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.”
