What is your paraplanner salary?
cifareh827
Member
in General
I earn £29,000 and have been a paraplanner for 3 years. I have level 4 diploma. I’m just interested what other people earn and to see if I am being underpaid.
Comments
I earn £28,000 and have been a paraplanner for 5/6 years. I also have a level 4 diploma and also have the level 6 CISI exam. I feel underpaid, but would be curious to see what others earn/think.
I earn £27,500, 6 months in the role/industry after a career change. I am Level 4 Diploma qualified and 2 exams into Advanced with CII. Not in London if that helps as it may muddy the waters a bit.
You can get a good feel for this via recruitment agents websites and job adverts.
£35k, diploma qualified with 4+ years and s couple of Advanced exams.
Our Paraplanners get £45k if they have a few years experience. I think it’s £50k with 5 years experience.
I only had a little bit of experience at an IFA, but that was years ago and I decided to get back in.
I have just the Diploma.
This is in West Sussex.
I think this is a difficult one to be honest. There are so many different variations in roles and what firms see as Paraplanners that its a difficult to one to judge, without knowing what you do at that firm I suppose. Location will also play a big part. There is a national survey carried out by BWD and you can download a copy by adding your details via this link https://www.bwd-search.co.uk/resources/bwd-2022-salary-survey
I have no affiliation with the above link, just know they provide this and will give you a good indicator as to where you sit on the scale.
However, my own two pennies worth are that some of the above salaries seem very low for what I would call a full Paraplanner. We have taken on a trainee paraplanner and pay £28,000 whilst also taking them through their diploma and advanced diploma exams (Bristol based). Example being the first and second poster....if I had been paraplanning for 5 years, diploma qualified and part advanced qualified I would certainly be having discussions with my employer. £28-29K seems a lot lower than the average I would say. Minimum £35K probably even more in our neck of the woods (most offer between £35K and £45K in Bristol) but as someone mentioned above, have a look at recruiter search engines in your area and you will get a good indication of what your peers are earning.
I would also add that its not just base salary but the whole package of benefits that needs consideration, not just salary in isolation.
I would rather not add my salary on this forum to be honest and I'm a little different in that I manage a small paraplanning team, as well as some paraplanning and also heavily involved in firm level decisions/building CIP etc etc so probably a little unfair to compare.
If you feel you are undervalued, make sure you go armed with evidence as to why and have a conversation with your employer would be my advice.
Salary would be at least £40k.
So if any of you live in West Sussex, feel free to send me a PM
and I’ll get you an interview.
Chartered with 4 years of Paraplanning experience.
The salary is £50,000, London-based though, but I am able to work from home 3 days a week.