State of the Market

[jatinder]

It’s even better then that. 200k plus bonus plus benefits!!! So a 300k package. This is clearly a spoof

Not necessarily...I interviewed for a developer role in London earlier this year. I didn't get it (as I must be crap at writing code ;-), however a developer was offered the role at £200K + 40% guaranteed bonus for a year.

He turned it down to work elsewhere...and as far as I know the hirer is still looking...

--Jatinder

[NowPermOutsideUK]

Not necessarily...I interviewed for a developer role in London earlier this year. I didn't get it (as I must be crap at writing code ;-), however a developer was offered the role at £200K + 40% guaranteed bonus for a year.

He turned it down to work elsewhere...and as far as I know the hirer is still looking...

--Jatinder

And would you like to share what this person was doing? Scrum master for 200K plus benefits or something else ?

[Lance]

Not necessarily...I interviewed for a developer role in London earlier this year. I didn't get it (as I must be crap at writing code ;-), however a developer was offered the role at £200K + 40% guaranteed bonus for a year.

He turned it down to work elsewhere...and as far as I know the hirer is still looking...

--Jatinder

I don't believe you.... Not even a COBOL dev who knows the banks software is gonna get £200k as a permie. £1k a day as contractor maybe.
And a guaranteed bonus is a lie as well. If it was guaranteed it would be £280k salary

[eek]

I don't believe you.... Not even a COBOL dev who knows the banks software is gonna get £200k as a permie. £1k a day as contractor maybe.
And a guaranteed bonus is a lie as well. If it was guaranteed it would be £280k salary

The bonus is 1 year, as salary it would continue into year 2 onward.

MS, Facebook, AWS and Google would all be able to pay that in London were you good enough.

[Fraidycat]

First guess was it is a hedge fund paying 200K + Bonus.

Looking at the job advert i guessed right.

Some of these hedge funds are drowning in money.

They can afford to pay top contract rates to permies as salaries.

[rocktronAMP]

First guess was it is hedge fund paying 200K + Bonus.

Looking at the job advert i guessed right.

Some of these hedge funds are drowning in money.

They can afford to pay top contracts rates to permies as salaries.

And you would need domain knowledge to compete, wouldn't you?
So throw in technical trading knowledge about Bloomberg or Reuters API and the rest of it. In other words, if you have no idea about OTC derivatives trades or what not then do not apply.

[jatinder]

The role was to help develop and roll-out a new low-latency trading platform for a US investment bank (vampire squid). They wanted a developer to do the required modifications for the EU (the platform was developed in the US) and to additionally help sell it to the EU teams.

--Jatinder

[quackhandle]

I go back to previous client until Xmas and the bloody market picks up.

Typical.

qh

[Katalyst]

It’s even better then that. 200k plus bonus plus benefits!!! So a 300k package. This is clearly a spoof

I know a guy who makes 150K as a dev at a little-known hedge fund in London. His annual bonus is triple his salary. The thing with these places is that devs aren't seen as a cost like you see with the big banks. They see good devs as a competitive advantage. Paying someone 500-800K a year is a drop in the bucket if they can generate 10+ million in profits for them.

[coolhandluke]

Hunter Bond and Noir are two of the worse agents for posting fake jobs.