Salaries for London tech workers are lagging far behind their US rivals, despite the capitals status as a leading hub for fintech firms.
The average salary for London tech workers is £62,000, up six per cent on last year, according to figures from employment firm Hired. Read more:Five fintech firms scoop combined £25m from RBS competition fund
While this is 67 per cent higher than the average salary in the capital, the wages remain a long way behind pay in the US, which is the most lucrative location for tech workers.
In the tech hub of San Francisco, employees make on average $145,000 (£114,000), followed by $138,000 in Seattle and $133,000 in New York.
Moreover, pay cheques are rising faster in other cities, with workers in Toronto and Boston making nine per cent more than last year.
“Our unique window into the key salary trends shaping the career landscape for tech talent enables us to empower tech workers to gain better visibility and transparency into the compensation available in their industry,” said Hired chief executive Mahul Patel.
“We hope this report will make it easier for job seekers to understand their market value, create an equitable future and help them to find a job they love with a salary they deserve.”
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