The Breakdown - Harrington Starr

The Breakdown

Financial Technology 2016 Salary & Rate Report

Contents 3

Infrastructure and Networking 2016 Salary Survey

4

Compliance 2016 Salary Survey

5

Change and Professional Services 2016 Salary Survey

6

Quantitative Trading Salary Trends

7

Permanent Testing Market 2016

8

Permanent C#/.Net Market

9

Permanent Web/Front End Development

10

Permanent Java Development

11

Permanent Application Support Salary Trends

12

2016 Contract Rates for London’s FinTech Market

13

The 2016 FinTech Sales Market

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Contact Harrington Starr

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The Breakdown

Infrastructure and Networking 2016 Salary Survey Windows Cloud

Cloud Engineer £65k Cloud Architect £75k - £90k

1st Line up to £30k 2nd Line £35k 2nd/3rd £45k System Engineer £50k - £60k Service Desk Manager up to £50k Desktop Support Manager up to £60k Infrastructure Manager £80k - £100k

Network Engineer Junior up to £40k Middle £50k - £60k Senior £65k - £80k Manager £85k - £90k

Security DevOps

Junior £45k Mid £60k Senior £70k - £90k

Junior £45k Mid 60k Senior up to £85k Info Sec Manager £85k - £100k

Linux

1st Line £35k 2nd Line £40k - £45k Systems Engineer/Systems Admin £55k - £65k Senior Sys Admin £80k - £90k

W W W . H A R R I N G T O N S TA R R . C O M T: +0044 203 587 7007

E: [email protected]

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The Breakdown

Compliance 2016 Salary Survey

AML/KYC Officer or Analyst £35k - £60k Compliance Officer £50k - £70k Senior Compliance £70k - £85k Head of Compliance/ CF Function £90k - £130k Chief Compliance Officer £110k+



4

The Breakdown

Change and Professional Services 2016 Salary Survey BUY SIDE/ COMMODITIES HOUSE

VENDOR

CONSULTANCY

EXCHANGE/ BROKERAGE

SELL SIDE

business analyst

BUY SIDE/ COMMODITIES HOUSE

VENDOR

CONSULTANCY

EXCHANGE/ BROKERAGE

SELL SIDE

Junior

£55k - £65k

£45k - £55k

•

•

•

Project manager

Junior

£40k - £50k

£40k - £50

•

•

£50k - £65k

Mid

£65k - £75k

£55k - £70k

£60-k - £70k

£65k - £85k

£60k - £80k

Mid

£50k - £75k

£50k - £70

£60k - £75k

£55k - £65k

£65k - £85k

Senior

£75k - £100k

£70k - £100k

£70k - £100k

£85k - £95k

£80k - £100k

Senior/Lead

75k - £95k

£70k - £85

£75k - £90k

£65k - £80k

£85k - £95k

Head

£100k+

•

•

•

£120k+

£80k - £120k

£90k+

£110k+

£100k+

£120k+

15%

10-30%

10-20%

10-25%

10-50%

Head

Bonus

£100k+

•

•

£80k+

£95k+

15%

10-30%

10-20%

10-25%

10-50%

Programme Manager

Bonus

VENDOR

VENDOR implementation Consultant

product manager Mid

£65k - £80k

Junior

£40k - £55k

Senior

£80k - £100k

Mid

£55k - £65k £65k - £90k

Senior Strategic Product Manager/owner

£100k+

Senior/Lead/Manager

Bonus

10-30%

Bonus

VENDOR

VENDOR professional services

Business Area Product Manager Senior

10-30%

Head

£100k - £120k

Senior Strategic Product Manager/owner

£120k+

Bonus

10-30%

Bonus



£120k - £170k 10-30%

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The Breakdown

Quantitative Trading Salary Trends Researchers/Traders with 1-3 years experience Investment Banking £65k - £90k Mid Tier Hedge Fund/Proprietary Trading Firm £70k - £100k Top Tier Hedge Fund/Proprietary Trading Firm £80k - £120k

Masters or PhD Quant straight out of University

Traders generating PnL/Portfolio Managers

Data Science/Vendor Position £40k - £50k

Investment Banking £120k - £200k

Investment Banking Role £60k - £65k

Mid Tier Hedge Fund/Proprietary Trading Firm £80k - £120k

Mid Tier Hedge Fund/Proprietary Trading Firm £55k - £70k

Top Tier Hedge Fund/Proprietary Trading Firm £100k - £150k

Top Tier Hedge Fund/Proprietary Trading Firm £65k - £80k For experience Traders/Portfolio Managers there tends to be a big shift in the proportions of base salary and bonus versus

For anyone with a degree or PhD in a mathematics, scientific or quantitative subject this continue to be a well trodden path to

Investment banks as professionals get more Senior. In a big contrast to earlier in their careers, Investment Banks will start to pay dramatically more on their base salaries versus Hedge Funds/ Proprietary Trading firms who will start to pay more on the bonuses.

head down however the competition is incredibly fierce and the real top roles are very hard to come by. A number of people apply and few are able to secure positions. There is a higher acceptance rate amongst Data Science, Vendor and Investment Banking positions but the work/salary is as lucrative as the buy-side.



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The Breakdown

Permanent Testing Market 2016 QA Automation Engineer

Manual Test Analyst

Junior to Mid-Level £35k - £45k

Junior to Mid-Level £25k - £30k

Mid-Level to Senior £45k - £55k

Mid-Level to Senior £30k - £40k

Senior to Lead/Head Of £55k - £65k+

Senior to Lead/Head Of £40k - £50k

Technical Test Analyst/Developer In Test Junior to Mid-Level £50k - £60k

MQA Test Analyst Manual/Automation

Mid-Level to Senior £60k - £70k Senior to Lead/Head Of £75k+

Junior to Mid-Level £30k - £40k Mid-Level to Senior £40k - £50k Senior to Lead/Head Of £50k+

QA/Test Manager Junior to Mid-Level £65k - £75k Mid-Level to Senior £75k - £90k Senior to Lead/Head Of £100k+



7

The Breakdown

Permanent C#/.Net Market C# .Net Developer Buy Side/ Commodities House £35k - £50k £45k - £65k £60k - £100k

Exchange/ Brokerage £35k - £55k £45k - £65k £65k - £100k

SQL Developer

Vendor £22k - £33k £40k - £45k £70k - £85k

Sell Side £40k - £45k £50k - £65k £65k - £100k

Junior Mid Senior/Lead

Buy Side/ Commodities House £30k - £40k £45k - £55k £60k - £90k

Vendor £20k - £33k £33k - £45k £45k - £60k

Junior Mid Senior/Lead

Exchange/ Brokerage • £40k - £50k £50k - £70k

Sell Side £40k - £45k £45k - £60k £60k - £80k



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START UP’S SPA

ReactJS

The Breakdown

Backbone

Permanent Web/Front End Development

VENDOR

jQuery

HEDGE FUNDS

Redux

Front End Developer

A

Junior £25k - £35k

MEAN Stack Developer

Mid-Level £35k - £55k Senior/Lead £55k - £70k Head of £65k - £80k+

Up to £60k

UX

JavaScript Developer £50k - £65k

MEAN Stack

UI Engineer JavaScript

£40k - £50k

AngularJS

Important to note – these salaries can fluctuate dependent on the technology stack of each individual. At present, Developers who have commercial experience using ReactJS, AngularJS, JavaScript libraries and the MEAN Stack tend to reach the higher figures in these bands.

UI

EXCHANGE

CSS3

INVESTMENT MANAGEMENT MVC

HTML5

Ember



Bootstrap

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The Breakdown

HIBERNATE

OBJECT ORIENTATED

Permanent Java Development

Multithreading

Front Office Mid-Level £50k - £75k

TDD

Senior/Lead £75k - £95k Architect £65k - £100k+

J2SE

Vendor Junior £30k - £40k

Exchange/ Brokerage

Mid-Level £50k - £70k


Senior/Lead £70k - £85k

Senior/Lead £65k - £80k

Senior with experience outside of finance £50k - £65k

Back Office/ Settlements Junior £30k - £40k

Architect £80k+

Concurrency

Senior with experience outside of finance £45k - £55k


AGILE

Senior/Lead £75k - £95k Architect £65k - £100k+ Senior with experience outside of finance £50k - £65k

SPRING

J2EE



REST

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The Breakdown

Permanent Application Support Salary Trends Sell-Side Application Support Analyst Financial vendor Application Support Analyst Junior £40k - £50k

Junior £30k - £35k Mid-Level £35k - £50k Senior £50k - £65k Manager £65k - £95k

Mid-Level £50k - £60k Senior £70k - £80k Manager £80k+

Buy-Side Application Support Analyst Junior £55k - £65k Mid-Level £65k - £75k

Exchange/brokerage Application Support Analyst

Senior £75k - £95k Manager £95k+

Junior £35k - £40k Mid-Level £40k - £55k Senior £55k - £75k Manager £75k+



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The Breakdown

2016 Contract Rates for London’s FinTech Market Buy side average £488 - £623 per day Vendor/Start-up average £404 - £536 per day BUY SIDE

SELL SIDE

VENDORS/ START-UPS

ENERGY TRADING

C#.NET

£500 - £700

£550 - £800

£400 - £500

£550 - £700

C++/Java

£500 - £550

£550 - £900

£400 - £500

£550 - £700

Front End Technologies

£550 - £600

£500 - £750

£350 - £450

£450 - £650

Testing

£450 - £550

£550 - £750

£350 - £500

£500 - £650

App Support

£450 - £650

£400 - £500

£400 - £500

£350 - £500

FIX Consultant

£450 - £550

£500 - £650

£450 - £600

£450 - £550

Infrastructure

£350 - £500

Specialism dependant

£250 - £400

£400 - £500

Networking

£400 - £550

£500 - £600

£250 - £400

£400 - £500

Security

£450 - £600

£500 - £700

£400 - £550

£550 - £650

PM

£550 - £700

£600 - £800

£450 - £600

£600 - £700

BA

£550 - £700

£500 - £700

£400 - £500

£500 - £850

Senior Programme Managers

£600 - £800 £750 - £1,000 £550 - £750

£700 - £900

Risk Consultant

£550 - £650

£600 - £800

£500 – £600

£550 – £750

Commodity BAs

•

£600 - £700

£500 - £650

£500 - £800

Development

support

change

energy trading average £503 - £667 per day T: +0044 203 587 7007


W W W. H A R R I N G T O N S TA R R . C O M

Sell side average £546 - £742 per day

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The Breakdown

The 2016 FinTech Sales Market s o f t w a r e Junior Sales Graduate sales – £25 - £28k

(6-18 months experience)

Sales executive (2-5 years)

–

–

SALARY

SALARY

£28 - £35k

£40 - £70k

OTE

OTE

£35 - £45k

£80 - £120k

£100 - £130k

OTE

£200 - £300K

Senior Sales

Sales Manager

(10 years’ experience)

Managed a team of 10 persons, revenue £40m approx.

OTE

£130 - £180k (uncapped)

£150 - £180k

Senior Sales Exec

Sales Manager

Head of Sales

–

–

–

$75 - $115k

OTE

£180 – £250k

s a l e s Junior Sales – £40 - £60k

£60 - £80k + Bonus

–

OTE

£130 - £150k

£75 - £90k

–

$63 - $85k

OTE

– SALARY

SALARY

(1 – 3 years)

SALARY

£80 - £120k

(15+ years)

SALARY

(0 – 2 years)

$58 - $75k

SALARY

–

Sales Director (management)

Pre Sales –

Sales Exec

SALARY

SALARY

(6-15 years)

(2-6 years’ experience)

Junior Sales

$45 - $55k

Sales Manager

OTE

£70-100k

u s Graduate Sales

Pre-sales – £70 - £90k

n e t w o r k

50% of companies offer a car allowance @ c£5k/year

s a l e s

(3 – 6 years)

SALARY

$80 - $100k OTE

$160 - $200k

SALARY OTE

– SALARY

£90-110k OTE

s a l e s

(6 – 9 years)

(9 – 12 years)

SALARY

SALARY

$100 - $120k

$110 - $150k

OTE

$200 - $240k


–


OTE

$220 - $300k

(12 – 17 years)

– SALARY

$150 - $200k OTE

$300 - $400k

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Imagine if you had a Recruitment partner whose purpose was to help you grow. Imagine if you had a Recruitment partner that believed better people made by better clients, better candidates and better people. Imagine if you had a Recruitment partner that cared as much about putting the right people into the right businesses, as they did about investing back into the community they belonged. You can!

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Harrington Starr. Your Success, Our Business. In 2010 we launched Harrington Starr and over the past five years we have become the Global Leaders in Financial Services and Commodities Technology recruitment, insight, events & consultancy. Delivering high quality opportunities for professionals on a permanent, retained, contract, and interim basis, to over 500 partners within the sector.

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