2017 IT Salary Survey Guide

Cem Baris 24.02.2017

New technological developments has led to an increase in demand for candidates in all areas of IT from cyber security, data science, UX, DevOps & support.

View our most up-to-date IT Salary Guide.

Contents:

London 

Home Counties

London | Permanent

Basic Salary (£ Per Annum)

Senior Appointments Industry Low Mid High
 
Programme Manager Banking & Financial Services 80,000 90,000 120,000
Commerce & Industry 70,000 80,000 90,000
Project Manager Banking & Financial Services 55,000 70,000 90,000
Commerce & Industry 45,000 60,000 75,000
Business Analyst Banking & Financial Services 50,000 65,000 80,000
Commerce & Industry 40,000 50,000 60,000
IT Director / Head of IT Banking & Financial Services 70,000 85,000 110,000
Commerce & Industry 65,000 80,000 100,000
Enterprise Architect Banking & Financial Services 80,000 95,000 120,000
Commerce & Industry 80,000 95,000 110,000
Solutions Architect Banking & Financial Services 70,000 85,000 95,000
Commerce & Industry 60,000 75,000 85,000
Technical Architect Banking & Financial Services 60,000 75,000 90,000
Commerce & Industry 50,000 60,000 70,000
Development Industry Low Mid High
Java Developer Banking & Financial Services 45,000 65,000 90,000
Commerce & Industry 35,000 50,000 75,000
.NET Developer Banking & Financial Services 45,000 65,000 85,000
Commerce & Industry 35,000 50,000 75,000
Frontend Developer Banking & Financial Services 35,000 55,000 75,000
Commerce & Industry 25,000 45,000 65,000
Mobile Developer Banking & Financial Services 38,000 57,500 70,000
Commerce & Industry 28,000 45,000 65,000
C++ Developer Banking & Financial Services 50,000 70,000 85,000
Commerce & Industry 45,000 55,000 80,000
Test Manager Banking & Financial Services 58,000 65,000 75,000
Commerce & Industry 45,000 55,000 65,000
Test Analyst Banking & Financial Services 35,000 45,000 55,000
Commerce & Industry 28,000 33,000 40,000
Data & Advanced Analytics Industry Low Mid High
Head of Data Science Banking & Financial Services 80,000 100,000 120,000
Commerce & Industry 70,000 90,000 100,000
Analytics Manager Banking & Financial Services 55,000 65,000 75,000
Commerce & Industry 50,000 60,000 70,000
Data Scientist Banking & Financial Services 45,000 65,000 90,000
Commerce & Industry 35,000 50,000 80,000
Data Engineer Banking & Financial Services 50,000 60,000 70,000
Commerce & Industry 40,000 50,000 70,000
Data Architect Banking & Financial Services 55,000 75,000 120,000
Commerce & Industry 50,000 65,000 90,000
Data Visualization Developer Banking & Financial Services 50,000 65,000 80,000
Commerce & Industry 40,000 55,000 65,000
Machine Learning Engineer Banking & Financial Services 50,000 65,000 85,000
Commerce & Industry 45,000 60,000 70,000
SQL Developer Banking & Financial Services 42,000 60,000 80,000
Commerce & Industry 38,000 42,500 50,000
Business Intelligence Developer Banking & Financial Services 45,000 60,000 80,000
Commerce & Industry 40,000 50,000 60,000
Oracle DBA Banking & Financial Services 40,000 52,500 75,000
Commerce & Industry 35,000 45,000 50,000
IT Governance and Security Industry Low Mid High
Chief Information Security Officer Banking & Financial Services 110,000 140,000 160,000
Commerce & Industry 90,000 120,000 140,000
Head of Technology Risk Banking & Financial Services 110,000 125,000 140,000
Commerce & Industry 90,000 110,000 140,000
Technology Risk Manager Banking & Financial Services 75,000 90,000 110,000
Commerce & Industry 65,000 80,000 100,000
Technology Risk Consultant Banking & Financial Services 55,,000 65,000 75,000
Commerce & Industry 45,000 55,000 70,000
Information Risk Manager Banking & Financial Services 75,000 85,000 90,000
Commerce & Industry 55,000 65,000 75,000
Information Risk Consultant Banking & Financial Services 55,,000 65,000 75,000
Commerce & Industry 50,000 60,000 70,000
Information Security Analyst Banking & Financial Services 45,000 60,000 90,000
Commerce & Industry 40,000 55,000 75,000
Information Security Manager Banking & Financial Services 60,000 80,000 110,000
Commerce & Industry 55,000 75,000 90,000
Information Security Consultant Banking & Financial Services 55,000 85,000 110,000
Commerce & Industry 45,000 65,000 90,000
Information Security Architect Banking & Financial Services 60,000 90,000 120,000
Commerce & Industry 50,000 80,000 100,000
Security Project Manager Banking & Financial Services 60,000 90,000 120,000
Commerce & Industry 55,000 75,000 100,000
Network Security Analyst Banking & Financial Services 40,000 60,000 85,000
Commerce & Industry 35,000 50,000 70,000
Network Security Manager Banking & Financial Services 55,000 75,000 95,000
Commerce & Industry 50,000 60,000 85,000
Infrastructure and Support Industry Low Mid High
Infrastructure Manager Banking & Financial Services 50,000 65,000 90,000
Commerce & Industry 40,000 57,500 75,000
Infrastructure Engineer Banking & Financial Services 40,000 55,000 70,000
Commerce & Industry 35,000 45,000 60,000
Third Line Support Banking & Financial Services 34,000 48,000 55,000
Commerce & Industry 32,000 35,000 42,500
Second Line Support Banking & Financial Services 30,000 36,000 40,000
Commerce & Industry 25,000 32,000 35,000
First Line Support Banking & Financial Services 25,000 30,000 35,000
Commerce & Industry 22,000 25,000 28,000
Network Architect Banking & Financial Services 67,500 75,000 85,000
Commerce & Industry 55,000 65,000 75,000
Network Engineer Banking & Financial Services 45,000 55,000 70,000
Commerce & Industry 35,000 50,000 60,000
Applications Support Analyst Banking & Financial Services 38,000 50,000 75,000
Commerce & Industry 30,000 40,000 50,000

London IT Commentary

Overview

With continued venture capital investment and interest, there is optimism for jobs in the UK technology sector, as more funds continue to be created. With reports of yet another VC looking to set up in London in 2017, this can only mean good news as numerous jobs across the spectrum will be created. The technology market got off to a great start in 2016 with the release of new products, services and software which created a vibrant and buoyant environment for hiring. However, the referendum result seemed to dampen this environment, with an 8% decrease in available jobs recorded in the final quarter of the year.

Positive & Negative News

There was a consistent demand for DevOps roles over the course of the past 12 months and we expect this trend to continue throughout 2017. This has been driven by startups and corporate clients, in particular those with a consumer user base who expect frequent web and app releases. Key skills and technologies being requested by employers centred around virtualisation, automation (Chef, Puppet) and cloud experience such as Google, Amazon AWS or Microsoft Azure.

Machine learning and artificial intelligence hiring is at an all time high. This has been most prominent within the HealthTech sector, where firms have achieved notable success in harnessing the capability of ML & AI. Applicants with a masters degree or PhD in artificial intelligence, deep learning, machine learning or computer science are high in demand for Data Science, Machine Learning and Artificial Intelligence roles.

Data engineers, data analysts and data scientists are a staple part of the diet across all facets of the industry, with strong skills in Hadoop, R, Python, SAS, SQL/NoSQL, Scala and Spark are consistently requested by employers. Fullstack and Frontend developers are in constant demand, particularly those with commercial experience of Ruby-on-Rails, AngularJS and React.

The UK’s digital economy is growing 32% faster than the wider economy and is creating jobs 2.8 times faster. Technology continues to shake things up across all industries, with Fintech, AdTech and HealthTech leading the way. 

The financial services sector was heavily impacted by a wide range of factors across 2016, such as the record low interest rates set by the Bank of England, leaving savers and retail investors to consider their options when it comes to personal savings and investments. The resulting pressure has driven the industry to revolutionise its outlook on how it interacts with customers, leading to the creation of many startups and notably innovation hubs and acceleration labs within major banks and the corporate client base. 

Qualities & Skills in Demand

Experience of role-specific technical skills are of course an important factor when employers are considering candidates for senior roles. However, at the most senior levels, firms tend to look for a strategic and transformational view of technology, with a broader level exposure to accommodate for the diverse remits associated with these positions. Those who progress into leadership will have a knack of translating business challenges to technical teams and vice versa.  Those who progress the quickest or most likely to become CTO are often able to win the hearts and minds of a wider audience through highly engaging communication style, and a deep appreciation of what makes their users, staff and employer tick. 

Outside of Work

The learning and development landscape has changed significantly in recent years, as often there isn’t a recognised accreditation or industry body associated with the plethora of technologies now being utilised across industry. Whilst some independent organisations and training firms have been established, for example General Assembly and Coursera, often the case is that clients have a greater interest in applicants with commercial experience with the latest technologies. 

Therefore professionals who are experimenting in their spare time, or gaining a breadth of experience in their current role, will gain a significant advantage in the hiring process. In particular, candidates that attend specialist meetups and are active on community sites such as Stackoverflow and Github tend to be well received by recruiters and hiring managers. This evolving practice in hiring works well for startups and tech firms, but can be a major headache for corporate employers who are more used to hard skills and qualifications when it comes to hiring and internal governance. The need for industry accreditations play a more prominent role in fields such as cyber security and technology risk, with most firms insisting on applicants with CISSP, CISA, CISM, CGEIT or CRISC. 

Notable Trends

Diversity is an area of focus for most corporate employers, with many finding it challenging to achieve targets. Comparatively, startups are streets ahead and are far more successful on all fronts when it comes to attracting STEM talent. This can be partially attributed to the current generation of talent coming through choosing the startup route over a career climbing the corporate ladder. 

Technology, in particular software engineering and data teams, rely heavily on overseas talent. One paper recently estimated that 42% of all London technology start-ups have a founder who was educated outside the UK and over 40% of all European technology workers live and work outside their home nation. Whilst we haven’t seen an exodus of European talent since the referendum result, we have certainly observed a reduced interest in UK opportunities from overseas applicants. It is our hope that with recent moves to London by well known west coast VC’s, and more recently the high profile move by Snapchat to make London their hub for Europe, overseas applicants can be confident that London is very most open for business when it comes to attracting highly skilled tech talent in 2017.

 

 

HOME COUNTIES | Permanent

Rate (£ Per Annum)

IT Governance and Security Low Mid High
Chief Information Security Officer 90,000 120,000 140,000
Head of Technology Risk 90,000 110,000 140,000
Technology Risk Manager 65,000 80,000 100,000
Technology Risk Consultant 45,000 55,000 70,000
Information Risk Manager 55,000 65,000 75,000
Information Risk Consultant 50,000 60,000 70,000
Information Security Analyst 40,000 55,000 75,000
Information Security Manager 55,000 75,000 90,000+
Information Security Consultant 45,000 65,000 90,000+
Information Security Architect 50,000 80,000 100,000
Security Project Manager 55,000 75,000 100,000
Network Security Analyst 35,000 50,000 70,000
Network Security Manager 50,000 60,000 85,000
Penetration Tester 45,000 55,000 65,000
SOC Analyst 30,000 40,000 50,000
SOC Manager 40,000 50,000 60,000
Senior Security Engineer 55,000 65,000 75,000+
Security Engineer 30,000 40,000 50,000

 

 

 

HOME COUNTIES | Temporary

Rate (£ Per Day)

IT Governance and Security Low Mid High
Chief Information Security Officer 700 900 1,200+
Head of Technology Risk 700 900 1,200+
Technology Risk Manager 350 450 600+
Technology Risk Consultant 350 450 600+
Information Risk Manager 350 550 600+
Information Risk Consultant 250 300 350
Information Security Analyst 250 300 400
Information Security Manager 300 400 500+
Information Security Consultant 300 400 500+
Information Security Architect 250 400 550
Security Project Manager 275 325 550
Network Security Analyst 170 250 350
Network Security Manager 250 300 425
Penetration Tester 300 350 400

Home Counties IT Commentary

Overview

We saw a genuine growth in jobs across the cyber security in the Home Counties throughout 2016. This was driven by large projects such as smart metering and GDPR as well as numerous high profile breaches. At the start of the year, consultancies operating in this space forecasted strong growth figures, which lead to a real push for talent in the market. However, the increasing costs associated with outsourcing has led to an increasing number of businesses opting to create in-house cyber teams rather than relying on external consultancies. This shifting trend has rippled across the job market, creating an increased demand for permanent hires, limiting the short term opportunities available to professionals. 

Positive & Negative News

With demand for Cyber Security and Information Security professional increasing, defining job titles has been tough, with some organisation upgrasing analyst roles to manager to increase salaries on offer. Having said this, roles requiring Technical competence have increased as well as Cyber Security/Information Security Manager roles where interaction with the business is required.

The growth in IOT (Internet of Things) has lead to an increase in demand across many businesses as they start to consider vulnerability of products and their own infrastructure. High profile security breaches such as the Department of Homeland Security, SnapChat, Linked In, Yahoo and Tesco Bank just to name few has lead to organisations deciding to take action and prevent breaches in the future.

Technical competencies, particularly in relations to web applications, will be highly sought after throughout 2017. As IOT grows and capability is increasingly moved online, cyber and information security teams are routinely being asked to protect against online attacks. Therefore development of communication and problem solving skills are also highly sought after. Whilst technical proficiency is clearly a prerequisite for these roles, employers are looking for individuals who have the ability to engage with non IT internal stakeholders and find ways to deliver solutions. 

Qualities & Skills in Demand

Anyone looking to step up to a CISO role needs to have a breadth of experience across all areas of cyber and information security, including: risk & governance, operations, project and technical skills. Qualifications are also important as employers increasingly look for CISM or CISSP qualified professionals. On the softer skills, employers are looking for business aware and business focused CISO, strongly favouring candidates that can demonstrate an ability to ‘make the complex easy’. 

Outside of Work

Professionals looking to increase their salary should ensure that they are working towards becoming CISSP or CISSM qualified. Expanding exposure to other areas of the organisation is also key for those seeking promotion. With business and consumer practices increasingly move online, becoming an expert on web application security will provide access to working with sales, development, finance and customer focused teams.

Notable Trends

The strong need for cybersecurity professionals coupled with a sparse local talent pool means that organisations are increasingly looking abroad for new talent. Employers are increasingly looking at candidates from mainland Europe to fulfil their requirements. In countries such as Portugal and Spain, where the economic climate is tougher, candidates are more than happy to relocate. 

Cem Baris's picture
Director | Information Technology & Sales
cbaris@morganmckinley.co.uk