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4 Trends in Banking IT Employment

Things are looking up for banking IT professionals -- with a few qualifications -- according to the results of the 2014 InformationWeek Analytics Salary Survey.
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1. Banking IT Salaries: Strong and Growing

Overall, the median base salary for banking IT staff in 2014 increased approximately 4.8% over 2013 levels, according to the 2014 InformationWeek Analytics Salary Survey. Median base salaries for banking IT managers remained constant since 2013 at $120,000. Total compensation -- including bonuses and other direct cash payments received over the past 12 months -- rose for both groups. For staff, the median comprehensive compensation jumped 3 percent from 2013 to $104,000 while managers’ median total compensation jumped 4.2 percent to $140,000 from last year.

 

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

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KBurger
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KBurger,
User Rank: Strategist
7/8/2014 | 8:51:28 PM
IT Jobs Are Changing
I would imagine that one of the reasons for a relatively high level of job satisfaction has to do with the changing nature of banking IT. It's less about development, processing, maintenance and more about digital, engagement, collaboration, etc. Plus, IT really is  integrated into all areas of the business (or at least more than it was even 5 years ago). The shift to buy from build and implementation of agile methodologies also mean fewer loooong projects, so more variety and mix of responsibilities.
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