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Salary survey: Investment banking IT

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

COMMENTS

delta, Trading,  Sat 19 Jul 08

so basically 99% of people in IT earn £60k-£80k.

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jim, Asset Management,  Mon 21 Jul 08

without bonus info these salary suverys are not very helpful.

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CodingHero, Hedge Funds,  Wed 23 Jul 08

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.

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