Hello,
London is a world class metropolitan city and so is the cost of livi.
But then why don't MAANG or other big techs pay as high for software managers and other leadership roles as they do in the USA, particularly California, Washington, New York. In fact for the same role, $ salaries are at least 3X higher to their counterparts roles here in London.
Definitely, London isn't 3X cheaper them.
Is it that companies don't want that high here or there isn't enough competition or something else?

like
Posting as :
works at
You are currently posting as works at

I’d like to understand this myself. It’s just bizarre.

It’s the labor market…the going rate for these kinds of skilled jobs/white collar roles in Europe, the UK included, is lower than in the US, even with a higher CoL like London. Some of it is due to healthcare costs (the $200k US salary would also have to cover $10k in insurance premiums and up to $6k in out of pocket costs, and multiply that for family members if they’re the breadwinner) but not all. It’s just a lot easier to find a high salary in the US.

Healthcare is free in the UK, whereas a doctors appointment there could cost 100$ minimum. Cost of living (groceries, fuel, rent, bills etc) is relatively cheaper in the UK, emphasis on the word relatively! Rent for a basic 1 bed in a decent area in NYC could cost anywhere between $3k-9k per month, whereas in a posh area in London rent for a 1 bed would be maximum £2k, and if you want full on luxury then £3k per month. I’m not saying London is cheap, but relative to New York and LA, it most definitely is.
A grocery shop for basics here would cost you £20, whereas in most parts of the US, it’s easily 50-60$ for the same basic staples. You can have a very comfortable life here on an £80k salary for a family of 3, maybe 4, but in most parts in the states, that’s a stretch.

None of the above justify why the salaries are lower for UK folk doing the exact same jobs as US counterparts, but I don’t fret too much because what I’m earning is affording me a really comfortable lifestyle, holidays and savings despite US counterparts earning double. Besides, what good is all that extra money when you get just 15 days annual leave? I’ll keep my 32 days allowance and enjoy them!

Related Posts

Has anyone ever negotiated/been offered a signing bonus and/or relocation bonus with the Big 4?

like
like

Hey guys, how much will be the salary range for a Environmental Engineer with less than 5 years experience.

like

Hey Guys,

What are the What are the benefits offered by
Maersk GSC Pune ?
What should be the expected salary for JL4 ?

like

Anyone have a salary range for Head of Business Affairs in NY?

Hi, I need a referral for an internship
in Financial Advisory Team
Valuation, M&A, FDD, or Financial
Consulting - at
Big 4 in Germany,
can anyone help me?
I did my bachelor's degree at the
University of Mannheim.
I would appreciate any kind of
support and advice.
I'm not above reaching out to alumni
directly via Linkedln, but l'd prefer to
bug as few as possible. So if you
want to help, guide, or mentor,
please pm me.
PwC Deloitte KPMG EY

like

Guys I am getting 18lpa+2 Jb ....but I am thinking of taking fidelity offer for 23.5 and grade 5.

I am choosing fidelity because IBM is having bond of 2 yrs for 2 lakh joining bonus...and hike is very less in IBM.

Do you think I am choosing right,can anyone tell if IBM is better than fidelity and why?

likesmart

What are good exit opportunities that exist for someone who has worked 1 yr as an analyst at a boutique firm?

like

My wife getting an offer of senior associate in DXC Bangalore having an 4.7yrs experience in similar field, it’s for Compass US gaap accounting, what should be expected CTC she should ask ?

like

Hey guys! I joined my current organisation as a fresher with 19k PM, it’s been 3 years with 2 promotions I am now a business analyst (1 year) earning 35k P.M. I feel I am underpaid, please tell me what is the right pay for my exp and designation.

like

What is average Hike % in Nielsen? and in which Quarter they will be rolling it out?

like

Hi Sharks.

I am working in Devops role with 6.9 yoe.

Holding below offer.. Please suggest which company is best for devops role by considering all the factors.. Learning.. Career growth.. Technology.. Wlb... Job Security..

Standard chartered : 24 Fixed 2.5 variable pay
Cgi : 26 fixed.
Fractal : 25.5 fixed 2.5 committed pay + 1 lak joining bonus
Bosch : asked 28 still not released the offer

Thanks in advance.!!!

like

Hey, I have around 4.5 yoe, curr CTC 14.2 LPA fixed, I got an offer from Optum Labs @ Grade 27, What would be ideal salary for my exp level and grade*. Location : BLR

like

What is current salary band in various product based semiconductor companies?

Hi guys
My current ctc is 11.7 fixed. Having 4+ experience. What is the maximum CTC i can ask for. Please help

like

Hi need a referral at Bank of America for data engineer profile

What are people getting with their bonuses?? I’m not talking about saving... I mean any big ticket items or big bets in the markets? Let’s hear it!

like

Setting up ConEdison for first time. How much should I expect to pay in monthly utilities for a studio (heat, gas, water incl)?

like

Here is my idea for a startup! I collect all the data from career transitions and use Data Analytics to predict the most likely career transitions. I could start with consulting. What do you guys think about this? I would be able to predict based on your firm(mbb, big4), your experience, which role you are likely to move (Faang pm, strategy manager, move to mbb). I have all the data to do this, but wanted your thoughts. Would the output of this be relevant to you?

like

Can someone recommend who I should contact to for a position at Johannes Leonardo?Thanks!

like

More Posts

Opening at KPMG GLOBAL
For .NET/Azure profile at Bangalore location, please DM

like

How do I leave audit? At times I feel trapped thinking to myself there is no way life is suppose to be like this. How do you find the right opportunity? Everyone says network. But, how do I network? Do I just reach out to my peers asking if they’re hiring? I would love some stories on how others ended up leaving and used their network to find a job they enjoyed doing.

like

Opening for CIEC for senior data engineer.

Post Photo

Hi,

I am currently working in capgemini as a Associate Consultant with 5 years of experience.I am looking for a job change.If there is any vacany in Accenture, HCL or any other company kindly let me know.

like

Hello everyone. I am new here and looking for a job in Digital Marketing in companies like EY, Cvent, GroupM or Deloitte. I have 7+ years of experience in the same field. Your help means the world to me!! Looking forward to constructive conversation.

like

Adderall withdrawal ain't no joke

Post Photo
funnylike

Hello,

Anyone from Nokia? i have a job opening ID and it would be great if somebody could refer me.

Please reply so that i can dm you the details. @Nokia

like

I recently joined Accenture(lvl 12). I am 2 months in a support project now. How do I get good and get my work noticed?

like

Couples without kids, how do you justify buying a house and paying school taxes? Almost all of the good residential areas are with a high school tax. Just curious if childless couples can ever buy and live in nice areas or rent forever

likehelpful

How long does UBS take to send offer letter after the candidate accepts the salary breakup ?

like

Could anyone please suggest what are some good product based companies that hire for oracle applications/ ERP roles? Any suggestions would be really helpful.

like

Any deloitters that joined the firm in September '15? What's ur utilization for year end review ? Mine is way under 90%. Curious about others.

I saw that Orrick had an Attorney's of Color retreat in New York. Does anyone work there who can speak on how it was? If not, is there a retreat/coalition/group for Attorney's of Color at your firm?

like

Being from Minnesota, I think it's so funny when people act as if we are some far-left State just because we hadn't voted Republican in a presidential election since Nixon. Never mind that many of our elections are close or that we have elected Republican Senators and governors.

I have voted for both the GOP and the DFL, and I feel like they are both far more normal than their national counterparts

like

Wow, Dems win the senate and are within striking distance of winning the house. Trump really is toxic.

likeupliftingfunny

What's the difference between SaT and Consulting?
What exactly is the difference in their work?

I feel like I've been living under a rock for ~5 yrs. I was happy and blowing off money with the thinking that I'll start saving once I start earning more.

Just realised that could've started early. I'm in mid 20s and thinking about investment. Tried watching YouTube videos. But I have pretty basic questions :
1. Where do I even start?
2. What %age of income should I invest?

I hope I'm not late.

like

Can any one tell me, how to invest in quant mutual fund through it's website?

like

Additional Posts in UK Bowl

Currently on £55k at Capgemini Engineering. To catch up with the cost of living increases and lifestyle creep I need to be at £65k as soon as possible.

What type of roles should I be looking and applying for?

like

Does anyone know what the starting salaries are for a consultant vs senior consultant at Deloitte and how quickly you can progress between the two grades?

like

Looking for organisation design/ transformation societies/ clubs in London!

like

When will the PwC salary revision be announced.PwC

like

Anyone from LEK here. Keen to lnow about the org practice

like

Partner interview next week at PwC UK. Any tips please ! Thank you in advance xx PwC

like

Any 🐠 from EY London? I'm planning to apply for UKI assurance based in London as Senior associate, just wanna wrap my head around the culture, work environment etc

For those who have applied for an ILR-
I’m changing jobs, new company sponsors my work. visa, 2ish years to go for an ILR.

What documents should I request from my old employer before leaving? Are there any documents needed from my employer for ILR application?

like

Looking for community oriented/group activities for after work in London. Any suggestions?

like

Hey all, is anyone willing to refer for roles in Capgemini/Bain/McKinsey/BCG? I am happy to share my CV, and would appreciate any constructive feedback. Thank you!

like

Has anyone exited from Management Consulting in KPMG to Microsoft Consulting services? Keen to hear of opinions primarily around quality of work, WLB, Pay, bonus and work culture. Any opinion/ view is greatly appreciated.

like

I have junior DA role interview with Nielsen. Any key things I should know about the company or prepare to discuss that could impress interviewer?

like

Regarding Deloitte - does anyone know the salary band for Manager role in Technology Hardening and a Senior Manager in Technology Risk Management? A rough idea please?

like

I'm a foreign national with a UK work visa, normally working in London. If I end up working from home outside the UK for 80-100% of the tax year does my UK tax rate change?

like

Are there UK firms hiring right now or more likely to give tier 2 visas? I'm a US citizen w/ 4 years experience at Deloitte, UK uni & hoping to stay (exempt from res labor market test)

Does anyone know if Deloitte uk and KPMG uk pay for ILR and Uk settlement? I want to consider this in making my decision while accepting the offer.

like

Hey 👋 is it advisable to invest in real estate / buying my first home with all the looming uncertainty with brexit ?

Deloitte 🐠 - How do your ranks work in Advsiory? I’ve heard Associate (grad) > Consultant > Sn. Consultant > Manager > Sn. Manager ...then I don’t have a clue. Can someone please help me out? Thanks!

like

I have been offered a job at KPMG within cyber security in the uk. Originally it was a 25% hike offer. Now I have received a 8% hike at Deloitte as part of the current performance cycle along with a 5k bonus (great incentives every year) The only thing is KPMG is offering this in a @kpmg regional location where I’m based plus the disadvantage is I need to pay 2500£ for my dependent visa costs which I can save if I continued with Deloitte. Seen Lot of negative comments about KPMG. Any thoughts ?

like

Can employees from BCG UK confirm if one can work from outside the UK for a short period due to personal reasons? Please advise. Thanks in advance. #BostonConsultingGroup

likeuplifting

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal