2014 IT Salary Survey: Banking Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

2014 IT Salary Survey: Banking Research Findings

© 2014 Property of UBM Tech; All Rights Reserved

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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.

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Executive Summary

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Median salary: Bank IT staff vs. managers


Median compensation: Bank IT staff vs. managers


Base salary changes: Bank IT staff vs. managers


Compensation changes: Bank IT staff vs. managers


Base salary: Male vs. female


Compensation: Male vs. female


Salary based on company revenue


Base salary increases over the years


Bonuses are the norm


Performance drives bonuses


Non-IT experience: Staff vs. management


Prior jobs: Staff vs. management


Non-IT responsibilities: Staff vs. management


Staff non-IT duties


Management non-IT duties


Key skills: Staff vs. management


Highest average salary in the northeast


Regional salary changes


Perks: 401(k) match, health insurance


Wanted: tech-specific training


Most get company-paid training


Staff, management pay for training


Staff: Base pay is most important


Management: Base pay is most important


Base pay, stability most valued


18-19 years in IT profession


7 years at present company


Loyalty: Most do not job hop


Total compensation satisfaction: Staff vs. management


Total compensation satisfaction over time: Staff


Total compensation satisfaction over time: Management


Overall job satisfaction: Staff vs. management


Job satisfaction over time: Staff


Job satisfaction over time: Management


Intellectual challenges: Staff vs. management


Job security: Staff vs. management


Job security over the years: Staff


Job security over the years: Management


IT as a career path: Staff vs. management


IT career path trend: Staff


IT career path trend: Management


Security of an IT career vs. others


Biggest event in last year: Raises


Most employers outsource some IT jobs


Outsourcing hits job availability, morale


Outsourcing affects few personally


Most aren’t looking for a new job


Those looking cite more money


Job satisfaction is important


Highest degree: Bachelor’s


Surveyed gender: Men outnumber women


Management trends older


Most have revenue over $100 million


About half have fewer than 5,000 employees


Research SynopsisSurvey 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, email 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 2014.

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.

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2014 IT Salary Survey: Banking Research Findings © 2014 Property of UBM Tech; All Rights Reserved.

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