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Is it? They still have best earnings (post-tax) in Europe. This is skewed by the financial sector which out of necessity pays comparable wages to New York. The
by goatinaboat 6y ago
Is it? They still have best earnings (post-tax) in Europe.
This is skewed by the financial sector which out of necessity pays comparable wages to New York. The average programmer in the UK is just another office worker in terms of pay and status.
- burntoutfire 6y agoWhat is the necessity? In most of finance tech jobs you don't need domain knowledge. The UK financial companies are competing for devs with non-finance UK companies, not with Wall Street. I'm under the impression that they pay more than the rest of the UK because they can easily afford it and also to make sure the other silly industries don't get in their way of hiring the best people.
- colesantiago 6y agoThis. If you're not FAANG, FTSE 100 or an engineer in the finance sector, your pay is similar to an entry level office IT worker.
- bloqs 6y agoPretty much this. Id say half the time in the FTSE100 its the same also
- cameronh90 6y agoThere are plenty of permanent individual contributor jobs in the £70-120k range in London. Not just FAANG/FTSE/finance either, plenty of funded start-ups and non-finance tech companies if you can't stomach finance. Outside of London, your statement is much closer to the truth. Lots of employers in Manchester for example are there principally to avoid paying London salaries. Honestly though, the day to day reality of programming in fintech is about the same as working in any other industry.
- Nextgrid 6y ago120k permanent salary is meaningless because you’d fall into the higher tax brackets. Permanent employment tax is insane here.
- cutler 6y agoThe cost of living differential is much lower than the salary differential when you move out of London so no real incentive for employees to move.