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|Manager salaries - 1,693 salaries reported||£75,313/yr|
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2 years ago
Fishes, need advice. I dipped my toe in the market and now have an offer that is $100k more than my current salary (in industry, as a program manager). Spoke to my lead partner and they’ve been able to increase my pay by $9k (lol). I don’t feel ready to leave consulting as I’ve come from industry. What would u do?
The average salary for a Manager is £56,377 per year in United Kingdom. Salaries estimates are based on 42893 salaries submitted anonymously to Glassdoor by a Manager employees in United Kingdom.
The highest salary for a Manager in United Kingdom is £83,523 per year.
The lowest salary for a Manager in United Kingdom is £38,885 per year.
Pay for managers varies widely, since the job title encompasses many possible industries and responsibilities. Managers are typically paid at a premium to more junior team members, as compensation for their additional work training, supervising, and coaching other employees. Managers can increase their pay by progressing into executive-level positions such as management executive, chief executive officer (CEO), chief strategy officer (CSO) or a similar role. They may require additional training or a Master of Business Administration (MBA) degree in order to reach these positions.
While managers work in a variety of industries, some are better paying than others, and it can be challenging to switch to a very different field later on. A degree in a related field, such as business will give you a head start, but an MBA will give you an edge over the competition and the potential to earn more. Some companies will even require a master’s. Your personality will be key to your success too, as skills such as leadership, and motivating and training employees are an inherent part of the job.
Networking is a valuable tool as well, because building professional connections within your industry can open up opportunities for development. It's important to stay flexible and adaptable in the ever-changing landscape of the business world, learn new skills and adapt to new technologies as this can help you stay competitive and valuable as a manager.
Searching for a new manager job and asking for a pay rise at your current position are the two strategies you can consider to make more money in the short term as a manager. Before doing either, research the market rate of a manager in your industry and area and with your experience. This will help you determine how good your current salary is and make it easier to filter vacancies offering low pay.
No matter which you decide on, frame the conversation positively and always focus on what you can contribute to the company, not the ways in which the company can help you. A good manager is a valuable asset to any business and companies are usually willing to pay the extra for a good one.
About 65.31% of Manager professionals feel satisfied with their salary, according to anonymous Glassdoor ratings. An additional £6,594 in potential pay per year, among other factors, can qualify the annual pay of a Manager in United Kingdom as a good salary.
Manager professionals in United Kingdom have a wide total pay range, between £28,206 and £121,969 depending on experience, with an estimated total pay of £56,377 following the average career path of a Manager.