5 ms·

Today I was looking at some job ads for mid-senior devs in London. £50K and 200+ applicants. And then it says:fruits, free parking, private healthcare after 1 y

Today I was looking at some job ads for mid-senior devs in London. £50K and 200+ applicants. And then it says:fruits, free parking, private healthcare after 1 year.. And this suppose to be the tech center of Europe..

jashmatthews 6y ago
Mid-senior devs in most of the USA don’t make 400k total comp either. Solid experience and skills will get you offers around 100k GBP from bigger, well funded startups and if you want to sell your soul to the finance industry you can get like 300k GBP total comp. Those are both real offers I’ve had in London.
- joelbluminator 6y ago
  > and if you want to sell your soul to the finance industry What do you mean when you say the finance industry? It's a pretty big field. Is an online bank the same as some real time trading platform? Also, why is it selling your soul? Is Google / Facebook "better" (that is - more moral) than a fintech company ?
clappski 6y ago
That's pretty average for dev jobs in commercial enterprises in London (e.g. working for a B2C). In the UK, the big money for developers is in finance (either at a bank, or prop trading, or insurance, or gambling, etc). If you want a shock have a look at the wages in some of the surrounding areas (e.g. Buckinghamshire, Oxfordshire) - you'll be lucky to break 40k£, even if your skill set is very specific to what is required. Contrasted with finance in London, you would be looking at 70-80k£ for a mid/senior, and 100k£+ for a true senior/lead. Also important to realise that 50k£ is 2x the national average wage. So for more than half of the population it's nothing to scoff at. The UK is also in a bit of a funny place when it comes to immigrating to the US - due to a lot of American businesses having satillite offices here and a lack of specific visas for Britons, you're going to have a hard time finding a company that will be willing to sponser and relocate you. Another really important factor when looking at the UK labour market, specifically in London (because my experience with it is there, but this could be true for the other major UK cities), is that contract roles are much much much more lucrative that FTE (or at least, they have been prior to IR35). If you're a mid/senior contracting at a bulge bracket bank you could expect a ~500£ day rate. 500£ * 282 (working days - some holidays/sick/national holidays) = 141000£. If you run that into your contracting LLC, rather than take it through PAYE, you can cut your effective tax rate by a big margin depending on how you spend your money - so even more cash that you would be FTE on the same wage.
- f6v 6y ago
  > due to a lot of American businesses having satillite offices here Transfer becomes easy then.
- twic 6y ago
  > 282 (working days - some holidays/sick/national holidays) I think you might have done your subtraction the wrong way round. Or do contractors really work an average of 5.4 days a week?
- anewdirection 6y ago
  Average bieng that poor, is, something to scoff at.
- peteretep 6y ago
  > If you're a mid/senior contracting at a bulge bracket bank you could expect a ~500£ day rate That’s a not uncommon rate outside of banking too in London.

jashmatthews 6y ago

Mid-senior devs in most of the USA don’t make 400k total comp either. Solid experience and skills will get you offers around 100k GBP from bigger, well funded startups and if you want to sell your soul to the finance industry you can get like 300k GBP total comp. Those are both real offers I’ve had in London.

joelbluminator 6y ago
> and if you want to sell your soul to the finance industry What do you mean when you say the finance industry? It's a pretty big field. Is an online bank the same as some real time trading platform? Also, why is it selling your soul? Is Google / Facebook "better" (that is - more moral) than a fintech company ?

clappski 6y ago

That's pretty average for dev jobs in commercial enterprises in London (e.g. working for a B2C). In the UK, the big money for developers is in finance (either at a bank, or prop trading, or insurance, or gambling, etc). If you want a shock have a look at the wages in some of the surrounding areas (e.g. Buckinghamshire, Oxfordshire) - you'll be lucky to break 40k£, even if your skill set is very specific to what is required. Contrasted with finance in London, you would be looking at 70-80k£ for a mid/senior, and 100k£+ for a true senior/lead. Also important to realise that 50k£ is 2x the national average wage. So for more than half of the population it's nothing to scoff at. The UK is also in a bit of a funny place when it comes to immigrating to the US - due to a lot of American businesses having satillite offices here and a lack of specific visas for Britons, you're going to have a hard time finding a company that will be willing to sponser and relocate you. Another really important factor when looking at the UK labour market, specifically in London (because my experience with it is there, but this could be true for the other major UK cities), is that contract roles are much much much more lucrative that FTE (or at least, they have been prior to IR35). If you're a mid/senior contracting at a bulge bracket bank you could expect a ~500£ day rate. 500£ * 282 (working days - some holidays/sick/national holidays) = 141000£. If you run that into your contracting LLC, rather than take it through PAYE, you can cut your effective tax rate by a big margin depending on how you spend your money - so even more cash that you would be FTE on the same wage.

f6v 6y ago
> due to a lot of American businesses having satillite offices here Transfer becomes easy then.
twic 6y ago
> 282 (working days - some holidays/sick/national holidays) I think you might have done your subtraction the wrong way round. Or do contractors really work an average of 5.4 days a week?
anewdirection 6y ago
Average bieng that poor, is, something to scoff at.
peteretep 6y ago
> If you're a mid/senior contracting at a bulge bracket bank you could expect a ~500£ day rate That’s a not uncommon rate outside of banking too in London.