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Old 16.08.2019, 12:14
arz arz is offline
Join Date: Sep 2016
Location: Zurich Witikon
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Re: Salary bands for IT at Banks

CHF 720 pd sounds like a junior developer or L2 support. Senior IT consultants at engineer level easily get 850 and sometimes negotiate over 900. This would make up to 210 K per year, but only if you have no gaps between contracts.
If the gaps are short (3-4 months), you can survive on RAV coverage, but year income drops of course.
For a permie in the big banks, you'll be offered CHF 130k pa in best case.
Besides, keep in mind that going from a senior contractor to permie is easy, but going back to contracting or getting another permie job after 4-5 year in one environment only will be nearly impossible.
I personally think that contracting in IT provides a lot more job security than a perm job, and anyone telling you the opposite is, hmmm, not quite informed.
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