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INTERNATIONALINTERNATIONAL
Salary Survey 	
2016
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Introduction
Competition amongst businesses for top talent makes it critical to ensure both recruitment and retention
strategies are fit for purpose.
2016 will see hiring and remuneration trends continue on balance compared to the previous 24 months with
both micro and macro-economic uncertainty presenting interesting challenges for many employers.
The mid-term outlook suggests pay scales and retention methods will be critical to retaining and attracting
talent into any business. The changing demographic of candidate needs will have to be addressed with
employers putting increased thought leadership into forward thinking development cycles to ensure attraction
models are relevant to a changing generation of employees and advances in technology. Candidate movement
will still remain robust though it is clear from our findings companies acknowledge that career development is
as valuable as pay.
Over the last two years we have seen more conservative increases in pay and we anticipate this will continue
throughout 2016 with employers encouraged to provide opportunities of personal growth and improvement.
This will be particularly evident in fast growing technology streams where candidates will be enticed to
develop skills throughout as well as impacting needs. Tailored reward packages including clear career paths,
development cycles and flexible working are key to talent attraction and successfully attracting the talent of
today and tomorrow.
Very clearly remuneration is critical to all and with industries in the middle of technological innovation and
globalization of the way your staff are rewarded will make or break business growth strategy.
This is why iKas international are more committed to providing a more meaningful candidate and client
experience than ever before.
We sincerely hope you find the information within valuable and informative. We are absolutely committed to
developing talent identification and driving true valued partnerships.
Oliver Coughlan
Chief Executive Officer
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About iKas International
We are a market leading Financial Services recruitment consultancy.
Our consistent and reputable performance since inception has seen the business grow into a global partner
operating out of London, Hong Kong, Singapore, Sydney and New York.
We strive to live and breathe our values of Passion, Integrity, Excellence, Innovation and Collaboration.
Our ambitious future plans, our people, our approach and the results we produce set us apart from competition,
and creates the ideal environment for hard-working, motivated and career driven individuals.
Talent Identification
With an excellent track record of successful delivery - our company, and more importantly our consultants, are
some of the most experienced and well recognised in the industry.
Valuing Partnerships
Our partnership approach ensures that we understand our clients’ and candidates’ needs. Through a deeper
understanding of all our customers we are able to deliver a more rewarding candidate and client experience.
Innovative Solutions
We partner with our clients to deliver a diverse workforce and create service led, long term recruitment
strategies. We have experienced phenomenal growth supporting a wealth of Financial Services clients,
including; Investment Banks; Asset Managers; Hedge Funds; Consultancies; Software Houses; Retail Banks;
Insurers
Most recent awards include:
International Fast Track 250. Sunday Times. Winners 2014 & 2015
Best Technology Recruiter of the Year, Recruitment International Asia. Winners 2014, 2015
The IT & Technology Recruitment Company of the Year, Recruitment International Singapore. Winner 2015
Shortlisted - The Growth Company of the Year, Recruitment International Singapore. 2015
S O F T W A R E
D E V E L O P M E N T
PROJECT /
PROGRAMME MANAGEMENT /
FUNCTIONAL MANAGEMENT
INFR ASTRUCTURE
AND SUPP ORT
IT BUSINESS ANALYSIS
/ T E S T I N G / Q A
AWARDS 2014
WINNERBest Technology Recruiter
of the year 2015
iKas International
RECRUITMENT
INTERNATIONAL
AWARDS 2015
WINNERBest Technology Recruiter
of the year 2015
iKas International
RECRUITMENT
INTERNATIONAL
AWARDS 2015
WINNERBest Technology Recruiter
of the year 2015
iKas International
RECRUITMENT
INTERNATIONAL
AWARDS 2015
WINNERThe IT & Technology Recruitment
Company of the year 2015
iKas International
RECRUITMENT
INTERNATIONAL
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Contract
•	 Day rates have remained consistent over the last 2 years – 46% of respondents earning £500-£650 per
day and 23% in the £650-£800 per day category
•	 Most popular job functions in the contracting market remain within Software Development and Business
Analysis
•	 Appetite for contractors remain highest within Investment Banking versus other Financial Services clients
who continue to look to permanent hires
•	 77% of contract jobs are now outside the Front Office. Risk and Regulation projects now lead the way with
33% of respondents working in these business areas
•	 Confidence in contract extensions is high – 80% of respondents are expecting a renewal
•	 However 60% expect NO change in their rate at renewal – this despite 86% suggesting rate was the most
important factor influencing them - suggesting a move is on the horizon
•	 Client satisfaction is high – 46% of contractors would highly recommend their current client and only 8%
felt negatively about their current client
•	 Contract VS Perm – 75% of respondents did not deem development important to them. Career contracting
is still clearly on the agenda
77%
of contract jobs are
now outside the
Front Office
60%
expect NO change in
their rate at renewal
46%
of contractors would
highly recommend
their current client
86%
considered rate as the
key influencing factor
with a new role
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Permanent
•	 Over half of respondents did not receive a salary increase in 2015.
•	 Of those that did receive a salary increase nearly half received less than 5% with just 1% receiving
over 20%
•	 Over half of people received a bonus between 0-10% with 1% receiving a bonus in excess of 50%
•	 The most important consideration when deciding on a new role is salary with 86% of people stating this as
a key motivator, followed by 64% stating career development a key driver
•	 When asked how likely permanent employees would be to recommend their current employer 43%
responded very positively, however 16% were at the other end of the spectrum
•	 Front Office technologists accounted for nearly a third of responses with nearly 20% focussed on Risk /
Compliance / Regulatory business lines
Just
64%
stated career
developmentimportant
inanewrole
1%
of respondents had
a salary increase
of over 20%
Only
43%of respondents would
recommend their
current employers
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General Market Overview
2015 and Q1 2016 have been somewhat shrouded in uncertainty as global markets have
experienced some rises, but mostly falls. Members of Investment Banking leadership have
made attention-drawing comments on compensation and while the technology functions
have lower expectations than in the past, they continue to provide a higher level of pay
than in other sectors.
Regulatory initiatives continue to be heavily resourced (particularly within the contracting
market) as well as the Front Office which supports the hiring trends over the last twelve
months. While most organisations are rationalising their technology estate, which is driving
a considerable amount of hiring, others have identified key areas of investment for business
growth which is creating greater opportunity for technologists, particularly within software
development and business analysis.
The outlook for the year continues to be quite positive for the banking technology
landscape, but there is still a great deal of competition for jobs in some areas (such
as project management) while in other technical areas there is a huge demand for
candidates and currently a skills shortage in Big Data, Cloud / EaaS / XaaS and front
end software development.
Our advice for candidates is to prepare as fully for interviews as possible, particularly with
regards to core competencies and achievements. For clients the priority is to manage their
recruitment processes effectively, this includes clearly understanding candidates’ prime
motivational factors as well as ensuring interviewers are well prepared, are consistent with
how the roles, requirements and opportunities are portrayed and able to maintain momentum
to keep candidate engagement high.
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Software Development
Application Development is consistently a busy area for organisational hiring, however as technology
evolves and the speed of software delivery becomes increasingly important the skills required
across software development are growing. Core languages such as Java, C++ and C# are still
the most sought after, however the demand for Java is now much higher than C++ or C#.
The tactical development space, VBA and other RAD development techniques are in lower demand
due to banks migrating towards strategic systems. The demand for Big Data technologies and
tools including Hadoop, Spark, etc. is continuing to grow as banks move from proof of concept to
production projects.
Python continues to be a highly sought after development language and many organisations
are now forced to search outside of the banking sector to find candidates. The alternative and
increasingly common approach is to hire software developers who are proven in other languages,
have explored Python in their own time and have the appetite to change their career focus in this
direction. Similarly Scala, HTML5, JavaScript (and particularly associated frameworks) are all part
of technology strategies but supply doesn’t meet demand for permanent or contract hiring resulting
in increased pay levels.
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Software Development
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
C# GUI Developer £60,000 - £70,000 £80,000 - £90,000 £100,000 - £120,000 £120,000+ £550 £600 £650
C# GUI Developer (Front Office) £60,000 - £75,000 £80,000 - £90,000 £100,000 - £120,000 £120,000+ £575 £625 £675
C# Server Developer £60,000 - £75,000 £80,000 - £90,000 £100,000 - £120,000 £120,000+ £500 £550 £630+
C# Server Developer (Front Office) £60,000 - £75,000 £75,000 - £90,000 £100,000 - £120,000 £120,000+ £575 £625 £675
C# Technical Architect £75,000 - £90,000 £95,000 - £110,000 £110,000 - £120,000 £120,000+ £600 £650 £700
C++ / Unix Developer £70,000 - £80,000 £80,000 - £95,000 £95,000 - £110,000 £110,000+ £550 £600 £650
C++ / Unix Developer
(Front Office)
£70,000 - £80,000 £80,000 - £95,000 £95,000 - £110,000 £110,000+ £600 £650 £700+
C++ / Windows Developer £60,000 - £75,000 £75,000 - £85,000 £85,000 - £100,000 £100,000+ £550 £600 £650
C++ / Windows Developer
(Front Office)
£60,000 - £75,000 £75,000 - £85,000 £85,000 - £100,000 £100,000+ £600 £650 £700
Front end Swing Java Developer £50,000 - £70,000 £70,000 - £85,000 £85,000 - £95,000 N/A £550 £600 £650
Front end Swing Java Developer
(Front Office)
£50,000 - £70,000 £70,000 - £85,000 £85,000 - £95,000 N/A £575 £625 £675
J2EE Developer £45,000 - £65,000 £65,000 - £90,000 £90,000 - £110,000 £110,000+ £550 £600 £650
J2EE Developer (Front Office) £55,000 - £75,000 £75,000 - £90,000 £90,000 - £110,000 £100,000+ £575 £625 £675
Quant Developer (C++ / Java / C#) £60,000 - £80,000 £80,000 - £100,000 £100,000 - £130,000 £130,000+ £650 £700 £750+
Server side J2SE Developer £50,000 - £60,000 £65,000 - £85,000 £85,000 - £105,000 £105,000+ £550 £600 £650
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Software Development
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Server side J2SE Developer
(Front Office)
£50,000 - £70,000 £70,000 - £90,000 £90,000 - £110,000 £110,000+ £575 £625 £675
Technical Architect Java £75,000 - £90,000 £90,000 - £105,000 £105,000 - £115,000 £115,000+ £600 £650 £700
Technical Architect
(Java - Front Office)
£75,000 - £90,000 £90,000 - £105,000 £105,000 - £120,000 £120,000+ £650 £700 £750
VBA / Excel (Front Office) £60,000 - £70,000 £70,000 - £85,000 £85,000 - £95,000 N/A £500 £550 £600
Web Developer (HTML / JavaScript
/ CSS)
£60,000 - £70,000 £70,000 - £85,000 £85,000 - £100,000 £100,000+ £600 £650 £700
WPF / Silverlight Developer £50,000 - £60,000 £60,000 - £80,000 £80,000 - £95,000 £95,000+ £550 £575 £600+
WPF /Silverlight Developer
(Front Office)
£50,000 - £60,000 £60,000 - £80,000 £80,000 - £95,000 £95,000+ £600 £650 £700
UX Architect / Information Architect £50,000 - £70,000 £70,000 - £95,000 £90,000 - £110,000 £100,000+ £650 £700 £750
UX Designer / Visual Designer £50,000 - £70,000 £70,000 - £90,000 £90,000 - £110,000 £100,000+ £600 £600 £650
HTML5 Developer £40,000 - £60,000 £60,000 - £90,000 £90,000 - £110,000 £110,000+ £550 £600 £650
Scala Developer £60,000 - £80,000 £80,000 - £100,000 £100,000 - £120,000 £120,000+ £600 £650 £700
Ruby Developer £60,000 - £75,000 £75,000 - £90,000 £90,000 - £100,000 N/A £500 £600 £650
Python Developer £60,000 - £80,000 £80,000 - £95,000 £95,000 - £110,000 £110,000+ £600 £650 £700
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Business Analysis / Testing / QA
Remuneration in these areas has remained fairly static over the last twelve months for both
contractors and permanent staff, however there has been a significant focus from many
organisations on hiring permanent staff with 3-6 years’ experience. This “AVP” level has been
critical to resourcing strategies to help reduce and control the cost base while securing talent
who have cut their teeth at similar organisations and developed a sound understanding of
business analysis and of the business they support. The organisations focused on hiring at this
level understand the need for personal development and have built effective frameworks to
accommodate this investment programme.
A strong Tester’s automation skills have gone from being a desired quality to a necessity now
in most forward-thinking QA functions. This has meant the technology around this area has
advanced and we are seeing many more mandates for QA Engineers with strong development
backgrounds. Dev Ops has also played a part in making technologies like Cucumber, Selenium
and Soap UI popular skills in strong candidates. Agile experience is also highly advantageous.
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Project / Programme Management / Functional Management
There has been significant hiring in the Project and Programme Management market over the last
twelve months, with a consistent demand across several key areas; Risk, Regulatory, Information
Security and Data Analytics. Conversely there has been very little hiring and investment in revenue
generating areas of banking. We anticipate this will continue for 2016 but emerging challenges
around block-chain technology, the digital ecosystem, security and jettisoning legacy technology
will also create opportunity for those who have a demonstrable track record of delivering cost savings
and or increased value. Domain knowledge remains a core requirement for most managers but skills
around managing risk, stakeholders, budgets and timely delivery have often been highlighted
by clients as higher priority.
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Business Analysis / Testing / QA
Project / Programme Management / Functional Management
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Programme Director £120,000 - £130,000 £140,000 - £150,000 £160,000 - £170,000 £180,000 - £190,000 £675 £800 £1,000
Programme Manager £90,000 - £100,000 £100,000 - £120,000 £125,000 - £150,000 £150,000 - £170,000 £600 £750 £800
Project Manager – E Trading £60,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £110,000 - £130,000 £550 £625 £700
Project Manager –
Fixed Income
£70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £550 £600 £675
Project Manager – FX £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £550 £650 £750
Project Manager – Finance IT £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £500 £575 £675
Project Manager £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £500 £575 £650
PMO Manager £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £500 £575 £650
PMO Analyst £40,000 - £45,000 £45,000 - £55,000 £55,000 - £65,000 N/A £400 £450 £550
Business Manager £70,000 - £80,000 £80,000 - £100,000 £110,000 - £110,000 £110,000 - £130,000 £500 £600 £700
Business Analyst – E Trading £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £550 £600 £700
Business Analyst – FX £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £550 £650 £750
Business Analyst – Rates £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £500 £575 £650
Business Analyst – OTC £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £500 £575 £650
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Business Analysis / Testing / QA
Project / Programme Management / Functional Management
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Business Analyst –
Fixed Income
£60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - 1£50,000 £500 £575 £650
Business Analyst – Finance IT £50,000 - £75,000 £75,000 - £90,000 £90,000 - £110,000 £110,000 - £140,000 £500 £575 £650
Business Analyst –
Reference Data
£60,000 - £75,000 £75,000 - £95,000 £95,000 - £120,000 £120,000+ £500 £575 £650
Business Analyst £60,000 - £80,000 £80,000 - £100,000 £100,000 - £110,000 £110,000 - £140,000 £450 £525 £600
Business Test Manager N/A N/A £75,000 - £90,000 £90,000 - £110,000 £500 £575 £675
Business Test Analyst £45,000 - £60,000 £60,000 - £75,000 £75,000 - £95,000 £95,000 - £120,000 £400 £475 £550
Asset Management / Wealth Management / Private Banking
Programme Director £120,000 - £130,000 £140,000 - £150,000 £160,000 - £170,000 £180,000 - £190,000 £700 £800 £1,000
Programme Manager £90,000 - £100,000 £100,000 - £120,000 £125,000 - £150,000 £150,000 - £170,000 £650 £750 £900
Project Manager £60,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £110,000 - £130,000 £550 £650 £750
PMO Manager £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £450 £550 £600
PMO Analyst £40,000 - £45,000 £45,000 - £55,000 £55,000 - £65,000 N/A £400 £450 £500
Business Analyst £60,000 - £80,000 £80,000 - £100,000 £100,000 - £110,000 £110,000 - £140,000 £475 £525 £650
Business Test Manager N/A N/A £75,000 - £90,000 £90,000 - £110,000 £450 £550 £650
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Business Analysis / Testing / QA and Project / Programme
Management / Functional Management
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Business Test Analyst £45,000 - £60,000 £60,000 - £75,000 £75,000 - £95,000 £95,000 - £120,000 £350 £450 £550
Risk Management
Programme Director £120,000 - £130,000 £140,000 - £150,000 £160,000 - £170,000 £180,000 - £190,000 £800 £900 £1,100
Programme Manager £90,000 - £100,000 £100,000 - £120,000 £125,000 - £150,000 £150,000 - £170,000 £700 £850 £1,000
Project Manager - Credit Risk £60,000 - £75,000 £75,000 - £90,000 £90,000 - £120,000 £120,000 - £140,000 £600 £700 £900
Project Manager -
Market Risk
£60,000 - £75,000 £75,000 - £90,000 £90,000 - £120,000 £120,000 - £140,000 £600 £700 £900
Business Analyst - Credit Risk £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £500 £650 £900
Business Analyst - Market
Risk
£60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £500 £650 £900
Business Test Manager N/A N/A £75,000 - £90,000 £90,000 - £110,000 £500 £600 £700
Business Test Analyst £45,000 - £60,000 £60,000 - £75,000 £75,000 - £95,000 £95,000 - £120,000 £400 £500 £550
Consultancy
Programme Director £120,000 - £130,000 £140,000 - £150,000 £160,000 - £170,000 £180,000 - £190,000 £800 £900 £1,100
Programme Manager £90,000 - £100,000 £100,000 - £120,000 £125,000 - £150,000 £150,000 - £170,000 £700 £850 £1,000
Project Manager £60,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £110,000 - £130,000 £600 £700 £900
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Business Analysis / Testing / QA and Project / Programme
Management / Functional Management
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Business Analyst £60,000 - £80,000 £80,000 - £100,000 £100,000 - £110,000 £110,000 - £140,000 £500 £650 £900
Business Test Manager N/A N/A £75,000 - £90,000 £90,000 - £110,000 £500 £600 £700
Business Architect N/A £90,000 - £110,000 £110,000 - £130,000 £130,000 + £600 £700 £800
Business Transformation
Consultant
£70,000 - £80,000 £80,000 - £100,000 £100,000 - £130,000 £130,000 + £550 £650 £700
LEAN / Six Sigma Consultant £60,000 - £80,000 £80,000 - £95,000 £95,000 - £110,000 £100,000 - £130,000 £500 £550 £600
Head of Business Change £110,000 - £120,000 £120,000 - £140,000 £140,000 - £165,000 £165,000 - £200,000 £800 £900 £1,000
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Infrastructure & Support
Infrastructure as part of the technology landscape is set to continue its revolution. There will
continue to be lots of opportunity for strong infrastructure support and engineering experience
but exposure and practical knowledge within Big Data and XaaS is practically guaranteed to offer
choice, personal development and increased earning potential. Many organisations have decided
their strategic paths from an infrastructure perspective but hiring contractors or permanent staff
with the levels of experience continues to be a challenge and often there is a need to take from
other sectors which have been earlier adopters of these technologies.
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Infrastructure & Support
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Auditor £40,000 - £60,000 £60,000 - £75,000 £75,000 - £85,000 £90,000 - £110,000 N/A N/A N/A
BI Developer (Cognos,
Business Objects etc.)
£50,000 - £65,000 £60,000 - £85,000 £80,000 - £95,000 £90,000 - £120,000 £550 £600 £650
Big Data Architect /Developer £85,000 - £95,000 £90,000 - £105,000 £100,000 - £130,000 £110,000 - £150,000 £650 £700 £750
Business Analyst (Application
/ Infrastructure)
£45,000 - £65,000 £60,000 - £85,000 £80,000 - £90,000 £90,000 - £100,000 £400 £450 £500
Citrix Administrator £35,000 - £50,000 £50,000 - £70,000 £70,000 - £80,000 £80,000 - £100,000 £375 £425 £475
Citrix Engineer £35,000 - £55,000 £50,000 - £70,000 £70,000 - £85,000 N/A £400 £450 £500
Data / Modeller £45,000 - £65,000 £65,000 - £85,000 £80,000 - £100,000 £90,000 - £110,000 £550 £600 £650
Database DBA £45,000 - £70,000 £70,000 - £85,000 £80,000 - £95,000 N/A £450 £500 £550
Database Developer £45,000 - £70,000 £65,000 - £80,000 £80,000 - £95,000 £100,000 - £110,000 £500 £550 £600
Database Engineer £60,000 - £70,000 £70,000 - £85,000 £80,000 - £95,000 £90,000 - £110,000 £500 £550 £600
Datacentre Analyst £35,000 - £55,000 £50,000 - £75,000 £70,000 - £85,000 N/A £300 £350 £400
Datacentre Manager N/A N/A £60,000 - £90,000 £90,000 - £120,000 £400 £450 £500
Desktop Support £35,000 - £50,000 £50,000 - £65,000 £65,000 - £85,000 N/A £250 £300 £350
eCommerce Infrastructure
Support
£60,000 - £75,000 £70,000 - £85,000 £80,000 - £100,000 £100,000 - £120,000 £450 £500 £550
Enterprise Architect £75,000 - £85,000 £85,000 - £100,000 £90,000 - £110,000 £100,000 - £130,000 £600 £650 £700
INTERNATIONAL
i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016
www.ikasinternational.com 				 Contract: +44 (0) 207 220 9888 	 Permanent: +44 (0) 207 220 9899
Infrastructure & Support
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
ETL Developer £45,000 - £65,000 £60,000 - £80,000 £80,000 - £100,000 £90,000 - £110,000 £550 £600 £650
Exchange / ISV Connectivity
Analyst
£40,000 - £60,000 £60,000 - £80,000 £80,000 - £95,000 £90,000 - £110,000 £400 £450 £500
Firewall Engineer £40,000 - £60,000 £60,000 - £75,000 £75,000 - £90,000 N/A £400 £450 £500
HPC Infrastructure Engineer £65,000 - £75,000 £70,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £400 £450 £500
HPC Infrastructure Support £55,000 - £65,000 £65,000 - £85,000 £80,000 - £95,000 £90,000 - £120,000 £350 £400 £450
Information Architect £50,000 - £70,000 £70,000 - £95,000 £90,000 - £110,000 £100,000 - £140,000 £600 £650 £700
Market Data Support Engineer £45,000 - £65,000 £65,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £400 £450 £500
Messaging Administrator
(SWIFT / Websphere etc.)
£40,000 - £65,000 £65,000 - £80,000 £75,000 - £90,000 N/A £400 £450 £500
Microsoft Exchange / OCS
Administrator
£40,000 - £60,000 £60,000 - £75,000 £75,000 - £90,000 N/A £300 £350 £400
Network Analyst £45,000 - £55,000 £55,000 - £75,000 £75,000 - £95,000 N/A £350 £400 £450
Network / Security Engineer £50,000 - £65,000 £65,000 - £85,000 £80,000 - £95,000 N/A £400 £450 £500
Perl Developer £40,000 - £55,000 £55,000 - £70,000 £70,000 - £85,000 N/A £550 £600 £650
Powerbuilder / UNIX /
Sybase / SQL Developer
£35,000 - £50,000 £50,000 - £70,000 £70,000 - £85,000 N/A £500 £550 £600
Production Manager
(Application / Infrastructure)
N/A N/A £80,000 - £100,000 £100,000 - £120,000 £550 £600 £650
INTERNATIONAL
i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016
www.ikasinternational.com 				 Contract: +44 (0) 207 220 9888 	 Permanent: +44 (0) 207 220 9899
Infrastructure & Support
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Project Co-ordinator
(Application / Infrastructure)
£35,000 - £55,000 £55,000 - £70,000 N/A N/A £275 £350 £400
Project Manager (Application
/ Infrastructure)
£55,000 - £75,000 £75,000 - £95,000 £90,000 - £105,000 N/A £450 £500 £550
SAP Specialist £45,000 - £75,000 £70,000 - £100,000 £90,000 - £110,000 N/A £400 £450 £500
Security Administrator £35,000 - £55,000 £55,000 - £80,000 £75,000 - £95,000 N/A £375 £425 £475
Security Analyst £40,000 - £60,000 £60,000 - £80,000 £80,000 - £100,000 N/A £400 £450 £500
Security Consultant £55,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 N/A £500 £550 £600
Service Management
Programme Manager
£85,000 - £100,000 £90,000 - £120,000 £110,000 - £130,000 N/A £600 £650 £700
Service Management Project
Manager
£70,000 - £85,000 £80,000 - £95,000 £90,000 - £105,000 N/A £550 £600 £650
Service Desk Analyst
(Helpdesk)
£35,000 - £45,000 £40,000 - £60,000 £60,000 - £80,000 N/A £250 £300 £350
ServiceManagementAnalyst
(Problem/Incident/Changeetc.)
£40,000 - £50,000 £50,000 - £60,000 £60,000 - £80,000 N/A £275 £325 £375
SharePoint Developer £65,000 - £75,000 £75,000 - £90,000 £90,000 - £110,000 £110,000 + £500 £550 £600
Solutions Architect £70,000 - £90,000 £90,000 - £110,000 £110,000 - £125,000 £125,000 - £150,000 £600 £650 £700
Storage Administrator £35,000 - £60,000 £60,000 - £75,000 £70,000 - £90,000 N/A £350 £400 £450
INTERNATIONAL
i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016
www.ikasinternational.com 				 Contract: +44 (0) 207 220 9888 	 Permanent: +44 (0) 207 220 9899
Infrastructure & Support
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Storage Engineer £45,000 - £70,000 £70,000 - £80,000 £80,000 - £95,000 N/A £400 £450 £500
Technical Author £40,000 - £60,000 £60,000 - £75,000 N/A N/A £250 £300 £350
Test QA Analyst £60,000 - £70,000 £70,000 - £90,000 £90,000 - £110,000 £110,000+ £350 £400 £450
Tools Developer £60,000 - £75,000 £75,000 - £90,000 £90,000 - £110,000 £110,000+ £450 £525 £600
Trading Systems Developer
(Summit / Fidessa / Calypso/
Murex etc.)
£55,000 - £80,000 £80,000 - £100,000 £90,000 - £115,000 £115,000 - £140,000 £600 £650 £750
Trading Systems Support
(Summit / Fidessa / Calypso /
Murex etc.)
£50,000 - £70,000 £70,000 - £90,000 £90,000 - £110,000 £110,000 - £120,000 £525 £575 £625
UNIX Engineer £50,000 - £70,000 £70,000 - £90,000 £85,000 - £100,000 £100,000 - £120,000 £475 £525 £575
UNIX / Perl / Sybase
Development Support
£45,000 - £60,000 £60,000 - £70,000 N/A N/A £350 £400 £475
UNIX System Administrator £45,000 - £65,000 £65,000 - £75,000 £75,000 - £90,000 £90,000 - £120,000 £400 £450 £550
Voice Engineer £40,000 - £60,000 £60,000 - £80,000 £80,000 - £100,000 £100,000 - £120,000 £400 £500 £600
Wintel Administrator £40,000 - £65,000 £60,000 - £80,000 £75,000 - £95,000 £90,000 - £110,000 £350 £400 £475
Wintel Engineer £50,000 - £70,000 £70,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £400 £450 £525
Information Security Manager £60,000 - £70,000 £70,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £550 £600 £700
Test Manager £70,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £110,000 - £120,000 £450 £525 £600 -£650
INTERNATIONAL
i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016
www.ikasinternational.com 				 Contract: +44 (0) 207 220 9888 	 Permanent: +44 (0) 207 220 9899
Infrastructure & Support
Role PERMANENT CONTRACT (+/- £25)
Mid-level Senior Manager Director Mid-level Senior Director
Infrastructure Manager £70,000 - £80,000 £80,000 - £100,000 £100,000 - £120,000 £120,000 - £140,000 £450 £525 £600 - £650
Transformation Project
Manager (Infra / App)
£65,000 - £80,000 £80,000 - £95,000 £95,000 - £105,000 £105,000 - £140,000 £500 £575 £600 - £650
INTERNATIONAL
This Salary Guide is a compilation of salary and market information provided by iKas International’s
clients, candidates and other sources. Information was gathered by drawing on the extensive knowledge of
our recruitment consultants across our specialist practice groups. Salary ranges are approximate guides only.
They relate to base salaries and exclude superannuation/bonuses/incentive schemes/stock options.
Hong Kong
+852 3970 6600
hkinfo@ikasinternational.com
Singapore
+65 6521 9850
sginfo@ikasinternational.com
London
Contract:
+44 (0) 207 220 9888
Permanent:
+44 (0) 207 220 9899
London@ikasinternational.com
Sydney
+61 2 8270 000
auinfo@ikasinternational.com
New York
+1(646) 924 1980
nyinfo@ikasinternational.com

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International Salary Survey Insights

  • 1. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 INTERNATIONALINTERNATIONAL Salary Survey 2016
  • 2. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Introduction Competition amongst businesses for top talent makes it critical to ensure both recruitment and retention strategies are fit for purpose. 2016 will see hiring and remuneration trends continue on balance compared to the previous 24 months with both micro and macro-economic uncertainty presenting interesting challenges for many employers. The mid-term outlook suggests pay scales and retention methods will be critical to retaining and attracting talent into any business. The changing demographic of candidate needs will have to be addressed with employers putting increased thought leadership into forward thinking development cycles to ensure attraction models are relevant to a changing generation of employees and advances in technology. Candidate movement will still remain robust though it is clear from our findings companies acknowledge that career development is as valuable as pay. Over the last two years we have seen more conservative increases in pay and we anticipate this will continue throughout 2016 with employers encouraged to provide opportunities of personal growth and improvement. This will be particularly evident in fast growing technology streams where candidates will be enticed to develop skills throughout as well as impacting needs. Tailored reward packages including clear career paths, development cycles and flexible working are key to talent attraction and successfully attracting the talent of today and tomorrow. Very clearly remuneration is critical to all and with industries in the middle of technological innovation and globalization of the way your staff are rewarded will make or break business growth strategy. This is why iKas international are more committed to providing a more meaningful candidate and client experience than ever before. We sincerely hope you find the information within valuable and informative. We are absolutely committed to developing talent identification and driving true valued partnerships. Oliver Coughlan Chief Executive Officer
  • 3. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 About iKas International We are a market leading Financial Services recruitment consultancy. Our consistent and reputable performance since inception has seen the business grow into a global partner operating out of London, Hong Kong, Singapore, Sydney and New York. We strive to live and breathe our values of Passion, Integrity, Excellence, Innovation and Collaboration. Our ambitious future plans, our people, our approach and the results we produce set us apart from competition, and creates the ideal environment for hard-working, motivated and career driven individuals. Talent Identification With an excellent track record of successful delivery - our company, and more importantly our consultants, are some of the most experienced and well recognised in the industry. Valuing Partnerships Our partnership approach ensures that we understand our clients’ and candidates’ needs. Through a deeper understanding of all our customers we are able to deliver a more rewarding candidate and client experience. Innovative Solutions We partner with our clients to deliver a diverse workforce and create service led, long term recruitment strategies. We have experienced phenomenal growth supporting a wealth of Financial Services clients, including; Investment Banks; Asset Managers; Hedge Funds; Consultancies; Software Houses; Retail Banks; Insurers Most recent awards include: International Fast Track 250. Sunday Times. Winners 2014 & 2015 Best Technology Recruiter of the Year, Recruitment International Asia. Winners 2014, 2015 The IT & Technology Recruitment Company of the Year, Recruitment International Singapore. Winner 2015 Shortlisted - The Growth Company of the Year, Recruitment International Singapore. 2015 S O F T W A R E D E V E L O P M E N T PROJECT / PROGRAMME MANAGEMENT / FUNCTIONAL MANAGEMENT INFR ASTRUCTURE AND SUPP ORT IT BUSINESS ANALYSIS / T E S T I N G / Q A AWARDS 2014 WINNERBest Technology Recruiter of the year 2015 iKas International RECRUITMENT INTERNATIONAL AWARDS 2015 WINNERBest Technology Recruiter of the year 2015 iKas International RECRUITMENT INTERNATIONAL AWARDS 2015 WINNERBest Technology Recruiter of the year 2015 iKas International RECRUITMENT INTERNATIONAL AWARDS 2015 WINNERThe IT & Technology Recruitment Company of the year 2015 iKas International RECRUITMENT INTERNATIONAL
  • 4. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Contract • Day rates have remained consistent over the last 2 years – 46% of respondents earning £500-£650 per day and 23% in the £650-£800 per day category • Most popular job functions in the contracting market remain within Software Development and Business Analysis • Appetite for contractors remain highest within Investment Banking versus other Financial Services clients who continue to look to permanent hires • 77% of contract jobs are now outside the Front Office. Risk and Regulation projects now lead the way with 33% of respondents working in these business areas • Confidence in contract extensions is high – 80% of respondents are expecting a renewal • However 60% expect NO change in their rate at renewal – this despite 86% suggesting rate was the most important factor influencing them - suggesting a move is on the horizon • Client satisfaction is high – 46% of contractors would highly recommend their current client and only 8% felt negatively about their current client • Contract VS Perm – 75% of respondents did not deem development important to them. Career contracting is still clearly on the agenda 77% of contract jobs are now outside the Front Office 60% expect NO change in their rate at renewal 46% of contractors would highly recommend their current client 86% considered rate as the key influencing factor with a new role
  • 5. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Permanent • Over half of respondents did not receive a salary increase in 2015. • Of those that did receive a salary increase nearly half received less than 5% with just 1% receiving over 20% • Over half of people received a bonus between 0-10% with 1% receiving a bonus in excess of 50% • The most important consideration when deciding on a new role is salary with 86% of people stating this as a key motivator, followed by 64% stating career development a key driver • When asked how likely permanent employees would be to recommend their current employer 43% responded very positively, however 16% were at the other end of the spectrum • Front Office technologists accounted for nearly a third of responses with nearly 20% focussed on Risk / Compliance / Regulatory business lines Just 64% stated career developmentimportant inanewrole 1% of respondents had a salary increase of over 20% Only 43%of respondents would recommend their current employers
  • 6. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 General Market Overview 2015 and Q1 2016 have been somewhat shrouded in uncertainty as global markets have experienced some rises, but mostly falls. Members of Investment Banking leadership have made attention-drawing comments on compensation and while the technology functions have lower expectations than in the past, they continue to provide a higher level of pay than in other sectors. Regulatory initiatives continue to be heavily resourced (particularly within the contracting market) as well as the Front Office which supports the hiring trends over the last twelve months. While most organisations are rationalising their technology estate, which is driving a considerable amount of hiring, others have identified key areas of investment for business growth which is creating greater opportunity for technologists, particularly within software development and business analysis. The outlook for the year continues to be quite positive for the banking technology landscape, but there is still a great deal of competition for jobs in some areas (such as project management) while in other technical areas there is a huge demand for candidates and currently a skills shortage in Big Data, Cloud / EaaS / XaaS and front end software development. Our advice for candidates is to prepare as fully for interviews as possible, particularly with regards to core competencies and achievements. For clients the priority is to manage their recruitment processes effectively, this includes clearly understanding candidates’ prime motivational factors as well as ensuring interviewers are well prepared, are consistent with how the roles, requirements and opportunities are portrayed and able to maintain momentum to keep candidate engagement high.
  • 7. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Software Development Application Development is consistently a busy area for organisational hiring, however as technology evolves and the speed of software delivery becomes increasingly important the skills required across software development are growing. Core languages such as Java, C++ and C# are still the most sought after, however the demand for Java is now much higher than C++ or C#. The tactical development space, VBA and other RAD development techniques are in lower demand due to banks migrating towards strategic systems. The demand for Big Data technologies and tools including Hadoop, Spark, etc. is continuing to grow as banks move from proof of concept to production projects. Python continues to be a highly sought after development language and many organisations are now forced to search outside of the banking sector to find candidates. The alternative and increasingly common approach is to hire software developers who are proven in other languages, have explored Python in their own time and have the appetite to change their career focus in this direction. Similarly Scala, HTML5, JavaScript (and particularly associated frameworks) are all part of technology strategies but supply doesn’t meet demand for permanent or contract hiring resulting in increased pay levels.
  • 8. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Software Development Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director C# GUI Developer £60,000 - £70,000 £80,000 - £90,000 £100,000 - £120,000 £120,000+ £550 £600 £650 C# GUI Developer (Front Office) £60,000 - £75,000 £80,000 - £90,000 £100,000 - £120,000 £120,000+ £575 £625 £675 C# Server Developer £60,000 - £75,000 £80,000 - £90,000 £100,000 - £120,000 £120,000+ £500 £550 £630+ C# Server Developer (Front Office) £60,000 - £75,000 £75,000 - £90,000 £100,000 - £120,000 £120,000+ £575 £625 £675 C# Technical Architect £75,000 - £90,000 £95,000 - £110,000 £110,000 - £120,000 £120,000+ £600 £650 £700 C++ / Unix Developer £70,000 - £80,000 £80,000 - £95,000 £95,000 - £110,000 £110,000+ £550 £600 £650 C++ / Unix Developer (Front Office) £70,000 - £80,000 £80,000 - £95,000 £95,000 - £110,000 £110,000+ £600 £650 £700+ C++ / Windows Developer £60,000 - £75,000 £75,000 - £85,000 £85,000 - £100,000 £100,000+ £550 £600 £650 C++ / Windows Developer (Front Office) £60,000 - £75,000 £75,000 - £85,000 £85,000 - £100,000 £100,000+ £600 £650 £700 Front end Swing Java Developer £50,000 - £70,000 £70,000 - £85,000 £85,000 - £95,000 N/A £550 £600 £650 Front end Swing Java Developer (Front Office) £50,000 - £70,000 £70,000 - £85,000 £85,000 - £95,000 N/A £575 £625 £675 J2EE Developer £45,000 - £65,000 £65,000 - £90,000 £90,000 - £110,000 £110,000+ £550 £600 £650 J2EE Developer (Front Office) £55,000 - £75,000 £75,000 - £90,000 £90,000 - £110,000 £100,000+ £575 £625 £675 Quant Developer (C++ / Java / C#) £60,000 - £80,000 £80,000 - £100,000 £100,000 - £130,000 £130,000+ £650 £700 £750+ Server side J2SE Developer £50,000 - £60,000 £65,000 - £85,000 £85,000 - £105,000 £105,000+ £550 £600 £650
  • 9. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Software Development Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Server side J2SE Developer (Front Office) £50,000 - £70,000 £70,000 - £90,000 £90,000 - £110,000 £110,000+ £575 £625 £675 Technical Architect Java £75,000 - £90,000 £90,000 - £105,000 £105,000 - £115,000 £115,000+ £600 £650 £700 Technical Architect (Java - Front Office) £75,000 - £90,000 £90,000 - £105,000 £105,000 - £120,000 £120,000+ £650 £700 £750 VBA / Excel (Front Office) £60,000 - £70,000 £70,000 - £85,000 £85,000 - £95,000 N/A £500 £550 £600 Web Developer (HTML / JavaScript / CSS) £60,000 - £70,000 £70,000 - £85,000 £85,000 - £100,000 £100,000+ £600 £650 £700 WPF / Silverlight Developer £50,000 - £60,000 £60,000 - £80,000 £80,000 - £95,000 £95,000+ £550 £575 £600+ WPF /Silverlight Developer (Front Office) £50,000 - £60,000 £60,000 - £80,000 £80,000 - £95,000 £95,000+ £600 £650 £700 UX Architect / Information Architect £50,000 - £70,000 £70,000 - £95,000 £90,000 - £110,000 £100,000+ £650 £700 £750 UX Designer / Visual Designer £50,000 - £70,000 £70,000 - £90,000 £90,000 - £110,000 £100,000+ £600 £600 £650 HTML5 Developer £40,000 - £60,000 £60,000 - £90,000 £90,000 - £110,000 £110,000+ £550 £600 £650 Scala Developer £60,000 - £80,000 £80,000 - £100,000 £100,000 - £120,000 £120,000+ £600 £650 £700 Ruby Developer £60,000 - £75,000 £75,000 - £90,000 £90,000 - £100,000 N/A £500 £600 £650 Python Developer £60,000 - £80,000 £80,000 - £95,000 £95,000 - £110,000 £110,000+ £600 £650 £700
  • 10. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Business Analysis / Testing / QA Remuneration in these areas has remained fairly static over the last twelve months for both contractors and permanent staff, however there has been a significant focus from many organisations on hiring permanent staff with 3-6 years’ experience. This “AVP” level has been critical to resourcing strategies to help reduce and control the cost base while securing talent who have cut their teeth at similar organisations and developed a sound understanding of business analysis and of the business they support. The organisations focused on hiring at this level understand the need for personal development and have built effective frameworks to accommodate this investment programme. A strong Tester’s automation skills have gone from being a desired quality to a necessity now in most forward-thinking QA functions. This has meant the technology around this area has advanced and we are seeing many more mandates for QA Engineers with strong development backgrounds. Dev Ops has also played a part in making technologies like Cucumber, Selenium and Soap UI popular skills in strong candidates. Agile experience is also highly advantageous.
  • 11. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Project / Programme Management / Functional Management There has been significant hiring in the Project and Programme Management market over the last twelve months, with a consistent demand across several key areas; Risk, Regulatory, Information Security and Data Analytics. Conversely there has been very little hiring and investment in revenue generating areas of banking. We anticipate this will continue for 2016 but emerging challenges around block-chain technology, the digital ecosystem, security and jettisoning legacy technology will also create opportunity for those who have a demonstrable track record of delivering cost savings and or increased value. Domain knowledge remains a core requirement for most managers but skills around managing risk, stakeholders, budgets and timely delivery have often been highlighted by clients as higher priority.
  • 12. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Business Analysis / Testing / QA Project / Programme Management / Functional Management Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Programme Director £120,000 - £130,000 £140,000 - £150,000 £160,000 - £170,000 £180,000 - £190,000 £675 £800 £1,000 Programme Manager £90,000 - £100,000 £100,000 - £120,000 £125,000 - £150,000 £150,000 - £170,000 £600 £750 £800 Project Manager – E Trading £60,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £110,000 - £130,000 £550 £625 £700 Project Manager – Fixed Income £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £550 £600 £675 Project Manager – FX £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £550 £650 £750 Project Manager – Finance IT £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £500 £575 £675 Project Manager £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £500 £575 £650 PMO Manager £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £500 £575 £650 PMO Analyst £40,000 - £45,000 £45,000 - £55,000 £55,000 - £65,000 N/A £400 £450 £550 Business Manager £70,000 - £80,000 £80,000 - £100,000 £110,000 - £110,000 £110,000 - £130,000 £500 £600 £700 Business Analyst – E Trading £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £550 £600 £700 Business Analyst – FX £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £550 £650 £750 Business Analyst – Rates £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £500 £575 £650 Business Analyst – OTC £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £500 £575 £650
  • 13. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Business Analysis / Testing / QA Project / Programme Management / Functional Management Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Business Analyst – Fixed Income £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - 1£50,000 £500 £575 £650 Business Analyst – Finance IT £50,000 - £75,000 £75,000 - £90,000 £90,000 - £110,000 £110,000 - £140,000 £500 £575 £650 Business Analyst – Reference Data £60,000 - £75,000 £75,000 - £95,000 £95,000 - £120,000 £120,000+ £500 £575 £650 Business Analyst £60,000 - £80,000 £80,000 - £100,000 £100,000 - £110,000 £110,000 - £140,000 £450 £525 £600 Business Test Manager N/A N/A £75,000 - £90,000 £90,000 - £110,000 £500 £575 £675 Business Test Analyst £45,000 - £60,000 £60,000 - £75,000 £75,000 - £95,000 £95,000 - £120,000 £400 £475 £550 Asset Management / Wealth Management / Private Banking Programme Director £120,000 - £130,000 £140,000 - £150,000 £160,000 - £170,000 £180,000 - £190,000 £700 £800 £1,000 Programme Manager £90,000 - £100,000 £100,000 - £120,000 £125,000 - £150,000 £150,000 - £170,000 £650 £750 £900 Project Manager £60,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £110,000 - £130,000 £550 £650 £750 PMO Manager £70,000 - £80,000 £80,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £450 £550 £600 PMO Analyst £40,000 - £45,000 £45,000 - £55,000 £55,000 - £65,000 N/A £400 £450 £500 Business Analyst £60,000 - £80,000 £80,000 - £100,000 £100,000 - £110,000 £110,000 - £140,000 £475 £525 £650 Business Test Manager N/A N/A £75,000 - £90,000 £90,000 - £110,000 £450 £550 £650
  • 14. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Business Analysis / Testing / QA and Project / Programme Management / Functional Management Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Business Test Analyst £45,000 - £60,000 £60,000 - £75,000 £75,000 - £95,000 £95,000 - £120,000 £350 £450 £550 Risk Management Programme Director £120,000 - £130,000 £140,000 - £150,000 £160,000 - £170,000 £180,000 - £190,000 £800 £900 £1,100 Programme Manager £90,000 - £100,000 £100,000 - £120,000 £125,000 - £150,000 £150,000 - £170,000 £700 £850 £1,000 Project Manager - Credit Risk £60,000 - £75,000 £75,000 - £90,000 £90,000 - £120,000 £120,000 - £140,000 £600 £700 £900 Project Manager - Market Risk £60,000 - £75,000 £75,000 - £90,000 £90,000 - £120,000 £120,000 - £140,000 £600 £700 £900 Business Analyst - Credit Risk £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £500 £650 £900 Business Analyst - Market Risk £60,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 £120,000 - £150,000 £500 £650 £900 Business Test Manager N/A N/A £75,000 - £90,000 £90,000 - £110,000 £500 £600 £700 Business Test Analyst £45,000 - £60,000 £60,000 - £75,000 £75,000 - £95,000 £95,000 - £120,000 £400 £500 £550 Consultancy Programme Director £120,000 - £130,000 £140,000 - £150,000 £160,000 - £170,000 £180,000 - £190,000 £800 £900 £1,100 Programme Manager £90,000 - £100,000 £100,000 - £120,000 £125,000 - £150,000 £150,000 - £170,000 £700 £850 £1,000 Project Manager £60,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £110,000 - £130,000 £600 £700 £900
  • 15. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Business Analysis / Testing / QA and Project / Programme Management / Functional Management Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Business Analyst £60,000 - £80,000 £80,000 - £100,000 £100,000 - £110,000 £110,000 - £140,000 £500 £650 £900 Business Test Manager N/A N/A £75,000 - £90,000 £90,000 - £110,000 £500 £600 £700 Business Architect N/A £90,000 - £110,000 £110,000 - £130,000 £130,000 + £600 £700 £800 Business Transformation Consultant £70,000 - £80,000 £80,000 - £100,000 £100,000 - £130,000 £130,000 + £550 £650 £700 LEAN / Six Sigma Consultant £60,000 - £80,000 £80,000 - £95,000 £95,000 - £110,000 £100,000 - £130,000 £500 £550 £600 Head of Business Change £110,000 - £120,000 £120,000 - £140,000 £140,000 - £165,000 £165,000 - £200,000 £800 £900 £1,000
  • 16. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Infrastructure & Support Infrastructure as part of the technology landscape is set to continue its revolution. There will continue to be lots of opportunity for strong infrastructure support and engineering experience but exposure and practical knowledge within Big Data and XaaS is practically guaranteed to offer choice, personal development and increased earning potential. Many organisations have decided their strategic paths from an infrastructure perspective but hiring contractors or permanent staff with the levels of experience continues to be a challenge and often there is a need to take from other sectors which have been earlier adopters of these technologies.
  • 17. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Infrastructure & Support Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Auditor £40,000 - £60,000 £60,000 - £75,000 £75,000 - £85,000 £90,000 - £110,000 N/A N/A N/A BI Developer (Cognos, Business Objects etc.) £50,000 - £65,000 £60,000 - £85,000 £80,000 - £95,000 £90,000 - £120,000 £550 £600 £650 Big Data Architect /Developer £85,000 - £95,000 £90,000 - £105,000 £100,000 - £130,000 £110,000 - £150,000 £650 £700 £750 Business Analyst (Application / Infrastructure) £45,000 - £65,000 £60,000 - £85,000 £80,000 - £90,000 £90,000 - £100,000 £400 £450 £500 Citrix Administrator £35,000 - £50,000 £50,000 - £70,000 £70,000 - £80,000 £80,000 - £100,000 £375 £425 £475 Citrix Engineer £35,000 - £55,000 £50,000 - £70,000 £70,000 - £85,000 N/A £400 £450 £500 Data / Modeller £45,000 - £65,000 £65,000 - £85,000 £80,000 - £100,000 £90,000 - £110,000 £550 £600 £650 Database DBA £45,000 - £70,000 £70,000 - £85,000 £80,000 - £95,000 N/A £450 £500 £550 Database Developer £45,000 - £70,000 £65,000 - £80,000 £80,000 - £95,000 £100,000 - £110,000 £500 £550 £600 Database Engineer £60,000 - £70,000 £70,000 - £85,000 £80,000 - £95,000 £90,000 - £110,000 £500 £550 £600 Datacentre Analyst £35,000 - £55,000 £50,000 - £75,000 £70,000 - £85,000 N/A £300 £350 £400 Datacentre Manager N/A N/A £60,000 - £90,000 £90,000 - £120,000 £400 £450 £500 Desktop Support £35,000 - £50,000 £50,000 - £65,000 £65,000 - £85,000 N/A £250 £300 £350 eCommerce Infrastructure Support £60,000 - £75,000 £70,000 - £85,000 £80,000 - £100,000 £100,000 - £120,000 £450 £500 £550 Enterprise Architect £75,000 - £85,000 £85,000 - £100,000 £90,000 - £110,000 £100,000 - £130,000 £600 £650 £700
  • 18. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Infrastructure & Support Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director ETL Developer £45,000 - £65,000 £60,000 - £80,000 £80,000 - £100,000 £90,000 - £110,000 £550 £600 £650 Exchange / ISV Connectivity Analyst £40,000 - £60,000 £60,000 - £80,000 £80,000 - £95,000 £90,000 - £110,000 £400 £450 £500 Firewall Engineer £40,000 - £60,000 £60,000 - £75,000 £75,000 - £90,000 N/A £400 £450 £500 HPC Infrastructure Engineer £65,000 - £75,000 £70,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £400 £450 £500 HPC Infrastructure Support £55,000 - £65,000 £65,000 - £85,000 £80,000 - £95,000 £90,000 - £120,000 £350 £400 £450 Information Architect £50,000 - £70,000 £70,000 - £95,000 £90,000 - £110,000 £100,000 - £140,000 £600 £650 £700 Market Data Support Engineer £45,000 - £65,000 £65,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £400 £450 £500 Messaging Administrator (SWIFT / Websphere etc.) £40,000 - £65,000 £65,000 - £80,000 £75,000 - £90,000 N/A £400 £450 £500 Microsoft Exchange / OCS Administrator £40,000 - £60,000 £60,000 - £75,000 £75,000 - £90,000 N/A £300 £350 £400 Network Analyst £45,000 - £55,000 £55,000 - £75,000 £75,000 - £95,000 N/A £350 £400 £450 Network / Security Engineer £50,000 - £65,000 £65,000 - £85,000 £80,000 - £95,000 N/A £400 £450 £500 Perl Developer £40,000 - £55,000 £55,000 - £70,000 £70,000 - £85,000 N/A £550 £600 £650 Powerbuilder / UNIX / Sybase / SQL Developer £35,000 - £50,000 £50,000 - £70,000 £70,000 - £85,000 N/A £500 £550 £600 Production Manager (Application / Infrastructure) N/A N/A £80,000 - £100,000 £100,000 - £120,000 £550 £600 £650
  • 19. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Infrastructure & Support Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Project Co-ordinator (Application / Infrastructure) £35,000 - £55,000 £55,000 - £70,000 N/A N/A £275 £350 £400 Project Manager (Application / Infrastructure) £55,000 - £75,000 £75,000 - £95,000 £90,000 - £105,000 N/A £450 £500 £550 SAP Specialist £45,000 - £75,000 £70,000 - £100,000 £90,000 - £110,000 N/A £400 £450 £500 Security Administrator £35,000 - £55,000 £55,000 - £80,000 £75,000 - £95,000 N/A £375 £425 £475 Security Analyst £40,000 - £60,000 £60,000 - £80,000 £80,000 - £100,000 N/A £400 £450 £500 Security Consultant £55,000 - £75,000 £75,000 - £100,000 £100,000 - £120,000 N/A £500 £550 £600 Service Management Programme Manager £85,000 - £100,000 £90,000 - £120,000 £110,000 - £130,000 N/A £600 £650 £700 Service Management Project Manager £70,000 - £85,000 £80,000 - £95,000 £90,000 - £105,000 N/A £550 £600 £650 Service Desk Analyst (Helpdesk) £35,000 - £45,000 £40,000 - £60,000 £60,000 - £80,000 N/A £250 £300 £350 ServiceManagementAnalyst (Problem/Incident/Changeetc.) £40,000 - £50,000 £50,000 - £60,000 £60,000 - £80,000 N/A £275 £325 £375 SharePoint Developer £65,000 - £75,000 £75,000 - £90,000 £90,000 - £110,000 £110,000 + £500 £550 £600 Solutions Architect £70,000 - £90,000 £90,000 - £110,000 £110,000 - £125,000 £125,000 - £150,000 £600 £650 £700 Storage Administrator £35,000 - £60,000 £60,000 - £75,000 £70,000 - £90,000 N/A £350 £400 £450
  • 20. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Infrastructure & Support Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Storage Engineer £45,000 - £70,000 £70,000 - £80,000 £80,000 - £95,000 N/A £400 £450 £500 Technical Author £40,000 - £60,000 £60,000 - £75,000 N/A N/A £250 £300 £350 Test QA Analyst £60,000 - £70,000 £70,000 - £90,000 £90,000 - £110,000 £110,000+ £350 £400 £450 Tools Developer £60,000 - £75,000 £75,000 - £90,000 £90,000 - £110,000 £110,000+ £450 £525 £600 Trading Systems Developer (Summit / Fidessa / Calypso/ Murex etc.) £55,000 - £80,000 £80,000 - £100,000 £90,000 - £115,000 £115,000 - £140,000 £600 £650 £750 Trading Systems Support (Summit / Fidessa / Calypso / Murex etc.) £50,000 - £70,000 £70,000 - £90,000 £90,000 - £110,000 £110,000 - £120,000 £525 £575 £625 UNIX Engineer £50,000 - £70,000 £70,000 - £90,000 £85,000 - £100,000 £100,000 - £120,000 £475 £525 £575 UNIX / Perl / Sybase Development Support £45,000 - £60,000 £60,000 - £70,000 N/A N/A £350 £400 £475 UNIX System Administrator £45,000 - £65,000 £65,000 - £75,000 £75,000 - £90,000 £90,000 - £120,000 £400 £450 £550 Voice Engineer £40,000 - £60,000 £60,000 - £80,000 £80,000 - £100,000 £100,000 - £120,000 £400 £500 £600 Wintel Administrator £40,000 - £65,000 £60,000 - £80,000 £75,000 - £95,000 £90,000 - £110,000 £350 £400 £475 Wintel Engineer £50,000 - £70,000 £70,000 - £90,000 £90,000 - £100,000 £100,000 - £120,000 £400 £450 £525 Information Security Manager £60,000 - £70,000 £70,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £550 £600 £700 Test Manager £70,000 - £80,000 £80,000 - £90,000 £90,000 - £110,000 £110,000 - £120,000 £450 £525 £600 -£650
  • 21. INTERNATIONAL i K a s I N T E R N AT I O N A L S A L A R Y S U R V E Y 2 016 www.ikasinternational.com Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 Infrastructure & Support Role PERMANENT CONTRACT (+/- £25) Mid-level Senior Manager Director Mid-level Senior Director Infrastructure Manager £70,000 - £80,000 £80,000 - £100,000 £100,000 - £120,000 £120,000 - £140,000 £450 £525 £600 - £650 Transformation Project Manager (Infra / App) £65,000 - £80,000 £80,000 - £95,000 £95,000 - £105,000 £105,000 - £140,000 £500 £575 £600 - £650
  • 22. INTERNATIONAL This Salary Guide is a compilation of salary and market information provided by iKas International’s clients, candidates and other sources. Information was gathered by drawing on the extensive knowledge of our recruitment consultants across our specialist practice groups. Salary ranges are approximate guides only. They relate to base salaries and exclude superannuation/bonuses/incentive schemes/stock options. Hong Kong +852 3970 6600 hkinfo@ikasinternational.com Singapore +65 6521 9850 sginfo@ikasinternational.com London Contract: +44 (0) 207 220 9888 Permanent: +44 (0) 207 220 9899 London@ikasinternational.com Sydney +61 2 8270 000 auinfo@ikasinternational.com New York +1(646) 924 1980 nyinfo@ikasinternational.com