2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within...

14
2019 UK FinTech Leadership Salary Survey

Transcript of 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within...

Page 1: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

2019 UK FinTech LeadershipSalary Survey

Page 2: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

talentorder is an dedicated, emerging technology, recruitment consultancy, supplying permanent,

contract and outsourced recruitment solutions.

We provide leadership professionals internationally in all aspects of:

-C-Suite

-Technology

-Sales and Marketing

-Regulations

-Operations

-Consulting

What makes us different:

Reach – our ability to access talent and roles internationally

Relationships – our drive to establishing long-term partnerships with clients and candidates

Range of services – our range of clients, talent and services provided

talentorder

Page 3: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Our salary survey has been conducted since the start of talentorder in 2018.

We have accumulated, confidentially, the results from over 250 FinTech professionals operating in the UK.

Our survey covers management and leadership role types and not all job categories. We can direct you

to other sources for further job category salary information, such as ‘development’ and ‘accounting’.

We have also listened, through experience, to what clients and candidates have requested to be

included in a salary survey - simple, core package components, trends noticed and the low and high

salary bandings.

You will note that the bandings for some role types are very broad. This typically represents candidates on

a lower salary that work for seed funded FinTech businesses and much higher salaries for funded large

global, FinTech businesses.

UK FinTech Salary Survey Summary

Page 4: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

The FinTech job market has changed significantly, throughout the year of 2018, and we have seen a 110%

increase in the demand for regulatory roles available. These roles are often at a more senior level, within

the business, and with a larger remit than before (global).

Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range

reflects a real range of responsibility and leadership within the business.

Executives for many FinTech role positions at the early stage of growth, are on relatively low basic salaries

compared to other industries such as traditional Banking, but have much greater value benefits and

stock options are offered.

At the top end, with a global remit, professionals either report to the board directly, or are sitting on the

board. In which case they hold options within the business and excellent bonus opportunities exceed

100% of basic salary in some cases.

At the lower end of the salary scale, FinTech professionals are likely to work in sales, or

operational roles with a UK centric focus only.

Views

Page 5: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

The highest concentration of FinTech professionals are operating in London (over 70%).

Typically, they will focus only on a specific task, and further away from board level, sometimes removed

by 3-4 layers of management.

With FinTech professionals reaching a senior level, in a relatively short period of time for start-up and

growth businesses, we were interested in knowing that they where comfortable with looking at new

opportunities, every 12 months, to secure a fresh challenge.

We found that many had no issues with moving in short periods of time, as they feel this is

understandable, based on the risk, change and growth the FinTech market continues to go through.

What is next for the FinTech professional was also of interest to us, with most responders stating

that they would look for another role, typically outside, of their employer, but with a greater

remit. Relatively few respondents were looking for slow and structured career progression

within their current employment.

Views

Page 6: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Total Compensation Aside from basic salary there are other components that provide a complete rewards package.

Typical components:

-Shares

-Bonus (average level 25% of basic salary)

-25 days holiday entitlement (average)

-Private pension

-Healthcare

-Remote working

-Life insurance

-Free meals (typically breakfast)

The benefit of most desire, if looking to change roles, was “shares”.

Page 7: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Results - Executives

ROLE SALARY (low to high) RATE (Low to high)

CEOCOOCIOCROCFOLegal / General Counsel

£93,000 - £450,000£110,000 - £305,000£109,000 - £310,00 £102,000 - £324,000£94,000 - £350,000£90,000 - £310,000

£750 - £2100£650 - £1500£625 - £1250£650 - £2000£700 - £2000£700 - £1800

Page 8: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Results - Sales

ROLE SALARY (low to high) RATE (Low to high)

Sales Director Head of SalesSales ManagerSenior Sales Executive

£80,000 - £310,000£65,000 - £160,000£45,000 - £85,000£45,000 - £75,000

N/AN/AN/AN/A

Page 9: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Results - Marketing

ROLE SALARY (low to high) RATE (Low to high)

CMOMarketing DirectorHead of MarketingMarketing Manager

£105,000 - £280,000£100,000 - £165,000£75,000 - £105,000£45,000 - £85,000

£650 - £1350£550 - £850£400 - £550£300 - £450

Page 10: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Results – Technology

ROLE SALARY (low to high) RATE (Low to high)

CTOIT DirectorIT ManagerHead of Data ScienceCISO Information Security Manager

£95,000 - £355,000£75,000 - £240,000£58,000 - £125,000£70,000 - £240,000£105,000 - £250,000£65,000 - £90,000

£650 - £2000£450 - £1200£400 - £680£600 - £1000£850 - £2000£450 - £650

Page 11: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Results – Operations

ROLE SALARY (low to high) RATE (Low to high)

Operations DirectorCPOProduct ManagerHead of PeopleHR ManagerHead of Recruitment

£65,000 - £140,000£95,000 - £210,000£50,000 - £90,000£55,000 - £138,000£38,000 - £70,000£65,000 - £115,000

£400 - £700£650 - £1300£400 - £700£400 - £700£380 - £650£400 - £700

Page 12: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Results - Regulations

ROLE SALARY (low to high) RATE (Low to high)

Director/Head of RiskRisk ManagerCCOHead of compliance

£90,000 - £180,000£65,000 - £75,000£115,000 - £285,000£85,000 - £185,000

£500 - £850£400 - £550£600 - £1400£550 - £900

Page 13: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Results - Consulting

ROLE SALARY (low to high) RATE (Low to high)

PartnerAssociate PartnerDirectorSenior ManagerManagerSenior ConsultantConsultant

£125,000 - £550,000£115,000 - £215,000£105,000 - £195,000£75,000 - £155,000£55,000 - £84,000£38,000 - £57,000£24,000 - £39,000

£1500 - £2700£900 - £1500£700 - £1200£500 - £850£500 - £650£375 - £450£350 - £400

Page 14: 2019 UK FinTech Leadership Salary Survey · Salary levels for a professional operating within FinTech, range from £28,000 up to £450,000, but this range reflects a real range of

Thank You+(44) 0203 984 5680 27 Finsbury Circus, London, EC2M 7EE

[email protected] www.talentorder.com

Owen Jobling, CEO and Co-Founder at talentorder.

Owen is an award winning recruitment business owner.

Prior to talentorder, Owen has built UK, USA and UAE recruitment businesses through to

acquisition in cyber security, risk, compliance, resilience, technology and senior

appointments.