Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Careers

08:02 PM
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

8 Financial Services 2014 IT Salary Trends

Technology pros in banking and securities continue to see their salaries rise, but workers are looking for training, flexibility, and job security as well.
Previous
1 of 8
Next

As the economy continues to improve, so does the salary picture for the financial services industry. According to the according to the InformationWeek 2014 US IT Salary Survey: Banking and Securities, more than two-thirds of IT pros in banking and securities firms received a raise in the past year. While the pay hike is important, other benefits matter to this group as well. Overall, this year’s research indicates that a majority of IT staff and managers are satisfied with their compensation and all aspects of their employment relationship.

Survey respondents include 603 staff-level employees and 651 managers from a variety of banking and securities organizations. Participants are about equally split between larger and smaller firms, with 51% of respondents working for banking and securities organizations with fewer than 5,000 employees. A third of survey participants (33%) work for organizations with more than 20,000 employees.

2014 Banking & Securities Salary Trend
More than 70% of IT staff and managers in banking and securities firms received a raise in the past year. The median base salary for staff climbed 1.4%, to $98,000 from 2013, while the median base salary for managers has leveled off at $120,000 since last year. Total compensation -- including bonuses and other direct cash payments received during the previous 12 months -- rose for both groups, a 1.9% jump for staff, and a 2.6 percent rise for managers.
More than 70% of IT staff and managers in banking and securities firms received a raise in the past year. The median base salary for staff climbed 1.4%, to $98,000 from 2013, while the median base salary for managers has leveled off at $120,000 since last year. Total compensation -- including bonuses and other direct cash payments received during the previous 12 months -- rose for both groups, a 1.9% jump for staff, and a 2.6 percent rise for managers.

 

 

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio

Previous
1 of 8
Next
Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.