Changes in salaries in the tech and engineering markets over the past 30 years

The evolution of salaries in tech and engineering has reflected the industry’s growth and the increasing demand for specialised talent. Let’s delve into these changes, focusing on the UK and South Wales, with some illustrative figures.

UK overview

In the UK, salaries in the tech sector have consistently risen over the past three decades. In the early 1990s, IT professionals, such as Software Developers, could expect to earn around £20,000 per year. Fast forward to the 2020s and this figure has grown significantly. For example, a mid-level software developer now often earns between £40,000 and £60,000 annually, with senior roles commanding salaries upwards of £80,000.

Similarly, in the engineering sector, starting salaries have increased substantially. In the early 2000s, a newly qualified Civil Engineer might have earned around £22,000. Today, entry-level positions can start at £30,000 to £35,000, with experienced professionals earning £50,000 to £70,000 or more, particularly in specialised fields, such as aerospace or renewable energy.

South Wales focus

South Wales has experienced similar trends, albeit with some regional variations. In the 1990s, the region’s salaries in tech and engineering were generally lower than the national average. However, the area’s focus on innovation and high-tech industries has led to significant improvements.

For instance, early career IT professionals in South Wales in the late 1990s may have earned around £18,000 annually. Today, entry-level salaries have risen to approximately £25,000 to £30,000, with experienced professionals earning between £40,000 and £50,000. In engineering, the growth is also evident; a Mechanical Engineer starting in the early 2000s might have earned around £20,000, while current figures show starting salaries closer to £28,000, with senior positions reaching £45,000 to £60,000.

At IntaPeople, we have observed these shifts closely and understand the nuances of regional salary expectations. We help businesses and professionals navigate these changes, ensuring that our clients are well informed and remain competitive in attracting top talent. As these industries continue to evolve, staying updated on salary trends remains crucial for success.