• Barnett Waddingham
    Barnett Waddingham
  • Who are London’s top earners?

    New analysis by salary benchmarking site Emolument has examined the salaries of over 52,000 individuals in London, with those in the finance sector coming out on top as most well paid, with the top 10% earning an average of £290,000 per annum, with gross salary and annual bonus taken into account.

    The insurance sector came second with the top 10% earning an average of £153,000 per annum, with energy, mining, chemicals and environmental industries third, with the top salary averaging £143,000 per annum.

    Financial Services: £290, 000 per annum

    Insurance: £153,000

    Energy, Mining, Chemicals, Environmental: £143,000

    Law Practice: £136,000

    Recruitment & Executive Search: £124,000

    Technology & Telecoms: £120,000

    Consulting & Professional Services: £118,000

    Manufacturing: £115,000

    Apps, Web, eCommerce: £113,000

    Pharmaceuticals & Biotech: £110,000

    Consumer Goods: £105,000

    Transportation & Logistics: £103,000

    Construction & Real Estate: £92,000

    Media & Communication: £88,000

    Healthcare: £84,000

    Retail & Trade £77,000

    Services, Tourism, Restaurants: £72,000

    Sports, Culture, Recreation: £72,000

    Public Sector & Education: £67,000

    Charity & Not For Profit: £61,000

    “While finance remains in the lead when it comes to remuneration, young professionals are more and more reluctant to sign up just for the money, which means that the financial sector has to work harder to incentivise millennials to either join the industry or remain for more than a couple of opportunistic years of training,” commented Alice Leguay, co-founder of Emolument.

    “The attempt to attract top talent by injecting a stronger sense of purpose, flexibility and impact into financial sector jobs may be its biggest challenge yet.”

    AUTHOR

    Stuart O'Brien

    All stories by: Stuart O'Brien

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