Forget banking, top wages are paid to IT staff: German software firm announced as highest paying company in the UK with average salary being £90,000
- German software maker SAP best paying firm with average £90,000 salary
- Firm has its UK headquarters in Feltham, a town two miles from Heathrow
- Second in UK top ten is technology company EMC based in Brentford
- The third and fourth positions are both taken by consultancy firms
If you think City bankers earn the big bucks, think again.
The real fat cats are more likely to work for a foreign IT company and be based in the London suburbs, new research suggests.
German software maker SAP has emerged as the best paying firm in the UK, with staff taking home an average of £90,000 in pay and perks.
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The real fat cats are more likely to work for a foreign IT company and be based in the London suburbs
The package, which is more than three times the UK average, includes an average basic salary of £75,000.
The little known firm has its UK headquarters in Feltham, a suburban town two miles from Heathrow airport and far removed from the glamour of Central London.
Second in the top ten best paying companies in the UK is EMC, another technology firm you have probably never heard of.
It is based seven miles away in the London suburb of Brentford. Its staff receive an average package of £86,500, including a basic wage of £70,000.
The third and fourth positions are both taken by consultancy firms, which are often derided for their love of management jargon but command huge fees from blue chip clients.
Those lucky enough to work at McKinsey & Company receive an average of £85,499, whole staff at Boston Consulting Group receive £83,311.
Perhaps surprisingly, there are just three banks, all of them foreign, in the list of the top ten best-paid companies compiled by online recruitment firm Glassdoor.
These are Germany’s Deutsche Bank, where staff earn £75,000 on average, Japan’s Nomura International (£74,990) and French lender BNP Paribas (£73,000)
Experts said shortage of highly skilled IT workers means people with computer skills command huge salaries
By contrast there are five technology firms in the top ten. As well as the two already mentioned, there are three Silicon Valley giants: Facebook (£79,500), Cisco Systems (£74,000) and Google (£73,000).
Experts said the shortage of highly skilled IT workers means people with computer skills can command huge salaries, particularly as more of us rely heavily on technology at work and at home.
Dr Andrew Chamberlain from Glassdoor said technology boffins have the ‘superstar effect’ as they can help companies reach millions of people through their smart phones.
He said: ‘Tech salaries in particular tend to be high because of a shortage in specialist skills such as software development and programming, with a bidding war for these workers now underway.’
The lack of a single British bank in the top ten may seem surprising, given the multi-million packages lavished on top executives and investment bankers.
But the average pay of lenders like Lloyds, Royal Bank of Scotland and Barclays is dragged down by the thousands of staff – including frontline employees working in branches – who earn less than the average UK salary of £27,600.
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