5 highest paid jobs and degrees
As degrees get more and more expensive, is uni still worth the cost? Cash in on your investment with a high-flying career like these ones!
Despite fees rising to £9,000+ per year and a jobs market that gets tougher by the day, government surveys still suggest that a degree can significantly enhance your lifetime earnings potential.
You can find out the average starting salary for your degree subject here, but for those of you attending university in order to really maximise your earning potential (aka get filthy rich!), we've done the research for you.
The full methodology is outlined below, but it's worth noting that these figures don't account for bonuses or other benefits. These figures would surely balloon if the extras were included!
We've also picked out some degrees that would lend themselves to entering these professions. Of course, don’t expect to go straight into the upper end of the salary range on day one – but if you want to make it there someday, these career choices might be for you.
So let's countdown the top five highest paid jobs in the UK!
5 highest paid jobs in the UK
Average salary: £75,577
All medical practitioners, from GPs to brain surgeons, require a medical degree before beginning training in their area of specialism.
This involves at least five years at medical school, before completing a compulsory two-year foundation training programme and then applying for training programmes in a speciality.
For those who aspire to become a consultant, further specialist training is required. The intensity and length of training is reflected in the salaries of those who make it to the top of the profession.
Be aware that competition for places on medical degree courses is fierce. Not only will you require high A-level grades in relevant subjects such as maths and science, but you'll also need some work experience in a caring role.
Doing your research and gaining the necessary experience is therefore essential before applying for a place on a medical course.
Information on volunteering opportunities that provide pre-entry work experience can be found on the Do-it website.
Marketing and Sales Director
Average salary: £78,876
Sales and marketing are imperative to the success of many organisations; it doesn’t matter how good your product is if no one knows about it! But marketing isn’t solely confined to the private sector – there are a diverse range of roles within the public sector and not-for profit organisations.
As a marketing executive you could be involved in anything from promoting a new product to raising awareness of a charity.
Like many sectors, marketing is highly competitive, with many employers preferring graduates with related degrees in marketing or business. Previous work experience is also an advantage, whether gained through internships, holiday jobs or placements.
You can also find a whole host of great specialised online courses in Marketing that you can do for free. These will keep you up to date on the latest practices (marketing evolves pretty quickly) and will look great on your CV.
Aircraft Pilots and Flight Engineers
Average salary: £84,761
Pilot salaries vary according to employer, experience and the type of aircraft they fly. Minimum entry qualifications required to train as a pilot are five GCSEs and two A-levels, although a degree may help you stand out against the competition.
While it's now possible to gain a BA in Air Transport with Commercial Pilot Training, degrees that demonstrate you have a thorough understanding of maths and physics may also provide you with an advantage.
An Airline Transport Pilot’s Licence (ATPL) is a necessary prerequisite, and in order to retain their licence, pilots are required to pass certain exams every six months.
A degree can therefore be a useful preparation for balancing studying around other commitments.
Air Traffic Controllers
Average salary: £87,889
Sticking with aviation, and it seems that this is the field to go into if you're after some sky-high wages.
Air Traffic Controllers have a huge amount of responsibility, so it's no surprise that they're handsomely rewarded for their efforts.
Coordinating hundreds (if not thousands) of departing and arriving planes every day is no mean feat, and aside from having five GCSEs, you'll need to pass the NATS course to become an Air Traffic Controller. Sounds simple enough, but fewer than 0.5% of applicants (15 out of 3,000) are successful each year.
So while a degree isn't necessary to become an Air Traffic Controller, the highly competitive nature of the application process is such that it won't hurt to have something extra to stand out from the crowd.
As the role involves problem solving and a lot of data interpretation and assessment, a degree in maths or computing will help you prove that you've got the skills they're looking for.
Chief Executives and Senior Officials
Average salary: £89,825
In the UK, Chief Executives may also be known as Managing Directors or CEOs, and are the highest ranking individuals within an organisation.
You'll be happy to hear that there are no stipulations for Chief Executives to hold any formal qualifications, and notably some of the world’s most famous CEOs (including Bill Gates, Mark Zuckerberg and Richard Branson), dropped out of uni without attaining a degree!
However, unless you follow in their footsteps and start your own company, you’ll find that most organisations require their head honchos to be educated to at least an undergraduate degree level.
Studying a business degree or similar is likely to set you in very good stead.
Many CEOs have previously served on the board of directors and may also have postgraduate or professional qualifications. Leadership skills and a thick skin are essential, too!
Of course, unless you have that million-dollar idea, it’s unlikely that your salary will hit six figures any time soon.
While the above salaries won't be available to recent graduates, don’t despair; a degree should still be seen as an investment in future earning potential.
And although there might not be a shortcut to the top earning careers, a relevant degree and work experience can help you gain a foothold on the occupational ladder.
How far you climb is up to you – good luck!
Data on average earnings is compiled and made available by the Office of National Statistic’s (ONS) Annual Survey of Hours and Earnings (ASHE).
The figures we've used were sourced from a BBC salary calculator. The BBCused its own methodology to produce these numbers, and you can read the full details on their website.
At the time of writing, the BBC's calculator had last been updated in November 2017.