I'd be interested to hear about this as well. The £40k - £60k range is indeed what you can expect to get as an intermediate to senior software developer in London (add maybe another £10k to £20k in the financial industry at a push). Which I find ridiculously low given the cost of living in London. And you haven't got a hope of being able to buy any decent family home in London on this salary.
Contracting rates, at £400 - £600 / day are more in line with the living costs.
But it's quite sad to see that living and property costs in London have become so insane that even senior software developers either have to contract or end up earning just about enough to pay the rent but not much more.
On the other side, a good seed round for an early stage startup in London is £200k. Maybe £300k if you're the hottest startup in town and work incredibly hard on your round. You're not going to be able to pay your employees very much at all with so little funding.
To me, the numbers just don't add up. I don't see how London can build a sustainable startup community. Or even tech community to be honest.
Contracting rates, at £400 - £600 / day are more in line with the living costs.
But it's quite sad to see that living and property costs in London have become so insane that even senior software developers either have to contract or end up earning just about enough to pay the rent but not much more.
On the other side, a good seed round for an early stage startup in London is £200k. Maybe £300k if you're the hottest startup in town and work incredibly hard on your round. You're not going to be able to pay your employees very much at all with so little funding.
To me, the numbers just don't add up. I don't see how London can build a sustainable startup community. Or even tech community to be honest.