Despite a tendency towards offshoring and nearshoring ‘commodised’ IT functions, investment banks still have one thing going for them when it comes to employing technologists – they pay more than most other sectors.
What’s more, pay has been heading up over the past 12 months, with some of the more in-demand roles seeing 6-10% pay increases from 2013-14, according to recruiters. Following on from our analysis of the highest paying jobs globally for compliance and accounting, we’ve scoured the salary surveys of recruiters Robert Walters, Hudson and Robert Half to find some of the highest paying banking IT roles globally.
To anyone who follows the development of technology in banking, there are some obvious jobs in there. Big data and cloud computing now both feature among the highest paying jobs, along with knowledge of software relatively new to the banking sector, like Scala, and Agile methodologies, which have become the de facto project-development techniques for banks over the past few years.
These figures are salaries only, and we’ve excluded any senior management roles from the list, so there are no CTO/CIO positions, which can pay many hundreds of thousands of dollars, or programme management jobs. It’s also skewed more towards the London market, where there is more granular information available.