Best high salary careers in the UK

Find out just how much everyone else is getting according to the most up to date figures from the ONS.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

At school, most of us dream of a career that’s not only fulfilling but financially rewarding too. But while a handful of lucky souls will climb the greasy pole of success, most of us will be content with a job that pays the bills while we daydream what might have been if only we’d concentrated a bit more in lessons.

Just to make you feel even better about that ‘meh’ pay cheque, here’s what you could be earning instead.

The top 10 high salary careers

It’s official: out of nearly 500 jobs listed by the Office for National Statistics (ONS), chief execs and other senior officials take home the biggest pay packets.

Figures are based on mean full-time earnings for the year ending April 2019 and also take into account ‘outliers’ who earn enough big bucks to sway the overall figure (lucky them). In the interests of not getting too carried away, we’ve also included median salaries (in brackets) to give a more accurate picture of what people are taking home.

1. Chief executives and senior officials: £156,209 (£97,708)
2. Air traffic controllers: £93,955 (£94,431)
3. Marketing and sales directors: £93,372 (£80,411)
4. Legal professionals: £90,791 (£74,701)
5. Financial managers and directors: £87,855 (£66,353) 
6. Aircraft pilots and flight engineers: £86,204 (£78,570)
7. Dental practitioners: £82,839 (no data available)
8. Transport associate professionals: £80,166 (£78,992)
9. Functional managers and directors: £79,807 (£62,595) 
10. Medical practitioners: £79,767 (£72,019)

Biggest movers (and losers)

According to the stats, the enigmatically titled ‘collector salespersons’ (in plain English, door to door sellers) enjoyed a 32% pay increase from 2018 to 2019. The next closest rise was for railway workers like signal operators, who saw mean salaries rise by 25%. Driving instructors were also winners, with a 22% salary boost.

Sadly, rag trade workers specialising in embroidery, sewing or manufacturing saw a 19% fall in mean earnings. Police community support officers also didn’t have much to celebrate, as average salaries dipped 12%.

And it was no change at all for just two groups of workers: transport managers and IT operations technicians, who took away mean earnings of £45,993 and £34,169 respectively.

Lowest earning jobs

Bar staff might serve bottles of Cristal but it is far from a champagne lifestyle, with a (literally) mean salary of £16,055 – the lowest of all the jobs with recorded data.

Faring slightly better were waiters and waitresses (earning £16,286), kitchen staff (£16,604), leisure and theme park workers (£16,766) and educational support assistants (£17,170).

Plus, in stark contrast to their dental practitioner colleagues, dental nurses took home a mean average of £18,791 in 2019; there’s nothing like pay discrepancy tension to sour staffroom chat.

Highest paying part-time jobs

Rather pleasingly, it’s not just full-timers who have star earning potential; some part-timers pack away some serious salaries. Notably, part-time senior educational professionals (aka head teachers, principals and bursars) took home a far from mean average of £50,488 last year.

Hot on their heels were legal professionals (£45,714) and, interestingly, part-time jobs in scaffolding and sheet metal, could mean taking home an average and not-too-shabby £30,660 and £30,138 respectively.

The part-time jobs that saw the greatest percentage rises were architects (64%) and environment professionals such as engineers and consultants (52%) – perhaps unsurprising given the importance of sustainable design. In the meantime, their full-time equivalents saw respective salary increases of only 2.6% and 3%.

Average earnings

If the sight of what top earners are taking home is more than a little demotivating, don’t fret. Mean annual pay for all full-time employees was £37,428, just a 2% rise from 2018.

And if that’s still not much consolation, then here’s a nugget of schadenfreude – more than 70% of higher earners taking home £40,000+ and nearly a quarter of senior management suffer from work-related stress.

So, although bigger earners might bring home more bacon, a hefty salary is not without its downsides. After all, money buys a lot of things, but unconditional happiness isn’t always one of them.

 

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

MyWalletHero, Fool and The Motley Fool are all trading names of The Motley Fool Ltd. The Motley Fool Ltd is an appointed representative of Richdale Brokers & Financial Services Ltd who are authorised and regulated by the FCA, and we are permitted in this capacity to act as a credit-broker, not a lender, for consumer credit products (our FRN is 422737). The Motley Fool Ltd does not have permissions for, and does not advise on, investment products and services, but may provide information on investment products and services.

The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. The Motley Fool has recommended shares in Lloyds, Tesco and Barclays.

More on Personal Finance

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »

Image of person checking their shares portfolio on mobile phone and computer
Personal Finance

The 10 most popular stocks among UK investors so far this year

As the new tax year kicks off, here's a look at some of the most popular stocks among UK investors…

Read more »