LONDON
MARKET OVERVIEW
London
A combination of the global pandemic and Brexit continues to have a profound impact on London's Tech Scene.
London's tech ecosystem centres around Old Street and the aptly named 'Silicon Roundabout' before spreading out across Kings Cross and the West End. A community of highly successful startups and VCs accompanied by tech giants such as Apple, Google and Facebook have all set up shop in the city, making it the standout tech capital of Europe.
However, the Covid-19 pandemic has pushed people to remote working for longer than anyone could have envisioned and the damage caused to the eco-system could be long-lasting still. Coworking spaces which supported many of the entrepreneurial founders of London's brightest scaleups are struggling to stay in business and some such as TechHub have already closed their doors.
In addition, London-based businesses are having to embrace the new challenges and indeed opportunities tied to Brexit. For Tech companies, one of the biggest challenges is attracting great tech talent and being able to maintain access to some of the brightest tech minds around the world.
These are challenging and uncertain times indeed - but as a city so steeped in history, one thing that London has shown us is that it will always find a way to bounce back.
Kevin Board
London Director
Talent
TALENT INSIGHTS
London
TECH TALENT
188,000 technology professionals, with an average tenure of 1.6 years.
FASTEST HIRING JOBS
Contract: Software Engineer, Full Stack Engineer Perm: DevOps Engineer, Back End Developer
IN-DEMAND SKILLS
Business Analysis, Cloud Computing, Software Development, SQL, Finance
IN-DEMAND BENEFITS
Tech language and Framework, Culture Fit. Career Progression, Flex Time, Remote Working,
TOP TECH EMPLOYERS
Accenture, IBM, Thompson Reuters, Capgemini, Tata Consultancy
GENDER IDENTITY*
71% Male
29% Female
*The information in this site has been retrieved from sources with gender binary data. We acknowledge those who do not fit within this rigid framework and understand there are many more gender identities beyond the binary.
LIVING IN THE CITY
London
London is without a doubt one of the greatest cities in the world. Whatever you need, London will cater for. It's a city steeped in history brought to life by it's diverse, creative, ambitious residents.
On the flip side, some aspects of living in London are unavoidable. You'll pay a premium for everything from your morning coffee to rental accommodation. In fact, unless your salary is within the top 30% of earners you'll likely be flat-sharing or facing a long busy commute in and out of the city.
If you're working for one of the major financial businesses which make up a huge number of the tech roles in the city, you'll likely be based in and around Canary Wharf, for the remaining digital tech professionals working for creatives or startups you'll have the pick of tech clusters spread across the city.
All prices quoted are in local currency.
Average cost of a coffee
£4.20
Average commute
55 mins
Average cost of renting a 1 bed in the city
£2000/month
Average gym membership per month
£45
SALARY DATA
London
Permanent roles are annual salaries and contract rates are daily. All data is in local currency.
Yearning for big city life? Look for opportunities in London here
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