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Daily Record
Daily Record
National
Hannah Baker & Daniel Morrow

This is the salary that you should be earning at your age

As you progress through the years, you can expect your salary to increase alongside it.

More experience in a particular role means that your value to your employer grows which means that your expected salary will be on the up.

Your salary and age will generally increase at the same time as you continue to learn more about your industry, reports Bristol Live.

The average salary of people working in Scotland is £31,356 according to the website Adzuna.

Your pay can vary depending on the type of job you do to how high your position is in the company.

What can you expect to earn at your age?

But what is the average salary expected at your age?

Teenagers

According to ASHE, 16-to-17-year-olds entering the job market can expect to earn under £200 a week.

Twenties

The median starting salary for UK graduates for 2018-2019 is between £19,000 and £22,000.

The average earnings of employees aged between 22 are 29 are £477.9 a week for men and £440.8 a week for women.

Thirties

This is when people often start outstripping the national average.

The average weekly wage for employees aged 30 to 39 is £613.3 for men and £557.5 for women. The average annual salary for people in their thirties is £30,440.

This is also the age group where women’s earning potential typically peaks.

Forties and fifties

This is when extensive experience will give you a boost. Individual years become less important than what you have achieved over the years.

While women’s earning potential is highest in their thirties, the 40 to 49 age group is when men hit their earnings peak.

By the forties, people are earning £49,504, on average, according to ONS.

Factors that influence salary growth

Experience

This is perhaps the most obvious factor, and one that most closely correlates with age. The amount of years a person spends in a particular role or industry will have a big impact on salary.

Monster and PayScale estimates an average annual income of just £20,404 for employees with less than one year of experience. After five to nine years, this figure grows to £30,915, and around the 20-year mark it’s up to £39,199.

Education

It is well known that a good qualification from a reputable institution will positively impact your salary potential.

Industry

Salary ranges differ wildly across industries according to skills needed, demands on the employee and level of education required.

Company

Big, small, traditional, progressive - any number of attributes will play a role in determining how much a company is willing to pay an employee.

Gender

In April 2017, the gender pay gap dropped to 9.1 per cent, compared to 9.4 per cent the year before.

This is the lowest since the ASHE survey began in 1997, where the gender pay gap was 17.4 per cent. In 2016, Monster reported that the average annual salary was £22,381 for UK women and £32,961 for UK men.

But in August 2018 the figures also showed the gap diminishing, with women earning an average of £25,303 and men earning an average of £30,524.

Location

London remains the beating heart of the UK’s finances and of course, its denizens can expect a hike in pay.

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