Salary guide · London

Software Engineer Salary in London

Quick answer

Software engineer salaries in London typically run from around £40,000 for juniors to £120,000+ for senior and staff engineers, with big-tech total compensation (base plus equity) reaching well beyond that. London pays a premium over the rest of the UK, reflecting cost of living and the concentration of tech and fintech employers.

Overview

London is the UK's highest-paying tech market, home to big-tech offices, major fintechs and a deep scale-up scene. Base salaries sit above national averages, and equity-heavy packages at top employers push total compensation considerably higher.

Software Engineer salary bands

LevelTypical rangeNotes
Junior / Graduate£38,000 – £55,000Higher at big tech and leading fintechs.
Mid-level£60,000 – £90,000Strong demand across fintech and product companies.
Senior£90,000 – £130,000Plus significant equity at big tech.
Staff / Principal£130,000 – £180,000+Total compensation including equity and bonus.

Figures are indicative market ranges for guidance, not guarantees. Actual pay varies by employer, location and individual circumstances.

What drives pay

Seniority and scopeBig tech vs fintech vs scale-upEquity and bonus weightingIn-demand specialismsCost-of-living premium

How to negotiate

  • Benchmark against London-specific data, not national averages.
  • Weigh equity carefully — value and liquidity vary hugely.
  • Leverage competing offers in a candidate-short market.
  • Negotiate sign-on and equity, not just base.

Frequently asked questions

How much do software engineers earn in London?

London software engineers typically earn from around £38,000 (junior) to £130,000+ (senior/staff base), with big-tech total compensation reaching well beyond that with equity.

Is the London salary premium worth the cost of living?

It depends — London bases are higher, but so are housing and living costs. Compare net pay and total compensation, including equity, against regional or remote roles.

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