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What does a Non Executive Director earn?
On average, Non-Executive Directors (NEDs) can earn up to £33,300 per year in the UK, depending on sector and experience. They are members of company boards and are tasked with offering independent, impartial advice and guidance to executive directors in order to ensure corporate governance and interests of the company and its shareholders. NEDs must be knowledgeable in the business' sector and the laws and regulations governing it. They are also expected to bring new perspectives to the boardroom and challenge existing ideas.
How to earn more as a Non Executive Director
"To become a Non Executive Director, you will require significant experience in a management position. You should also have strong knowledge of financial and accounting principles. Having contacts in the upper echelons of business will also be beneficial. To earn more you can become a specialist within a specific area, or become a NED for more than one company. You can also specialize in a particular sector or even become a Non Executive Director for a listed company, which can be both lucrative and highly rewarding. The best paid NEDs can make well over £90,000 a year."
Min: £7,883.00 Max: £90,000.00
Average Non Executive Director Salary in UK : £33,321.64
Read about Non Executive Director salaries, related jobs and salary information across the UK
Non Executive Director Salary data from the ONS
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Salary by Region
Compare Non Executive Director salaries across different regions
Region | Salary |
---|---|
Scotland | £60,354.92 |
Wales | £39,648.80 |
East Midlands | £44,509.80 |
Eastern | £42,433.33 |
London | £39,904.74 |
North East | £13,690.57 |
North West | £22,542.79 |
South East | £16,954.64 |
South West | £26,860.00 |
West Midlands | £49,824.73 |
Yorkshire and the Humber | £13,216.82 |
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Understanding the Average Non Executive Director Salary in the UK
As a Non Executive Director in the UK, it is important to have a clear understanding of the average salary for this role. The average salary for leadership positions in the UK can provide a helpful benchmark for Non Executive Directors. To get an idea of the average salary, you can refer to the average Leadership salaries in the UK.
Salary Expectations for Newly Qualified Non Executive Director
If you are a newly qualified Non Executive Director, it is essential to have realistic salary expectations. To get an idea of the salary range for this position, you can explore various job search platforms. These platforms can provide insights into the current salary trends for Non Executive Directors in the UK. You can start your search by visiting the job search page.
Salaries for Experienced Non Executive Director
Experienced Non Executive Directors in the UK can expect higher salaries compared to their newly qualified counterparts. The salary for an experienced Non Executive Director can vary depending on factors such as industry, company size, and location. To get a better understanding of the salary range for experienced Non Executive Directors, it is recommended to research industry-specific salary surveys and consult with recruitment agencies.
Creating a Non Executive Director CV
When applying for a Non Executive Director position, having a well-crafted CV is crucial. Your CV should highlight your relevant skills, experience, and achievements. To create an effective CV, you can use a CV template specifically designed for Non Executive Directors. This template can serve as a guide to help you structure your CV and showcase your qualifications in the best possible way.
Career Development Opportunities for Non Executive Director
As a Non Executive Director, there are various career development opportunities available to enhance your skills and advance your career. It is important to stay updated with the latest industry trends and developments. You can seek career advice to explore different pathways for professional growth and learn about the skills and qualifications that can help you excel in this role.
Comprehensive Compensation for Non Executive Director
Aside from the base salary, Non Executive Directors in the UK may receive additional compensation in the form of bonuses, stock options, and other benefits. The comprehensive compensation package for Non Executive Directors can vary depending on the company's performance and individual contributions. It is important to negotiate and review your compensation package to ensure it aligns with your responsibilities and achievements.
Strategies for Increasing Your Salary as a Non Executive Director
If you are looking to increase your salary as a Non Executive Director, there are several strategies you can employ. These include demonstrating exceptional performance, taking on additional responsibilities, and continuously updating your skills and knowledge. By showcasing your value to the organization and staying ahead of industry trends, you can position yourself for salary advancements and potential promotions.
Professional Development and Earnings
Investing in your professional development can have a direct impact on your earnings as a Non Executive Director. By attending industry conferences, workshops, and obtaining relevant certifications, you can enhance your expertise and credibility. This can lead to increased earning potential and open doors to new opportunities within the field.
Capitalising on Extra Hours and Duties
As a Non Executive Director, you may have the opportunity to take on extra hours and duties outside of your regular board meetings. These additional responsibilities can provide additional income and contribute to your overall earnings. It is important to carefully consider these opportunities and ensure they align with your skills and interests.