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Old 12.05.2020, 15:36
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Are these rates correct for IT jobs at Credit Suisse?

Are these rates correct for IT jobs at Credit Suisse? Assuming you are a valuable contributor and not an intern or similar.

DIR 200.000chf (20y+ experience)
VP 150.000chf (Lead Senior Dev 10y+ experience)
AVP 120.000chf (Senior Dev 5-10y experience)



Other payment band data in IT is very appreciated.
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Old 12.05.2020, 15:43
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Re: Are these rates correct for IT jobs at Credit Suisse?

Not sure about the values but most US-inspired job structures have VP above Director level and therefore those seem odd (swapped?) .
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Old 12.05.2020, 15:56
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Re: Are these rates correct for IT jobs at Credit Suisse?

God your tiresome, is money and remuneration all you can think about ?
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Old 12.05.2020, 16:39
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Re: Are these rates correct for IT jobs at Credit Suisse?

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Not sure about the values but most US-inspired job structures have VP above Director level and therefore those seem odd (swapped?) .

No, in Switzerland there are two kind of sructures in place


CS style: Associate, AVP, VP, Director, Managing Director
UBS style: Associate Manager (AM), Associate Director, Director, Executive Director, Managing Director
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Old 12.05.2020, 16:40
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Re: Are these rates correct for IT jobs at Credit Suisse?

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God your tiresome, is money and remuneration all you can think about ?
I also like E-bikes So i'm trying to save up for one. Let me know what you "do" want to hear about and not what you "do not" want to hear about.
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Old 12.05.2020, 16:44
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Re: Are these rates correct for IT jobs at Credit Suisse?

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No, in Switzerland there are two kind of structures in place


CS style: Associate, AVP, VP, Director, Managing Director
UBS style: Associate Manager (AM), Associate Director, Director, Executive Director, Managing Director
Do you think the above numbers are right? I'm about to consider permanent position but i'm not sure if it's worth it over contracting. So far it only seems to be worth it to be permanent of bigtech(FAANG) if you have several contract offers.
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Old 12.05.2020, 16:47
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Re: Are these rates correct for IT jobs at Credit Suisse?

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Do you think the above numbers are right? I'm about to consider permanent position but i'm not sure if it's worth it over contracting. So far it only seems to be worth it to be permanent of bigtech(FAANG) if you have several contract offers.
There is a recession coming. Contractors are first to go when the belts get tightened.
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Old 12.05.2020, 16:49
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Re: Are these rates correct for IT jobs at Credit Suisse?

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Not sure about the values but most US-inspired job structures have VP above Director level and therefore those seem odd (swapped?) .
This should be right. Directors a usually very highlevel budget planning, strategy, measure kpi's etc.
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Old 12.05.2020, 16:49
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Re: Are these rates correct for IT jobs at Credit Suisse?

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No, in Switzerland there are two kind of sructures in place


CS style: Associate, AVP, VP, Director, Managing Director
UBS style: Associate Manager (AM), Associate Director, Director, Executive Director, Managing Director
That is a new one on me. And last time I was there, the title did not count for much, it was the rank that counted.
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Old 12.05.2020, 17:19
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Re: Are these rates correct for IT jobs at Credit Suisse?

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That is a new one on me. And last time I was there, the title did not count for much, it was the rank that counted.
If by rank you mean something like job grade, then I can give a concrete example. You can have a Title "Assistant" but given a job grade D2 while a Consultant may only be an E2, with an equivalent lower salary. This particular grading system went from E0 (Temps/Interns/Apprentices) to A (Director) with P for Partners at the very top of the food chain. Additional differentiation was made with regard to whether you were client facing or not, whether or not you had a degree or "only" extensive work experience. Finally, it also depends on how equitably your superiors divide their budgets.
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Old 12.05.2020, 18:35
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Re: Are these rates correct for IT jobs at Credit Suisse?

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This should be right. Directors a usually very highlevel budget planning, strategy, measure kpi's etc.
Nope. The job title is if at all very loosely connected to the role. It’s a very rough indication of seniority and each level has a salary band. These bands might overlap, so a well paid VP might earn more than some fresh directors. So it’s important to understand that these rates are averages, not something written in stone.

PS: the years in your post are potentially averages as well. Some people make director faster than others and some simply never get that promotion at all.
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Old 13.05.2020, 01:20
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Re: Are these rates correct for IT jobs at Credit Suisse?

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That is a new one on me. And last time I was there, the title did not count for much, it was the rank that counted.
No wonder, they work AM only.
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Old 13.05.2020, 08:55
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Re: Are these rates correct for IT jobs at Credit Suisse?

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No, in Switzerland there are two kind of sructures in place


CS style: Associate, AVP, VP, Director, Managing Director
UBS style: Associate Manager (AM), Associate Director, Director, Executive Director, Managing Director
More like Switzerland banking - not like that in other sectors.
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Old 13.05.2020, 09:14
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Re: Are these rates correct for IT jobs at Credit Suisse?

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There is a recession coming. Contractors are first to go when the belts get tightened.
Not always. If a company reacts by cutting headcount, contractors are kept on as the work still needs to be done. I've survived a few projects where permanent workers were culled.
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Old 13.05.2020, 09:36
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Re: Are these rates correct for IT jobs at Credit Suisse?

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God your tiresome, is money and remuneration all you can think about ?
In a world where it doesn't matter who you are but how fat is your account? Yeah, I can be very understanding of this attitude.

Also, I don't see anything wrong in trying to earn as much as possible when you're young and to make savings for the future.
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Old 13.05.2020, 10:32
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Re: Are these rates correct for IT jobs at Credit Suisse?

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More like banking - not like that in other sectors.
Fixed that for you
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Old 13.05.2020, 10:36
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Re: Are these rates correct for IT jobs at Credit Suisse?

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In a world where it doesn't matter who you are but how fat is your account? Yeah, I can be very understanding of this attitude.

Also, I don't see anything wrong in trying to earn as much as possible when you're young and to make savings for the future.

I fully agree with you, but every post he makes is about this and where he can get absolute maximum, lets face it, if he was so shit hot, then these questions wouldn't need to be continually asked !!


You need enough $$ to live and maybe a bit more for a spot of cream on the spinach, but there is more to life than just a maximum amount of $$$. Even earning the maximum amount of $$ you still need to know how to spend sensibly and enjoy life !
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Old 13.05.2020, 10:45
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Re: Are these rates correct for IT jobs at Credit Suisse?

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Not always. If a company reacts by cutting headcount, contractors are kept on as the work still needs to be done. I've survived a few projects where permanent workers were culled.
Permanent employees are fixed costs so getting rid of them looks like a money saving measure, they then employ contractors to do the jobs on an as and when basis.
I’ve seen that happen in lots of places.
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Old 13.05.2020, 15:19
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Re: Are these rates correct for IT jobs at Credit Suisse?

These rates seem about right to me for financial services.
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Old 13.05.2020, 16:18
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Re: Are these rates correct for IT jobs at Credit Suisse?

Numbers look ok but only if you add the bonus in it. Deduce them by 3-7k to get the annual salary depending on the position.
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