London perm salaries

[LondonPM1]

If you want to earn in Investment banking you need to be a specialist in backend high performance low latency systems.

eg.

C++ Developer - Low Level Code/Quant Trading Platform - City of London - September-11-2020 (IV4db)

Java eFX Developer - London - September-08-2020 (IUSZu)

This is a specialised part of the market that was always well paid and will continue to be so.

Low latency is always valuable but you need a really deep understanding of the language operating syste. Concurrency deadlockimg etc. Not so easy.

[BlasterBates]

I’ll also add that 22 year old graduates got paid 38k a year as starting salary plus a 10% bonus and three months classroom training in New York all paid for as part of the graduate hiring scheme back in 2004. I know Goldman’s Nomura and Morgan Stanley did these

Those days are clearly over.

Glass door is not bad but hearing first hand from others and recruiters is the only way to know what your c# java multi threaded background would be worth

The best way to earn in a bank is to take an average paid job and earn through trading on the recommendations from the free access to the Corporate Client Equity Research portal.

[Old Greg]

Complete nonsense - I imagine many people have investments and passive income

The fact of the matter is that the new normal is perm work and contracting is over - My point is to show that perm salary is not great

If I am mistaken with the figures that is where your kind contribution would be useful

If my figures are correct you should be alarmed that more people wont up sticks and leave the UK

Then **** off to permieuk.com .

[BR14]

Then **** off to permieuk.com .

trolling the professional forums? tsk tsk.

[TheDogsNads]

[heyya99]

I was on 650 finance contract. Now permie for 120, finance.

[NotAllThere]

I am showing you that from a 100K salary you are not going to earn much IF you also have some modest passive income.

75K is not a modest passive income. If you are on a decent passive income, your marginal rate becomes quite high in the UK.

Tell us something we don't know. You don't like UK tax law, don't live in the UK. Be glad you have the choice, instead of whining about it here.

trolling the professional forums? tsk tsk.

That's been fixed at least.

Just saw this and thought it appropriate.

[LondonPM1]

I was on 650 finance contract. Now permie for 120, finance.

Thanks very much - This is helpful - Are you happy being perm and is take home better or worse for you in your circumstances

[WTFH]

NAT, if you earn £100k a year, and pay it all to your grandmother who has dementia, and you have power of attorney over her affairs, then you can take all the money yourself and pay no tax on it. Don't you understand?

[Paralytic]

NAT, if you earn £100k a year, and pay it all to your grandmother who has dementia, and you have power of attorney over her affairs, then you can take all the money yourself and pay no tax on it. Don't you understand?

And if your own grandmother does does not have dementia, you can advertise for someone who does. You can then pay that person a salary for the management of that payment to their grandmother, and make sure you set up a joint bank account with that person too, for quick and easy access to those funds.