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Mean weekly pay in finance and insurance sector for men and women in the UK 2020

The mean weekly gross earnings in the financial and insurance activities sector in the United Kingdom (UK) in 2020 earned by men working full-time in the financial and insurance sector was 1,194.9 British pounds, whereas for female full-time employees the mean pay was 871 British pounds per week.

Mean weekly gross earnings in financial and insurance sector in the United Kingdom (UK) in 2020, by gender and employment status

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Source

Release date

November 2020

Region

United Kingdom

Survey time period

2020

Supplementary notes

* Data estimated.

The source added the following information "Mean - the mean is a measure of the average which is derived by summing the values for a given sample, and then dividing the sum by the number of observations (i.e. jobs) in the sample. In earnings distributions, the mean can be disproportionately influenced by a relatively small number of high-paying jobs."

The source provides further information: data for "employees on adult rates whose pay for the survey pay-period was not affected by absence."

ASHE is based on a 1% sample of employee jobs taken from HM Revenue and Customs (HMRC) Pay As You Earn (PAYE) records. Information on earnings and hours is obtained from employers and treated confidentially. ASHE does not cover the self-employed nor does it cover employees not paid during the reference period.

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