Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Startup Weekly: Starling Bank’s hackathon, FoodTech awards & more

Need to Know

A happy workforce: The key to business success

Need to Know

Here’s how your tech firm can exploit the podcasting revolution

Press Releases

Software testing leader TestPlant appoints Dr. John Bates as CEO
CreditLadder appoints Proptech Expert Sheraz Dar as new CEO
Hermit: A Startup With New Ideas About Office Space

Startup salaries boom to average over £40,000

Silicon Milkroundabout

Story Summary

Average advertised startup salary up 6% at £41,718

Topics

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

As the UK tech sector continues to grow, it looks like startup salaries are also on the rise. The average advertised salary for startup jobs now stands at over £40,000, according to new research.

Figures released by recruitment event Silicon Milkroundabout and job search engine Adzuna.co.uk have revealed that the average advertised salary has jumped 6% in the past year, rising from £39,244 to £41,718.

The research also shed some light on the size of the tech job market, revealing UK startups are currently hiring for 8,554 positions.

Top tech stats: UK tech salaries ‘among lowest in the world’, STEM subjects & more

Startup salary breakdown

It’s not just software developers and designers who saw a salary boost. Marketing and sales salaries saw increases of over 35%, with the advertised salary for both now around £40,000 as well.

Andrew Hunter, cofounder of Adzuna.co.uk, believes startups can now compete with the biggest companies when it comes to salaries:

Just like in Silicon Valley or New York, well-funded and profitable startups have levelled the playing field and can compete directly on salaries with the City and big tech companies for the most talented people.

Tech scene ‘exploding’

The research also found that UK startups have over 80% more open jobs than a year ago.

London and the South East lead the way with 60% (just over 5,000) of the jobs located in the area.

Pete Smith, a cofounder of Silicon Milkroundabout, added:

This data backs up the feeling those of us on the inside have had for a while – that the UK tech scene is exploding.

Not only has the number of jobs on offer nearly doubled in 12 months, but salaries continue to outpace industry averages.

Hiring this weekend

Silicon Milkroundabout returns to London this weekend, hoping to match over 160 of the UK’s top tech companies with developers, product managers, designers and marketers.

Over 1,400 jobs are said to be on offer, with the list of startups including Badoo, MOO, King, Shazam, Geckoboard, onefinestay, graze, notonthehighstreet.com, and Space Ape Games.

Anyone interested can register for the event on the Silicon Milkroundabout website.

Register for Silicon Milkroundabout

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

startup weekly (4)

Startup Weekly: Starling Bank’s hackathon, FoodTech awards & more
posted 8 hours ago

happy workers

A happy workforce: The key to business success
posted 11 hours ago

podcasting revolution

Here’s how your tech firm can exploit the podcasting revolution
posted 13 hours ago

Lee Evans - SurveyMe

Cheshire-based mobile app SurveyMe gets £2m
posted 14 hours ago

TWIT - Emily 23.02.17

A £12m series B, a £57.5m fund for Northern SMEs, a hoverbike and more in The Week in Tech
posted 17 hours ago

Team_Monzo

Challenger bank Monzo announces £19.5m investment
posted on February 23, 2017