09 December 2016
Visit aciworldwide.com

Hedge funds top payers for data management staff - survey

31 July 2009  |  11426 views  |  0 golden egg

Average salaries rest comfortably in the six figures for data management and financial information professionals in North America and Europe, with those working for hedge funds best paid, according to a survey for the Financial Information Services Division (FISD) of the SIIA.

The survey, conducted for FISD by Lakefront Data Ventures, questioned over 300 professionals. The majority of respondents work at sell-side banks or data vendors, are of management, vice president level or above, and work in real time and reference data management.

Globally, the highest average base salary by industry went to hedge funds at $192,029, with data vendors averaging $132,186, sell side banks averaging $138,698, with retail banks bringing in the lowest average salary at $94,361 among other industries. Salaries were further broken down by job title, size of firm, gender, region, and years of experience among others.

Most of the salaries ranged between $50k minimum to around the high $300k. Although one survey respondent listed their total compensation as $1,425,000. Overall, men had a higher total compensation than women in the global data industry taking in an average of $179,246 compared to $150,776 for women.

Dale Richards, CEO of Lakefront Data Ventures, says "This type of data is particularly critical now as the financial information services arena continues to evolve. We look forward to continuing to collect and report this type of data for the industry."

The salaries were entered in US dollars, UK pounds sterling and Euros in the responses but were all listed as US dollars in the results. The exchange rates were converted as of December 31, 2008.

The entire survey can be viewed here.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Salaries and bonuses rise for risk professionals

Salaries and bonuses rise for risk professionals

01 May 2008  |  5663 views  |  0 comments
Investment bank IT salaries hold up in face of crunch

Investment bank IT salaries hold up in face of crunch

25 April 2008  |  7680 views  |  0 comments
City IT contractors cash in on crunch

City IT contractors cash in on crunch

14 February 2008  |  9223 views  |  0 comments
Pressure on staff supply drives up financial services salaries

Pressure on staff supply drives up financial services salaries

03 May 2006  |  6961 views  |  0 comments
Salaries and bonuses on the rise

Salaries and bonuses on the rise

21 September 2005  |  7390 views  |  0 comments
IT staff shortages inflate banking sector salaries

IT staff shortages inflate banking sector salaries

30 August 2000  |  2985 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextraVisit VocaLink.com

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8255 views comments | 38 tweets | 31 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7899 views 12 comments | 15 tweets | 27 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
7877 views comments | 36 tweets | 47 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6723 views comments | 20 tweets | 23 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
6659 views comments | 23 tweets | 13 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job