2011 Tech Job Trends


Posted by flowther on Tuesday 1st of November 2011 | 0 Comment(s)

London tech start ups are going head to head with Investment banks this week as the Silicon Milkroundabout job fair aims to lure the brightest computer science graduates away from investment banks and towards quirky start ups. Start ups and young technology companies have always battled banks for the UK's top tech talent, and with a growing, entrepreneurial community in East London and promises of stock options, flexible working hours and coal face experience, these young tech companies may now be winning the war for the top graduates.

Key Info:

- There are over 150 companies hiring at SiliconMilkRoundabout with over 500 technical jobs up for grabs at London start ups (with salaries from £20k to £100k)


- There are 3,134 Graduate technical jobs available in the UK and over 1,000 in London currently listed on Adzuna.co.uk, the UK’s most comprehensive job search engine.


- The average Banking IT salary is £57k which is 19% higher than the average tech start up salary. Tech startups offer greater job satisfaction and the upside of options, but this salary gap is what the start hiring community is up against.


- 23% of start ups currently hiring in London are offering stock to graduate tech employees; 0% of banks hiring graduates are offering stock.


- Despite their age, workhorse languages such as C and C++ continue to remain at the top end of the software development landscape in terms of use and job potential. That being said, Ruby, Hadoop and HTML5 are the fastest growing “in demand” tech skills with employer demand up 70%+ year on year for all of these search terms


- Graduate Mobile developers can demand a premium, with the average graduate salary for iPhone developers at £34k and Android developers at £35k, 20% higher than the average graduate tech job.


- Despite what appears to be an abundance of tech jobs in the UK, 13.1% of computer science graduates remain unemployed (source: HESA). 7,000+ computer scientists graduated this summer from University in the UK.

How do we get this data?


To carry out this analysis, Adzuna.co.uk collated every single tech job advertisement posted in the last month on over 150 different UK job boards, a total of 100,000 tech job ads. Using the advanced search technology that powers its job search engine, the data was semantically analysed based on “ad content” and salary rates. This data was then matched to the annnual statistics published by the Higher Education Statistics Agency (HESA) and the Office of National Statistics. Adzuna have also produced a nice little infographic mapping out the tech hiring landscape here - Graduate job trends graphic