Office Gossip Community

by AizenSosuke

8 months ago

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?

FunnyBones

Plivo

8 months ago

HFT or Goldman Sachs?

AizenSosuke

Tide

8 months ago

FunnyBones

Plivo

8 months ago

😅 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

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Silverfox

Seed Stage Startup

8 months ago

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

AizenSosuke

Tide

8 months ago

5 years in these banks=10 years somewhere else. You are saving 5 years of life to later regret, write a book etc

LetsGetLaidOff

Paytm

8 months ago

Can you share the link to your post?

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BiryaniEnthu

Stealth

8 months ago

Konsa bank hai ye?

AizenSosuke

Tide

8 months ago

ctilak

JP Morgan

8 months ago

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

Valhala

Yahoo

8 months ago

Kotak 811 is paying good?

Flusteredmustard

JP Morgan

7 months ago

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

mindv

Stealth

8 months ago

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)

Elee

Flyhomes

8 months ago

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