Very much so though the market is super hot now I just took a job locally on Monday (no godam commute on the shit show that is thames link ) and thought I did well to get 5K bump.
since then I just got pitched a 100,000 K euro Job in Portugal (flat 20% tax!!!!) and a £60K one in London maybe I jumped to soon.
No, I mean my salary went up at most 15-20% in that time.
So it means even with promotions etc. you just break even - it feels like you are just working for your landlord.
That said, it is still better than London where the situation is just untenable and I prefer the quality of life here as well. (sadly so do all the tourists!)
Actually in the tech sector the price vs salary ratio is pretty consistent all over the UK. The prices are high in London but you earn a pile of cash. The inverse is also true elsewhere.
London is one of those crazy places where a job jump can actually get a salary boost larger than the national average salary in its entirety which is where the short term advantage is if you know how to play the market.
On top of other things, it's worth noting that the exchange rate has shifted a lot over the last few years. $100k would have been about £58k in 2014, but now is about £83k.
Manchester here too, though I work remotely for a mainly London based company. I think salaries are climbing here, as more business comes but we don't have the same size talent pool as London so the demand is pushing things up.
No, but it's made my decision to stay in my home city more viable long term. I live in the UK Midlands, which is cheaper to live in but has less opportunities than London. I have had good jobs here, but less choice than I'd have liked. I started a job search and while I've ended up working for a local branch of an international company again, in my search I found many more remote positions. I think it'll mean that in future I'll be able to leverage my experience for a job at more like ~London salary. Right now, I'm probably at 80% of London salary for my job, which is fine as my cost of living is very low and I live in a very nice area of the kind that would be difficult to achieve as an owner and not a renter in the South.
I moved from London to work for one of the FAANG companies in SV and my salary has grew more than 10 times over 5 years (partially due to insane stock run). Having said that I still enjoyed life in London more and planning to come back to Europe in few years since I will be able to live comfortably with money saved.
Edit: by salary I meant total income including RSUs, the salary is also much better but obviously not 10x.
Hadn't worked in the western workforce in 7 years. Turned up in London in 2009, got £40k, kicked ass, had £60k within 3 months, up from there. These days I honestly wouldn't live in London for under £100k. I think the thing to do is contract work, live out of London (even in mainland Europe) if at all possible.
my first job out of uni was in medium-size finance software consultancy @£35k, up to £37k in less than a year. Trying to live a family life on that wasn't fun (definitely possible, just not fun). Moved 80 miles south for a £34k salary, reduced hours & stress, no dry cleaner bills, much cheaper rent and 0 commuting costs (cycling). Don't miss London one bit :-) OTOH, I've not had a raise yet and can't see one coming any time soon.
p.s. all numbers are pre-bonus, but for junior devs they're near-negligible in both companies anyway.
Maybe, although I’m currently being paid top end London wages in the country. A lot will depend on supply and demand, what salaries people are willing to accept, and what more openness to remote employees does to the candidate pool.
The difference is so high inside of London compared to an hours train away that it's not even on my radar any more to even look for jobs in the UK outside of London. I sat a jump of 2/3rds in salary when moving to london.
Not particularly - in London, or with a lot of high-funding startups it's more common, but across the country no.
Makes it much harder for local companies to try and compete, even if they're very big. If you see my salary changes over the last year, it's a considerable jump.
Either way, I'm aware I'm gonna be working quite a bit for it :D
London is expensive as you remember, but salaries are high to offset that somewhat. There is a booming tech and fintech market in London too so I think your skills are in demand. It could be a good move for a few years, but that depends on your long-term plans.
I don't know about that... Salaries in the UK are crap, much lower than in the EU; and I have the impression that London is only up in the stats because of the quant jobs, which while technically 'software development' jobs, are out of reach for most people that would consider themselves 'software developers'. Now I don't keep quite as close an eye on the UK job market as I used to, but even the job opening and contracts I see on mailing lists I'm on, don't make me want to jump ship...
The trick is for that dev to take the London job for £100k. Most people are clever enough to tune in to the market rate. A few outliers won't wreck things as that person who takes a job at a low salary will have lots of opportunities to learn the market rate and then move in order to get it. The bigger the disparity between their new rate and the market rate, the more the incentive to move.
Also, FYI we aren't yokels who get paid half as much up here ;)
Maybe outside London. I recently left London but took my salary with me. If I needed to get a new job where I am I'd probably be looking at a 40-50% pay cut.
since then I just got pitched a 100,000 K euro Job in Portugal (flat 20% tax!!!!) and a £60K one in London maybe I jumped to soon.
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