Eight of the world's ten highest-paying countries for information technology managers are in Western Europe, according to a new survey by Mercer Human Resource Consulting.
The survey found that Swiss managers are paid the most, followed by those in Germany and Denmark.
Covering over 5,300 companies worldwide, the average total pay for IT managers in Switzerland is £93,100 a year, including base pay and bonuses.
Managers in Germany earn £72,900 on average while those in Denmark can expect to receive £66,700.
Japan and Hong Kong are the only countries outside Western Europe that rank in the top ten for pay, where IT managers earn an average of £64,600 and £56,100 a year respectively.
IT managers in the UK and US rank 7th and 14th and earn £60,800 and £51,200 respectively.
The survey, which provides pay information for various IT roles in 36 countries globally, is used to help multinational organisations benchmark salaries and allocate global IT budgets.
Stephen Cahill, European partner at Mercer, said: " Experienced IT managers are highly sought-after in Europe and there is strong competition to attract and retain skilled employees.
"Multinational organisations rely heavily on their global IT operations, so they need to ensure their pay is competitive."
The survey found that, at the other extreme, IT managers in Vietnam, the Philippines and India receive the lowest pay, at £ 11,600, £11,900 and £15,200 a year respectively.