UK tech salaries increase by 13% in 2019, with average developers now earning £74K a year
UK Software Engineers saw a salary hike of 13% (£8,400) from 2018 to 2019 (meaning the average salary for a Software Engineer is now £74,000 a year) according to findings from the State of Software Engineers Report 2020 fromHired, the career marketplace that matches tech talent with the world’s most innovative companies. This was the highest pay increase compared to other tech hubs globally, including San Francisco and New York.
The global report looks into which Software Engineer roles have the highest salaries, what the most popular programming languages are and the work factors that matter most to the developers building our digital world. These insights illustrate the growing need for tech talent in the UK and the current in demand jobs, providing those working in the sector with an indication of their market worth and highlighting the positive future head for these skills.
Developers now earn £37K more than the average Brit (who earn £37K according to the ONS). No doubt this contributes to the fact that 85% are glad they chose a career in software engineering, although 82% cited new challenges and continuous learning as one of the top three things that attracted them to a tech-focused career.
The UK fared well in terms of salary increase against other tech hubs, including Toronto based engineers who saw a 9% (£4,000) increase, New Yorkers who saw a 7% (£7,000) increase and San Franciscans who saw a 6% (£6,360) hike. These findings suggest that, despite Brexit, London’s tech scene continues to skyrocket towards competing with the likes of Silicon Valley, coming after the recent news that VC funding for UK-based tech firms hit a record-breaking £10.1billion last year, increasing by 44%.
Gaming Engineers saw the highest salary rises in both London and San Francisco (with techies getting a £19,800 and £13,600 pay rise respectively), while in New York, Machine Learning engineers got pay hikes of £13,800 and Search Engineers in Toronto got an extra £19,800.
Some other interesting findings from the report are:
The top three best paid UK developer roles are: Embedded Engineers (£82K annual salary), Blockchain Engineers (£81K annual salary) and Computer Vision Engineers (£81K annual salary)
1 in 5 Software Engineers globally are self-taught coders and only half have a Computer Science degree
Worldwide, demand for AR/VR talent is up by 1400% as the tech is now increasingly being used by a broader range of industries, from marketing, to retail, to film
Machine Learning Engineers rank within the top 10 highest paid roles, earning on average £101K ($131K)
Commenting on the report, Gordon Smith, GM, Europe at Hired, said: “This data, aside from highlighting some of the trends driving digital transformation globally, is a great motivator for tech talent in the UK, empowering them with insights that will help them to understand current hiring trends and their market worth. While salaries for Software Engineers continue to rise globally, the UK led the way in 2019, cementing the country’s place as one of the world’s top tech hubs. To continue this unparalleled growth in the UK, employers, aside from offering competitive salaries, need to ensure that understanding what top talent want from their jobs is a main priority for hiring managers. ”
Other recent reports from Hired include The UK Tech Workplace Equality Report and The 2019 Global Brand Health Report. You can also find many more UK focused tech employment details from Hired here.
Find out more about Hired here: https://hired.co.uk/