Finance Internship Benefits when getting a full-time offer?

oldfort
Tue, 02 Feb 2010 15:03:26 +0000

I manage few front office IT groups at a Ibank. We (IT) support front office, we are NOT the front office. First year salary at those technology firms maybe higher, but what’s their growth? A technologist at a bank may have a lower base salary, but they get a bonus, and senior programmers/managers do get multiple of their base for bonus. Most banks do long term development off shore (India or China). People on shore are project managers, BA, and front office application support. On shore developers are their top guns, people they feel they need to have around to be able to turn things around very quickly. Those top programmers usually support high revenue generating front office business. IB uses very little IT support (they are quite happy with their Excel and VB), it’s S&T that hire high calibre programmers. Some trading desks even have their own programmers working for them directly.