[Silhouette]

"Salary: Competitive" almost always means "15 to 40% undermarket", in my experience.

That sounds about right, though it could be even less if they're aiming at new graduates and can throw in some sort of impressive-looking benefits. An employee stock options scheme or contributory pension scheme often seems like a great addition to a new starter, because the naive candidate doesn't understand how much such things are really worth and how much of the package they'd probably get from other employers as well.