May 19, 2014
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. (R7860514BS)
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, 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.