Six of the world's 10 highest-paying countries for IT managers are in Western Europe, according to a survey by Mercer. Switzerland pays the highest salaries, followed by Denmark, Belgium and the UK . The US and Canada are ranked sixth and eighth respectively.
Mercer's 2007 IT Pay around the World survey compared the total annual cash compensation and total remuneration information for IT staff in 6,545 companies in 35 countries. Multinational companies use the survey to benchmark salaries, bonuses, and other forms of pay, and to allocate global IT budgets.
Based on gross annual total cash, IT staff at all levels are paid the most in Switzerland, where the IT manager role pays an average of £74,150 a year. The same job level in Denmark pays £64,750, and Belgium pays an average of £63,760. The UK and Ireland are ranked fourth and fifth in the global IT salary league, paying IT managers an average of £62,180 and £56,950, respectively.
In the US, IT managers earn an average of £56,550 a year. In Canada the average is £49,370.
The survey found that IT managers in Vietnam (£8,140), Bulgaria (£11,700 ) and the Philippines (£11,720) receive the lowest pay. Indian IT managers were fourth from bottom, earning an average of £13,150.
David Van De Voort, IT workforce specialist at Mercer, said, "The impact of outsourcing and offshoring on IT roles in North America and Western Europe helps explain the pattern of global pay. Lower-level roles are being moved to regions where talent is cheaper the jobs that remain in Western Europe and the US may be fewer in number but are more demanding and complex roles like vendor relationship manager, internal consultant and IT business partner."