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Fierce competition for young tech talent sees London graduate exodus

News: LinkedIn data reveals the international battle for tech talent.

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London is facing an exodus of young tech talent as a growing number of graduates are fleeing to other tech hubs around the world.

Coinciding with London Technology week, data released by LinkedIn has revealed that the capital is losing nearly a third of its brightest talent to other parts of the UK, European hubs like Berlin and Stockholm, as well as other international destinations like Asia and North America.

According to the data, there is an "an increasing international battle for tech talent" despite 71% of London’s technology students remaining in the city after graduating.

LinkedIn, which has recently been acquired by Microsoft in a transaction worth $26.2bn, revealed that software development tops the list for graduate jobs.

This is followed by tech jobs in industries like professional services, government, financial services and retail.

Despite Brexit fears affecting the country’s tech scene, LinkedIn says the findings come as the UK’s tech sector shows no sign of decline.

The professional social network’s data shows that the number of LinkedIn members in the UK who indicated that they worked in the software industry rose by almost 15% between March 2015 and March 2016, with product managers, programme and project managers, and consultants amongst the top five fastest-growing job functions.

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Data was collected from 3.5 million members living in the UK and who have logged into their profile for the previous 12 months.

Joshua Graff, UK Country Manager for LinkedIn, said: ”London’s tech graduates are some of the most sought after in the world, so it comes as no surprise that in an exciting, growing sector nearly a third are taking advantage of employment opportunities elsewhere.

"With the sector going from strength to strength, it is vital that London does all it can to hold onto these graduates, as they will play an important role in securing its continued growth in the future.”

LinkedIn has also released a list of the top 25 most attractive employers for Brits with the tech sector being represented by companies like Google, Amazon, Facebook, Virgin Media, PwC, EE and Deloitte.

 

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