Thursday, February 11, 2021

Which professions pay the most?

What is the list of the trades that pay the best? This question is not easy to answer because the data is scarce and scattered. We must successively focus on private sector employees, civil servants and independent professions, in order to draw a portrait of the best paid professionals entry level engineering jobs.

Right off the bat, let's turn on a - big - flashing light, for several reasons. Do not go looking for detailed and recent figures, they are not published. For the private sector, we must therefore be satisfied with partial data, which date from 2012 ... They were calculated by the Ministry of Labor in a document published in 2015  [ 1 ]. Second, and above all, the data for the private, public and independent industries are not based on the same bases or on the same years. For the private sector and the self-employed, we have retained, for lack of a better solution, the remunerations of the 10% best paid within professional categories which are sometimes quite broad, which can lead to leaving professions in the shade that a nomenclature more precise could bring to light. For the public, we use the average salaries of positions at the top of the hierarchy. In short: these data are orders of magnitude to understand how much you can earn at work when you are at the top of the scale. Obviously, there is always higher: by using the entry threshold in the 10% best paid of a trade, we do not observe here the incomes of the top of the top, which can be much higher.

In the private sector

At the very top of the salary scale, we find "executives of transport, logistics and aircrew" (a category which includes in particular airline pilots, who raise salaries upwards), for whom the best paid 10% receive at least 7,000 euros net monthly. They are followed by salaried doctors (the majority of doctors practice in private practice, let us not forget, and are therefore not salaried) with a salary of at least 6,400 euros, and by executives of the bank and insurance companies. (more than 6,000 euros). Next come other business executives, researchers, senior communications and information executives, followed by computer engineers. All young computer engineers, however, are far from touching 5,000 euros per month.

In the public sector

Some civil servants, civil servants or contract workers, also earn a very good living. We enter the best paid 10% (around 500,000 employees) from 3,260 euros net per month and into the best paid 1% (50,000 employees) from 6,410 euros  [ 2 ] . About 5% of civil servants receive more than 4,000 euros per month, double the median civil service salary. A large part of these high salaries are made up of doctors and hospital directors: they represent more than half of the top 1% in the public, while the hospital public service represents 22% of the public sector workforce.

Management jobs abroad (posts in embassies, consulates, etc.) in the state civil service are the best paid with an average salary of 13,800 euros net per month. Still in the State civil service, then come the senior management positions known as “at the decision of the government” (prefects, ambassadors, CEOs of public enterprises, etc.) with 10,500 euros per month on average, then general administrators. public finances (such as the general treasurer-payer) which affects 8,300 euros. Please note: these are small numbers. On average, the senior management staff of the State receives about 6,600 euros net monthly, all ages combined.

The self-employed

It is almost impossible to know who are the best paid among the self-employed - more than three million people, or about 10% of those who are employed. For this category, INSEE does not disseminate data by profession, but by sector of activity. However, in the same sector, we can have very different professions and very heterogeneous salaries. We sorted the self-employed according to the standard of living of the richest among them in terms of monthly earned income. This makes the richest appear but also masks the income inequalities that exist in each sector of activity.

Lawyers and accountants are in the hierarchy: the top 10% have net income per month of more than 19,000 euros. They are followed by doctors and liberal dentists, with at least 17,700 euros per month, pharmaceutical businesses and insurance and finance activities, with more than 13,400 euros. Then there are veterinarians, non-employees in management consulting, wholesale trade, or even architects  

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