Data modellers can make almost as much as the UK’s prime minister Boris Johnson, thanks to businesses relying more and more on complex data analysis, a report has revealed.
Data modellers earn £145,726 ($196,628) a year on average, just shy of Johnson’s salary of £150,000, job site Indeed said.
Businesses including those in finance, retail, healthcare and the media are “clamouring” to hire these highly-paid data experts, who build databases which translate complex data into computer systems that underpin some of the most important decisions by companies, the study explained.
The role did not appear at all in the 2019 list of top salaries.
“Data modeller is a role few people outside the tech and business worlds will have heard of. But its low profile may partly explain why it is so well paid; candidates with these specialist skills are rare and employers are fighting hard to win their attention - by offering high salaries,” said Bill Richards, UK managing director at Indeed.
Meanwhile tax partner, security project manager and contract consultant are also high up on the list.
Chief financial officers, who are responsible for managing a company’s financial planning and reporting, topped 2019’s salary table but have since fallen back to sixth position.
Still, their average salary has still risen from £112,666 a year to £115,467.
More of the highest paid jobs command an average annual salary above £100,000 this year compared to 2019's list, with 11 roles receiving six-figure salaries compared to just three last year, the report showed.
This is particularly true in the healthcare sector which accounts for more than a third (35%) of the highest-paying roles.
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The scarcity of candidates with the qualifications, expertise and experience needed to fill such senior roles drives up salaries as employers compete for the best talent, Indeed said.
Medical directors, who work at board level and are responsible for running NHS trusts, are the highest paid professionals in the healthcare sector.
Richards also noted that “the pandemic has polarised things. Hundreds of thousands of people have lost, or are losing, their job…But those who need people with very scarce skills face a challenge, as luring expert and specialist workers away from their current employer is even harder than usual.”
“While money talks, offering a big salary is only one tactic, and the most strategic employers will design jobs around these valuable people’s work-life priorities,” he added.
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