Half of the top ten most well paid jobs in the UK are in the technology sector, with salaries ranging between £90,000 to £73,300.
This represents more than, for example, what a Member of the British Parliament earns (£74,962), according to jobs and recruiting company Glassdoor‘s ‘UK’s 10 Highest Paying Companies for 2016’ report.
Topping the list of the companies paying the highest salary is SAP, with a median total compensation of £90,000. The median base salary is £75,000. This means that an employee working for SAP could be earning nearly 20% more than a senior political figure in the UK today.
Following close by in second place is tech company EMC, which pays its employees a total median salary of £86,500 and a median base salary of £70,000.
The first non-tech firm comes in third, and is consulting firm McKinsey & Company. The median top salary here is £85,499 and the median base salary is £78,000.
Boston Consulting Group has the highest median base salary at £80,000, but total compensation stands at £83,311, making it number four in the Glassdoor ranking.
In fifth is social media giant Facebook. The tech company, the youngest in the top ten being only founded in 2004, has a median total compensation of £79,500 and a median base pay of £68,420.
The first bank on the list is Deutsche Bank. Salaries here go from a top median of £75,000, to a median base pay of £65,000.
Deutsch Bank is followed by another banking institution, Nomura International. Median total compensation is £74,990; median base salary is £65,000.
Tech companies take the eighth and ninth spot on the rankking, with Cisco paying £74,000 and £58,952.5 for median total compensation and median median compensation, respectively.
Google follows with £73,300 for the total median compensation. Employees median base salary is £60,225.
Lastly, banking organisation BNP Paribas, closes the top ten with salaries topping £73,000, and with a £62,000 median base salary.
Glassdoor’s chief economist, Dr. Andrew Chamberlain, said: "[In the technology sector,] salaries are high largely because of shortages of the highest skilled employees needed to advance business into new realms.
"Booming demand on a global scale for software engineers, database administrators and data scientists has far outpaced the supply of these skilled, hard-to-find employees. With tech companies scrambling to poach these valuable workers from competitors, a bidding war has pushed tech salaries to unprecedented heights in recent years."
Chamberlain also said, that despite the banking sector not being heavily represented in the top ten, research shows that salary is not among the leading factors tied to long-term employee satisfaction.
"By contrast, culture and values, career opportunities, and confidence in senior leadership are the biggest drivers of long-term employee satisfaction," he said.
Elsewhere, if £90,000 does not sound enough, according to Office of National Statistics, you will have to look into being a broker (with salaries averaging £133,677), a C-exec or senior official (£107,703), or an aircraft pilot and flight engineer (£82,962)
At a glance: UK’s 10 Highest Paying Companies (median)
- SAP– £90,000
- EMC – £86,500
- McKinsey & Company – £85,499
- Boston Consulting Group – £83,311
- Facebook – £79,500
- Deutsche Bank – £75,000
- Nomura International – £74,990
- Cisco Systems – £74,000
- Google – £73,300
- BNP Paribas – £73,000