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London salaries for 2019: Which jobs will bag you a pay rise?

Talent has rarely been so in demand as it is in 2019

Data from recruiter Robert Walters annual salary survey has revealed what salary hikes each London sector can expect in 2019.  By taking a look at the table below: you can check what rivals are paying, or perhaps realise that it’s time to get into another industry altogether.

On average, Londoners can expect to earn a three per cent pay rise in 2019, though contractors will earn a nine per cent pay rise on average.

However, if you’re in the financial services industry, you may have to wait to see your salary go up – Brexit-related uncertainty is weighing on the City as the industry holds its breath to see whether the UK will even end up with a deal.

Outside of the capital, salaries are rising at an even faster pace.  In the North West, salaries will see a 7 per cent increase, while Midlands contractors can expect to earn 11 per cent extra.

Chris Hickey, UK boss of Robert Walters, said: “The UK remains a ‘two-speed economy’, with London-based financial services firms experiencing slow growth due to Brexit-related concerns, while non-financial services companies outside of London experienced much faster growth.

“Manchester, Leeds and Birmingham have been particularly successful in positioning themselves as regional tech-hubs, attracting talent that would have historically migrated to London.”

The percentage change by sector is as follows:

Job 2019 salary Percentage change in 2019
Accounting and finance £79k +9 per cent
Legal in-house £74k No change
Legal private practice £112k +6 per cent
Procurement £89k +6 per cent
Financial services analyst £43k No change
Financial services associate £59k No change
Financial services manager £73k No change
Technology £85k +7 per cent

 

And here are the job sectors in London boasting the biggest salary hikes on 2018:

Job Percentage salary change in 2019
Accounting and financial
In-house +5 per cent
Commercial +13 per cent
Interim CFO +8 per cent
Interim SME finance director +12 per cent
Interim business change +5 per cent
Internal audit +8 per cent
Legal
Private practice +6 per cent
Compliance +22 per cent
Risk +10 per cent
Procurement +6 per cent
Chief procurement officer +6 per cent
Senior buyer +9 per cent
Risk +10 to +20 per cent
Tax
Head of tax +16 per cent
Banking contractor +12 per cent
Investment banking
Derivatives trade support analyst -19 per cent
Manager -6 per cent
Relationship management -15 per cent
Data management -11 per cent

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