While the financial services sector is known to be one of the highest paying for salaries, the tech industry has successfully turned the tables in recent years.
According to a Business Insider report, the tech industry is saturated with super rich startups whose investors have valued the companies at over US$1 billion (S$1.4 billion). Moreover, angel investors cashing in on these start-ups, add firstly to the valuation of the company, and secondly, to the accreditation and credibility for the firm to attract more like-minded investors.
Business Insider has collated a list of US$20 billion start-ups that pay the highest salaries. Data is compiled from Glassdoor, while the companies' valuation is referenced from Crunchbase.
These are all median annual base salaries, excluding bonuses or other pay as reported by employees over the past two years.
Here is the full list from Business Insider:
1. Cloudera: US$142,240 (Valuation: US$4.1 billion)
The data management and analysis company was founded in 2008 and has around 900 employees worldwide.
2. Jawbone: US$130,000 (US$3.0 billion)
Jawbone is a developer of consumer technology and wearable devices. Some of their products include gadgets that track the wearer's sleep, eating, exercise patterns. It is based in San Francisco, America.
3. Medallia: US$121,920 (US$1.25 billion)
The company provides software and customer experience services to hospitality, retail, financial services, high-tech companies. It is headquartered in California and has offices internationally.
4. Pinterest: US$118,420 (US$11.2 billion)
A photo-sharing platform, with web and mobile application, where members engage in topics ranging from photography to DIY instructions.
5. Dropbox: US$116,840 (US$10.35 billion)
The company offers a cloud storage function that allows users to upload and share large documents. The company is based in San Francisco, America.
6. Airbnb: US$116,840 (US$25.5 billion)
This up and coming company is a website application that allows members to search for lodgings all over the world. The company has over 1,500,000 listings in 34,000 cities and 190 countries.
7. Kabam: US$116,840 (US$1.02 billion)
Founded in 2006, this company was responsible for developing multi-player social games such as Dragons of Atlantis: Heirs of the Dragon and Kingdoms of Camelot.
8. AppDynamics: US$114,218 (US$1.0 billion)
AppDynamics deals with the application performances of online businesses. The company diagnoses and helps manage application performance problems.
9. Credit Karma: US$111,760 (US$3.5 billion)
This company provides financial analysis with its credit scores, reports and financial tools. The US-based firm is available on both web and mobile applications.
10. Okta: US$110,000 (US$1.2 billion)
Okta is a security platform that connects consumers with businesses. They have worked with companies such as National Geographic, Groupon and MGM Resorts.