UK
Which investment banking technologists earn the most? Try project managers who know a thing or two about financial services, technical architects, business analysts who work on front-office derivatives systems, or developers with knowledge of third-party vendor products. See below for the full details, courtesy of banking IT recruiters the jm group.
Q2 2008 salaries for…
Project managers
Project development managers: Associate: – , Senior (VP) 85k
Programme managers: Associate 65k, Senior (VP) 85k
Project managers with financial product knowledge: Associate 70k, Senior (VP) 90k.
Architects
Technical architects: Associate 75k, Senior (VP) 95k
Data/information architects: Associate 65k, Senior (VP) 95k.
Business analysts
Front office business analysts (vanilla products): Associate 70k, Senior (VP) 80k
Front office business analysts (exotic derivatives): Associate 75k, Senior (VP) 90k
Back office business analysts (settlements and reconciliation): Associate 65k, Senior (VP) 80k
Business analysts (compliance/MiFID): Associate 65k, Senior (VP) 80k
Data analysts: Associate 55k, Senior (VP) 75k.
Developers (with financial product knowledge)
Java (core Java, J2EE): Associate 65k, Senior (VP) 80k
.NET/C#: Associate 55k, Senior (VP) 70k
C++ (Microsoft/Unix): Associate 65k, Senior (VP) 85k
HTML/JavaScript: Associate 45k, Senior (VP) –
Excel/Access VBA: Associate 55k, Senior (VP) 75k.
Databases (DBA/Dev)
Sybase DBA: Associate 60k, Senior (VP) 75k
Sybase developer: Associate 70k, Senior (VP) 75k
Oracle DBA: Associate 60k, Senior (VP) 75k
Oracle developer: Associate 65k, Senior (VP) 75k.
Systems administrators
SUN Solaris: Associate 55k, Senior (VP) 75k
HP-UX: Associate 50k, Senior (VP) 70k
NT: Associate 50k, Senior (VP) 70k.
Support
Applications support manager: Associate – , Senior (VP) 90k
Trade floor support: Associate 55k, Senior (VP) 65k
Windows server support: Associate 55k, Senior (VP) 65k
Desktop/market data support: Associate 50k, Senior (VP) -
Web systems engineer: Associate 55k, Senior (VP) 65k
Front office applications support: Associate 55k, Senior (VP) 65k
Back office applications support: Associate 50k, Senior (VP) 55k
Network support engineer: Associate 45k, Senior (VP) 60k.
Source: the jm group
so basically 99% of people in IT earn 60k-80k.
without bonus info these salary suverys are not very helpful.
In my long ibanking and now hedge fund experience, i know c# or java developers with 5yrs+ experience regularly command basic salaries of 90-100k plus a bonus of 40-50% …. and If you’re one of the best you double that – no problem.