High-tech Sector - a Booming Enclave in Ailing 2014 Israeli Economy

Send in e-mailSend in e-mail
Send in e-mailSend in e-mail
Highly-skilled Israeli quality assurance employees earned more in 2014 than their U.S. counterparts, Glassdoor says. Credit: Ofer Vaknin

In an economic year marked by a draining war in Gaza and a loudly rising cost of living, Israel's high-tech sector proved an oasis, accounting for a third of the country's growth in 2014, Globes reported on Thursday.

For example, in November 2014 there were 20 percent more high-tech jobs available than a year before. By every economic measure – financing, stock exchange offerings, exits and demand for programmers – last year was one of soaring fortunes for the Startup Nation part of the nation.

And while Israeli economists, not to mention emigrants to Berlin, kept pointing out that Israelis were paying higher prices than most Westerners yet earning much less, wages in the local high-tech market stacked up very nicely on the global scale.

According to Glassdoor, a leading job-seekers' website, highly-skilled Israeli quality assurance employees earned more in 2014 than their U.S. counterparts, and only a little less than those in Britain. Israeli software developers out-earned those in Britain and Germany, while local mobile app developers made more money per capita their colleagues in any other country.

Compared to 2013, local high-tech salaries either stayed the same or went up slightly. Java software developers with up to two years experience saw no change in their monthly salaries of 15,000 shekels to 18,000 shekels (about $3,800 to $4,600), but for those with two to five years in the field, wages rose from 16,000-25,000 shekels to 17,000-25,000. Development managers for Android and iPhone devices found their salaries going up from 25,000-28,000 shekels in 2013 to 26,000-30,000 last year.

Click the alert icon to follow topics: