• Money Mentor

7 Highest Paying Jobs In The UK

Updated: Sep 19

There are loads of different jobs in the UK, and while some are more rewarding than others. It's nice to know which jobs pay the most, so you can plan your career.


This blog looks at the highest paying jobs in the UK.

Highest Paying Jobs In The UK
Highest Paying Jobs In The UK

1. Chief Executives and Senior Managers

In the United Kingdom, chief executives and senior managers typically earn the highest salaries of any profession.


In fact, according to the Office for National Statistics, chief executives and senior managers earned a median annual salary of £2.7M in 2020, which was nearly double the median salary for all workers in the UK.


However, it is important to note that salaries for chief executives and senior managers can vary widely depending on factors such as company size, industry sector, and geographic location.


For example, chief executives and senior managers working in London typically earn much higher salaries than those working in other parts of the UK.


The following are some examples of chief executive and senior manager salaries in different industries in the UK:


· Industry Median Annual Salary

· Financial Services £100,000

· Information Technology £90,000

· Telecommunications £85,000

· Retail £80,000

· Healthcare £75,000


As you can see from the above examples, chief executives and senior managers in the UK can earn very high salaries.


However, it is important to keep in mind that these are only median figures and that actual salaries can vary significantly depending on a number of factors.


If you are interested in becoming a chief executive or senior manager, it is important to remember that these positions typically require many years of experience and often require an advanced degree.


However, if you have the necessary qualifications and experience, becoming a chief executive or senior manager can be a very rewarding career choice.



2. Investment Banker

An investment banker is a professional who helps companies raise money by issuing and selling securities.


Investment bankers typically work for banks, but there is a growing number of independent firms. They help companies by coming up with new investment ideas, negotiating loans, and helping to get the best terms for their products.


Investment bankers typically make a lot of money. In fact, they are often among the highest-paid professionals in the world.


The median salary for an investment banker in the United Kingdom is £85,000 per year. However, the top earners can make much more than that. For example, the head of an investment bank in London can easily earn £1 million or more per year.


If you want to become an investment banker, you will need to have a strong academic record. A degree in economics or business is usually required.


Investment banks also look for people who have good interpersonal skills and are able to work well under pressure. If you can demonstrate these qualities, you may be able to secure a job as an investment banker.


3. Lawyer

As one of the most important professions in the world, lawyers play a vital role in society. They help to protect our rights and freedoms and ensure that justice is served.


In the UK, lawyers are among the highest-paid professionals, with an average salary of £60,000 per year. However, senior lawyers can earn significantly more than this, with some earning over £1 million per year.


The highest-paying law firms in the UK offer salaries of up to £250,000 for newly qualified solicitors. However, these salaries are only available to the very best candidates with outstanding academic records.


To become a lawyer in the UK, you will need to complete a three-year law degree at university. You will then need to complete a one-year legal practice course, before undertaking a two-year period of professional training.


Once you have qualified as a lawyer, you will be able to work in a variety of different areas of law, including criminal, civil, and commercial law. You could also choose to specialize in a particular area of law, such as family law or employment law.


If you are looking for a high-paying career that offers challenge and excitement, then a career in law could be the perfect choice for you.


4. Doctor

The average salary for a doctor in the United Kingdom is £90,000 per year. This figure can vary depending on experience and location, but it is typically around the £80-£120,000 mark.


· GP

General practitioners (GPs) are doctors who diagnose and treat a wide range of common illnesses and injuries. They also provide advice on healthy living, disease prevention, and health promotion.


GPs work in surgeries or practices, usually with a team of other doctors, nurses, and support staff. They are usually based in a local community, so they get to know their patients well.


The average salary for a GP in the UK is £60,000 per year. This figure can vary depending on experience and location, but it is typically around the £50-£70,000 mark.


· Consultant

Consultants are doctors who have completed specialist training in a particular area of medicine. They work in hospitals and clinics, and they often have a team of junior doctors and other health professionals working under them.


The average salary for a consultant in the UK is £80,000 per year. This figure can vary depending on experience and location, but it is typically around the £70-£90,000 mark.


· Specialist

Specialists are doctors who have completed even more specific training in a particular area of medicine. They usually work in hospitals or private clinics, and they often have a team of junior doctors and other health professionals working under them.


The average salary for a specialist in the UK is £100,000 per year. This figure can vary depending on experience and location, but it is typically around the £80-£120,000 mark.


· Surgeon

Surgeons are doctors who treat patients by performing operations. They usually work in hospitals, but some surgeons also work in private clinics.


The average salary for a surgeon in the UK is £120,000 per year. This figure can vary depending on experience and location, but it is typically around the £100-£140,000 mark.


5. Dentist

The dentist is one of the highest paying job in the UK, with an average salary of £100,000. This profession requires a lot of training and experience, but it is worth it for the high pay.


If you are interested in becoming a dentist, you will need to complete a four-year dental degree and pass a licensing exam.


You can then open your own practice or work for an existing one. Dentists often work long hours, but they are well compensated for their time.


6. Accountant

Accountants are in high demand in the UK, as they play a vital role in ensuring businesses run smoothly and efficiently.


As such, they are some of the highest-paid professionals in the country. The average salary for an accountant in the UK is £70,000 per year.


However, experienced and qualified accountants can earn significantly more than this. Senior positions within accounting firms or large businesses can command salaries of £100,000 or more.


To become an accountant, you'll need to have a strong academic background. A degree in accounting or a related subject is essential, and many employers will also require you to have professional qualifications such as the Chartered Institute of Management Accountants (CIMA) or the Association of Certified Chartered Accountants (ACCA).


While academic qualifications are important, most employers will also place emphasis on your practical experience.


Many accountants choose to complete internships or work placements with accounting firms during their studies, which can give them valuable insight into the profession.


Once you've graduated, you'll need to gain several years' experience working as an accountant before you can progress to a senior position.


As an accountant, you'll need to have excellent mathematical skills and be able to work with complex financial data.


You'll also need to be able to use accounting software such as Sage or QuickBooks and be comfortable working with spreadsheets.


Strong written and verbal communication skills are also essential, as you'll need to be able to explain financial information to non-financial staff members.


If you're looking for a challenging and rewarding career that offers good job security and the potential to earn a high salary, then becoming an accountant could be the perfect choice for you.


7. Engineer

An Engineer is amongst the highest paying job in the United Kingdom, with an average salary of over £50,000. The profession is also one of the most popular, with over a quarter of a million people employed as engineers in the UK.


There are many different types of engineering jobs, from electrical and mechanical engineering to biomedical and civil engineering.


As an engineer, you could work on designing and building bridges, roads, and railways; developing new medical treatments and technologies; or creating more efficient ways to generate and use energy.


Whatever area of engineering you specialize in, your skills and expertise will be in high demand. As well as being well paid, engineers typically enjoy good working conditions, flexible hours, and interesting, challenging work.


If you're interested in a career in engineering, you'll need to have strong mathematical and problem-solving skills.


You'll also need to be able to work effectively as part of a team and communicate your ideas clearly. A degree in engineering from a UK university is usually required for most engineering jobs.


Highest Paying Jobs In The UK - Conclusion

The jobs that pay the most in the UK are a varied bunch. But one thing is for sure, if you want to make good money, you need to have a skill and be in high demand.


So whatever your profession, be sure to continue learning and developing your skills so that you stay ahead of the competition and can command top salaries.


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