For many people, earning a six figure salary is the ultimate goal of their career. But which industries give their staff best chance of reaching that goal and earning in excess of £100,000 ($139,000)?
According to data from Emolument, staff working in financial services – banking, asset management and other jobs – are the most likely to do so, with 60% of staff surveyed by the salary benchmarking site taking home a six-figure salary.
The number of financial services professionals earning over £100,000 is double that of the second most likely profession – the law. Other professions to feature highly include mining, pharmaceuticals, and agriculture.
“While the current picture puts financial services at top of the high paying list for experienced employees, trends are changing for those recently in the job market as technology giants work hard to close the pay gap with the financial sector,” Alice Leguay, Emolument’s cofounder and chief marketing officer said in a statement.
“A battle for talent is playing out which will drastically impact earnings by sector over the coming 5 years, causing reshuffling at the top.”
Check out the professions where workers are most likely to earn £100,000 or more below.
T11. Transportation
Employees earning more than £100,000: 17%
Experience needed: 15 years
T11. Consumer goods
Employees earning more than £100,000: 17%
Experience needed: 15 years
T9. Recruitment
Employees earning more than £100,000: 19%
Experience needed: 12 years
T9. Agriculture
Employees earning more than £100,000: 19%
Experience needed: 12 years
8. Apps, web and ecommerce
Employees earning more than £100,000: 23%
Experience needed: 12 years
7. Tech and telecoms
Employees earning more than £100,000: 25%
Experience needed: 15 years
T4. Pharmaceuticals
Employees earning more than £100,000: 26%
Experience needed: 14 years
T4. Energy and mining
Employees earning more than £100,000: 26%
Experience needed: 14 years
T4. Consulting
Employees earning more than £100,000: 26%
Experience needed: 13 years
T2. Insurance
Employees earning more than £100,000: 30%
Experience needed: 14 years
T2. Law practice
Employees earning more than £100,000: 30%
Experience needed: 11 years
1. Financial services
Employees earning more than £100,000: 60%
Experience needed: 12 years