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Insurance execs second highest paid in the City

Insurance execs second highest paid in the City | Insurance Business UK

Insurance execs second highest paid in the City
Analysis of 52,000 salaries from London professionals by salary benchmarking site Emolument.com has found that top earners in the insurance industry rank second, next to those from financial services.

Emolument.com said finance’s best paid employees – at £290,000 annually – earn nearly double compared to those in other industries. The closest industry is insurance, with top earners being paid £153,000 per year. 

“While finance remains in the lead when it comes to remuneration, young professionals are more and more reluctant to sign up just for the money, which means that the financial sector has to work harder to incentivise millennials to either join the industry or remain for more than a couple of opportunistic years of training,” commented Alice Leguay, co-founder and CMO at Emolument.com.

Here is a full list of the highest earning industries.
 

Industry

Top earners’ compensation*

Financial Services

£290,000

Insurance

£153,000

Energy, Mining, Chemicals, Environmental

£143,000

Law Practice

£136,000

Recruitment & Executive Search

£124,000

Technology & Telecoms

£120,000

Consulting & Professional Services

£118,000

Manufacturing

£115,000

Apps, Web, eCommerce

£113,000

Pharmaceuticals & Biotech

£110,000

Consumer Goods

£105,000

Transportation & Logistics

£103,000

Construction & Real Estate

£92,000

Media & Communication

£88,000

Healthcare

£84,000

Retail & Trade

£77,000

Services, Tourism, Restaurants

£72,000

Sports, Culture, Recreation

£72,000

Public sector & Education

£67,000

Charity & Not For Profit

£61,000

* Gross annual salary and bonus


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