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GigglyPretzel
GigglyPretzel
Tide

Exorbitantly high salaries in the banking industry

Got to know from authentic sources their salaries in core banking roles ( not Infra tech ). They are exorbitantly high for tech individuals. I agree these people come with domain expertise which is crucial, but, we’re talking 60-70 LPA base for 5 YOE and mediocre tech knowledge ( ex: python is basically writing functions in a file )

What’s going on?

18mo ago
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FluffyNugget
FluffyNugget
Plivo18mo

HFT or Goldman Sachs?

GigglyPretzel
GigglyPretzel
Tide18mo

GS

FluffyNugget
FluffyNugget
Plivo18mo

😅 they also hv fixed under-performers layoff quota annually. But ya if u r good, its just they hv that kind of money. Major part is bonus & it varies

JazzyPenguin
JazzyPenguin
Stealth18mo

Read why I left Goldman Sachs. You will get the full story.

GigglyPretzel
GigglyPretzel
Tide18mo

5 years in these banks=10 years somewhere else.

You are saving 5 years of life to later regret, write a book etc

SwirlyTaco
SwirlyTaco
PayTM18mo

Can you share the link to your post?

ZestyQuokka
ZestyQuokka
Hinge18mo

Konsa bank hai ye?

GigglyPretzel
GigglyPretzel
Tide18mo

GS

ZestyWaffle
ZestyWaffle
JP Morgan17mo

I am in GS and i can confirm that this is true for certain divisions/ team/ profile. The pay disparity is crazy.

SillyNoodle
SillyNoodle
Yahoo18mo

Kotak 811 is paying good?

ZestyCupcake
ZestyCupcake
JP Morgan18mo

Fintech pays like that. Not sure about GS or any other global MNC captives.

JumpyRaccoon
JumpyRaccoon
Flyhomes18mo

Got an interview call from HSBC once they pay very less by that banking standard

CosmicMochi
CosmicMochi
Stealth18mo

I was in GS for few years. Not everyone gets it. Only some dept esp tech and few roles. Rest all slog on average salaries (compared to FAANG)

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