Salary guide ranks best cities for tech professionals
By Dawn Gibson
IT managers in Silicon Valley are raking in more than double the pay of their counterparts in London, according to a new report that compares salaries for tech professionals across 16 international cities.
From CTOs to data analysts and developers, Talent’s 2021 global salary guide report provides a detailed analysis of who is earning what and where in the $5 trillion global tech industry, encompassing both permanent and contract rates across EMEA, the US, Australia and New Zealand.
For example, a London IT manager can expect to make an annual salary of £65,000-£75,000 or day rates of £600-£750. However, if she or he jumps on a plane to San Francisco – once we are all allowed to travel again, of course – they can command a permanent rate of more than £186,000 a year or around £1000 a day as a contractor. A move to sunny Sydney could also be advantageous; IT managers there earn an annual salary of £72,000 to £100,000.
Emerging tech rec trends
Of course, it’s not all about the money. The report by Talent, a Sydney-based global IT recruitment specialist, also includes insights into emerging trends in technology recruitment. It also reveals the impact of the pandemic on hiring, local tech talent pools, skills trends and costs of living from New York to Melbourne, Berlin to Auckland, as well as the UK cities of Birmingham, Bristol, London and Manchester.
Industries with an appetite for hiring include government, health, finance, aged care, e-commerce, FMCG and the logistical services sector.
ANZ bounce predicted
Matthew Munson, Talent General Manager NSW, said technology was one of the most successful sectors throughout 2020 and that looks set to continue for the foreseeable future.
“As we approach 12 months since the first lockdown, things are gradually starting to recover across the market,” he said. “With global vaccinations rolling out, optimism is returning, and companies are looking towards a big 2022 bounce. As such they are beginning to increase headcount to pre-Covid levels and plan for growth later in the year.”
Simon Yeung, Talent General Manager VIC, discussed the significant impact that Covid has had on the Australian tech industry. “The IT sector has fared much better than many other sectors,” he said. “Demand for IT workers was strong for State and Federal government bodies, utilities, banking and finance, many major retailers, transport and logistics, and ASX200 industrials such as mining, essential and medical manufacturing, and healthcare.”
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