The 10 highest paying companies in the UK named by Glassdoor

Staff at the highest paying companies receive total pay packages up to £90,000 – more than three times the median annual salary

Software firm SAP topped the list (Getty Images)

The tech industry has overtaken banking in a new ranking of the top-paying companies in the UK, a study has found.

Technology firms make up half of the 10 highest paying companies in the UK followed by banking and consulting, according to Glassdoor.

Staff at the highest paying companies receive total pay packages up to £90,000 – more than three times the median annual salary of £27,600 across the UK.

Glassdoor looked at data voluntarily submitted by UK employees over the last year. Companies were only considered after Glassdoor had received at least 30 salary reports.

Software firm SAP, with an average total package of £90,000, topped the list. It was followed by cloud computing company EMC, management consultant McKinsey and Boston Consulting Group. Each of these firms offered median salaries above £80,000 a year.

Facebook ranked fifth with employees looking to earn a total pay package of £79,500. This is more than Google staff that nearly made the ranking with a median total compensation of £73,300.

Of the top companies, only one, Nomura International is headquartered in London.

Dr Andrew Chamberlain, Glassdoor’s chief economist said a shortage of special skills makes tech employees more valuable.

“Tech salaries in particular tend to be high because of a shortage in specialist skills such as software development and programming, with a bidding war for these workers now underway,” Chamberlain said

“Barriers to entry at consulting firms mean that many loyal clients stay with specialists for a number of years because of their extensive contacts base, and bankers are of course still receiving hefty bonuses as successful traders bring huge company returns,” he added.

Remuneration is not necessarily linked with employee satisfaction, according to Glassdoor Economic Research published last year that looked at 221,00 salaries and employer reviews.

Employees were more concerned about their career path, working with a competent team and a positive work environment in the long term.

These are the 10 highest paying companies in the UK for 2016:

1. SAP

(Getty Images)

• Median Total Compensation: £90,000

• Median Base Salary: £75,000

• Industry: Tech

2. EMC

(Getty Images)

• Median Total Compensation: £86,500

• Median Base Salary: £70,000

• Industry: Tech

3. McKinsey & Company

(Getty Images)

• Median Total Compensation: £85,499

• Median Base Salary: £78,000

• Industry: Consulting

4. Boston Consulting Group

(Glassdoor)

• Median Total Compensation: £83,311

• Median Base Salary: £80,000

• Industry: Consulting

5. Facebook

(AFP)

• Median Total Compensation: £79,500

• Median Base Salary: £68,420

• Industry: Tech

6. Deutsche Bank

Deutsche Bank's headquarters in Frankfurt, Germany (Getty)

• Median Total Compensation: £75,000

• Median Base Salary: £65,000

• Industry: Banking

7. Nomura International

Nomura is to close a number of its European divisions (Getty Images)

• Median Total Compensation: £74,990

• Median Base Salary: £65,000

• Industry: Banking

8. Cisco Systems

(Getty Images) (Getty)

• Median Total Compensation: £74,000

• Median Base Salary: £58,952.5

• Industry: Tech

9. Google

Google has faced criticism for perceived privacy breaches in the past (Getty)

• Median Total Compensation: £73,300

• Median Base Salary: £60,225

• Industry: Tech

10. BNP Paribas

France's biggest bank says it looks to focus on financing renewable energy projects (Getty)

• Median Total Compensation: £73,000

• Median Base Salary: £62,000

• Industry: Banking