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Which Industries Have The Best Salary Increases?

posted by Rob on Wednesday, 13 November 2019

Fresh analysis at Oxbridge reveals the best industries with the best salary increases in the UK. Our research examines the latest ONS (Office of National Statistics) data to understand salary breakdown by industry.

From there, we were able to determine the average weekly salary changes in each industry over the last five years. Moreover, it enables us see the impact these changes have on career choices and the decisions our students might take.

When choosing a new career, job security and potential salary increases are important factors. After all, there’s nothing better than doing a job you love and getting paid well to do it.

Below, we detail which industries have the best salary increases.

How Have Salaries Changed In The Last Year?

Our research highlighted that nearly all industries experienced some form of salary increase within the last year. However, the Manufacturing (Engineering and Allied specific industries) and Arts, Entertainment and Recreation industries both saw no change. Other Service activities saw a 3.48% decrease from £402 in 2018 to £388 in 2019.

Most notably, Administrative and Support Service roles have seen the best salary increases in the last year. The industry has enjoyed a 9.26% increase year on year, from average weekly earnings of £432 in 2018 to £472 in 2019.

How Have Salaries Changed In The Last 5 Years?

As well as year on year, Administrative and Support Service roles have seen the best salary increases in the five years overall, with an incredible increase of almost a quarter (24.87%).

Manufacturing (Food Products, Beverages and Tobacco), Financial and Insurance activities, Transport and Storage, and Retail Trade and Repairs made up the remainder of the top five industries for salary increase over the last five years. Each of these industries have seen more than 10% increases between 2015 and 2019.

Rank Industry Percentage Increase
1 Administrative and Support Service Activities 24.87%
2 Manufacturing – Food Products, Beverages and Tobacco 13.70%
3 Financial & Insurance Activities 12.68%
4 Transport and Storage 12.15%
5 Retail Trade and Repairs 11.97%
6 Accommodation and Food Service Activities 11.59%
7 Agriculture, Forestry and Fishing 11.36%
8 Information and Communication 11.04%
9 Health and Social Work 10.78%
10 Education 10.58%

Should This Data Impact Career Decisions?

The most important thing in any career is loving what you do. It’s about finding a role or industry in which you can grow and enrich your life.

What’s really positive from these statistics is that areas such as Education, Health and Social Work, and Administrative and Support Services ranked highly for salary increases. Thus, these areas are potentially ideal starting places when considering a career change.

If you’re looking to move into Education for instance, Teaching Assistant courses are a wonderful entry point. The courses then have multiple levels, enabling you to progress within you career and achieve those higher salaries.

Health and Social Care courses open up a world of potential employment opportunities. From working with the elderly to supporting children and mindfulness. Those who begin in Health and Social Care often progress into teaching or counselling roles. The skills you gain from these courses are extremely transferable.

Finally, with the highest average salary increase, Administrative and Support Services roles can cover a wide range of topics, from Accounting and Bookkeeping to Business courses. Again, these skills are super transferable and will allow you to work across a number of industries with great success.