Menu visibility control

Video

Events

Startup Surgery

Most Recent

Tech City Voices

Making gender pay gap reporting work for tech

News

Top tech stats: UK FinTech, Brexit, cybersecurity and more

News

Startup Weekly: Just Eat’s FoodTech cohort, TrueStart’s call for applications and much more

Press Releases

Redbox Digital Gains Prestigious Magento Global Elite Partner Status
More than £1m transacted using Loot in its first 4 months
HT2 Labs receives Series A investment from City & Guilds Group

Startup salaries boom to average over £40,000

Silicon Milkroundabout

Story Summary

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

Topics

Related articles

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.

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 email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

gender pay reporting

Making gender pay gap reporting work for tech
posted 1 hour ago

tech stats

Top tech stats: UK FinTech, Brexit, cybersecurity and more
posted on April 22, 2017

startup weekly

Startup Weekly: Just Eat’s FoodTech cohort, TrueStart’s call for applications and much more
posted on April 21, 2017

Divido EP winner

Meet our FinTech Startup of the Year: Divido
posted on April 21, 2017

shanghai

GP Bullhound: UK’s ranking in FinTech declines slightly as China takes the lead
posted on April 21, 2017

TWIT 21.04

Nauta Capital’s $100m raise, Cera’s £1.4m Seed top up, Appear Here’s US expansion and more in the Week in Tech
posted on April 21, 2017