[21] risk quant salary ] SG ibank

My friend in BNP said VP is probably SGD 150k (including bonus, not base), but he is not VP yet.

His department is custodian or prime broker serving mutual funds. The fixed income quant role includes performance analysis, risk analysis on the client’s bond portfolio.

[21] medical researcher salary ] Philly

• https://www.salary.com/tools/salary-calculator/medical-research-scientist?type=bonus&view=table shows median $96k (same figure with or without bonus, so something incorrect)
• https://collegegrad.com/careers/medical-scientists shows median $89k  (not sure with or without bonus)
• https://www.payscale.com/research/US/Job=Medical_Scientist/Salary shows average $82k base salary. Note PayScale.com always shows lower figures than other sites.

Why the difference? Source data are definitely different, and bonus may/not be counted, but notice median vs average.  Average is typically Higher than median for wealth data, because the high outliers have a huge impact on the average. However, in this case the average is lower !

What’s your field observation of their salary? I guess below 100k is indeed much lower than software engineers. I always thought medical research requires high education and very much white-collar. Now I think the education and training requirement is much shorter compared to physicians who manage patients rather than data about humans. Therefore, the supply of qualified researchers is much higher than I assumed.

I think general practitioners make USD 150k typically.

I always believe that we software engineers are fairly well paid in the U.S. context. Your pointer just confirmed my belief.

— CSY confirmed
Many Chinese in the Philadelphia area work as medical researchers. The job sounds good but I know they are not being paid well.

[21] govtech dev salary guesstimate

Kenneth See, our intern, estimated 5k-7k for a senior dev, but not a team lead.

##eg@ MainSt IT salary: SGD 5k

Multiple blogposts should refer to this blogpost

— 2021 Tanko: 5-10k. Team manager makes 10k.
— 2020 HaiFeng
Years ago HaiFeng’s senior at NCS was around 35 (based on HF’s calculation), earning $5k. Now in 2020 this guy is around my age, earning 6k in some main street (healthcare?) sector.

Therefore, HaiFeng felt that within the broader IT job market, the specific sub-sector is crucial.

— 2020 Raymond’s job search: up to 8k
— 2015 my own job hunting experience: Software engineer salary doesn’t rise faster than inflation.
— hardware engineers —

• many mid-level engineers earn up to SGD 5k in their 30’s, such as Integrated Circuit designers.
• Canon — My 2012 OC intern from a polytechnic said his dad, engineering team lead in a Japanese electronics giant (Canon?), only earned $5k.

[18] Dallas typical salary: senior dev

Contract $75/hour take-home, pre-tax income, without benefits is considered “very good”.

Perm $120k-130k is considered “very good”.

Perm 110k-120k is typical.

Today I heard these numbers from a java developer friend (my age) who has worked in U.S. (always Texas) since 2007. Is that consistent with what you see?

I used to hear that senior developers (perm) earn 75k to 90k in most states except tristate and California. Now I think 110k-120k is the market rate.

Why the increase? I was told technology jobs are moving to Dallas and Austin, and there’s skill shortage

London salary figures

In non-finance, my friend Deepak earned a £40/h. He then converted to perm at £44k.

In finance, Deepak’s friend was earning £400/day

 

 

trading architect salary in SG: can look attractive

• avp role in oc can pay sgd 160k total. Not sure this is typical or on the higher side.
• 2019 VP roles can earn base of sgd 200k (tech not mgmt role) but I would say very rare. However, it also shows SG banks are forced or enticed to pay such prices for tech talent
• —2011 observations:
• some hands-on roles can pay SGD180-200k base, which is higher than a lot of hands-off mgr roles, but generally, the salary band is higher for hands-off mgr than hands-on non-manager roles.
• In rare cases, hands-on roles can pay SGD300k. It’s like a USD400k hands-on role in West coast or HFT. Don’t care about those numbers since you aren’t an alpha geek
• Senior dev roles are rather rare in SG, perhaps 2% of NY’s volume, so architect roles are even rarer. If I lose my job I am not confident I could find another one quickly. In fact, I tried 3 times — 2011-2012, 2013-2014 and 2015 but couldn’t find anything beyond 160k.
• most high-end hands-on roles are 50% hands-on architect roles. Banks see more justification to pay higher for such roles (with the architect responsibility). If you want to remain hands-on, then consider a transition into this. My numerous interviews this week confirmed this assumption.

It’s not enough to remain a senior developer. Dive into the OS/network layers, distributed cache, socket programming, java GC, .. so that we can take part in wider technical discussions and offer some amount of insight beyond the average developers.

salary bands in Barcap

Depends on the team. For example, Barcap IT teams have lower bonus 0 – 10%

In the front office team of CSDoctor,

VP is 140k – 180k + bonus 6-12M

Dir is 180k – 230k

MD is 300k – 400k (hearsay)

Web2.0 tech firm salary figures#realistic

2009 (When CSDoctor applied) Amazon could pay 120k base + about 50k stock grant.

2017, CSDoctor estimate Google can pay 150k up to 200k base + some stock grant + up to 15% performance bonus. I feel they may not need to pay that much to attract many young graduates. I’m unlikely to rise up among them.

HFT salary figures ] Sg: limited premium

• [US] Jump could pay up to S$200k base
• [UK] Mako probably S$150k base
• [UK] SquarePoint? My friend is a team lead probably since 2015. He interviewed many experienced candidates. He felt they much prefer freshers and have very few openings for seniors. When I mentioned 200k he said up to 170k, typically 150-170k.
  • He said banks can pay Higher(!) than some HFT in Singapore, perhaps because he was paid SCB.
  • He then pointed out that non-finance companies can often pay more, such as BP, Expedia and Grab.