Not all salaries are created equal, and the way those salaries change can also vary wildly from job to job. Job roles that are in high demand might see wages grow sharply, while those in professions that are dwindling might see wages fall.
But which are the jobs where salaries have risen the fastest in the past year? To find out Business Insider consulted data provided by salary benchmarking site Emolument.
Emolument examined data from jobs across the finance and tech sectors and compared the average pay in 2015 to pay in 2016, before calculating where the biggest positive change has occurred. Most jobs that feature in the top 12 are in banking, asset management, and unsurprisingly, development.
Take a look at the full list below.
12. Finance Control & Strategy
What they do: Financial control and strategy managers put financial controls into place to track performance and evaluate progress toward the financial goals of a company. Strategic management is the process of deciding how to arrive at those goals.
Job level: Manager
Salary in 2015: £76,000
Salary in 2016: £82,000
Salary increase: 8%
T11. Java Developer
What they do: Java developers help to develop software and programmes by creating code bases using the programming language Java. Some design interfaces, while others do work that’s completely behind the scenes. One of the basic duties is writing class files. Java developers work at all stages of the engineering process.
Job level: Developer
Salary in 2015: £52,000
Salary in 2016: £58,000
Salary increase: 12%
T11. Banking Research
What they do: Researchers and analysts at banks are tasked with assessing the fundamentals of different assets — from bonds to commodities — and putting together reports which their employer will distribute to clients. For a large majority of those working at a big bank, a job as a research analyst is the first step on the ladder.
Job level: Vice president
Salary in 2015: £150,000
Salary in 2016: £168,000
Salary increase: 12%
T9. Buy Side Fund Managers
What they do: Fund managers take care of anything from "mom and pop" pension funds where the aim is to make a steady return, all the way to risky funds investing in high yield debt and emerging market equities. Broadly, their job is simply to make money for their clients.
Job level: Vice president
Salary in 2015: £113,000
Salary in 2016: £133,000
Salary increase: 18%
T9. Bank Trader
What they do: Buying and selling stocks, bonds, and commodities. The draw for this job has always been the money, but plenty of people also get a thrill out of the adrenaline rush that comes from making split second decisions.
Job level: Vice president
Salary in 2015: £160,000
Salary in 2016: £189,000
Salary increase: 18%
T9. Programme and Project Management
What they do: Before the product comes into existence, you may well find yourself in the role of project manager. This job involved bringing the product — or whatever the project is — to fruition, overseeing all the stages from drawing board to reality.
Job level: Senior manager
Salary in 2015: £93,000
Salary in 2016: £110,000
Salary increase: 18%
6. Buy Side Research
What they do: Broadly speaking, buy side researchers do the same job as researchers in banks: assessing the fundamentals of different assets — from bonds to commodities — and putting together reports, which their employer will distribute to clients. However, they do so on the buy, rather than the sell side of trades.
Job level: Vice president
Salary in 2015: £37,000
Salary in 2016: £45,000
Salary increase: 22%
5. C# Developer
What they do: C# (pronounced C-Sharp) developers help to develop software and programmes by creating code bases using the programming language C#, a language initially designed by Microsoft to compete with Java.
Job level: Developer
Salary in 2015: £44,000
Salary in 2016: £54,000
Salary increase: 23%
T4. Business Development
What they do: A business development executive's role is pretty simple — grow the business. How exactly you do this varies dramatically, depending on which industry you're in.
Job level: Senior manager
Salary in 2015: £104,000
Salary in 2016: £136,000
Salary increase: 31%
T4. Human Resources
What they do: People in HR are often either the most-hated or most loved-person in the office. Their job is to ensure records for all staff are up to date, make sure people get paid on time, and generally keep staff happy.
Job level: Manager
Salary in 2015: £61,000
Salary in 2016: £80,000
Salary increase: 31%
T1. Corporate Banking
What they do: Corporate bankers handle the needs of their clients, who, as the title suggests, are generally large corporate entities. The job can encompass numerous different tasks, such as cash management,financing, underwriting, and issuing ofstocks, bonds, or other instruments.
Job level: Associate
Salary in 2015: £60,000
Salary in 2016: £82,000
Salary increase: 37%
T1. Marketing and Communications
What they do: Marketing and communications people are tasked with getting the message of their company out to the wider public and ensuring that it is properly interpreted. This is generally done either by creating marketing campaigns or liaising with journalists and other outside actors.
Job level: Manager
Salary in 2015: £51,000
Salary in 2016: £70,000
Salary increase: 37%
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