For a list of best paid jobs? Yes
Best paid jobs UK 2023
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It's the "Best" paid jobs UK 2023, it's not meant to be representative!
Soldato
Numbers in the OP use median salary so yes, yes it's meant to be representative.
Yup it definitely can, but there's a lot of VPs in your average investment bank due to the nature of banking and needing sign off deals at that level. Although some banks do have VP as a higher position than others.
Hence why you get much younger VPs (and more of them) than you would in for example a product based business.
Edit: As an example, GS has 13,000 VPs: https://www.efinancialcareers.com/n...ierarchies-analysts-associates-vps-mds-really
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Soldato
My old job, even in a senior position, the base Salary (Senior Software Dev in South West) is 33 to 39k. Whilst I would have been exceptionally pleased with that 10 years ago in the South West, that is super poor compared to anywhere else in the UK that was meaningful. With remote work become so mainstream now, I expect these barriers to dissolve a little. I definitely don't have golden handcuffs (i.e. not working for google/amazon etc on insane salaries), but doing better than your highest figure with no direct reports here in the states. I would equate prices close to London suburbs living though.
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Permabanned
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Yeah they're meant to though? As with YT or anything else? Wether they risk it however, is another matter.
Most of them don't need to do that even, it's just a higher-order effect of the few that do, others of comparable age, and experience get given the title too. Of course, if they're not in a revenue-generating role then their compensation is radically different but still you don't want the 35-year-old IT professional to be outranked by some chippy young 25-year-old salesperson so you give the IT guy a VP title too even though you perhaps pay that analyst/associate salesperson more in total comp.
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Ok, now I feel like a mug
I work in IT as an 'engineer' for a London based company on less than half of that range.... If I told them I wanted £90k then they'd probably (and rightfully) want to have me sectioned
Soldato
It depends what you are doing in IT. I hire grads around that figure in TC but we are developing things.Ok, now I feel like a mug
Associate
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TC?
I basically do mass deployment of updates and applications (SCCM and InTune) at the moment. Working fully remote but the main (postal) address of the office is in London.
Soldato
Total compensation so includes stock allocations (RSUs) and bonus.
There’s a wide range of jobs that fall into IT.
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Associate
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Thanks for the clarification!
Yeah it's a very wide ranging field and I feel like I'm not doing too bad for what I do (fully remote is a big + for me!), but if I could reasonably expect 2-3x I'd have to give it some thought lol
Yeah it's a very wide ranging field and I feel like I'm not doing too bad for what I do (fully remote is a big + for me!), but if I could reasonably expect 2-3x I'd have to give it some thought lol
I mean, it's obviously going to vary somewhat depending on role and sector. If you're working for a charity or public sector then there's no way you'll get that salary, but if you're working in finance, big tech or a big multinational then it's pretty standard to see those sorts of wages in senior roles.Ok, now I feel like a mug
The other thing to consider is that typically with the bigger salaries comes more stress. The secret is in finding a job that has the right balance, so I wouldn't feel too bad about it if you're happy where you are and you feel you're at benchmark for the sector.
I've seen some wages drop but typically for roles with the flexibility of being fully remote so no requirement for a weighting. I was considering taking a huge pay cut (almost 50%) to go fully remote and with less responsibility a while back but couldn't quite persuade myself to take the leap just yet - it's something I will probably do a little further down the line. Money isn't everything.
From the limited experience I have and from ex-colleagues who have moved company recently, it's clear that the top moolah is still out there because it's so difficult to get the right people.
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This makes no sense 'professional accountants' is just qualification. I work in the finance dept of a fairly small company (circa 500 FTEs) within the FX markets. Many of my colleagues are ACA qualified, but that doesn't dictate what they earn (its just a qualification to show they can do their job).
For reference, the mid-level guys 5-8 years experience earn about £80k, plus upto 40% bonus. The mid senior (director) like me earn between 120-140k with upto 90% bonus. The Heads of department 200 base with similar bonus. CFO is on base of 500, with upto 200% bonus. This isn't a profit making department, or investment banking.
It's Christmas/holidays, everyone earns £500k for making tea and coffee.Ok, now I feel like a mug
Is that Monopoly Money?