Jobs in startups? Silicon Valley is probably your first thought. But the capital of UK is your best bet. It’s not the bustling city and lively pubs that draw in many small business owners–it’s the booming industry. In fact, it will soon become the hotspot for startups worldwide. Here’s why startups are headed to Old Smoke and why you should consider jobs in London startups:
#1 A Surging Startup Culture
London was a step behind the U.S. when it came to the startup boom, but startups in the city are now growing at an exceptional rate. Earlier this year, London startups hit a funding high of $682 million. At this rate, startups in the city are on pace to break $2 billion before the end of the year. While that’s still behind Silicon Valley’s whopping $6.93 billion, London’s startup market is growing, but Silicon Valley’s fell by over 25 percent between the second and third fiscal quarters of 2015.
#2 More Job Opportunities Than in Silicon Valley
While jobs in London startups may be booming, the startup scene is still new enough that competition for jobs isn’t steep. That means job hunting in London is actually a far lower risk than doing so in the startup industries in Silicon Valley. The greater number of opportunities also means a better work-life balance. The average worker at a Silicon Valley startup logs 10 hours per day, but those in London only work about eight hours each day, making for a much better balance.
#3 Higher Income
The startup boom in London has led to higher salaries. In Germany, they begin at €39,000, or what is close to £27,000, and those in Paris start even lower at €25,000, or about £17,500. On average, startup jobs in London pay £40,000 per year. Plus, in London, the cost of living is taken into consideration, meaning that while the city is ranked the 12th most expensive in Europe, the starting start up salary can help new employees make ends meet.
#4 London’s Bustling Events
When it comes to startup events, there’s really no competition; London takes the cake. The Facebook London Hackathon invites young startup workers to come, stay up all night, and create a product through engineering and brainstorming. London Launch48 is a weekend event that provides workspaces, startup tools, mentors and plenty of snacks to encourage a workshop environment for London startups.
Startups also come together on the last Friday of every month at MiniBar–a Meetup dedicated to tech startups and social networking. And why wait an entire year for the next event, when there’s the London’s Silicon Drinkabout? Here, startup employees mingle, network and swap tips every single Friday.
London offers a generous city-relevant salary, a surging market with plenty of room for newcomers, a long list of startup networking events and a better work-life balance. London is the dream city for startups.
Looking for jobs in London startups? New openings for marketing, sales or business development roles. Get recommended to high growth London startups like Uber, GoCardless or MarketInvoice. Join in 5 minutes! www.kandidate.com