The highest paying employers in the UK
The research breaks down the 25 top paying employers in the country, looking at both base salaries and total annual compensation including bonuses and the like.
Glassdoor ‒ which is effectively a business reviewing website, where staff are given the option of rating their employers ‒ found that Salesforce staff enjoy a median base salary of £73,038 a year. But this is bumped up significantly by added bonuses, to take the median total compensation to £100,000.
Across the top 25, eight investment banks make the cut, as do seven tech firms and five consultancies.
The best paying employers
Here’s how the 25 firms shape up:
|Employer||Median base salary||Median total compensation||Industry|
|Man Group||£85,312||£93,620||Investment banking|
|Standard Chartered Bank||£80,331||£90,000||Investment banking|
|Credit Suisse||£78,000||£87,500||Investment banking|
|McKinsey & Company||£84,000||£85,160||Consulting|
|Deutsche Bank||£75,984||£80,000||Investment banking|
|Macquarie Group||£65,478||£80,000||Investment banking|
|Boston Consulting Group||£65,478||£77,000||Consulting|
|Bain & Company||£69,500||£76,914||Consulting|
|JP Morgan||£69,137||£75,914||Investment banking|
Fighting for the best talent
Amanda Stansell, data scientist at Glassdoor, said that for jobhunters who are focused on a big salary, then heading to the big names in banking, consulting and tech is a smart move.
She continued: “Companies like Salesforce, Kearney and Standard Chartered Bank are all fighting for the best talent and they are prepared to pay top dollar to get it.
“Bankers have always received pretty significant bonuses since successful traders can bring huge company returns and tech salaries in particular tend to be high because of a shortage in specialist skills such as data science and software engineering.”
The pandemic has had a big effect on the jobs market, with unemployment jumping to a five-year high of 5.1% back in February. While it has dropped twice since then, some have questioned whether it is being artificially deflated by the government’s support measures.