I wrote a post some months ago about how London now requires £500k of income a year – at least according to some high-achieving friends of mine, based on the privileged way they live their lives. They are one per centers who deserve their success but they do identify with ‘the squeezed middle’. But given the interest in that post I thought it worth discussing exactly what sorts of careers earn how much in London right now.
Obviously I don’t have full knowledge of every Londoner’s personal finances. I do however help hire (and occasionally fire) people in London’s private sector on a frequent basis, and have experience of this in large companies and small. This gives me some useful data points. I’m sure there are myriad exceptions to my general rules, but here goes anyway. I would summarise London’s current pay strata as follows: Read the rest of this entry »