Finance sector leads pack on IT salaries

Financial services companies have overtaken telecoms and new media firms in
offering the highest salaries to IT professionals, according to research.

An IT director in the banking and finance industry can earn over £138,000,
compared to £128,625 in the telecoms and new media sectors.

The 2001 TMP Worldwide IT Salary Survey also shows that IT professionals in
Ireland and the Midlands are catching up on the salaries of staff in London, as
the war for talent continues. Web designers earn up to £47,000 a year in
London, but now make up to £45,000 in Ireland and £37,500 in the Midlands.

Steve Evans, UK head of IT recruitment at TMP Worldwide, said, "Employers
are beginning to realise that, wherever they are based, they have to offer
competitive remuneration packages to attract and retain the best staff."

The survey was based on from 300 consultants specialising in IT recruitment.

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