On: Citigroup plans to hire 4k tech staff

[bambataa]

That’s a very good VP level UK salary, at least compared to JPM.

However, I wouldn’t go back to an IB if I could avoid it. Fundamentally tech is just a cost centre and they have very top-down corporate cultures. Everything is intensely political.

[shamiln → bambataa]

I’d posit that most VPs and some EDs at JPM aren’t on that salary.

Looking at the data, that salary is a massive outlier, and I know SVP salaries at Citi aren’t at 190 for technologists.

[jackhiggs → shamiln]

It's total comp. So salary plus bonus. It's high but I've seen higher at JPM in terms of total comp at VP level. If we're talking pure salary then yes £190k is base for a seasoned ED.

[shamiln → jackhiggs]

I guess I'm severely underpaid then....

[bambataa → shamiln]

I know that JPM are trying to compete with the likes of Citadel, so perhaps IBs are increasing their offers for new tech people.