Revealed: The industries with the richest top earners

Emma Haslett
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You guessed it: those in the finance industry earn the highest salaries. (Source: Getty)

How much do the top earners in your industry earn? A new analysis has looked at 52,000 salaries in the capital and found that, surprise, surprise, those in the finance industry stand to make the highest salaries.

The analysis, by salary benchmarking site Emolument, found the top 10 per cent of earners in the capital's financial services sector make an average £290,000 a year, when gross salary and annual bonus are taken into account.

That was followed by the insurance sector, where the top 10 per cent of earners make as much as £153,000, and the energy, mining, chemicals and environmental sector, where the average top salary is £143,000.

At the bottom end of the scale was charity and not for profit, where the top average salary is a rather humbler £61,000. In the public and education sectors, it's a slightly higher £67,000, while top earners in sports, culture and recreation make £72,000.

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Industry Top earners' salaries
Financial Services £290,000
Insurance £153,000
Energy, Mining, Chemicals, Environmental £143,000
Law Practice £136,000
Recruitment & Executive Search £124,000
Technology & Telecoms £120,000
Consulting & Professional Services £118,000
Manufacturing £115,000
Apps, Web, eCommerce £113,000
Pharmaceuticals & Biotech £110,000
Consumer Goods £105,000
Transportation & Logistics £103,000
Construction & Real Estate £92,000
Media & Communication £88,000
Healthcare £84,000
Retail & Trade £77,000
Services, Tourism, Restaurants £72,000
Sports, Culture, Recreation £72,000
Public sector & Education £67,000
Charity & Not For Profit £61,000

If you're really after a six-figure salary, though, it may be worth investing in an MBA: those who have been to business school can command salaries of £290,000, the research suggested.

PhDs weren't far behind, with an average salary of £226,000, while the top 10 per cent of earners with a Master's degree can expect to pull in £194,000 a year.

However, Alice Leguay, co-founder of Emolument, pointed out those starting out in their careers are becoming less enthusiastic about the prospect of a six-figure salary.

"While finance remains in the lead when it comes to remuneration, young professionals are more and more reluctant to sign up just for the money, which means that the financial sector has to work harder to incentivise millennials to either join the industry or remain for more than a couple of opportunistic years of training," she said.

"The attempt to attract top talent by injecting a stronger sense of purpose, flexibility and impact into financial sector jobs may be its biggest challenge yet."

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Degree Top earners' salaries
MBA £290,000
PhD £226,000
Master £194,000
Bachelor £143,000
None £109,000

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