delivery of networks, development, and disaster recovery systems and processes.
Average annual salary: £78,380. Doctors, Anaesthetists, Consultants, Surgeons etc all require at least 7 years of higher education. It’s no wonder they’re paid well. Jobs requiring a high level of skill and years studying often have the potential to earn the most money as the field is specialist. It is medical practitioner’s job to ensure the physical and mental well-being of patients, which can be a highly stressful and pressure filled job. Salaries vary depending on the exact profession, with Surgeons, Psychiatrists and Anaesthetists earning the most.
Air Traffic Controllers
Average annual salary £81,130. The aviation industry is known to pay well. The pay of air traffic controllers is no different. They are responsible for guiding and advising pilots to help them take off and land safely and on time. Air traffic controllers work to an exceptionally strict and specific time schedule so organisational skills and time management are key. Training to become an air traffic controller takes 3 years to complete.
Average annual salary: £80,210. Every kind of Lawyer earns good money. However, in house lawyers such as attorneys and legal consultants have the opportunity to earn the most. They advise clients on the law and act on their behalf concerning legal matters. The UK is one of the top countries with the highest salaries for lawyers as of 2016 too. To become a lawyer, you need a degree, and usually a postgraduate diploma too.
Financial Managers and Directors
Average annual salary: £84,675. Both public and private sector organisations hire financial managers. This includes charities, NHS trusts and universities. The job consists providing financial guidance and support to clients to help them make sensible and informed business decisions. Over time salaries can increase as experience is gained. A degree in accountancy, economics, finance or business is required to secure this position.
Average annual salary: £86,915. Becoming a professional commercial pilot isn’t easy, nor is it cheap. You must have an Airline Transport Pilot’s License, which can cost anywhere between £60-90,000 and takes 18 months to complete. It also requires 1,500 flying hours as a co-pilot before you can become an airline captain and start earning the big money. The primary benefit of becoming a pilot is the chance for worldwide travel. You can also potentially make more money through becoming a flight instructor or operations managers.
Average annual salary: £87,890. Marketing directors usually begin their careers as marketing managers. This a career ladder with lots of room for progression. Marketing directors are responsible for how they promote their company’s brand or product. They are often in charge of a team that implements the marketing strategy. In order to fulfil the role of marketing director, experience managing a team and managing marketing campaigns is a must!
Average annual salary: £123,570. Chief executives typically hold a degree, postgraduate or professional qualification related to their field. They should also have a proven track record of making good business decisions as well as several years’ experience in a senior management role. Chief executives work in nearly every industry, including medicine, technology and finance.
Average annual salary: £133,170. The highest paying job on this list and in the UK! Brokers are responsible for buying and selling goods and assets for others. Stockbrokers are responsible for managing their clients’ investments by trading stocks, securities and other financial instruments to get the best possible return. Other brokers such as insurance brokers find the best level of insurance cover for their customers.
How can your income effect the loans available to you?
If you have a high income, generally this means you can borrow more money whether that’s with personal loans, guarantor loans or credit cards. This is due to affordability checks carried out by loan companies which ensure each month the repayment affordable and does not put the borrower under undue financial pressure.
Check out more in depth guides at in our financial guides section.