Amazon has beaten tech rivals Google, Apple and Microsoft to be named best paying tech firm for junior employees in the UK.
An entry level position recruit at Amazon can expect to receive a £75,000 salary with a £15,000 bonus, according to a research from Emolument.com, a salary benchmarking site.
Apple junior employees typically get a salary of £72,000 with a potential £11,000 bonus on top. Google comes third offering young recruits a £59,000 monthly pay and a £14,000 bonus.
Alice Leguay, co-founder and chief operating officer at Emolument.com, said leading technology firms were already attracting potential employees with their playful offices and “glamorous brands”. But now they are also outpacing the financial industry in terms of junior pay.
“Working for a top investment bank no longer epitomises the graduate dream, especially since financial industry remuneration has taken a bashing in the last few years, in line with bankers' reputations,” Leguay said.
“Banks are trying to shake up their corporate cultures and offer more flexibility and work-life balance but cannot compete with technology giants making their staff feel they are making a social mark on their time,” she added.
Microsoft was the best paying employer for senior employees, with an average pay packet of £101,000. Apple and Google remain in second and third place, offering a total of £97,000 and £92,000, respectively.
Emolument.com analysed global salary data from nearly 650 entry level employees with none to three years working experience and more than 500 senior employees with 10 to 30 years of experience.
The study came a day after Amazon reported first quarter profits of $513 million.
This marked Amazon's fourth straight quarter of profits and was a significant improvement on the same quarter of the previous year, when Amazon reported a loss of $57 million.
These are the 10 highest paid tech firms for junior employees
1. Amazon
Pay: £75,000
Bonus: £15,000
Total: £90,000
2. Apple
Pay: £72,000
Bonus: £11,000
Total: £83,000
3. Google
Pay: £59,000
Bonus: £14,000
Total: £73,000
4.Cisco
Pay: £46,000
Bonus: £1,000
Total: £ 47,000
5.Microsoft
Pay: £ 40,000
Bonus: £ 6,000
Total: £46,000
6. Oracle
Pay : £46,000
Bonus: -
Total: £46,000
7. Telefonica
Pay: £31,000
Bonus: £3,000
Total: £34,000
8. Orange
Pay: £33,000
Bonus: -
Total: £33,000
9. SAP
Pay: £30,000
Bonus: £3,000
Total: £33,000
10. IBM
Pay: £33,000
Bonus: -
Total: £32,000
