2014 IT Salary Survey: Banking Research Findings © 2014 Property of UBM Tech; All Rights Reserved
The majority of the 603 staff- and 651 managerial-level banking and securities IT pros in our survey got a bump in pay this past year. Seventy percent of staffers and 72% of managers got a raise within the past 12 months, with 21% of staff and 33% of management reporting an increase of 5% or more. Other data points: >> 83% of staffers receive 401(k) matches; 22% have stock purchase plans. >> 53% of staff attended company-paid training in the past 12 months; 61% of managers say the same. >> 39% of managers hold an MBA or other master’s degree (36%) or PhD (3%). >> 20% of managers seeking new jobs say they want less stress. > >12% of staffers and 10% of managers feel insecure in their jobs. Respondent breakdown: 49% work for banking and securities firms with 5,000 or more employees; 33% have over 20,000. Want more? Visit InformationWeek ReportsInformationWeek Reports Executive Summary v
Median salary: Bank IT staff vs. managers © 2014 Property of UBM Tech; All Rights Reserved
Median compensation: Bank IT staff vs. managers © 2014 Property of UBM Tech; All Rights Reserved
Base salary changes: Bank IT staff vs. managers © 2014 Property of UBM Tech; All Rights Reserved
Compensation changes: Bank IT staff vs. managers © 2014 Property of UBM Tech; All Rights Reserved
Base salary: Male vs. female © 2014 Property of UBM Tech; All Rights Reserved
Compensation: Male vs. female © 2014 Property of UBM Tech; All Rights Reserved
Salary based on company revenue © 2014 Property of UBM Tech; All Rights Reserved
Base salary increases over the years © 2014 Property of UBM Tech; All Rights Reserved
Bonuses are the norm © 2014 Property of UBM Tech; All Rights Reserved
Performance drives bonuses © 2014 Property of UBM Tech; All Rights Reserved
Non-IT experience: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
Prior jobs: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
Non-IT responsibilities: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
Staff non-IT duties © 2014 Property of UBM Tech; All Rights Reserved
Management non-IT duties © 2014 Property of UBM Tech; All Rights Reserved
Key skills: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
Highest average salary in the northeast © 2014 Property of UBM Tech; All Rights Reserved
Regional salary changes © 2014 Property of UBM Tech; All Rights Reserved
Perks: 401(k) match, health insurance © 2014 Property of UBM Tech; All Rights Reserved
Wanted: tech-specific training © 2014 Property of UBM Tech; All Rights Reserved
Most get company-paid training © 2014 Property of UBM Tech; All Rights Reserved
Staff, management pay for training © 2014 Property of UBM Tech; All Rights Reserved
Staff: Base pay is most important © 2014 Property of UBM Tech; All Rights Reserved
Management: Base pay is most important © 2014 Property of UBM Tech; All Rights Reserved
Base pay, stability most valued © 2014 Property of UBM Tech; All Rights Reserved
18-19 years in IT profession © 2014 Property of UBM Tech; All Rights Reserved
7 years at present company © 2014 Property of UBM Tech; All Rights Reserved
Loyalty: Most do not job hop © 2014 Property of UBM Tech; All Rights Reserved
Total compensation satisfaction: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
Total compensation satisfaction over time: Staff © 2014 Property of UBM Tech; All Rights Reserved
Total compensation satisfaction over time: Management © 2014 Property of UBM Tech; All Rights Reserved
Overall job satisfaction: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
Job satisfaction over time: Staff © 2014 Property of UBM Tech; All Rights Reserved
Job satisfaction over time: Management © 2014 Property of UBM Tech; All Rights Reserved
Intellectual challenges: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
Job security: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
Job security over the years: Staff © 2014 Property of UBM Tech; All Rights Reserved
Job security over the years: Management © 2014 Property of UBM Tech; All Rights Reserved
IT as a career path: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved
IT career path trend: Staff © 2014 Property of UBM Tech; All Rights Reserved
IT career path trend: Management © 2014 Property of UBM Tech; All Rights Reserved
Security of an IT career vs. others © 2014 Property of UBM Tech; All Rights Reserved
Biggest event in last year: Raises © 2014 Property of UBM Tech; All Rights Reserved
Most employers outsource some IT jobs © 2014 Property of UBM Tech; All Rights Reserved
Outsourcing hits job availability, morale © 2014 Property of UBM Tech; All Rights Reserved
Outsourcing affects few personally © 2014 Property of UBM Tech; All Rights Reserved
Most aren’t looking for a new job © 2014 Property of UBM Tech; All Rights Reserved
Those looking cite more money © 2014 Property of UBM Tech; All Rights Reserved
Job satisfaction is important © 2014 Property of UBM Tech; All Rights Reserved
Highest degree: Bachelor’s © 2014 Property of UBM Tech; All Rights Reserved
Surveyed gender: Men outnumber women © 2014 Property of UBM Tech; All Rights Reserved
Management trends older © 2014 Property of UBM Tech; All Rights Reserved
Most have revenue over $100 million © 2014 Property of UBM Tech; All Rights Reserved
About half have fewer than 5,000 employees © 2014 Property of UBM Tech; All Rights Reserved
Research Synopsis Survey Name InformationWeek 2014 US IT Salary Survey: Banking and Securities Survey Date February 2014 Region United States Number of Respondents 1,254 banking and securities IT professionals, composed of 603 staff and 651 managers Purpose To track IT salary and compensation trends from the perspective of those on the front lines, InformationWeek conducts an annual US IT Salary Survey. Now in its 17th year, it’s the largest employee-based IT salary survey in the country. This year 11,662 full-time IT professionals completed the web-based survey. The goal of this trendable study is to measure various aspects of compensation, benefits, and job satisfaction. This report focuses on the 1,254 banking and securities IT professionals who participated in the survey. Methodology The survey was designed by InformationWeek and fielded online. The survey was promoted in InformationWeek’s daily and weekly newsletters. In addition, invitations with an embedded link to the survey were sent to qualified IT professionals from UBM Tech databases. The survey was fielded from November 2013 to February The information within this report is based on responses from 1,254 banking and securities IT professionals. Unemployed and part-time workers were excluded from these results, as were respondents from outside the United States. This report uses median rather than mean or average figures for salary and percentage salary changes to eliminate distortions caused by extremes at the high and low ends of the responses. Want more? Visit InformationWeek ReportsInformationWeek Reports © 2014 Property of UBM Tech; All Rights Reserved