Salary survey: Investment banking IT
18 July 2008
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
UK








so basically 99% of people in IT earn £60k-£80k.
delta 19 Jul 2008
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