UK jobs: These are the best-paying industries for freelancers to work in, finance and tech top the ranking
The best paying contracting jobs are mostly in the finance, change and IT sectors, according to new research from Emolument.com.
The best-paid role for a contractor is in the finance sector, with risk modelling/quant jobs coming with an average daily rate of £760.
And despite the headlines about technology ‘wonderkids’ being offered eye-watering pay packages, Emolument said, the highest paid IT contractors are “still the ones with substantial experience” such as IT senior management, at £570/day.
Change management jobs are also well-represented among the best paying contracting jobs, although Emolument pointed out that these roles are high-stakes “as change projects can dramatically impact a company’s bottom line”, and as such, are temporary by nature.
“More and more, companies require specific skills and competencies at a given point in time which make the contractor model particularly attractive for employers, prepared to pay up for a targeted solution,” said Alice Leguay, co-founder & chief marketing officer at Emolument.com.
“Contractors also enjoy the freedom and job variety afforded by a consulting model, though rates vary widely, with some specialism affording much more financial security and visibility than others as our study shows.”
The table below shows the top 20 roles and sectors, ranked by daily rate:
1
Finance
Risk Modeling/Quant
£760
2
Change Management
Risk Change
£730
3
Management
Programme Management
£640
4
Finance
Model Validation
£610
5
Change Management
Finance Change
£570
6
IT
IT Senior Management
£570
7
Consulting
Strategy Consulting
£570
8
Finance
Credit Risk Management
£520
9
Data
Business Analysis
£505
10
IT
Enterprise Architecture
£505
11
Finance
Operational Risk Management & Risk Analytics
£505
12
Management
Project Management
£500
13
Finance
Corporate & M&A Strategy
£495
14
IT
IT Service Delivery
£485
15
Change Management
Operational Change
£475
16
Product
Product Manager
£475
17
IT
IT Security
£450
18
Outsourcing
Procurement & Purchasing
£445
19
IT
Software development
£430
20
Data
Data Analysis
£425