Wall Street IT Salary Survey: Tech Pros Look For More
IT salaries are on the rise in financial services, but workers are also looking for flexibility, training, and job stability.
More than five years since the beginning of the 2008 financial crisis, the securities industry is starting to see some growth in IT salaries and demand for highly skilled workers. No one expects IT hiring to reach pre-crisis staffing levels anytime soon. That's because banks are running more efficient technology organizations than they have in decades.
However, the market for IT talent is strong and growing, according to 1,254 banking and securities IT professionals who participated in the InformationWeek 2014 US IT Salary Survey: Banking and Securities. Most in demand: people with skills and experience in the key areas of data security, data management, and analytics, as well as social media, cloud, and mobile app development.
Finding data scientists and analytics experts is daunting, industry technology leaders have told Wall Street & Technology. Not only do all financial firms want data experts, but companies in all verticals are searching for workers who can crunch data, develop mobile tools, and work on new cloud projects. In other words, competition for these skills is fierce.
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
InformationWeek Tech Digest, Nov. 10, 2014Just 30% of respondents to our new survey say their companies are very or extremely effective at identifying critical data and analyzing it to make decisions, down from 42% in 2013. What gives?