Introduction:
Welcome to the JM Index, a quarterly snapshot of salaries within the Investment Banking sector. The figures quoted are base salaries and do not include bonuses and benefits. In order to avoid generic bracketing we have taken the mid-range of salaries of candidates that we have qualified over the last 3 months and rounded to the nearest increment of £5,000. There will be variables with specific roles and certain clients may place different emphasis on certain skills. Bandings may also vary, but the levels are designed to give an indication of seniority and experience. When no figures were available, or the level within a category was not relevant we have indicated it as “not applicable” (n/a). We hope that you find it useful and we have added some brief observations below the table.
JM Index: Investment Banking IT Salary Benchmark |
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Q1 2008 |
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Project/Development Managers |
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Associate |
Senior (VP) |
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Development Manager |
n/a |
£85,000 |
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Programme Manager |
£65,000 |
£85,000 |
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PMO Manager |
£55,000 |
£75,000 |
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Project Manager with financial product knowledge |
£70,000 |
£90,000 |
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Infrastructure Project Manager |
£65,000 |
£80,000 |
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Project Administrator/Co-ordinator |
£45,000 |
N/a |
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Architects |
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Associate |
Senior (VP) |
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Technical/Applications Architect |
£75,000 |
£95,000 |
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Data or Information Architect |
£65,000 |
£85,000 |
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Middleware/Integration EAI Architect |
£60,000 |
£70,000 |
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Business Analysts |
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Associate |
Senior (VP) |
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Front Office - Vanilla products |
£70,000 |
£85,000 |
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Front Office - Exotic Derivatives |
£75,000 |
£95,000 |
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Back Office - Settlements/Reconciliation |
£70,000 |
£85,000 |
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Compliance - MiFID |
£65,000 |
£80,000 |
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Data Analyst |
£55,000 |
£75,000 |
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Development (with financial product knowledge) |
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Associate |
Senior (VP) |
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Java (core java, J2EE) |
£70,000 |
£90,000 |
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.NET/C# |
£60,000 |
£80,000 |
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C++ (Microsoft/Unix) |
£65,000 |
£85,000 |
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HTML/JavaScript |
£45,000 |
N/a |
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Excel/Access VBA |
£65,000 |
£90,000 |
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3rd Party Applications (Murex, Fidessa, SUMMIT) |
£75,000 |
£90,000 |
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Databases (DBA/Dev) |
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Associate |
Senior (VP) |
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Sybase DBA |
£60,000 |
£80,000 |
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Sybase developer |
£70,000 |
£80,000 |
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Oracle DBA |
£60,000 |
£75,000 |
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Oracle developer |
£65,000 |
£75,000 |
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Systems Administrators |
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Associate |
Senior (VP) |
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SUN Solaris |
£55,000 |
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