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Top paying UK jobs 2022

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  • GiantTCR
    GiantTCR Posts: 132 Forumite
    100 Posts
    sultan123 said:
    GiantTCR said:
    Reading some of those numbers make me feel very lucky
    Are they accurate they seem low?
    They seem pretty low
  • sultan123
    sultan123 Posts: 441 Forumite
    Sixth Anniversary 100 Posts Name Dropper Combo Breaker
    GiantTCR said:
    sultan123 said:
    GiantTCR said:
    Reading some of those numbers make me feel very lucky
    Are they accurate they seem low?
    They seem pretty low
    Very low! Dont think its accurate
  • Grumpy_chap
    Grumpy_chap Posts: 18,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The data is probably accurate in the Glassdoor report, subject to investigating the way they established the data and the assumptions stated, but highlights the difficulty of any parameter where the data is from self-reporting one way or another.

    You can see that from the highest paying job being CFO with COO also having higher reported salaries than CEO.  CFO and COO are probably from a more reliable data set whereas CEO will be skewed by the high number of one-man-bands printing a business card with CEO on it to make themselves look / feel good.
  • GiantTCR
    GiantTCR Posts: 132 Forumite
    100 Posts

    You can see that from the highest paying job being CFO with COO also having higher reported salaries than CEO.  CFO and COO are probably from a more reliable data set whereas CEO will be skewed by the high number of one-man-bands printing a business card with CEO on it to make themselves look / feel good.
    Or CEOs who submitted their salary are 20something nerds that work in a startup. There are levels.
  • Exodi
    Exodi Posts: 3,931 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    As others have said, take this with a pinch of salt as it is based on Median salaries, and while common-sense would tell us that the CEO of a company would earn more than their CFO, there are a lot more one-man-band online businesses fronting as CEO's, bringing the average down.

    Confusingly, despite the list being numbered - it doesn't appear to be in order if you compare it to the actual median salaries stated below. If you ordered the top 10 by Median Salary, it would instead look like this:

    1. CFO (£124,410)
    2. Executive Director (£121,345)
    3. COO (£108,303)
    4. Managing Partner (£107,589)
    5. CEO (£99,424)
    6. Director (£93,451)
    7. Enterprise Architect (£82,270)
    8. Of Counsel (£77,910)
    9. Senior Leader (£76,606)
    10. Quantitative Analyst (£73,353)

    It is still somewhat amusing that if you took the above at face value, you'd assume Executive Directors, of whom report to the CEO/Managing Director, take home over 20% more than their effective boss.
    Know what you don't
  • Exodi
    Exodi Posts: 3,931 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 6 December 2022 at 5:06PM
    GiantTCR said:

    You can see that from the highest paying job being CFO with COO also having higher reported salaries than CEO.  CFO and COO are probably from a more reliable data set whereas CEO will be skewed by the high number of one-man-bands printing a business card with CEO on it to make themselves look / feel good.
    Or CEOs who submitted their salary are 20something nerds that work in a startup. There are levels.
    I think by extension, this also explains why CFO's are at the top.

    While a lot of people might start a company and brand themselves a CEO, a company generally needs to b  handling some pretty large amounts of cash to require having a CFO. Generally larger company = larger responsibility = larger compensation.
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  • Any other accurate sources?
  • Ditzy_Mitzy
    Ditzy_Mitzy Posts: 1,952 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    There's a list here: https://www.studentbeans.com/blog/uk/the-highest-paying-jobs-and-degrees-in-the-uk-in-2022/

    Although I can't think it's that accurate as there are no entries for king, professional footballer or has-been senior minister turned after dinner speaker.  

    The link does claim good prospects for a 'back end developer'; what is a back end developer?  Kim Kardashian's plastic surgeon?
  • Grumpy_chap
    Grumpy_chap Posts: 18,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    there are no entries for king, professional footballer or has-been senior minister turned after dinner speaker.  

    I tried to explain that higher up thread in relation to the footballers - "professional footballer" includes regional leagues where players barely cover their costs to attend right up to Premier League mega-earners.  The high number of players in the junior leagues brings the average right down. 

    A similar thing would apply to after dinner speakers.  What category would they even appear under?  "Entertainer?"  Mixed in with all the jobbing musicians playing the Dog&Duck for the price of two pints of lager and a packet of crisps.

    "King" is really most likely something the OP won't be able to aspire to.  Also, as a job, isn't "King" a voluntary role?
  • Exodi
    Exodi Posts: 3,931 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    there are no entries for king, professional footballer or has-been senior minister turned after dinner speaker.  

    I tried to explain that higher up thread in relation to the footballers - "professional footballer" includes regional leagues where players barely cover their costs to attend right up to Premier League mega-earners.  The high number of players in the junior leagues brings the average right down. 

    A similar thing would apply to after dinner speakers.  What category would they even appear under?  "Entertainer?"  Mixed in with all the jobbing musicians playing the Dog&Duck for the price of two pints of lager and a packet of crisps.

    "King" is really most likely something the OP won't be able to aspire to.  Also, as a job, isn't "King" a voluntary role?
    This is very likely the exact reason Glassdoor elected to use the median average of the mean average - to mitigate the very few on "only in my wildest dreams"-money skewing the figures.
    Know what you don't
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