Technology is not treated - or compensated - as a core competency at these companies. ![]() Most of these places call engineering as IT, and often view it as a cost center. #1: Companies only benchmarking against their local competition and non-tech companies, competing with their local competitors. Here is the split of the three groups of companies, based on their compensation philosophy: The range for #3 is almost entirely missing from most public salary data. A site that is better at capturing all three tiers is the one I'm building:. You'll find little to no compensation data on this third pillar on likes of Glassdoor, Payscale, Honeypot, Talent.io, Stack Overflow Jobs and other public job or salary portals. Which category does your workplace belong to? Most engineers are not aware of this third, Big Tech pillar and the compensation ranges it introduces, assuming compensation can not go beyond what is offered at the second pillar: There is no longer an "average" salary for software engineers in Europe / the Netherlands: just an average salary per one of the three, distinct categories. I'm seeing the software engineering compensation market becoming trimodal - split into three distinct groups that "spike" and that have little overlaps. Where is the disconnect? Tiers of Companies It's not just Uber: senior total packages have gone up by 50% from around €100,000 in 2016 to €150,000+, as part of the EU salary research I've been running (I'll share the survey reports in-detail in later blog posts - subscribe here to not miss it). Meanwhile, I've observed the average senior total compensation figures at Uber nearly double from €110,000 in 2015 to €170,000-€230,000/year by 2020. The 2021 Talent.io salary report puts the most experienced software engineering salaries in Amsterdam at €60,000/year. The 2019 Honeypot Amsterdam developer survey says, "the most experienced developers earn an average of €55,000 high as over €70,000". Interesting enough, many engineers did not notice any meaningful salary changes these years. The market - and compensation - for software engineers have moved upwards at an incredible pace over during this time. I've been a hiring manager at Uber, in Amsterdam, for over 4 years. ( Watch this article as video narrated by me, with additional context) Also see for data recorded for a growing number of countries in the three tiers. Update: dozens of hiring managers confirmed this trimodal model applies to all global markets: from the US, through Asia to Latin America as well. ![]() Eventually it will – unless it’s offensive or libelous (in which case it won’t.Menu The Trimodal Nature of Software Engineering Salaries in the Netherlands and Europe Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Have a confidential story, tip, or comment you’d like to share? Contact: the first instance.īear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Comment ANONYMOUSLY on articles and make yourself visible to recruiters hiring for top jobs in technology and finance. Amsterdam has a notably wide range, overtaking London at the top end with salaries of $266.7k, while Hong Kong has the second highest minimum salaries of all behind New York, paying $204.2k.Ĭlick here to create a profile on eFinancialCareers. In Europe, London overtakes subprime US locations like Dallas and Austin with a $185.4k maximum while in Asia, Hong Kong comes very close with maximum salaries of $178.8kįor directors in banking technology roles, New York assumes its expected position of superiority with the highest minimum salaries of $225k, though San Francisco is still level at the upper limit of $300k. Moving up a few levels to Vice President, New York catches up with San Francisco, with maximum expected salaries level at $250k. London has the highest potential earnings with $86.5k but it's worth noting that Switzerland has the highest minimum salaries at $44k Outside the US, the least desirable place by some distance is Paris (even though banks love hiring there). Average salaries for the lowest paid engineers in the two cities are dead even at $120k but the greatest San Francisco engineers have the potential to earn a little bit more than their New York counterparts. We all know that banking engineer jobs in America pay better than overseas, but where in America pays the most? If you want to work elsewhere, which cities and countries do banks value the highest? Based on salary data from a recent compensation report from recruitment firm Selby Jennings, we can answer those questions.Īt analyst level, San Francisco somewhat surprisingly pays better than New York.
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