At which point do your hourly earnings place you into the top 1% of people in London? According to the chart below from a new report from the Office of National Statistics that point is met when… you earn £92 ($158) per hour.
So where does this leave people working in banking? Figures issued earlier this year from salary benchmarking firm Emolument suggested that once you reach director-level in either an M&A or markets role in banking, you’ll be earning an average of £94 pounds and £97 pounds per hour respectively. Until then you’ll have to labour with the rest of the 99%.