Editor's PickInvesting

Comparing and Contrasting Leading Industries in the US and the UK

4 Mins read

The UK and US economies are  cornerstones of the global financial and economic system.

Many professionals from all walks of life prefer these markets because of the favourable working conditions complemented by high consumer spending. Various industrial niches in the leading economies are extremely profitable for professionals who meet all the entry requirements.

Below is an overview of major industries in the two great countries and their regulatory frameworks.

Electrical Sector

U.K

The real estate industry in the United Kingdom and the United States of America is one of the most lucrative and mature in the world, but there aren’t enough electricians to meet market demand. A level 3 qualification, such as a Diploma in Installing Electrotechnical Systems & Equipment or a Diploma in Electrotechnical Services, is required for entry. However, higher-level positions may necessitate additional certification.

The average annual salary of an electrician in the United Kingdom is £32,540, according to the Government Office for National Statistics (ONS). Freshmen can earn between £19,000 and £22,000 per year, while experienced workers can earn up to £36,686.

U.S

Individuals with a high school diploma or equivalent, at least five years of experience, a four-year apprenticeship program, or at least one year of experience as a certified journeyman electrician are eligible for licences in the United States.

Over the last decade, the Bureau of Labor Statistics (BLS) forecasted an average of 84,700 vacancies per year. In America, the average electrician salary is $59,190. However, salaries vary by state, with Massachusetts having the lowest at $43,650 and New York having the highest at $77,810.

Construction

U.K

According to checkasalary.co.uk, the construction industry in the United Kingdom pays an average annual salary of £35,654, but the margin ranges from £21,000 for the lowest ranks to around £60,528 for higher ranking workers. You can start working right away if you have significant skills, or you can enrol in an apprenticeship program and learn as you go. The Wood Hurt Group, Balfour Beatty, and the Kier Group are among the largest construction companies.

U.S

Formal education is not required in the United States because workers learn the majority of their skills on the job. Most occupations, however, require at least a high school diploma. However, taking courses in woodshop, mathematics, and welding can help you advance in your career and earn a higher salary. BLS approximated 1,514,200 construction workers in 2020 which indicates the industry’s vast potential.

A construction worker’s annual salary in the United States is around $43,000. Salary ranges from $30,000 to $50,000, depending on rank. Hawaii is the best place to work as a construction worker, with an average salary of $62,690. With an average of $57,480, New York is the least profitable.

Locksmith Sector

U.S

In the United States, locksmithing is one of the most rewarding industries. However, you must have a Certified Registered Locksmith (CRL) certification from the Associated Locksmiths of America. You can then advance to Certified Professional Locksmith (CPL) and to Certified Master Locksmith (CML). Certifications also differ by state.

According to BLS data for 2021, the average annual salary of a locksmith in the United States is around $65,200. Beginners can earn around $29,330, while high-ranking locksmiths can earn up to $69,790. The states with the most opportunities are California, Texas, and Florida.

U.K

As a strategy to support locksmith startups in the UK, there are currently no licensing requirements. According to the National Careers Service, the average locksmith salary in the United Kingdom is around £20,000 for entry-level workers and £30,000 for experienced professionals. However, you must pass a background check and have a valid driver’s licence.

According to experts at locksmithslocator, lockouts are the most common source of locksmith service demand in the United States, while most clients in the United Kingdom request lock installation services.

Landscaping

U.K

Most employers will expect you to have a Horticulture Industries Level 1 Diploma, a Certificate in Practical Horticulture Level 2, and a Level 3 Certificate/ Diploma in Horticulture to begin your career in the UK landscaping industry. A T-level in Agriculture, Land Management, and Production may also be required.

According to the National Careers Service, starting salaries for beginners can range from £16000 to £25,000 for experienced workers. Ground Control Ltd, MITIE Landscapes Ltd Market, Idverde Ltd, and Glendale Managed Services Ltd are among the industry’s largest players.

U.S

Florida has the most landscaping opportunities in the United States, with approximately 8,758 businesses, followed by California (8,288) and New York (6,958). At the entry level, you should have certifications such as Certified Landscape Architect (CLARB), Certified Maintenance Manager (CMM), or Facilities Maintenance Technician. However, requirements vary according to the state and nature of the job.

Landscapers earn an average annual salary of around $29,250. Experts earn around $39,000 per year, while entry-level workers earn around $25,350.

Heating, ventilation, and air conditioning (HVAC) Industry

United Kingdom

The HVAC sector in the UK is projected to grow exponentially in a projected forecast period because of increasing demand in energy efficient HVAC systems. According to Indeed updates for 2022, the average HVAC yearly salary in the United Kingdom is £34, 233. The average starting salary for a beginner is around £21,000, while experienced professionals can earn up to £58,000. HVAC supervisors and Maintenance Supervisors are the most lucrative occupations, while Ground Maintenance Workers and Mobile Phone Technicians have the most opportunities.

U.S

According to BLS data, HVAC and Refrigeration Mechanics and Installation professionals earn an average annual salary of $50, 590. Because the majority of the skills are learned on the job, the entry level education for the sector is a postsecondary non-degree certification. There were approximately 380,400 jobs in 2020, with 19,000 new vacancies expected by 2030. The majority of job opportunities can be found in homes, hospitals, factories, schools, and commercial buildings.

Final Word

With a firm grasp on such fundamental requirements, it is simple to navigate the labour markets without breaking the law. Although some industries do not require certifications, having one will help you stand out. Some job markets, such as locksmiths and HVAC technicians, will require more training as technology advances.

Related posts
Editor's PickInvesting

UK Consumers Regain Financial Confidence Amid Easing Inflation, Reveals NatWest CEO

2 Mins read
<?xml encoding=”utf-8″ ?????????> Consumer confidence is on the rise in the UK, with a hopeful outlook towards financial prospects emerging for the…
Editor's PickInvesting

Global wine consumption falls to its lowest level since 1996 with production down 10%

4 Mins read
<?xml encoding=”utf-8″ ?????????> World wine consumption dropped to its lowest level since 1996 last year, with production down 10 per cent, after…
Editor's PickInvesting

Global wine consumption falls to its lowest level since 1996 with production down 10%

4 Mins read
<?xml encoding=”utf-8″ ?????????> World wine consumption dropped to its lowest level since 1996 last year, with production down 10 per cent, after…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *