A person working in Banking in Portsmouth typically earns around 85,400 GBP. Salaries range from 26,700 GBP (lowest average) to 174,000 GBP (highest average, actual maximum salary is higher).
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Portsmouth exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries in Banking in Portsmouth range from 26,700 GBP (starting average salary) to 174,000 GBP (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
The median income in the field of Banking is 79,600 GBP, implying that half of the workforce in Portsmouth earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Portsmouth earn less than 59,500 GBP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 98,000 GBP, while 25% earn more than that.
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Portsmouth. The analysis revealed that roughly 65% of all reported salaries fell within the range of 40,100 GBP to 73,800 GBP. Approximately 20% of salaries were below the 40,100 GBP mark, while 10% ranged from 73,800 GBP to 89,100 GBP. Only 5% of individuals earned a gross salary of 89,100 GBP or higher.