Birmingham named one of top global cities for start-ups
Birmingham has been named ahead of cities like Rome and Moscow as one of best places in the world in terms of quality of life for those employed in a start-up business.
The city is also the best in England after London for young professionals looking to start their careers.
Furnished apartment platform, Nestpick, has produced a ranking comparing 85 cities worldwide to discover which offer the best quality of life for those employed in a start-up.
With an interest in the relocation patterns of young professionals across the world, Nestpick examined the various cities using 13 factors synonymous with start-up professionals.
The factors can be broken down into five important criteria; the city’s start-up ecosystem, the salaries on offer in each location, social security & benefits offered by each city, cost of living and quality of life.
These criteria are further broken down into categories; for salaries, average salaries for entry level and experienced positions were taken into account for project management, techology, and marketing roles. Social Security & Benefits took in income tax, health care quality and vacation into account, whilst quality of life analysed gender equality and safety in each location. Finally, cost of living looked solely at the affordability of each city.
Taking all these into account, Singapore was calculated as the best place for those looking to work in start-ups. In Britain, Edinburgh was the best ranked (19th), while London was 43rd.
Birmingham came in 62nd with fierce rival Manchester, one place below.
There is no mention of Liverpool, Birmingham’s main UK rival for the right to stage the 2022 Commonwealth Games.
Birmingham’s ranking puts it ahead of cities such as Bangkok, Istanbul, Riga and Mexico City.
Ömer Kücükdere, managing director of Nestpick, said: “Certain cities may offer bigger paychecks, but after considering taxes and living expenses, the return may not be so high.
“Similarly, professionals should consider quality of life: will vacation days be adequate to visit home? Is healthcare as accessible as you would like it to be?
“We believe that time taken researching potential employers should not overshadow understanding the best cities in which to work. We hope that our study helps those looking to work in start-ups identify the cities which may best suit their needs.”