Barclays B5 AVP IT salary range

Originally Posted by Unregistered

The AVP salaries look low. From the discussion above, shouldn't Barcap AVPs be getting 10k a month? And with bonuses, it will definitely be above $130k-$140k right?

The problem with glassdoor is that usually only mediocre performers who are just hanging around will bother to register and post review, salaries etc. The high fliers and hot performers are constantly being head hunted and will just pick & choose which interview to go and negotiate aggressively if they are interested. I doubt they will bother to go through the whole process of registering just to post some reviews and upload their salary data.

From experience, the glassdoor salaries are usually lower than what is observed outside.

Originally Posted by fe@rfool

Anyone know what is the remuneration package like for Barclays B5 AVP for a person with 7 yrs of experience in managing IT projects?

Annual base? With or without AWS
Bonus?

Thanks

Assuming Barclays Technology Centre
expect 100 to 120 K per annum ,no aws
Bonus wise expect 4 months if you walk on water to 1 month for the average doer

[cslee]

Originally Posted by Unregistered

Assuming Barclays Technology Centre
expect 100 to 120 K per annum ,no aws
Bonus wise expect 4 months if you walk on water to 1 month for the average doer

Assuming this is correct, then glassdoor figure is quite close, which is the average figure. I remember the glassdoor range is something like $90K - $140K. Many reviews also mentioned that they dislike the 'hire-and-fire' culture that led to high staff turnover.

[Tracker]

Just to add two things,

A few post seem quite bonus centric but since 08 many non profit center roles in banking do not get bonus, I know Barclay's staff had hardly any bonus for 2012 (meaning really good staff had maybe 1 month?) and 2013 looks like no bonus either (apparently some big shot delivered a strong hint on a town hall that no bonus for 2013 for Barclay's global). So best to rule out bonus especially if you're coming fresh into the firm.

Also it seems a number of Barclay's Project Managers and IT related roles are staff hired from India or Philippines. I think a number of them are non local staff, I'm not familiar with Barclay's IT pay structure but would they not look to lower the salary of the staff if they were sourcing them from overseas locations?

Originally Posted by cslee

Taken from Glassdoor Singapore (Salaries in SGD)

Barclays Capital Salaries
1) IT Analyst, 24 Barclays Capital Salaries in Singapore (50 in Singapore) - $75,688
2) Assistant Vice President, 17 Barclays Capital Salaries in Singapore (140 in Singapore) - $99,088
3) Assistant Vice President, IT 15 Barclays Capital Salaries in Singapore (16 in Singapore)- $111,308
4) Barclays Global Investors Salaries, Software Engineer - $71,667

How authentic is this data? What date was it taken? Has anyone bothered to verify the accuracy of these figures? I guess one can hire a software engineer from India for less than 50k/annum. What is the funny number 99,088 per annum? Gosh...

Originally Posted by Rashmi

How authentic is this data? What date was it taken? Has anyone bothered to verify the accuracy of these figures? I guess one can hire a software engineer from India for less than 50k/annum. What is the funny number 99,088 per annum? Gosh...

Not any more authentic than any forum honestly. I mean all online data ultimately is just anoynomous users writing whatever number they want, nobody will ask for evidence like payslip or CPF contributions.

[cslee]

Originally Posted by Tracker

Just to add two things,

A few post seem quite bonus centric but since 08 many non profit center roles in banking do not get bonus, I know Barclay's staff had hardly any bonus for 2012 (meaning really good staff had maybe 1 month?) and 2013 looks like no bonus either (apparently some big shot delivered a strong hint on a town hall that no bonus for 2013 for Barclay's global). So best to rule out bonus especially if you're coming fresh into the firm.

Also it seems a number of Barclay's Project Managers and IT related roles are staff hired from India or Philippines. I think a number of them are non local staff, I'm not familiar with Barclay's IT pay structure but would they not look to lower the salary of the staff if they were sourcing them from overseas locations?

Once the classic cycle starts in the bank (e.g. FTs replacing expensive local talents), it's going to be a vicious cycle. Once the indians/pinoys start filling up the managerial positions, they are going to bring in more of their own kinds. We've to become humbler, cheaper and faster to compete. Brutal but have to face the new reality.

Originally Posted by cslee

Once the classic cycle starts in the bank (e.g. FTs replacing expensive local talents), it's going to be a vicious cycle. Once the indians/pinoys start filling up the managerial positions, they are going to bring in more of their own kinds. We've to become humbler, cheaper and faster to compete. Brutal but have to face the new reality.

You are assuming that only sinkies are active in this forum. My guess is that a good percentage reading this is likely to be the beloved cheaper, faster and supposedly better FTs who are trying to fish out the target renumeration :-)

Going back to the question on different payscales for different nationalities, dont think Barclays is a SMRT :-). As far as i know, if you are a perm employee, they will pay according to your experience and skillset and not based on your colour.In fact as i know, even the non singaporean perm staff gets the same maternity benefits as the locals (5 months!)

[cslee]

Originally Posted by Unregistered

As far as i know, if you are a perm employee, they will pay according to your experience and skillset and not based on your colour.In fact as i know, even the non singaporean perm staff gets the same maternity benefits as the locals (5 months!)

This statement is fair enough. The problem is unfair playing ground. I once posted a relatively junior IT position that attracted lots of pinoys/Indians and some locals.

Example:
Typical FT's CV = CCIE (advanced qualifications), MSc from some Indian Uni. Many years in MNCs or Wipro, multi-million dollar projects
Typical local's CV = CCNA (entry qualification), 1-2 years in small local firms, small project exp, local grad with no good honors.

On paper, the FT is far superior than local. But is it really true? We are too honest to compete against those who play flout. Why - too much at stake for locals if exposed in small island here. For non-local? at most pack bags go home, re-use tactics and try on next potential employers again next time - maybe europe or US.

[Tracker]

Originally Posted by cslee

Once the classic cycle starts in the bank (e.g. FTs replacing expensive local talents), it's going to be a vicious cycle. Once the indians/pinoys start filling up the managerial positions, they are going to bring in more of their own kinds. We've to become humbler, cheaper and faster to compete. Brutal but have to face the new reality.

Its inevitable, Barclays has been very late in the game actually. I have been helping banks outsource (by helping means no choice) since 05, major firms like UBS already outsource most of their IT and ops roles to vendors like Wipro.

Barclays has just started to move SG roles to India, the only good news is that some new roles are coming in. For how long its anyone guess.

To be honest we can almost never compete, the salaries there are so low we could get a grad for 400 USD and they are err decent (need training lah). Managers cost 700 USD. Not to mention the firm saves on rental etc, just have to find new ways to compete