Here I delve into the salaries of Agritech professionals, including a comparison of salaries to others in similar industries. Please note that this is a very rudimentary comparison of average salaries compared to other sectors, as opposed to a detailed report when comparing specific role types (which could warrant many further blog posts!).
Introduction
There are many benefits to working in Agritech, including the opportunity to work on meaningful projects, the challenge of developing innovative solutions to complex problems, and the potential for impressive salaries. However, it is important to understand the salaries offered for Agritech professionals, as well as the factors that influence wages.
Salaries in Agritech
The average salary of an Agritech professional varies greatly depending on several factors, such as level of education, experience, location, and the specific job role. According to Glassdoor, the average base pay for Agritech professionals in the UK is £45,198 per year. This is slightly higher than the national average salary for all professions in the UK, which is £41,527, showing that Agritech positions are generally paid fairly well.
However, there is a wide range of salaries for Agritech professionals depending on the specific job role, and it’s perhaps more pertinent to compare them with similar sectors (i.e. the sectors against which AgTech is competing for talent), rather than the market average for the whole population.
Comparison to Other Industries
Similar industries could include information technology and engineering. According to Glassdoor, the average salary of an IT professional in the UK is £50,342, whereas the average salary of an engineering professional is £46,765. This shows that, while Agritech salaries are typically higher than the national average, they are slightly lower than those of other industries.
Conclusion
Are Agritech salaries competitive? Helpfully, the answer is yes and no…
Agritech salaries are generally competitive and higher than the national average, suggesting that, when looking at careers to embark upon, you could definitely do much worse. However, when compared to similar industries, such as IT and engineering, Agritech salaries tend to be slightly lower. Therefore, when it comes to attracting skilled professionals from other well-paid sectors, this is likely to be a challenging task for AgTech companies.
Whilst this post is about salary levels, it is worth noting at this point other appeals to working in AgTech… Agritech offers the opportunity to work on innovative projects, the chance to develop solutions to complex problems, and the potential to make a genuinely positive societal impact. Therefore, Agritech is an attractive choice for professionals looking for BOTH a fulfilling and financially secure career.
