Originally Posted by Unregistered

The good thing is that this is changing. Banks are now hiring tech employees at record levels, and they're fighting hard against their competition, which gives an upward pressure on salaries. I was in banking tech not too long ago, and I saw no less than 4 new hires from FAANG (albeit at VP level and above). The competition between banks, and with Fintechs means that management is waking up their idea on treating tech as a cost centre.

It also makes a big difference which team you're in. If you're working on new modernisation projects, the skills you get are a lot more sellable. If you're mostly supporting BAU on legacy services, then it can be quite a dead end if you do it for long.