Originally Posted by Troublawesome (Post 3221248)

Perhaps you're talking about the IB side of UBS and not the rest 90%?

15k-25k bonuses in UBS is for laughs. Salary for Director is 140k-165k + 8.5k expenses sure but not everyone is a director. In fact 50% of IT are from EPAM, code monkeys at 120k. 20% are Directors and 30% AOs or ADs.

UBS and CS pay less than 8k bonuses for the vast majority of their IT employees, with the exception of perhaps IB and not always.

I have direct experience of hiring devs in these banks and their promotion cycles and rewards.

Originally Posted by NewInSchwyz (Post 3221252)

What do you want me to say other than you must be working in back back office. The numbers I gave you are direct experience from a pool of vps using 2019 data points. Yes really one vp got 40 bonus and the lowest was 15. Most got 25k.

We do not use consultancies but we have a few contractors although most are perm

If epam are paying 120k you can guarantee that those that make the interview direct will get paid more surely? I’ve no clue what epam pays but I do know what the perms get confidently

Originally Posted by NewInSchwyz (Post 3221243)

I can only say what I have seen and I review the salaries and bonus allocation. From across a team of 30 there are about 10vps. The salary range is min 140 and the highest on the list is 165. Then you have the 8.4K and as I said bonus which for some was 15k and for the high earner 40k. Most got 25ish.

These are actual numbers in 2019

The average age of these 10vps is 30-37 and it’s a pure tech role. Indeed they had no knowledge of finance when I interviewed them but wanted to learn. People are from Russia Portugal Romania and Spain and of course Uk

I also have contacts in ubs and I regularly speak about hiring and the war for talent. Actually it turns out that of anything we need to pay more to attract people who would go to google and amazon. So there you have the facts

Originally Posted by Jaceq (Post 3220873)

Lol, that's quite optimistic (and I do hire / manage software devs ;) )

Originally Posted by Gravity (Post 3231861)

Hi does anyone know how much EPAM chops off from the UBS salary, or just how much do they pay to permanent developers assigned to UBS. I have just heard from them. Is it just a cheap body lending business or maybe lending experts anywhere where the internal politics forbids to hire expensive staff?

Originally Posted by Gravity (Post 3231861)

Hi does anyone know how much EPAM chops off from the UBS salary, or just how much do they pay to permanent developers assigned to UBS. I have just heard from them. Is it just a cheap body lending business or maybe lending experts anywhere where the internal politics forbids to hire expensive staff?

Originally Posted by Landers (Post 3231929)

As you talk about salary, it's not clear to me whether you're talking about becoming an employee of UBS, becoming an employee of a consultancy house, or becoming more like a contractor (contrived to be an employee of e.g. a bodyshop)

Originally Posted by newtoswitz (Post 3231876)

I have no idea what cut of the salary they take.

My experience (as a customer, but working closely with the staff) is that they aren't just a bodyshop, they do try to grow their staff and provide support etc.

They also do more complete outsourcing, providing full teams and doing the majority of the organisational work. Plus consulting on various technical topics which is a direction for some of their staff.

On the whole they're one of the better IT resource companies in my experience.

Originally Posted by oatcakes (Post 3232086)

Im on around 110,000 CHF as a software development manager (my title is actually a bit different), permanent role, B permit, been with the company for over 2 years, been promoted, have regularly worked outside 9-5,

Originally Posted by oatcakes (Post 3232086)

Im on around 110,000 CHF as a software development manager (my title is actually a bit different), permanent role, B permit, been with the company for over 2 years, been promoted, have regularly worked outside 9-5,

Originally Posted by Dandy (Post 3233510)

looks like you're underpaid or your job title is overinflated

Originally Posted by NewInSchwyz (Post 3220931)

I have hired extensively for fx tech Java developers. Mid aged 35 years is around 160k and last years bonus numbers which I handed out were between 10-20%.

Originally Posted by ch2013 (Post 3233531)

Just been offered a Senior BA / PM role in Zurich for a new system implementation at Fr 600 / day! I have over 20 years experience of doing the same thing - the rates have taken a serious nosedive... :msnshock: