Generally, we all want a high-paying salary on our career journey. Hence, we’re studying the best we could in order to finish college and earn enough money. After graduating from a university, you’ll be daunted by the fact that you need to land a job that can give you a higher price immediately, and soon after, you’ll realise that your graduate degree is one of the major components to achieving this.
We don’t want you to end up regretting the program you will take, so we will help you understand which degree is ideal if your goal is to have a high salary package rate.
Here’s a list of salaries in different industries to help you visualise which degrees will provide you with the best chance of having a high salary grade.
1. Law - Law firms are recorded to give one of the highest starting salaries for graduate jobs. If you took up law and ended up with the largest employers, your salary median would be around £29,667.
2. Digital and IT - Another profession with the highest salary median recorded would be from the digital and IT industry. If you are a graduate of the mentioned programs, you can expect to earn a median salary of £31,500.
3. Finance and Professional Services - If you’re currently studying financial management and financial analysis, you’ll be on the next high-paying career degree after the digital and IT sectors. This degree will give you around a £31,425 salary.
4. Trainee Solicitor - As a trainee solicitor, you may end up having between £40,000 and £50,000 if you are a first-year trainee. Usually, most city law firms offer this salary grade. However, if you’re working in medium-sized commercial firms, you’ll most likely have the highest starting salary.
5. Barrister - Since law firms provide some of the highest starting salaries, barristers can earn from £40,000 to £70,000 for 12 months if they are working on commercial and chancery sets. If you are one of the pupillages outside of London, you may have a £16,601 award. For those in London, you’ll receive £18,960 for 12 months.
6. Accountancy - If you’ve finished a degree in accountancy, you’ll have a starting salary of £22,000–£28,000, depending on the employer and location.
7. Investment Banking - As an investment banking employee, you will enjoy the benefits of having a discretionary bonus, life assurance, gym membership and pension scheme with company contributions and private healthcare.
8. Financial Services and Insurance - Financial services and insurance jobs include those who are working in insurance, retail, banking, actuarial work and risk and regulation. Usually, they get a salary between £28,000 and £35,000, but it still depends on the role, location and employer.
9. Consulting - Generally, consulting firms do not disclose their salary grade. However, the company of Newton Europe has a visible salary package of £45,000 as a starting pay.
10. Construction and Civil Engineering -Those with a professional degree in construction and civil engineering are often offered a salary region of £24,000 to £28,000 as a start. However, some companies offer higher rates with competitive benefits packages.
11. Property Conveyor - As a property conveyor graduate, you can expect to receive at least £20,000 to £30,000, depending on the location and specialisation. You have a chance to increase your salary if you’ve passed the APC with the Royal Institute or the Royal Town Planning Institute and become chartered.
12. Retail - One of the highest paying companies in the UK offers £44,000 to £37,000 for graduates working in retail. Although some companies pay less, some still provide cars and the perks of having discounts on their products.
13. Teaching - If you hold a Newly Qualified Teacher (NQT) title in England, you'll most likely get a minimum pay of £25,714 a year, rising to £32,157 in inner London.
Now that you have a brief idea about the salary offer of each industry, it’s in your decision to pursue a career that will make all your hard work in university worth it. While being wealthy is one of the goals after education, it’s still essential to find a job that resonates with your passion, liking and skills.
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