Let’s talk salary. With all the political talk of “the one percent” versus the rest of the U.K. nowadays, understanding what the average salary for Britain actually is can be difficult. That’s because the answer to this question involves a variety of nuances — like education, geographical location, occupation, experience, and more. Plus, numbers alone do little to expose the contextual scope of one’s salary. According to ONS’s Annual Survey of Hours and Earnings (ASHE) In April 2019, London topped the regional list for median earnings for full-time employees by place of work, at £2944 per month. Last year, the UK’s median earnings went up by 2.9 percent.
There are a variety of factors that determine a person’s salary, which is why the average British salary isn’t necessarily a good benchmark. An annual survey showed that the average salary in the UK for men and women combined was £29,009.
What Is the Average Salary in United Kingdom?
A person working in the United Kingdom typically earns around 70,000 GBP per year. Salaries range from 16,000 GBP (lowest average) to 350,000 GBP (highest average, the actual maximum salary is higher).
But according to the United Kingdom Office for National Statistics in 2019, the average salary was £35,511.
This is the average yearly salary including housing, transport, and other benefits.
The median, the maximum, the minimum, and the range
Salaries in the United Kingdom range from 17,000 GBP per annum (minimum average salary per year) to 350,000 GBP per annum (maximum average salary, the actual maximum is higher).
The median salary is 69,200 GBP per year, which means that half (50%) of the population are earning below 69,200 pounds while the other half are earning more than 69,200 pounds. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 38,800 GBP while 75% of them are earning more than 38,800 GBP. Also from the diagram, 75% of the population are earning less than 185,000 GBP while 25% are earning more than 185,000 GBP.
Salaries vary drastically between different careers and a variety of nuances as we said earlier.
As of December 2019, average regular pay, before tax and other deductions, for employees in Great Britain was estimated at £512 per week in nominal terms. Interestingly, those with a professional degree (which usually calls for someone to work a certain amount of time in their relevant field before receiving accreditation) slightly out-earned their doctoral peers, with an average weekly income of £610. A significant dip follows, as we look at those who have obtained a master degree and earn a weekly average of £680. Next, bachelor degree-holders earn on average £650 per week. Employees who spent some time in college but received no degree earn a weekly average of £400, while a person completed O level and A levels earn £350 per week.
It also probably won’t surprise you to learn that, Median weekly pay for full-time employees in the UK was £736 in April 2019. Take this figure with a pinch of salt, though, as it’s boosted by the city’s super-earners – think CEOs on six, or even seven, figures. Those in the South East of England come in second place, earning an average of £613 a week, while those in the North East earn the least, with an average of £533 a week.
There’s a chance that you might not be earning as much as your peers because of the industry you’re in. That’s fine if you’re head-over-heels passionate about your job and you’re earning enough to support yourself, but if money’s your main motivator you might want to consider a switch. Still, it’s worth bearing in mind that the highest-paid jobs in the country belong to chief executives and senior officials, who earn a median of £97,708. If you really want to earn the most money possible, it could be worth biding your time and working your way up in your current company – or getting into politics, but who wants to join Westminster right now?
The second highest-earning jobs belong to air traffic controllers, who earn a median of £94,431, closely followed by marketing and sales directors, who earn £80,411. In fourth place, air pilots and flight engineers triumph, taking home £78,507 a year, followed by legal professionals, who earn a median of £74,701.
It also pays to have a bit of experience in the working world. Those aged 16 to 17 earned the least last year, at an average of £200 per week for men and £206 for women. This is the only age at which women are more likely to earn more than men, with the figures quickly jumping to £344 and £329 for men and women between the ages of 18 and 20 respectively.
Unfortunately, you can expect your earnings to peak during middle age, with those aged 40 to 49 earning more than any other age group at a median of £727.60 a week. After that, the average salary decreases steadily as you approach retirement age: men aged 50 to 59 earned an average of £691 a week in 2019, while those aged 60 to 64 earned £606.20 and those over 65 earned £571. Keep in mind that these numbers probably also start to dip as a consequence of workers retiring, thus reducing the average income significantly.
UK annual average income by job titles:
The average annual salary of a teacher in the UK is £21,600 with the lowest average earning is around £19,500 a year and the highest average earning around £50,000 per annum. If you are new in teaching and would like to join as a newly qualified teacher, you’ll begin on an annual salary of at least £22,300 average or £29,400 in inner London. As you rise up the pay ranges, you could earn as much as £80,000 as a headteacher, in inner London.
In England, Pediatricians earn from £60,000 to more than £100,000. A mid-career Pediatrician with 3-5 years of experience earns an average total compensation of £60,000. An experienced General Pediatrician with 10+ years of experience earns an average total compensation of £75,000.
The average salary for someone with an ICAEW Chartered Accountant (ACA) or Chartered Certified Accountant (ACCA) in London, UK is between lowest average £49,521 and £557,827 as on an average salary. Salary ranges can vary widely depending on the actual position requiring an ICAEW Chartered Accountant (ACA).
Entry-level software engineer
The average entry-level software engineer salary in the UK is £28,000 on a per annum. Entry-level positions start at £31,685 on an average per year while most experienced workers make up to £75,500 per year.
An entry-level Pharmacist with less than one year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £35,000. An early career Pharmacist with 1-4 years of experience earns an average total compensation of £40,000.
Most UK Doctors earn an average yearly salary of £45,100. Wages typically start from $27,036 and go up to $250,000. Consultants in London earn from £62,000 to more than £120,000 per year, while salaried General Physician – GPs earn from about £56,000 to £82,000 on an average.