Does your IT pay in London match up?
by Heat Recruitment
Do you know what your IT pay in London should be measured against?
As a rapidly proliferating industry, information technology is proving itself the sector of choice for budding ‘techies’. During political uncertainty and rumours of automated technologies ‘stealing’ our jobs at an all-time high, it’s hard to predict the future of many sectors. But one thing’s for sure – there’s no shortage of roles in IT, and the earning potential outlaid by the industry is nothing short of appealing.
Heat Recruitment have released their annual IT salary survey – and of course, it’s no surprise that salaries in London are coming out on top. The question is, does your IT pay match up?
Despite the technology sector experiencing a talent shortage as a whole, demand for the most senior roles has been increasing in recent years. Digital transformation is totally altering the way businesses are structured, and as a result, roles – particularly in the C-suite – are shifting. For Chief Information Officers (CIOs), this means they’re more heavily involved in the business’ operational model and have a more direct impact on the bottom line. The CIO is now sitting alongside the Chief Technology Officer (CTO), and as companies pile on the responsibility, a CIO could take home an annual pay packet of up to £248,000.
Outside of the boardroom, there’s a shortage of talented candidates for managerial roles. Contrary to what you may think, this isn’t a skills shortage problem – rather, it’s a lack of experienced managers that have received the necessary training to set measurable goals, mentor their team and improve performance of those around them. Those who fit the bill are highly sought after, and those in the capital have seen a pretty hefty rise in their annual pay packets. However, major tech hubs are forming outside of the capital, with Bristol, Brighton, Leeds and Manchester paving the way for smaller cities. So, we’re likely to see the same salary trends spill into these regions too.
When recruiting for project management roles, recruiters are looking for effective communicators, strategic thinkers and problem-solvers – and they’re certainly willing to boost their remuneration offerings to secure them. The highest-earning employees in this bracket are Programme Managers, who tend to earn between £69,800 and £99,500, depending on how many years’ experience they have and whether they are Prince 2 or MSP Certified. They’ll need excellent negotiation and leadership skills, but nowadays expertise in their specialist area is absolutely crucial.
As many businesses are in the process of upgrading their IT infrastructure, we’ve seen an increase in demand for specialist skills – and the most highly-skilled candidates are the ones reaping in the financial rewards.
There are two major developments that have changed the IT landscape: IoT and 5G. The widespread adoption of IoT has provided us with new ways to implement and analyse data, while combining new technologies to achieve successful outcomes. The highest earners are Infrastructure Managers, who could earn anything up to a maximum of £71,000 per year. To land a role as an Infrastructure Manager, you’ll typically need a minimum of seven years’ experience, the ability to understand and communicate complex concepts and broad technical knowledge.
As scaremongering from the media continues, companies – and individuals – are keen to invest in securing their data. This year, the UK has already experienced over 600 cyber-attacks, so it’s no surprise that workloads and wages are rising, as cybersecurity remains an important consideration in the innovation of tech. This is reflected in Information Security Managers’ salaries, which could rise to as much as £85,000 at the peak of their career in security. While the top salaries can be found in the capital, those working in cybersecurity can often work remotely – an extra perk in the already generous compensation packages.
Software and Development Testing
Data and business intelligence
The emergence of AI and Machine Learning (ML) has left Data Analysts and Database Administrators concerned about the future of their roles. However, we are seeing a shortage of candidates who fit the bill for ‘human’ roles – perhaps because applicants are hesitant to apply for a role with such an uncertain future. But there are advantages to these roles too, as salaries are rising significantly to meet demand. So, candidates with a natural flair for data analysis will be rewarded for the ‘human’ skills they bring to the table. Most roles within data and business intelligence fall around the £40,000-£60,000 mark, which is a generous offering compared to salaries in previous years.
Don’t see your role in this blog? Fear not, we have the entire salary survey right here