Startup Life/Hiring & Workforce/Analysis/ Startup salary expectations dropping in London — apart from data scientist roles Since January, (almost all) startup job candidates have been lowering their salary expectations. By Cecile Bussy 6 November 2020 \Startup Life How to make meetings great again: Our readers' tips By Amy Lewin 7 April 2021 Startup Life/Hiring & Workforce/Analysis/ Startup salary expectations dropping in London — apart from data scientist roles Since January, (almost all) startup job candidates have been lowering their salary expectations. By Cecile Bussy 6 November 2020 Salary expectations have dropped for startup roles in London in almost all departments, apart from data science and business intelligence, according to data from job platform Kandidate. Kandidate chief executive Alex van Klaveren isn’t surprised by the data: “This year, many startups have made layoffs, staff have been furloughed and for some revenues are lower than expected.” But he thinks salary expectations will start increasing in spring next year as the UK starts to recover. Here’s what else you need to know about London’s startup job market in late 2020. 1) Data scientist salary expectations up 30% Salary expectations for startup candidates in data science and business intelligence soared by 30% between January to September 2020. For roles in operations, strategy, finance and HR, expectations dropped by 15%. Marketing, community and PR has been the most impacted department, with a 24% drop in salary expectations. 2) Experienced sales people get the most moolah The median salary for an experienced data scientist at a London startup is now £65k, but the top three highest paid roles are in sales, operations/strategy/finance and product. Someone working in sales with more than 10 years of experience expects a salary of £115k, including commission, according to Kandidate’s survey of 15,000+ startup professionals in London. 3) People in junior HR roles expect the smallest salaries Meanwhile, salary expectations for people with less than two years of experience are much lower. The current median salary expectations of junior professionals in London are between £25k and £38k. Sales folk take home the biggest salaries — although salary expectations have dropped 13% since January. Although candidates applying for jobs in the UK might be lowering their salary expectations, employees are still expecting a pay rise in the next 12 months, according to a CV Library survey conducted in August 2020. 4) Chief revenue officers take home the big bucks Unsurprisingly, the highest-paid executive roles expect big pay packets. Chief revenue officers (CROs) expect £100k, chief marketing officers (CMOs) £80k and chief operating officers (COOs) £75k. Chief product officers (CPOs) ask for £82.5k on average, while heads of talent expect £70k. 5) Startups love data and SEO whizzes To get a better understanding of how customers interact with their products/services, it’s common for startups to employ people in search engine optimisation (SEO) and SEM (search engine marketing) roles, and have teams focused on data. Here are the current median salary expectations for some of the most popular startup roles. Cecile Bussy is Sifted’s social media journalist. She tweets from @CecileBussy Want the best of Sifted in your inbox? Our newsletter brings you the latest, greatest stories on startup Europe. Sign up Terms of Use Related Articles A private chef for all! At-home dining platform Yhangry raises $1.5m By Kai Nicol-Schwarz Click here to read more So you’ve realised you have a diversity problem at your accelerator: here’s what you need to do By Ezra Konvitz and Daniella Loftus Click here to read more Online grocer Kolonial raises €223m from SoftBank and Prosus to take on Europe — and rebrands as Oda By Amy Lewin Click here to read more How to make meetings great again: Our readers’ tips By Amy Lewin Click here to read more Get the best of Sifted in your inbox By entering your email you agree to Sifted’s Terms of Use Sign up to \Future Proof Sifted’s weekly \Corporate Innovation roundup email By entering your email you agree to Sifted’s Terms of Use Most Read 1 \Deeptech Europe is making faster cars and better batteries than Tesla 2 Member \Fintech Meet Europe’s fintech soonicorns 3 \Consumer Online grocer Kolonial raises €223m from SoftBank and Prosus to take on Europe — and rebrands as Oda 4 \Deeptech How the no code movement is changing companies 5 Member \Corporate Innovation Exclusive: Barclays pulls plug on flagship payments app Pingit 2 Join the conversation Subscribe newest oldest most voted Notify of new follow-up comments new replies to my comments YanWhere do software engineering roles sit? I can’t seem them here. Yan*see
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