Business

These are the UK’s highest paying companies for start-ups


The economic turmoil of the past few years has put young people at a great disadvantage at the start of their careers, which makes securing a well-paying job a bigger priority.

Global job site Glassdoor found that financial transaction processing company Thought Machine offers the highest salary for a beginner job, with an average base salary of £60,000 ($76,409). . The average UK gross salary in January 2022 was £596 a week, or £30,992 a year, according to Office of National Statistics.

In its rankings, released Wednesday, Glassdoor identified the companies offering the highest-paying positions by viewing more than 100,000 salary reports on its website for the year to the end of March. , posted by both former and current employees. It classifies entry-level jobs as roles that require less than 2 years of relevant experience and as non-senior positions.

The findings come as the UK grapples with a cost of living crisis, with Inflation hit a 30-year high of 7% in March, as Russia’s invasion of Ukraine helped fuel soaring food and energy prices. The latest shock to consumer finances comes after two years of economic uncertainty due to the Covid-19 pandemic, with Young people are hardest hit.

In fact, more than half of young people in the UK believe the pandemic has negatively affected their career opportunities, while a similar proportion believe there are fewer jobs than before the crisis. That’s according to a separate Glassdoor survey of 1,000 UK adults aged 18 to 25, conducted in early April.

So it’s no surprise that, in such a challenging economic climate, 53% of those surveyed said salary is the most important factor when considering where to work.

Giant technology Metaformerly Facebook, was named the second highest paying company for entry-level jobs in the UK, with an average base salary of £57,000.

Financial services company The Macquarie group came in third place, with an average salary of £55,000 for non-senior roles. In fact, financial services firms make up 8 of the 10 best paying startups.

However, Glassdoor EMEA economist Lauren Thomas said “wage is not the only factor considered when determining where to work.” She cited other findings in the survey, which showed that the company’s culture and values, as well as its senior leadership team and available career opportunities, maintained employee satisfaction.

Even so, here is a list of companies that offer the best salaries for entry-level positions in the UK

Top 10 highest paying companies for entry-level jobs in the UK



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