With the cost of living rising year upon year within the UK, many job hunters and recent graduates are looking for high-paying jobs which can give them the lifestyle they really want. Although the average salary of workers in the UK varies a lot depending on the industry you are in, according to the Annual Survey of Hours and Earnings, the average salary of full-time employees in the UK was £27,600 a year in 2018.
It can be easy to see, therefore, why a six-figure salary is both desirable and seemingly unattainable among many UK workers who struggle to live well on a five-figure salary. However, there are both advantages and disadvantages to the allusive six-figure salary of £100,000 or more, and many opportunities within industries you might not even have considered as having the potential to help you earn the income you really want.
How to Get a High-Paying Job
Reaching the top tier of UK earners is largely about putting in the time and hard work to be where you want to be. Getting a six-figure salary doesn’t happen overnight, and no matter which industry you are in it’s likely to take years of experience and skills which will be gained over a long period of time; including all of the top earning jobs listed below. Perseverance, passion and a focus on what you want to achieve is essential, no matter what your A-level, GCSE or university grades look like. However, to stand yourself in good stead it’s always a good idea to work hard and achieve results no matter what stage of life you are at. Having an excellent CV will make you more employable and give you the head-start you need to stand out from the crowd. Find out How to Add Value To Your CV and ensure that you have all the bases covered for you to get on the ladder towards a high-paying career.
Discussing how much we earn isn’t something we like to talk about in the UK, which has both resulted in poor awareness of pay gaps between employees as well as scandals surrounding the salary of public figures. Therefore, we may not be aware of what jobs are out there with salaries of £100,000 or more.
Top Jobs With 6-Figure Salaries in the UK
Being the CEO of a company, as you might have guessed, can get you some big earnings. The average salary of a CEO is £119,777!
When starting out, you are likely to earn between £15,000 and £25,000 annually. However, with commission and experience, estate agents can earn up to £100,000.
Police Chief Constables
There is wide variation between police salaries in the UK, with salaries ranging from £7,600 to a whopping £278,563.
Actors, Authors and MPs
When we think of highly paid jobs, we are likely to think of famous stars in the entertainment industry as well as Britain’s leading MPs. If you are lucky enough to have the success of someone like J.K Rowling, you could earn up to a huge £560 Million! However, the average salary of an author is just £5,000 per year, so these record-breaking salaries can be hard to achieve.
Making Your Money Go Further
If you are reading this, the likelihood is that you haven’t yet experienced what it’s like to live on a 6-figure income. Although of course, earning a substantial amount over the average UK wage means that you will have more money for the things you want, it doesn’t mean you should be frivolous with your cash and go on spending sprees at every opportunity. Many wealthy people maintain their money as they know how to manage it, and no matter how much you earn, it’s always a good idea to stay on top of your finances, so you don’t run into trouble.
Some of the top businessmen earning £100,000 per year say that they don’t feel rich, not because they aren’t earning enough but because they make sure not to be extravagant with their cash. No matter how much you are earning, using these top money-saving tips means that you can live well within your means and have enough money for the things you really want to splash out on such as holidays, investments for the future, properties and lifelong dreams.
Money-Saving Tips to Boost Your Income
Use Voucher Code Websites/Apps
From Groupon to Wowcher, you can get money off food, clothing, going out, events and more without having to pay full price. The best part is, you don’t have to compromise on quality, as you are simply saving money on brands and events you were going to buy anyway.
Get Store & Reward Cards
This is a great tip for anyone looking to save money, but especially if you do have some spare cash as it means you can get even more back. From airline reward schemes to supermarket loyalty cards, when you do splash out on a nice meal or a holiday, you can earn rewards every time you spend.
Buy in Bulk
Many people opt to buy the essentials in bulk though they may struggle with space as well as the initial high payment, even if it means saving more in the long run. However, if you are earning well above average, bulk-buying the essential items means that A) You have those ticked off your list and have the rest of your money to use as you please and B) You get some amazing savings in the long run; without running out of the essentials.
Manage Your Bank Accounts
Keeping an eye on where your money is going, what bills need to be paid and how much you have left over to spend on leisure is essential no matter how much you earn. Keep separate bank accounts for savings, bills and leisure to ensure you don’t run into any problems.