IT Salary Survey - Hudson UK · being a key theme for it management. We feel the start of 2011 will be ... firewall engineer 30,000 40,000 ... network/security engineer 35,000 45,000

2011salary guideit in financial markets

summary of 2010 and looking ahead to 2011

salary information infrastructure, support & development application development business analysis and project management commodites – london & the south

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2011salary guide

table of contents

IT BANKING & FINANCIAL | SALAry GuIde 2011 1

2011salary guide

last year as a whole was a welcome change

from 2008/2009. recruitment in technology

was targeted and aggressive from the very

beginning of the year, and the levels of hiring

and competition were unlike any seen for

over ten years. most of our clients understood

the “war for talent” was going to be tight and

so invested time and resources in securing

high calibre permanent staff in the first half

of 2010. in many areas headcount growth

was easier to secure and where projects

and budgets had been frozen or dramatically

reduced in the prior two years, these

restrictions had largely been lifted.

last year was a year of two halves regarding

permanent recruitment, as so much had

been completed in h1. budgets had largely

been expended which led to a slow down in

the initial months of the second half of the

year (earlier than the usual seasonal shifts in

recruitment activity), the knock-on effect of

this was a greater focus on hiring contractors.

in broad terms, the demand for strong

application development staff was typically

high, particularly within fX, equities

(including derivatives) and risk (significant in

counterparty exposure management). some

institutions hired heavily in development staff

to build greater cross asset class systems

and by the mid point of the year clients were

beginning to consider talented individuals from

outside of the industry.

to summarise, 2011 will be a promising

year for employees and employers alike, as

organisations continue to invest in new and

emerging technology, opportunities will be on

offer which will help attract talented people.

our recommendation to all clients is to run an

efficient recruitment process with all people

involved able to articulate the opportunities on

offer effectively. candidates who are actively

looking will be plentiful in the early stages of

the year, but with this will be an abundance of

options for them. organisations which impress

candidates in all areas of the interview process

stand the greatest chance of hiring the people

they want - this includes ensuring the basic

elements of the assessments are done well.

Paul Elworthy

managing director – london it

contact information:

t: +44 (0)20 7187 6037

e: [email protected]

summary of 2010 and looking ahead to 2011

Within infrastructure and support we saw

elevated levels of recruitment around cloud

computing and grid initiatives. outside of

this there was significant competition within

front office application support, dma and

professionals with core competencies around

minimising latency (outside of core decision-

making systems).

project work increased dramatically which

resulted in increased demand for business

analysts and project managers. the split

between permanent hires and contractors was

quite even.

retention of existing staff is vital as always,

and in 2010 we saw more pressure on salaries

and contractor rates with some institutions

showing significant increases in salaries for

existing populations and new hires. We expect

to see this lessen in 2011 with cost control

being a key theme for it management. We

feel the start of 2011 will be similar to 2010 –

aggressive hiring in the first six months of the

year. institutions will show a real commitment

to securing permanent staff early in the year to

avoid the issue of bonus buy-outs in the latter

months when individuals have accrued six

months or more of bonus. contractor numbers

rose significantly in 2009 and 2010 and some

populations are now an uncomfortable split

in favour of the contractor headcount. We

anticipate there being more determination

from senior management to achieve higher

permanent staff levels adding to demand for

talented employees.

salary information

2011salary guide


2011salary guide

infrastructurE, suPPort & dEvEloPmEnt (java, c++ or c# - not included)

junior intermediate senior

minimum maXimum minimum maXimum minimum maXimum

PErmanEnt £ PEr YEar

application packaging engineer 30,000 40,000 40,000 60,000 60,000 80,000

application support (back office) 30,000 40,000 40,000 60,000 60,000 80,000

application support (front/middle office) 35,000 45,000 45,000 65,000 65,000 90,000

application support (front office, incl. greeks, mointe carlo, black scholes etc.) 45,000 55,000 55,000 75,000 75,000 100,000

as400/rpg400 developer 35,000 45,000 45,000 60,000 60,000 80,000

bi developer 40,000 50,000 50,000 75,000 75,000 95,000

business analyst (it) 35,000 45,000 45,000 80,000 80,000 100,000

citrix administrator 30,000 35,000 35,000 55,000 55,000 80,000

citrix engineer 35,000 45,000 45,000 65,000 65,000 90,000

cognos developer (plus other industry – standard reporting tools) 35,000 45,000 45,000 75,000 75,000 100,000

cognos support (plus other industry – standard reporting tools) 30,000 40,000 40,000 65,000 65,000 80,000

database dba 35,000 45,000 45,000 70,000 70,000 95,000

database designer/modeller 35,000 45,000 45,000 75,000 75,000 100,000

database developer 35,000 45,000 45,000 75,000 75,000 100,000

datacentre analyst 25,000 35,000 35,000 60,000 60,000 80,000

datacentre manager 50,000 60,000 60,000 80,000 80,000 120,000

desktop support 25,000 35,000 35,000 60,000 60,000 75,000

etl developer 35,000 45,000 45,000 75,000 75,000 100,000

exchange/isv connectivity analyst 30,000 40,000 40,000 75,000 75,000 100,000

firewall engineer 30,000 40,000 40,000 70,000 70,000 90,000

4 IT BANKING & FINANCIAL | SALAry GuIde 2011

2011salary guide





information architect 45,000 55,000 55,000 80,000 80,000 110,000

it auditor 30,000 40,000 40,000 65,000 65,000 85,000

it author 30,000 40,000 40,000 60,000 60,000 75,000

it facilities manager 45,000 55,000 55,000 70,000 70,000 100,000

it shift operator (incl. shift allowance) 25,000 35,000 35,000 50,000 50,000 60,000

lotus notes/domino support analyst 30,000 40,000 40,000 65,000 65,000 85,000

mainframe developer (cobol) 30,000 40,000 40,000 65,000 65,000 85,000

market data support engineer 35,000 45,000 45,000 80,000 80,000 100,000

messaging administrator (sWift/Websphere etc.) 30,000 40,000 40,000 75,000 75,000 95,000

microsoft exchange/ocs administrator 30,000 40,000 40,000 75,000 75,000 95,000

network/security engineer 35,000 45,000 45,000 75,000 75,000 100,000

perl developer 30,000 40,000 40,000 75,000 75,000 95,000

powerbuilder/uniX/sybase/sQl developer 35,000 45,000 45,000 75,000 75,000 95,000

programme/global production manager (it) 70,000 80,000 80,000 85,000 85,000 120,000

project co-ordinator (it) 25,000 35,000 35,000 60,000 60,000 75,000

project manager (it) 45,000 55,000 55,000 75,000 75,000 110,000

sap specialist 35,000 45,000 45,000 75,000 75,000 110,000

security administrator 25,000 35,000 35,000 55,000 55,000 70,000

security analyst 30,000 40,000 40,000 60,000 60,000 80,000

security consultant 45,000 55,000 55,000 75,000 75,000 110,000


2011salary guide





service desk analyst 25,000 35,000 35,000 50,000 50,000 65,000

service management analyst (problem/incident/change etc.) 30,000 40,000 40,000 60,000 60,000 75,000

sharepoint developer 30,000 40,000 40,000 65,000 65,000 85,000

storage administrator 30,000 30,000 30,000 65,000 65,000 90,000

storage engineer 35,000 45,000 45,000 75,000 75,000 100,000

summit/fidessa/calypso/murex etc. developer 45,000 55,000 55,000 80,000 80,000 120,000

summit/fidessa/calypso/murex etc. support analyst 40,000 50,000 50,000 70,000 70,000 95,000

test analyst 25,000 35,000 35,000 80,000 80,000 100,000

uniX engineer 40,000 50,000 50,000 75,000 75,000 100,000

uniX/perl/sybase development support 35,000 45,000 45,000 75,000 75,000 100,000

uniX system administrator 35,000 45,000 45,000 65,000 65,000 90,000

voice engineer 30,000 40,000 40,000 65,000 65,000 90,000

Wintel administrator 30,000 40,000 40,000 65,000 65,000 90,000

Wintel engineer 35,000 45,000 45,000 75,000 75,000 100,000


2011salary guide

infrastructurE, suPPort & dEvEloPmEnt (java, c++ or c# – not included)



contract/intErim £ PEr daY

Application Packaging engineer 250 350 350 450 450 500

Application Support ( Back Office) 250 350 350 450 450 500

Application Support (Front/Middle Office) 300 400 400 450 450 600

Application Support (Front Office, incl. Greeks, Mointe Carlo, Black Scholes etc.) 350 450 450 500 500 750

AS400/rPG400 developer 250 350 350 400 400 500

BI developer 300 400 400 475 475 600

Business Analyst (IT) 300 450 450 550 550 700

Citrix Administrator 250 325 325 375 375 450

Citrix engineer 300 400 400 450 450 550

Cognos developer (plus other industry – standard reporting tools) 400 500 500 550 550 675

Cognos Support (plus other industry – standard reporting tools) 300 400 400 500 500 600

database dBA 350 425 425 475 475 600

database designer/Modeller 350 450 450 550 550 675

database developer 350 450 450 550 550 700

datacentre Analyst 250 350 350 400 400 450

datacentre Manager 450 550 550 650 650 800

desktop Support 200 300 300 400 400 450

eTL developer 350 450 450 550 550 650

exchange/ISV Connectivity Analyst 300 400 400 525 525 625

Firewall engineer 250 400 400 500 500 600


2011salary guide





Information Architect 450 500 500 700 700 850

IT Auditor 250 400 400 500 500 550

IT Author 250 300 300 400 450 550

IT Facilities Manager 350 400 400 500 500 600

IT Shift Operator (incl. shift allowance) 225 300 300 350 350 425

Lotus Notes/domino Support Analyst 250 350 350 425 425 500

Mainframe developer (Cobol) 300 350 350 450 450 500

Market data Support engineer 300 400 400 500 500 600

Messaging Administrator (SWIFT/Websphere etc.) 300 400 400 450 450 550

Microsoft exchange/OCS Administrator 300 400 400 450 450 550

Network/Security engineer 250 400 400 500 500 575

Perl developer 250 400 400 500 500 600

Powerbuilder/uNIX/Sybase/SQL developer 350 400 400 500 500 600

Programme/Global Production Manager (IT) 550 650 650 800 800 1,200

Project Co-ordinator (IT) 225 350 350 400 400 500

Project Manager (IT) 400 500 500 600 600 800

SAP Specialist 350 450 450 600 600 700

Security Administrator 225 300 300 350 350 400

Security Analyst 275 350 350 400 400 450

Security Consultant 400 500 500 600 600 700


2011salary guide





Service desk Analyst 175 225 225 275 275 325

Service Management Analyst (Problem/Incident/Change etc.) 275 325 325 400 400 450

SharePoint developer 300 375 375 425 425 500

Storage Administrator 300 400 400 450 450 550

Storage engineer 350 450 450 500 500 600

Summit/Fidessa/Calypso/Murex etc. developer 400 500 500 600 600 850

Summit/Fidessa/Calypso/Murex etc. Support Analyst 350 425 425 500 500 650

Test Analyst 250 400 400 550 550 650

uNIX engineer 400 450 450 500 500 600

uNIX/perl/Sybase development Support 350 400 400 500 500 600

uNIX System Administrator 350 400 400 450 450 550

Voice engineer 250 350 350 400 400 500

Wintel Administrator 300 400 400 450 450 550

Wintel engineer 375 425 425 500 500 600


2011salary guide

aPPlication dEvEloPmEntjunior intermediate senior



c# gui developer (back office) 30,000 40,000 40,000 60,000 60,000 70,000

c# gui developer (front office) 35,000 45,000 45,000 65,000 65,000 90,000

c# server developer (back office) 30,000 40,000 40,000 60,000 60,000 70,000

c# server developer (front office) 35,000 45,000 45,000 65,000 65,000 85,000

c# team lead/tech lead n/a n/a 65,000 75,000 75,000 90,000

c# technical architect 45,000 55,000 60,000 75,000 75,000 90,000

c++/unix developer (back office) 30,000 40,000 40,000 65,000 70,000 80,000

c++/unix developer (front office) 35,000 45,000 45,000 70,000 75,000 90,000

c++/Windows developer (back office) 30,000 40,000 40,000 65,000 70,000 80,000

c++/Windows developer (front office) 35,000 45,000 45,000 70,000 75,000 90,000

c++ team lead n/a n/a 65,000 75,000 75,000 95,000

flex/ria developer 35,000 45,000 45,000 65,000 65,000 90,000

front end swing java developer (back office) 30,000 40,000 40,000 65,000 65,000 90,000

front end swing java developer (front office) 35,000 45,000 45,000 65,000 65,000 90,000

j2ee developer (back office) 30,000 40,000 45,000 65,000 65,000 85,000

j2ee developer (front office) 35,000 45,000 45,000 65,000 65,000 85,000

Quant developer (c++/java/c#) 45,000 55,000 55,000 75,000 75,000 100,000

server side j2se developer (back office) 30,000 40,000 40,000 60,000 60,000 85,000

server side j2se developer (front office) 35,000 45,000 45,000 65,000 65,000 90,000

technical architect (java – back office) 45,000 55,000 65,000 80,000 80,000 100,000


2011salary guide




technical architect (java – front office) 50,000 60,000 60,000 80,000 75,000 100,000

technical lead (java – back office) n/a n/a 65,000 80,000 80,000 100,000

technical lead (java – front office) n/a n/a 65,000 80,000 80,000 100,000

vba/excel (front office) 35,000 45,000 45,000 70,000 75,000 90,000

visual basic developer 30,000 40,000 40,000 55,000 55,000 70,000

visual c++/mfc/com developer (back office) 30,000 40,000 40,000 65,000 70,000 80,000

visual c++/mfc/com developer (front office) 35,000 45,000 45,000 70,000 75,000 90,000

Web developer (html/javascript/css) 30,000 40,000 40,000 50,000 50,000 70,000

Wpf/silverlight developer (back office) 30,000 45,000 45,000 65,000 65,000 80,000

Wpf/silverlight developer (front office) 35,000 50,000 55,000 70,000 70,000 90,000


2011salary guide




c# gui developer (back office) 300 400 400 450 450 550

c# gui developer (front office) 350 450 450 550 550 650

c# server developer (back office) 300 400 400 450 450 550

c# server developer (front office) 350 450 450 550 550 650

c# team lead/tech lead n/a n/a 500 550 600 700

c# technical architect 400 450 500 550 550 700

c++/unix developer (back office) 350 400 400 500 500 550

c++/unix developer (front office) 400 450 500 550 550 650

c++/Windows developer (back office) 350 400 400 500 500 550

c++/Windows developer (front office) 400 450 500 550 550 650

c++ team lead n/a n/a 500 600 600 700

flex/ria developer 375 450 425 550 525 700

front end swing java developer (back office) 350 450 450 550 550 675

front end swing java developer (front office) 400 475 475 575 575 700

j2ee developer (back office) 350 450 450 550 550 650

j2ee developer (front office) 350 450 450 550 550 650

Quant developer (c++/java/c#) 400 450 500 600 650 700

server side j2se developer (back office) 350 450 475 550 550 625

server side j2se developer (front office) 375 450 450 550 550 650

technical architect (java - back office) 425 475 475 575 575 650


2011salary guide




technical architect (java – front office) 425 475 475 600 575 700

technical lead (java – back office) n/a n/a 500 600 575 650

technical lead (java – front office) n/a n/a 500 600 575 700

vba/excel (front office) 350 450 450 550 550 600

visual basic developer 300 400 400 450 450 500

visual c++/mfc/com developer (back office) 350 400 400 500 500 550

visual c++/mfc/com developer (front office) 400 450 500 550 550 650

Web developer (html/javascript/css) 300 375 375 425 425 500

Wpf/silverlight developer (back office) 350 400 400 500 550 600

Wpf/silverlight developer (front office) 400 450 450 550 550 650


2011salary guide

businEss analYsis and ProjEct managEmEntjunior intermediate senior



programme manager 95,000 105,000 110,000 120,000 120,000 140,000

pmo 30,000 45,000 45,000 65,000 70,000 90,000

business analyst fX 50,000 60,000 65,000 75,000 74,000 100,000

business analyst rates 50,000 65,000 75,000 80,000 85,000 105,000

ba market risk 60,000 65,000 65,000 75,000 75,000 100,000

ba credit risk 50,000 60,000 60,000 70,000 70,000 90,000

ba otc 50,000 60,000 60,000 70,000 70,000 90,000

ba finance it (pnl) 45,000 55,000 60,000 65,000 70,000 85,000

ba fixed income 55,000 70,000 75,000 85,000 95,000 110,000

test manager 50,000 65,000 65,000 80,000 90,000 100,000

pm fixed income 65,000 70,000 75,000 80,000 95,000 120,000


2011salary guide




pm fX 50,000 75,000 75,000 95,000 100,000 120,000

pm otc 50,000 60,000 60,000 70,000 70,000 110,000

pm market risk 50,000 65,000 65,000 75,000 75,000 120,000

pm credit risk 50,000 60,000 60,000 70,000 70,000 110,000

pm finance it 50,000 65,000 65,000 75,000 75,000 120,000

development manager 50,000 65,000 65,000 75,000 75,000 110,000

ba/test analyst n/a n/a n/a n/a n/a n/a

ba reference data 50,000 60,000 60,000 70,000 70,000 85,000

back office ba 50,000 60,000 60,000 70,000 70,000 85,000

back office pm 50,000 60,000 60,000 70,000 70,000 90,000


2011salary guide




programme manager 700 800 800 900 900 1,000

pmo 250 300 300 400 400 800

business analyst fX 400 450 450 500 500 750

business analyst rates 300 400 400 500 500 650

ba market risk 400 450 450 500 500 650

ba credit risk 400 450 450 500 500 600

ba otc 400 450 450 500 500 600

ba finance it (pnl) 400 450 450 500 500 650

ba fixed income 400 450 450 500 500 600

test manager 400 500 500 600 600 800

pm fixed income 500 600 600 700 700 800


2011salary guide




pm fX 600 700 700 800 800 900

pm otc n/a n/a n/a n/a n/a n/a

pm market risk 600 700 700 800 800 1,000

pm credit risk 600 700 700 750 750 850

pm finance it 600 700 n/a n/a 700 1,000

development manager n/a n/a n/a n/a n/a n/a

ba/test analyst 300 400 400 450 500 500

ba reference data 400 450 450 500 500 550

back office ba 400 450 450 500 500 550

back office pm 400 450 450 500 500 600


2011salary guide

commoditiEs – london & thE southjunior senior

minimum maXimum minimum maXimum


application suport 40,000 60,000 60,000 120,000

business analyst 80,000 90,000 90,000 115,000

c++/java/c# developer 55,000 80,000 80,000 110,000

functional architect 85,000 96,000 96,000 120,000

openlink business analyst n/a n/a n/a n/a

openlink developer n/a n/a n/a n/a

production support 40,000 60,000 60,000 120,000

programme manager 90,000 100,000 100,000 120,000

project manager 90,000 100,000 100,000 110,000

rad developer 50,000 60,000 n/a n/a

technical architect 85,000 96,000 96,000 120,000


2011salary guide

commoditiEs – london & thE southjunior senior

minimum maXimum minimum maXimum


application suport 450 550 550 650

business analyst 500 650 650 750

c++/java/c# developer 450 550 550 725

functional architect n/a n/a 850 1,200

openlink business analyst n/a n/a 700 900

openlink developer 550 900 900 1,200

production support 450 550 550 650

programme manager 585 650 650 800

project manager 550 650 650 750

rad developer 450 550 550 650

technical architect n/a n/a 850 1,200

CONTACT uS

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2011salary guide

Birmingham

victoria square house

victoria square

birmingham

b2 4aj

tel: +44 (0) 121 633 0010

fax: +44 (0) 121 633 0862

BriSTOL

Westpoint

78 Queens road

clifton

bristol

bs8 1Qu

tel: +44 (0) 117 333 0000

fax: +44 (0) 117 333 0001

duBLin

10 lower mount street

dublin 2

tel: +353 (0) 1676 5000

fax +353 (0) 1676 5111

edinBurgh

caledonian exchange

19a canning street

edinburgh

eh3 8eg

tel: +44 (0) 131 555 4321

fax: +44 (0) 131 555 4224

gLaSgOw

130 st vincent street

glasgow

g2 5hf

tel: +44 (0) 141 221 8182

fax: +44 (0) 141 248 6008

LeedS

1 city square

leeds

ls1 2es

tel: +44 (0) 113 366 3267

fax: +44 (0) 113 297 9547

LOndOn

chancery house

53-64 chancery lane

london

Wc2a 1Qs

tel: +44 (0) 20 7187 6000

fax: +44 (0) 20 7187 6001

mancheSTer

fifth floor

the chancery

58 spring gardens

manchester

m2 1eW

tel: +44 (0) 161 832 7728

fax: +44 (0) 161 839 1375

miLTOn keyneS

500 avebury boulevard

milton keynes

mk9 2be

tel: +44 (0) 1908 547 995

fax: +44 (0) 1908 547 987

reading

greyfriars gate

5 - 7 greyfriars road

reading

berkshire

rg1 1nu

tel: +44 (0) 118 939 1003

fax: +44 (0) 118 939 3331

aBerdeen

4-5 golden square

aberdeen

ab10 1rd

tel: +44 (0) 1224 620 262

fax: +44 (0) 1224 620 362

2011salary guide

Documents

IT Salary Survey - Hudson UK · being a key theme for it management. We feel the start of 2011 will be ... firewall engineer 30,000 40,000 ... network/security engineer 35,000 45,000