Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

£48,247 is the highest salary the average young Brit expects to earn

by August 31, 2022
August 31, 2022
£48,247 is the highest salary the average young Brit expects to earn

What did you want to be when you grow up? It’s the classic question posed to children by parents and teachers around the world.

The typical response usually cites career aspirations such as becoming a firefighter, doctor, nurse, sportsperson, and an astronaut, of course.

But, as children become young adults ready to embark on their chosen career paths, the realities of being an adult, which often is heavily influenced by financial factors, means many of these earlier career aspirations change as a greater emphasis is placed on earnings potential, rather than a love for that chosen field.

Moreover, as the housing crisis for first time buyers shows no signs of abating, and inflation soars to a 40-year high, many young people are eager to set themselves on career paths in order to make as much money as possible, in the shortest time frame.

Now it has emerged that £48,247 is the highest salary that the average young person in the U.K. expects they will earn.

This is 54 per cent higher than the average salary in the UK, at £31,285.

Different regions have different aspiration levels, according to the survey by Purple CV.

Londoners, for example, have the highest salary expectations – young people here expect to earn a lifetime best salary of £74,728 which makes sense given that the capital is home to the highest property prices and cost of living levels.

Expectations of salaries in the North East are the lowest, with a value of £37,369, but still above the national average.

And across the Irish Sea, young Irish people expect a career high pay of €66,478.40 pa, equivalent to approx £56,000.

Best-paying jobs

When it comes down to earning expectancy across different industries, current figures revealed the top five highest-paying jobs in the UK are:

Tax partner

With an average salary of £124,000.00 per year, this kind of position manages all tax engagements to ensure they meet compliance standards, as well as deadlines. Given the niche skill involved in managing this kind of finance, it’s no wonder the earning expectancy is so

Head of sales

Involving overseeing all sales teams and operations of a company to drive profitability, this position has an average yearly salary of £116,000.00. Considering these efforts are directly linked to a company’s profits, it’s easy to see how this position pays so well.

Chief financial officer

This senior executive position is in charge of leading all the financial activities of a company, including putting any corrective measures in place to improve overall economic health. The average salary is £112,500.00 per year.

Consultant dermatologist

This specialised position, focusing on skin conditions and diseases, has an average yearly salary of £100,000.00. Dermatologists also typically provide cosmetic treatments, including fillers, botox injections and laser procedures.

Vice president of engineering

With an average yearly salary expectancy of £99,300.00, this kind of position directs, manages and coordinates all engineering staff and operations, providing support across a host of projects.

Read more:
£48,247 is the highest salary the average young Brit expects to earn

0
FacebookTwitterGoogle +Pinterest
previous post
Staff at nine train companies to stage 24-hour walkout in September, TSSA union says
next post
The New Deal and Recovery, Part 21: Happy Days

You may also like

How often should you update your website content 

January 31, 2024

Navigating Tax Obligations for Your Business: Essential Insights

September 2, 2024

Conservatives plan letter from SME backers in final...

July 3, 2024

Q&A with State Representative Ron Eugene Reynolds

August 7, 2024

Over three quarters of UK businesses expect performance...

May 30, 2023

MPs Warn Sunak’s £1bn Rural Mobile Network Plan...

May 29, 2024

Jaguar Land Rover owner ‘seeks £500m UK subsidy...

March 2, 2023

British Steel owner preparing to cut as many...

October 23, 2023

Netflix doubles down on UK productions despite slowdown

April 27, 2023

How does the workplace impact productivity?

February 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Hegseth abruptly pulls Pentagon officials from ‘globalist’ Aspen conference

      July 15, 2025
    • Mike Waltz faces post-Signalgate ‘brutal’ grilling from Dems in UN ambassador hearing

      July 15, 2025
    • SCOOP: Fiscal hawks fire warning shot at Senate GOP for pushing changes to Trump’s $9.4B spending cuts bill

      July 15, 2025
    • ‘Better access’: Bipartisan Senate push to fund farmers suicide prevention fund gains steam

      July 15, 2025
    • Decline in pension fund demand for UK bonds could drive £20bn surge in borrowing costs, OBR warns

      July 15, 2025
    • How a £400,000 fund in Oxfordshire shows the future of community investment

      July 15, 2025

    Categories

    • Business (8,483)
    • Investing (2,121)
    • Politics (16,043)
    • Stocks (3,209)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved