Re:Citigroup plans to hire 4k tech staff
by spacejogger on Tuesday June 07, 2022 @02:38AM
(#31650593)
That is a great salary for the UK - did you apply for a UK role, or did you apply for a US role working remotely, and thus got a US-level salary? I'm at the executive director level at another bank and get paid only slightly more than that in the UK - looks like I need to start interviewing.
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Re:Citigroup plans to hire 4k tech staff
by MafellUser on Tuesday June 07, 2022 @08:35AM
(#31653275)
What's crazy is just a few years ago that TC was only available for IBD. Even if the trajectory is only down after the 1st year bonus, you can hop off after the paycheck. Now that money can only be found in tech.
200k is roughly ICT4 at Apple Ldn which is like 10 years of experience. GP definitely an outlier. Maybe their profile fits a narrative that the bank is pushing.
TC, IBD, ICT4, Ldn, GP… I simply can’t parse this comment.
Tc = total compensation (salary, bonus, stock, benefits)
Ibd = investment banking division
Ict4 = more commonly IC, individual contributor level 4. Not a manager.
Ldn = London I think
Gp = grandparent poster (comment 2 levels above the referenced comment)
I'm fairly sure that's total comp - so with a 1st year bonus guarantee. After that first comp cycle, we all know which way the bonus will go...And then you're fighting the rest of the team for that 2-5% merit budget.
If that's just salary - I have no idea what Citi are doing, it's way out of market.