Recruitment data

Half of top salary increases are in fintech jobs

Nicola Anderson

Nicola Anderson: ‘working to meet the sector’s needs’ (pic: Terry Murden)

Almost half of the top 20 salary increases in Scotland for 2021 are related to jobs in the booming fintech sector, according to new research.

Recruitment firm Hays said rising demand meant nine of the roles were in financial technology and it has teamed up with FinTech Scotland, the cluster management organisation, to create a pipeline of tech talent.

The latest Hays Salary & Recruiting Trends Guide shows that nine of the top 20 salary increases in Scotland for 2021 are related to the fintech sector.

To address the demand for niche talent in fintech, Hays Technology will support the Scottish fintech cluster in recruiting for skills in fields such as cyber security, mobile banking, cloud applications, AI and blockchain solutions.

Justin Black, director of Hays Technology in Scotland, said: “Clearly, the high demand for tech roles that we’ve seen in recent years continues and salaries are increasingly rising as a result.

“This is great news for Scotland which is the largest fintech hub after London. But we need to make sure that the talent pipeline is sufficiently healthy to fulfil the demand going forward.

“Through our recruitment knowledge, best practice and global network, we’ll be able to inform FinTech Scotland’s strategy, ensuring that the demand for fintech skills is met, and maintained, with a healthy talent stream.” 

Nicola Anderson, chief executive of FinTech Scotland, said: “Since we launched FinTech Scotland in 2018, we’ve been working closely with Skills Development Scotland, Scottish universities, businesses and government agencies to ensure that skills providers are meeting the needs of tomorrow’s financial community.

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