IT Salary Survey Guide Feb ’24
Updated with the latest sectors, roles, and salaries to reflect the most recent job market activities and salary market rates.
Latest Salary Survey February 2024 for IT & Data Jobs in Malta
Despite the global uncertainty and the slow growth in most European markets, the Maltese IT sector, particularly driven by the iGaming and financial industries, remains in a phase of vigorous expansion. Post-pandemic recovery has transitioned into strategic growth, with companies keen on augmenting their IT capabilities. There’s a sustained high demand for skilled professionals, especially in areas like software development, DevOps, data science, cybersecurity, and IT infrastructure management. This demand is fuelled by both established companies and emerging startups, creating a vibrant and diverse job market.
The trend towards remote work was significant in the previous years but accelerated by the pandemic, however, candidates and organisations alike prefer hybrid working models with the majority of the companies investing again in office spaces. Companies offering flexible working arrangements have an edge in attracting top global talent, thereby broadening the talent pool accessible to Maltese businesses. This shift has not only diversified the workforce but also heightened the competition among employers to secure skilled professionals.
Malta’s stable political environment, EU membership, and adoption of the Euro are significant factors contributing to its attractiveness as a tech hub. These aspects provide a sense of security and predictability for foreign investments and new business ventures, particularly in technology-driven sectors. This stability is a pivotal factor in Malta’s ability to draw in international companies and tech talent.
The Maltese government’s proactive support for innovation and entrepreneurship continues to be a key driver of the IT job market. Incentives such as grants, funding opportunities, and favourable tax conditions are strategically designed to attract and nurture startups, particularly in technology, fintech, and related sectors. This supportive ecosystem not only fuels the growth of startups but also generates diverse job opportunities within the IT domain.
The iGaming industry, a longstanding pillar of Malta’s economy, continues its upward trajectory, complemented by the burgeoning financial sector. This expansion is a substantial contributor to the increased demand for IT professionals. The sector’s growth has led to a variety of new IT roles, ranging from technical to strategic positions, thereby enriching the job market.
Despite the global economic uncertainties, Malta’s IT job market is characterised by its competitiveness and dynamism. Companies are in constant pursuit of not just technical expertise but also soft skills like adaptability, problem-solving, and effective communication. The evolving nature of IT roles, coupled with the rapid technological advancements, demands a workforce that is versatile and forward-thinking.
In summary, heading into 2024, Malta’s IT job market stands out for its strong demand for talent, driven by industry growth, flexible work trends, economic stability, supportive government policies, and a flourishing startup ecosystem. The market’s competitive nature and the diverse opportunities it presents make Malta an appealing destination for IT professionals globally. With a mix of established industries and innovative startups, the sector offers a dynamic and promising landscape for both job seekers and employers.
If you would like further insight on any aspect of our IT Salary Survey, then why not get in touch? Our consultants are on hand to help. Simply contact us at +356 2034 1510.
How do we get this information?
We compile this salary survey from 13,000 people working in IT, Data, and Business Change on the Maltese Islands. We also look at the salaries offered by 80 companies and government organisations across Malta.
We have 12 Specialist Recruitment Consultants based in Malta, who focus on recruiting in specific IT Markets in Malta. We also consider local information and statistics from the National Statistics Office Malta.