Salary benchmarking site, has analysed Data from 503 IT senior employees (10 years of experience or more) in the UK

Every firm in every sector wants IT professionals. Courted from all angles, they have a choice: free-lancing, joining the exciting world of startups, plugging themselves to large tech groups or hopping on the finance gravy-train, as banks are more and more in need of professionals sitting between traders, quants, middle office and internal systems departments. So with all these options in mind, how do these different career paths pay off in the long term?

  • Play it safe, go large: across all industries, top paying firms for senior IT professionals are large firms (1,000+ employees). Working for a larger firm, employees can also expect regular training and various benefits.
  • Highly-IT dependent financial institutions pay the best showing how key it is for them to stay on top of new products, trends, risk-management and trading systems. As expected, industries less reliant on technology such as Law firms pay less.

Top 3 Tech firms for IT

Company Annual income for senior employees
Google £120,000
SunGard £105,000
IBM £100,000

Top 3 Financial institutions for IT

Company Annual income for senior employees
Deutsche Bank £175,000
Credit Suisse £162,000
UBS £160,000

Thomas Drewry, CEO at said ‘It is not surprising to see that banks and asset managers top the charts as trading and risk management are IT-intensive functions which are key to running these institutions’ everyday business. The lack of funds available to the public sector however is a concern: with intense competition from other industries, it is difficult to see how it will retain senior IT professionals.’

Average Annual income per industry (salary+bonus)

Industry Annual income for senior employees
Banks £133,000
Asset Managers £122,000
Rating Agencies £102,000
Consultancy £85,000
Tech £84,000
Insurance £76,000
Law firms £68,000
Public sector £51,000

Source –