Work & Settle Abroad | Best of

Introduction

The latest official data indicates a decline of nearly 300,000 job openings in the UK compared to the peak observed in May 2022. Despite this decrease, approximately 1 million job opportunities are currently available.

As per recent statistics from the employment platform Adzuna, logistics, legal, and retail sectors experienced the most significant surge in job openings in July, 2023, while teaching and IT sectors remain the primary recruiters.

Top most Jobs in UK with Highest Salaries

According to the SavetheStudent's analysis of official ONS data, it appears that chief executive and senior-level positions top the list of the highest-earning jobs in the UK.

• Additionally, marketing, sales, and advertising directors, doctors, head teachers, and airline pilots are among the top 10.
• However, pinpointing the exact highest-paying occupations is notably challenging.
• Salary variations can be substantial, contingent upon factors such as one's experience, specific companies, and geographical location.
• For instance, as per the Department of Education, a teacher in London could earn up to £42,624 annually, while their counterparts in other parts of England and Wales may receive up to £36,961.
• In the legal sector, an average solicitor's yearly income in the UK is £55,200, excluding bonuses or profit-sharing schemes, according to Jobted.
• A newly qualified solicitor can anticipate an average annual salary of £35,000.

The following roles represent the most lucrative occupations in the UK, as per data from SavetheStudent:

(Read More: How to stay back in UK post-graduation?)

Which Companies give Highest Salaries in UK?

According to Glassdoor, the leading companies offering the highest salaries in the UK are predominantly from the technology and finance sectors.

10 Top UK Companies with Highest Avg Base Salary

The top 10 companies boast an average base salary exceeding £93,000 for their employees, positioning the average staff member within the top 4% of UK taxpayers. These companies include:

Who are the Top Employers in the UK?

The most lucrative positions may not always correlate with the highest satisfaction ratings.

The top-ranking companies for employment consideration prioritize factors such as maintaining a healthy work-life balance, fostering a positive team and corporate culture, offering competitive remuneration, providing additional benefits, showcasing strong leadership, and ensuring opportunities for career advancement. Studying in top universities in UK will also enhance your chances of getting into high-paying jobs.

Within its list of the top 50 companies, Jobsite Glassdoor features various technology companies, including Apple, Microsoft, and Google. Management consultancy firms are notably well-represented, with Bain and Company securing the leading position and Boston Consulting Group ranking third.

Best Companies to Work in UK

Considering the aforementioned criteria, Glassdoor has identified the following as the best companies to work for in the UK:

1. Bain & Company
2. ServiceNow
3. Boston Consulting Group
4. Equinix
5. Ocado Technology
6. Mastercard
7. Google
8. Arup
9. Salesforce
10. Version 1
11. Softcat
12. BlackRock
13. Microsoft
14. Adobe
15. Novuna
16. Imagination Technologies
17. Johnson & Johnson
18. SAP
19. Wise
20. Capgemini Invent

Which UK University offers the Best Placements after Graduation?

College isn't the sole pathway to a promising career, but numerous positions do necessitate a degree. Given the intense competition in the professional realm, it's vital to thoroughly research your chosen field of study.

• With over 65,000 university courses available, medicine, dentistry, MBA emerge as the subject area boasting the highest post-graduation employment rates, as indicated by the Higher Education Statistics Agency.
• Over 99% of graduates in this field can anticipate employment within six months, with an average annual salary of approximately £30,000.
• Veterinary science follows closely, with nearly 96% of graduates securing employment within six months, earning an average wage of £30,500.
• Additionally, over 90% of graduates in allied medicine subjects (such as pharmacy and physiotherapy), education, and architecture also successfully enter the workforce within six months of graduating.
• International students who got graduated can also extend UK visa without the need of a job offer letter.

Which Jobs offer the highest salaries for Recent Graduates/ Fresher’s?

Although university education can be expensive, numerous companies provide well-paid graduate training programs and entry-level positions aimed at nurturing their future leaders.

If you seek a prompt return on your educational investment, consider these highly paid graduate positions, as suggested by the graduate career resource website, Milkround:

Keep in mind that salaries may differ depending on the company and the area. Graduates are likely to receive higher pay in London compared to other parts of the UK.

Highest paying Jobs in UK that don’t need a Degree

Despite common belief, obtaining a degree is not always necessary for securing a high-paying job abroad. According to the Office for National Statistics (ONS), a third of graduates earn less than those who enter the job market directly.

• In fact, numerous renowned and wealthy CEOs, including Richard Branson, Alan Sugar, Bill Gates, and Mark Zuckerberg, never completed university.
• Additionally, certain well-paid positions in the UK, such as train or tram drivers, do not require a degree.
• While a degree might provide advantages, experience and expertise hold significant value in many industries. Continuous career development courses may be necessary, however.

Based on data from FutureFit, here are the top-paying jobs that do not mandate a degree:

Which jobs in UK expected a Pay raise in 2024?

Recruiter Hays suggests that the jobs with a significant shortage of skills are likely to see the largest increases in workers' pay this year. A growing need for professionals in cyber security, electrical engineering, construction, and sustainability is expected to drive up salaries for these positions.

• In the year 2023, IT and cyber security graduates can anticipate some of the highest earnings, reaching up to £81,500 annually, as digitalization continues to expand worldwide.
• Furthermore, electrical engineers (£48,875) and automation engineers (£48,000) are predicted to be the most sought-after employees due to the significant scarcity in these fields, according to government reports.
• The list of the most sought-after jobs for 2023 also includes quantity surveyors earning an average of £55,250, qualified social workers with two years of experience making around £31,583, and part-qualified or newly qualified accountants with an average income of £31,396.

Differences in UK minimum wage in 2023

Starting on April 1, 2023, several increases in the minimum wage were implemented. The national minimum hourly rate for workers aged 23 and over rose from £9.50 to £10.42. Additionally, adjustments were made for 17-year-olds and apprentices.

Which Tech Jobs offer the highest salaries in the UK?

The tech sector in the UK is flourishing, and the competition for top talent is intense. According to gov.uk, the industry is valued at more than £800,000, surpassing the values of France and Sweden fivefold and Germany's value by twofold.

While the industry offers numerous job opportunities, the highest-earning tech position in the UK is senior software engineer, with an average salary of £63,824, as per data from Indeed. Operations engineers and data engineers can also anticipate annual salaries exceeding £60,000 on average, while developers can expect to earn between £53,000 and £58,000 per year on average.

(Read More: 11 Best Ranking colleges to study Engineering in the UK)

What does London weighting mean?

Working in London typically results in higher pay compared to other regions in the UK, primarily due to the elevated cost of living in the city. This additional sum included in your salary is commonly known as London Weighting or the London Allowance. Its introduction can be traced back to a 1974 report by the Pay Board.

There's no fixed amount or universally agreed method for determining the exact sum you'll receive. Instead, it varies depending on your employer and the specific industry. According to research by the Trust for London, a minimum London weighting of £9,600 in Inner London and £6,549 in Outer London is recommended to cover the basic cost of living in the capital.

What does the term gender pay gap mean?

From 2017, the government has implemented initiatives to address the gender pay gap, mandating that employers with 250 or more employees must disclose their gender pay gap information.

If you're facing challenges in securing a job and immigrate to the UK, feel free to contact Global Tree for expert guidance. We are committed to assisting you in discovering the finest employment opportunities in the UK.