Brokers have the highest paid jobs in the UK – survey

Brokers outrank chief executives and marketing directors when it comes to their average pay before tax

Insurance News

By Louie Bacani

Brokers, including those in the insurance industry, are Britain’s highest paid professionals in 2016, according to a new survey released by the Office of the National Statistics (ONS).
 
Results of the ONS Annual Survey of Hours and Earnings show that insurance brokers, stockbrokers, traders on the stock exchange and foreign exchange dealers are earning the biggest bucks in the UK.
 
As reported by The Guardian, brokers have an average pay before tax of £133,868 and enjoy a yearly pay rise of 6.2%.
 
The second biggest earners in the UK who have an average pay before tax of £123,577 are chief executives, which include vice-presidents, chief medical officers and civil servants.
 
Ranked third are marketing and sales directors (£87,890) followed by aircraft pilots (£86,915), including first officers of airlines, flight engineers, flying instructors and helicopter pilots.
 
Financial managers and directors, which include investment bankers and treasury managers, are the fifth highest paid professionals with an average pay before tax of £84,675.
 
Other professions on the list are in-house lawyers (£80,210), air traffic controllers (£81,132), medical practitioners £78,386, and IT and telecommunications directors (£78,071).
 
Insurance and bank managers complete the 10 highest paid professions with an average pay before tax of £75,169.
 
Do you agree with the survey findings? Leave your thoughts in the comments section.
 
 
Related stories:
Insurance executives’ salaries rise up to 8.7%
Insurance executives’ pay causes political turmoil
 

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