If you are currently residing in the UK and you would like to earn some extra cash on the side, then follow this blog post to find out which 5 jobs pay the best in the UK.
While earning cash is always nice (and fun), I prefer to list these jobs since they can also help you secure your financial future ==> They all offer valuable non-financial perks that should not be underestimated!
Real estate developer
The real estate industry is becoming an increasingly large playing field for multibillionaires. So, as property value is on the rise, real estate developers are, quite literally, building their wealth with commercial and residential development projects.
In order to win a place in the grown-up real estate table, you first need to expand your knowledge in the field. Getting experience as a real estate agent first and learning about the local market is a good way to tap into this lucrative industry. In fact, the world’s richest real estate tycoon, Hui Ka Yan, started his career by purchasing low-price properties across China before gradually moving on to bigger ventures. Currently, his company boasts over 800 projects under its belt, earning him nearly $30 billion in personal profits.
Surgeon
Becoming a surgeon is as demanding as it is rewarding. Although it might take years of intensive training to attain the title, your efforts are rewarded with a hefty salary as well as the skills to save lives.https://20c4ee1107d3a9cc745d7ba7feca7fe7.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
The best of the best, however, make a lot more than the average surgeon in their field. Outside the operating theatre, surgeons devote their time in conducting innovative research and developing groundbreaking medical treatments. For some, this noble cause can prove to be a great source of wealth – case in point: Dr Patrick Soon Shiong, a pioneer of cancer treatment and the richest surgeon in the world.
Personal Services Managers
- Annual salary: $123,980
- Annual salary after federal taxes: $93,732
- Annual income after average expenditures: $31,983
How long it takes to become a millionaire: 31 years, 2 months and 30 days
See: 13 Blue-Collar Jobs That Turned People Into Millionaires
Political Scientists
- Annual salary: $124,100
- Annual salary after federal taxes: $93,813
- Annual income after average expenditures: $32,064
How long it takes to become a millionaire: 31 years, 2 months and 1 day
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Health Specialties Teachers, Postsecondary
- Annual salary: $124,890
- Annual salary after federal taxes: $94,354
- Annual income after average expenditures: $32,605
How long it takes to become a millionaire: 30 years, 7 months and 24 days
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Nuclear Engineers
- Annual salary: $125,130
- Annual salary after federal taxes: $94,518
- Annual income after average expenditures: $32,769
How long it takes to become a millionaire: 30 years, 5 months and 29 days
Find: What Does Earning a Six-Figure Salary Mean and Do You Need One To Build Wealth?
Optometrists
- Annual salary: $125,440
- Annual salary after federal taxes: $94,730
- Annual income after average expenditures: $32,981
How long it takes to become a millionaire: 30 years, 3 months and 18 days
Pharmacists
- Annual salary: $125,460
- Annual salary after federal taxes: $94,743
- Annual income after average expenditures: $32,994
How long it takes to become a millionaire: 30 years, 3 months and 14 days
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General and Operations Managers
- Annual salary: $125,740
- Annual salary after federal taxes: $94,935
- Annual income after average expenditures: $33,186
How long it takes to become a millionaire: 30 years, 1 month and 9 days
Training and Development Managers
- Annual salary: $125,920
- Annual salary after federal taxes: $95,057
- Annual income after average expenditures: $33,308
How long it takes to become a millionaire: 29 years, 11 months and 31 days
Computer Hardware Engineers
- Annual salary: $126,140
- Annual salary after federal taxes: $95,208
- Annual income after average expenditures: $33,459
How long it takes to become a millionaire: 29 years, 10 months and 11 days
Astronomers
- Annual salary: $126,250
- Annual salary after federal taxes: $95,283
- Annual income after average expenditures: $33,534
How long it takes to become a millionaire: 29 years, 9 months and 18 days
Air Traffic Controllers
- Annual salary: $127,440
- Annual salary after federal taxes: $96,097
- Annual income after average expenditures: $34,348
How long it takes to become a millionaire: 29 years, 1 month and 2 days
Take a Look: The Best Jobs in America
Computer and Information Research Scientists
- Annual salary: $130,890
- Annual salary after federal taxes: $98,455
- Annual income after average expenditures: $36,706
How long it takes to become a millionaire: 27 years, 2 months and 22 days
Judges, Magistrate Judges and Magistrates
- Annual salary: $131,850
- Annual salary after federal taxes: $99,110
- Annual income after average expenditures: $37,361
How long it takes to become a millionaire: 26 years, 8 months and 29 days
Purchasing Managers
- Annual salary: $132,660
- Annual salary after federal taxes: $99,665
- Annual income after average expenditures: $37,916
How long it takes to become a millionaire: 26 years, 4 months and 9 days
Actor: Yes, this is such a long shot that you should forget about it altogether. First, you would probably have to move to the U.S. Second, SAG and AFTRA represent over 240,000 actors in the U.S. Their average annual income is below $5,000, and fewer than 100 of them are “stars.” (source: The documentary, That Guy…Who Was in That Thing) But at the top, Robert Downey Jr. raked in an estimated $80 million last year.
Physician/surgeon: No surprises here, right? It’s no secret that doctors make decent money. According to a January, 2013 report by the Canadian Institute for Health Information, “The average gross clinical payment in 2010–2011 was more than $307,000 per physician.” We’re not going to list every single medical profession that pays well here. Suffice to say that specialty physicians, surgeons, anesthesiologists and dentists all do pretty well. This is, however, one area that requires a huge investment of time and money. And you have to pay back all those student loans before you can get that million.
Investment banker: Bankers make a lot of money, but they work crazy hours. Commonly between 80-120 hours a week. A large portion of their wages come from the bonus portion of the compensation which partly explains why people in these roles work such long hours. Third-year analyst’s compensation is roughly $120,000 -$350,000, a third-year associate’s as $250,000 – $500,000, a vice president’s as $350,000 – $1.5 million and a managing director or partner’s compensation at $500,000-$20+ million.
Engineering manager: According to Wisegeek.com, an engineering manager has “four areas of responsibility: supervising engineers or engineering technologists, project management, working with clients, and providing advice and acting as a resource.” This job has been listed as one of the highest paying by The Richest and one of Canada’s highest paying by CNN Money. Listed average salaries range from $113,000-$140,000.
Software developer/software architect: Software developer has been named among the top jobs in the world to have for good working conditions, low stress and high salary. At the high end, these roles pay six figures. Meanwhile, CNN Money lists a software architect’s salary at a median of $119,000 and a high of $162,000. If you don’t know the difference between these two jobs, they’re probably not for you.
Product management director: The description for this one varies, but it’s pretty much what it sounds like. A product management director oversees the development of products for an organization, guiding whatever it is – websites, software, tangible product – from strategy to execution. Payscale.com lists the salary of a product management director in Canada as ranging from $85,496 – $158,558.
Actuary: Actuaries manage risk, using past and present data to help businesses protect themselves from financial loss. According to beanactuary.org, the required skills include, specialized math knowledge, [including] calculus, statistics, probability; keen analytical, project management, and problem solving skills; good business sense; finance, accounting, economics; and strong computer skills, including formulating spreadsheets, statistical analysis programs, database manipulation, and programming languages. Experienced actuaries can earn from $150,000 to $250,000 a year.
Corporate lawyer: Not all lawyer salaries are created equal – public interest lawyers, for example, fall at the lower end of the earning scale. And there is apparently a growing discrepancy between expected lawyer salaries and actual lawyer salaries. But corporate lawyers tend to do pretty well in general. Payscale lists Canadian salaries for a corporate lawyer at $51,428 – $208,541. Getting a job as a lawyer in Canada usually requires an undergrad degree, a law degree and an articling position.
Management consultant: Sometimes is seems like if you just throw “consultant” in front of a business-y sounding word, you can command whatever salary you want. A management consultant, according to The Canadian Association of Management Consultants, is an independent professional who helps organizations by “solving management and business problems, identifying and seizing new opportunities, enhancing learning, and implementing changes.” Consultants starting out with an MBA start in the $100,000 range, but with advancement these salaries can rise to over $800,000.
Conclusion
There is a new wave of jobs appearing on the horizon, and these so called “gig economy” jobs pay well, don’t require special qualifications, and also require very little commitment schedule-wise. This article hopes to awaken your interest about new jobs that pay well, and how to get started with them.