Eight of the world’s 10 highest-paying countries for IT managers are in Western Europe, according to a new survey by Mercer Human Resource Consulting.
The survey found that Swiss managers are paid the most, followed by those in Germany and Denmark.
Covering about 5,300 companies worldwide, the study found that the average total pay for IT managers in Switzerland is £93,100 a year, including base pay and bonuses. IT managers in Germany earn £72,900 on average, while those in Denmark can expect to receive £66,700.
Japan and Hong Kong are the only countries outside Western Europe that rank in the top 10 for pay, where IT managers earn an average of £64,600 and £56,100 a year respectively.
IT managers in the UK and US are ranked in seventh and 14th place, earning £60,800 and £51,200 respectively.
Stephen Cahill, European partner at Mercer, said: “Experienced IT managers are highly sought after in Europe and there is strong competition to attract and retain skilled employees. Multinational organisations rely heavily on their global IT operations, so they need to ensure their pay is competitive.”
At the other end of the scale, IT managers in Vietnam, the Philippines and India were found to receive the lowest pay, at £11,600, £11,900 and £15,200 a year respectively.
Cahill added: “Although pay in Asia and Eastern Europe tends to be much lower, it would be difficult for companies to outsource the IT manager role to these regions. Instead, we may see a migration of IT skills from lower paying countries to places in Western Europe and North America.”