These are the UK’s highest paying companies for entry-level jobs
Young people starting their careers in the current economic climate have been severely affected by it. It has become a priority to get a good-paying first job.
Global jobs website Glassdoor found that financial transaction processing company Thought Machine offered the highest pay for an entry-level job, with an average base salary of £60,000 ($76,409). The average U.K. total pay in January 2022 was £596 a week, or £30,992 a year, according to the Office for National Statistics.
Glassdoor’s Wednesday ranking revealed the top-paid entry-level jobs. It analyzed over 100,000 salary reports from employees, both current and past, to determine the rankings. Entry-level roles are those that require less than two years’ relevant experience, and they do not count as senior positions.
The findings are made as the U.K. faces a severe cost of living crisis. inflation hitting a 30-year high of 7% in MarchAs Russia invaded Ukraine, it has contributed to a rise in energy and food prices. Two years of economic uncertainty caused by the Covid-19 pandemic have contributed to this shock to consumer finance. young people among the hardest hit.
More than half (50%) of U.K. young adults believe the pandemic is having a negative impact on their careers, and a comparable proportion feel that entry-level positions are less available now than they were before. The results were based on a Glassdoor survey of 1000 U.K. adults between 18 and 25 in April.
Therefore, it is not surprising that 53% of respondents said that the salary was their most important consideration when choosing where to work.
Technology giant Meta, formerly Facebook, was named as the second highest-paying company for entry-level jobs in the U.K., with a median base salary of £57,000.
Financial services firm Macquarie Group came in third place, with an average salary of £55,000 for non-senior roles. Eight of the 10 highest-paid companies in entry-level positions were financial service companies.
Lauren Thomas, Glassdoor EMEA economist said that pay shouldn’t be the sole consideration in deciding where to work. She cited other findings in the survey, which showed that it was a company’s culture and values, as well as its senior leadership team and the career opportunities available, that sustained employee satisfaction.
Here are some examples of top-paying entry-level jobs in the U.K.
- Thought Machine – £60,000
- Meta – £57,000
- Macquarie Group – £55,000
- Goldman Sachs – £50,000
- Bank of America – £50,000
- Deutsche Bank – £50,000
- BlackRock – £50,000
- BNP Paribas – £50,000
- Credit Suisse – £50,000
- Clifford Chance – £50,000