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Did you choose your career knowing what you might earn in 15 years' time?


Of course money isn't everything, but when thinking about what career to pursue when leaving school or university many people will look at starting salaries. In fact, very few people go into a profession with a real understanding of what to expect to earn 5, 10 or 15 years into a career, but this information will inevitably have a big impact on your life plans.


The rate at which salaries and bonuses increase with experience actually varies dramatically for different professions, and thereare actually some really interesting trends:


Average salaries in local government, accounting, marketing, HR and media vary by just 5k (less than 16%) for executives with less than 5 years' experience. However, 15+ years into a career the difference between media and local government is as much as 63k, with media executives earning 87% more. Marketing, media and accounting professionals can expect to get their biggest pay rises after 5 years' experience, with 75%, 83% and 67% respectively. HR professionals see an 85% increase when they reach 10 to 15 years' experience. Average salaries in the charity sector are typically the lowest of the professions compared, but the stats reveal a huge step up for executives with over 15 years' experience, usually taking up the top charity management roles.


The breakdown of average salaries by profession and experience level are as follows:


Less than 5 years

5 to 10 years

10 to 15 years

15+

Local Government

34,000

48,000

63,000

72,000

Charity

29,000

41,000

47,000

76,000

Accounting

31,000

52,000

67,000

97,000

Marketing

32,000

56,000

93,000

121,000

HR

36,000

55,000

102,000

124,000

Media

36,000

66,000

97,000

135,000

Legal

58,000

92,000

133,000

179,000

Finance

67,000

152,000

240,000

304,000

 

Emolument provides bonus and salary statistics based on data submitted directly by professionals like you. It is free, anonymous, and already a trusted tool for thousands of professionals worldwide. Are you paid enough? Click here to find out now.


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