Actuaries, economists and statisticians vs Mechanical engineers Salary

How do Actuaries, economists and statisticians and Mechanical engineers salaries compare in the UK? Here is a detailed side-by-side breakdown using the latest ONS data.

Actuaries, economists and statisticians earns £751 more per year (2% higher)

Actuaries, economists and statisticians

£50,750
per year (gross)
Take-home: £39,992
vs

Mechanical engineers

£49,999
per year (gross)
Take-home: £39,519

Detailed Comparison

MetricActuaries, economists and statisticiansMechanical engineersDifference
Median Annual£50,750£49,999+£751
Mean Annual£60,852£53,850+£7,002
Take-Home (Net)£39,992£39,519+£473
Monthly (Gross)£4,229£4,167+£62
Weekly (Gross)£976£962+£14
Hourly£24.40£24.04+£0.36

Salary Range Comparison

PercentileActuaries, economists and statisticiansMechanical engineers
10th (Entry)£32,670£31,219
25th£40,591£40,001
50th (Median)£50,750£49,999
75th£74,012£62,548
90th (Senior)£0£0

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Frequently Asked Questions

Who earns more, a Actuaries, economists and statisticians or a Mechanical engineers?
A Actuaries, economists and statisticians earns more. The median salary for a Actuaries, economists and statisticians is £50,750, whilst a Mechanical engineers earns £49,999 — a difference of £751 per year.
What is the salary difference between a Actuaries, economists and statisticians and a Mechanical engineers?
The difference is £751 per year. Actuaries, economists and statisticians is the higher-paid role.
What is the take-home pay difference?
After tax and National Insurance, a Actuaries, economists and statisticians takes home approximately £39,992 per year, whilst a Mechanical engineers takes home £39,519. The net difference is £473.
Should I become a Actuaries, economists and statisticians or a Mechanical engineers?
From a salary perspective, Actuaries, economists and statisticians offers higher median pay. However, career choice depends on many factors including interests, qualifications, work-life balance and long-term prospects.

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