A financial technology company headquartered in London pays the best <a href="https://www.thenationalnews.com/world/us-news/2022/04/08/walmart-increases-starting-us-lorry-driver-pay-to-as-much-as-110000year/" target="_blank">starting salary</a> in the UK, according to new research. Entry-level employees at Thought Machine can expect to earn £60,000 ($75,000) when they start their role, says online recruitment website Glassdoor. The generous compensation is nearly double the average British salary, which stood at £31,772 ($39,751) in 2021, according to data from the UK’s Office for National Statistics. Glassdoor’s list of the 50 best-paying companies for Gen-Z job-hunters was dominated by financial firms, including long-established investment banks and <a href="https://www.thenationalnews.com/business/money/amazon-like-future-awaits-banks-as-virus-hastens-online-push-1.1043782" target="_blank">FinTech</a> disruptors. Eight of the top 10 were in the financial sector. Firms in the technology, legal and consultancy spheres made up the rest of the list. Researchers analysed more than 100,000 anonymous pay reports on its website over the past 12 months up to March 2022. The entry-level positions required less than two years of relevant experience and did not have management responsibilities. Social media giant <a href="https://www.thenationalnews.com/uae/2022/03/30/metaverse-should-be-renamed-because-zuckerbergs-meta-doesnt-own-it-says-william/" target="_blank">Meta</a>, the parent company of Facebook, came in second place by offering £57,000 for those at the start of their careers. Third place was taken by the Macquarie Group, a financial services company that offers an average starting salary of £55,000. Other notable entries include internet travel company Expedia (26), which offers £44,250, and search engine monolith Google (47), which pays £35,000 to early-career hires. Lauren Thomas, Glassdoor’s EMEA economist, said that while attractive remuneration was an important factor in any job, this shouldn’t be only consideration for young employees. “Once in a job, it’s a company’s culture and values, senior leadership team and the career opportunities available that drive employee satisfaction,” she said. “To entice Gen-Z employees, companies should focus on mentorship, learning and development. Investment of this sort has proven difficult for employers in the post-pandemic, remote-first environment, but it is exceptionally important to young workers.” 1. Thought Machine - £60,000 2. Meta - £57,000 3. Macquarie Group - £55,000 4. Goldman Sachs - £50,000 5. Bank of America - £50,000 6. Deutsche Bank - £50,000 7. BlackRock - £50,000 8. BNP Paribas - £50,000 9. Credit Suisse - £50,000 10. Clifford Chance - £50,000 11. Boston Consulting Group - £50,000 12. Nomura Holdings - £50,000 13. TPP - £50,000 14. Bloomberg LP - £49,000 15. L.E.K. Consulting - £49,000 16. Linklaters - £48,500 17. Morgan Stanley - £47,500 18. Oliver Wyman - £47,000 19. Allen & Overy - £46,500 20. Herbert Smith Freehills - £46,000 21. EY-Parthenon - £46,000 22. McKinsey & Company - £45,000 23. UBS - £45,000 24. Freshfields Bruckhaus Deringer - £45,000 25. FactSet - £45,000 26. Expedia Group - £44,250 27. JPMorgan Chase & Co - £43,500 28. Microsoft - £42,000 29. Strategy& - £42,000 30. Salesforce - £40,000 31. London Stock Exchange Group - £40,000 32. M&G -£40,000 33. Schroders - £40,000 34. Checkout.com - £40,000 35. Newton Europe - £38,500 36. Cisco Systems - £38,009 37. Multiverse - £38,000 38. OneTrust - £38,000 39. FTI Consulting - £37,000 40. Gartner - £37,000 41. Ocado Technology - £37,000 42. Barclays - £36,500 43. Arm - £36,000 44. Lane Clark & Peacock - £36,000 45. Baringa - £36,000 46. Financial Conduct Authority - £35,700 47. Google - £35,000 48. AlphaSights - £35,000 49. Capital One - £35,000 50. BP - £35,000
