Go Back   English Forum Switzerland > Help & tips > Employment  
Reply
 
Thread Tools Display Modes
  #1  
Old 12.05.2020, 16:36
Junior Member
 
Join Date: Jun 2018
Location: Zürich
Posts: 75
Groaned at 24 Times in 9 Posts
Thanked 15 Times in 11 Posts
timpeterson has become a little unpopulartimpeterson has become a little unpopular
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.
Reply With Quote
  #2  
Old 12.05.2020, 16:43
Member
 
Join Date: May 2012
Location: Basel
Posts: 148
Groaned at 2 Times in 1 Post
Thanked 124 Times in 68 Posts
jjake has no particular reputation at present
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?) .
Reply With Quote
  #3  
Old 12.05.2020, 16:56
Guest
 
Posts: n/a
Re: Are these rates correct for IT jobs at Credit Suisse?

God your tiresome, is money and remuneration all you can think about ?
Reply With Quote
The following 9 users would like to thank for this useful post:
  #4  
Old 12.05.2020, 17:39
Senior Member
 
Join Date: Feb 2016
Location: Zurich
Posts: 389
Groaned at 59 Times in 28 Posts
Thanked 254 Times in 140 Posts
Dandy is considered a nuisanceDandy is considered a nuisanceDandy is considered a nuisance
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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
Reply With Quote
This user would like to thank Dandy for this useful post:
  #5  
Old 12.05.2020, 17:40
Junior Member
 
Join Date: Jun 2018
Location: Zürich
Posts: 75
Groaned at 24 Times in 9 Posts
Thanked 15 Times in 11 Posts
timpeterson has become a little unpopulartimpeterson has become a little unpopular
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
This user would like to thank timpeterson for this useful post:
  #6  
Old 12.05.2020, 17:44
Junior Member
 
Join Date: Jun 2018
Location: Zürich
Posts: 75
Groaned at 24 Times in 9 Posts
Thanked 15 Times in 11 Posts
timpeterson has become a little unpopulartimpeterson has become a little unpopular
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
  #7  
Old 12.05.2020, 17:47
Banned
 
Join Date: Dec 2019
Location: BaselStadt
Posts: 482
Groaned at 91 Times in 42 Posts
Thanked 974 Times in 393 Posts
CodPeace has a reputation beyond reputeCodPeace has a reputation beyond reputeCodPeace has a reputation beyond reputeCodPeace has a reputation beyond reputeCodPeace has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
The following 3 users would like to thank CodPeace for this useful post:
  #8  
Old 12.05.2020, 17:49
Junior Member
 
Join Date: Jun 2018
Location: Zürich
Posts: 75
Groaned at 24 Times in 9 Posts
Thanked 15 Times in 11 Posts
timpeterson has become a little unpopulartimpeterson has become a little unpopular
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
  #9  
Old 12.05.2020, 17:49
Jim2007's Avatar
Forum Legend
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 4,696
Groaned at 231 Times in 182 Posts
Thanked 7,729 Times in 3,412 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
This user would like to thank Jim2007 for this useful post:
  #10  
Old 12.05.2020, 18:19
Forum Legend
 
Join Date: Dec 2006
Location: Zurich
Posts: 4,926
Groaned at 184 Times in 120 Posts
Thanked 8,552 Times in 2,870 Posts
Kittster has a reputation beyond reputeKittster has a reputation beyond reputeKittster has a reputation beyond reputeKittster has a reputation beyond reputeKittster has a reputation beyond reputeKittster has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
This user would like to thank Kittster for this useful post:
  #11  
Old 12.05.2020, 19:35
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Work in ZH, live in SZ
Posts: 12,189
Groaned at 347 Times in 280 Posts
Thanked 23,373 Times in 8,443 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
This user would like to thank Treverus for this useful post:
  #12  
Old 13.05.2020, 02:20
Forum Legend
 
Join Date: Oct 2014
Location: SG
Posts: 9,519
Groaned at 500 Times in 371 Posts
Thanked 12,619 Times in 6,556 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
  #13  
Old 13.05.2020, 09:55
kri's Avatar
kri kri is online now
Forum Veteran
 
Join Date: Nov 2007
Location: Switzerland
Posts: 2,027
Groaned at 29 Times in 25 Posts
Thanked 1,807 Times in 910 Posts
kri has a reputation beyond reputekri has a reputation beyond reputekri has a reputation beyond reputekri has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
  #14  
Old 13.05.2020, 10:14
NotAllThere's Avatar
Modulo 2
 
Join Date: Oct 2008
Location: Baselland
Posts: 14,205
Groaned at 256 Times in 224 Posts
Thanked 21,091 Times in 8,563 Posts
NotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
This user would like to thank NotAllThere for this useful post:
  #15  
Old 13.05.2020, 10:36
Forum Legend
 
Join Date: Feb 2010
Location: CH
Posts: 11,015
Groaned at 349 Times in 285 Posts
Thanked 16,196 Times in 8,231 Posts
greenmount has a reputation beyond reputegreenmount has a reputation beyond reputegreenmount has a reputation beyond reputegreenmount has a reputation beyond reputegreenmount has a reputation beyond reputegreenmount has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
This user groans at greenmount for this post:
  #16  
Old 13.05.2020, 11:32
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 2,251
Groaned at 21 Times in 20 Posts
Thanked 3,006 Times in 1,274 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
More like banking - not like that in other sectors.
Fixed that for you
Reply With Quote
  #17  
Old 13.05.2020, 11:36
Guest
 
Posts: n/a
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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 !
Reply With Quote
  #18  
Old 13.05.2020, 11:45
Belgianmum's Avatar
Roastbeef & Yorkshire mod
 
Join Date: Jan 2010
Location: Neuchâtel
Posts: 13,304
Groaned at 241 Times in 202 Posts
Thanked 22,261 Times in 9,095 Posts
Belgianmum has a reputation beyond reputeBelgianmum has a reputation beyond reputeBelgianmum has a reputation beyond reputeBelgianmum has a reputation beyond reputeBelgianmum has a reputation beyond reputeBelgianmum has a reputation beyond repute
Re: Are these rates correct for IT jobs at Credit Suisse?

Quote:
View Post
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.
Reply With Quote
The following 2 users would like to thank Belgianmum for this useful post:
  #19  
Old 13.05.2020, 16:19
Forum Veteran
 
Join Date: Nov 2010
Location: Zurich
Posts: 544
Groaned at 30 Times in 18 Posts
Thanked 238 Times in 132 Posts
Harrie Nak has no particular reputation at present
Re: Are these rates correct for IT jobs at Credit Suisse?

These rates seem about right to me for financial services.
Reply With Quote
  #20  
Old 13.05.2020, 17:18
Troublawesome's Avatar
Forum Veteran
 
Join Date: Mar 2014
Location: Zug
Posts: 1,107
Groaned at 244 Times in 143 Posts
Thanked 1,193 Times in 526 Posts
Troublawesome is considered knowledgeableTroublawesome is considered knowledgeableTroublawesome is considered knowledgeable
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.
Reply With Quote
Reply

Tags
salary, salary bands, software




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mortgage rates Credit Suisse employees cmaringa Housing in general 2 03.05.2017 16:57
credit suisse offering 2.25 % interest rates mhk Finance/banking/taxation 12 21.05.2012 13:03
Credit Suisse cuts jobs on poor results vanjaar Swiss politics/news 43 24.08.2011 15:47
AECS in Horgen - Credit Suisse's credit card business - somebody work there? Greg530 Finance/banking/taxation 9 15.04.2007 19:05


All times are GMT +2. The time now is 14:36.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0