Most entry level jobs are more or less minimally paid internships. Not all entry level jobs are created equal though. These are some well-paying ones.
It is generally accepted that entry level jobs are just stepping stones to help young graduates acquire experience and knowledge. Entry level jobs are great in that regard but usually lack great financial rewards. At least most of them do; it is possible to get an entry level job that also pays a decent salary.
According to Businessinsider, there are many jobs for young graduates that pay relatively well. They require no experience whatsoever and have great future earning potential. Fair warning though although these jobs may pay well, the competition when applying can be relatively high. As a baseline, the average salary in the U.K. for entry level jobs is £25,000 according to totaljobs here are some entry level jobs that pay a lot more.
Mathematics - £39.000
The breadth of career options that a Mathematics degree offers today is immense. Technology/Online companies are thirsty for people that can extrapolate patterns from “Big Data” and algorithms to automate processes. Financial companies always need a steady stream of individuals that can run statistical analyses and watch global markets, some industries have even hired Mathematicians to help problem solve and streamline production methods and the degree (with continuing education) also offers a path into academia.
I would be remiss if I didn’t mention that getting a degree in Mathematics can be a gruelling process and although not necessary, and an advanced degree or a specialisation is highly recommended. Even considering these conditions, though, a degree in Mathematics will get you a job that pays £14,000 above the U.K. national average.
Mechanical Engineer - £39.000
Engineering, in general, has never fallen out of favour with employers. It is the perfect cocktail of physics, mathematics and problem solving but with real world applications. The amount of industries that a Mechanical Engineer can work in is immense, and most of them are very lucrative. Thus Mechanical Engineers are always in demand and always well compensated. Some of the industries that a Mechanical Engineer can work in are: defence/military, aerospace, construction and many more. The great thing is that the demand for people with degrees in the hard sciences (or STEM degrees: Science, Technology, Engineering and Mathematics) is extremely high, and the high initial salary reflects this fact.
Much like Mathematics, though, don’t expect a college experience that you would expect to see in an American film. This field of study is demanding, hard to enter and even more difficult to stay in. According to the telegraph.co.uk engineering students are the second most likely to drop out. If you have the audacity to persevere though your initial salary will be £15,000 more than the national average.
Science - £40,400
I know this may seem broad and all encompassing, but usually when the business world refers to “science” they mean Physics, Chemistry and the Engineering off-shoots of the aforementioned. This can include biologists, biochemists, chemical engineers and material engineering. It can be an extremely exciting and rewarding line of work because in most cases Science majors will dedicate the majority of their time to research.
Again, they don’t call them “hard” sciences for nothing; they are extremely challenging fields of study that may or may not make your hair go white at the conclusion of four years of tutelage.
Architecture - £40,700
If you thought this list was going to be composed completely of maths and engineering degrees, then you would be wrong, partially. Architecture is the overlap of creativity and science, which allows for creativity within the restraints of the materials and of course Physics. It also takes about 7 years to become a fully approved architect. Although that might sound a bit distressing, this means that most jobs at a graduate level, come with a high salary.
The field of Architecture is a competitive one, so prepare yourself for gruelling interviews and high paced/demanding workplace. On the other hand are there many other jobs out there that allow you to design and implement entire buildings?
Finance - £40,900
Of course, you would find a job in the financial sector on this list because making and moving money pays and has always paid extremely well. Although the sector took quite a hit during the recession, it is slowly gaining momentum as indicated by the high demand for Finance graduates. Finance doesn’t offer the same diversity in regards to career choices as the other jobs on this list, but it more than makes up for it with the amount of positions available.
As a Finance graduate, you can work in accounting, banking, wealth management, financial analysis and stock brokerage. You can make extraordinary amounts of money especially if you deal in “sales” side of finance as in brokerage or stock trading. You don’t need any experience, but you always need to be closing.
Economics - £41,144
Technically Economics and Finance can easily be interchangeable, and they often vie for the same jobs in the same field. So you will see a plethora of Economics majors in banking, wealth management and stock brokerage. The main difference between the two is the fact that Economics are more academic and thus can also be employed as statisticians, instructors/trainers and even in Economic policy think tanks. They can also be hired as consultants in a wide range of industries, especially multi-nationals.
Economic majors, much like Finance majors have very high earning potential especially when they reach the 5-year experience plateau. Consulting is also a highly compensated field that Economic majors can pursue, assisting organisations and companies with financing, investment portfolios and minimising overhead/increasing profit margins.
Computer Science - £41,950
Some of the most famous/infamous billionaires in recent memory had something to do or started in the computer science sector. From Larry Page and Sergey Brin to Mark Zuckerberg and Bill Gates, the thing all of these filthy rich individuals have in common is a computer science degree. As various industries across the world adopt cloud-based business solutions and smart analytics, computer engineers will become more and more sought after. After all, what could be more marketable than dealing with a device that is practically ubiquitous?
Computer scientists can be found in practically every single industry. In most fields, they are the most frequently blamed and also the most frequently called upon person when things go wrong. Computer scientists can be self-employed, work freelance or as independent contractors.
Now that you have heard about these professions and fields of study, would you like to add anything? Is there something that I should have added to this list? Do have experience working in any of these fields and would like to share your insight? Let us know in the comment section below!