asia salary guide 2011 - 2012 - jxt

Reputation is everything

Asia Salary Guide 2011 - 2012

Banking & Financial Services

Market Overview..............................................................................

Hong Kong

Project Management & Business Analysis..........................

Senior Management...........................................................

Business Intelligence & Data Warehouse............................

Development.....................................................................

Application Support & Testing............................................

Infrastructure.....................................................................

Singapore

Project Management & Business Analysis..........................

Senior Management...........................................................

Business Intelligence & Data Warehouse............................

Development.....................................................................

Application Support & Testing............................................

Infrastructure.....................................................................

Commerce & Industry

Market Overview..............................................................................

Hong Kong

Business Analyst & Data Management...............................

Management Roles & Network Management Roles...........

Project Management & Quality Assurance & Testing..........

IT Sales & Marketing Technology........................................

Systems Administration & Systems Support & Helpdesk...

Software Development......................................................

Singapore

Business Analyst & Data Management...............................

Management Roles & Network Management Roles...........

Project Management & Quality Assurance & Testing..........

IT Sales & Marketing Technology........................................

Systems Administration & Systems Support & Helpdesk...

Software Development......................................................

About Greythorn.............................................................................

Contacts.........................................................................................

Disclaimer.......................................................................................

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Salary Tables

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Asia Salary Guide 2011-2012

www.greythorn.com.hk | www.greythorn.com.sg

Contents

Executive Summary......................................................................... 3

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Executive Summary

Welcome to the Greythorn Asia Salary Guide for 2011/2012.

With a buoyant start to 2011 and global businesses continuing to

expand their Asian operations we are now seeing some challenges

and caution in the market especially in the Banking and Financial

Services Sector. As Asian markets recovered from the global financial

crisis, job seekers have experienced an increase in demand and

we have seen talent shortages reappear in many areas. As a result

of these candidate shortages, pressure on salaries have increased

across most markets. Recruitment processes continue to be

changing, with the best talent moving quickly and frequently having

multiple opportunities available to them.

Employers need to take appropriate steps to manage their

workforce in this competitive landscape. Smart employers are

focused on retention strategies to ensure they keep the best talent

within their business. However, even with the best strategies in

place, employers need to accept that some turnover is inevitable.

Building talent pipelines is therefore essential, as well as having

recruitment strategies that are nimble and can adapt to these

changing market conditions.

For the remainder of 2011 we expect to see a level of caution

by employers who will be continually reviewing their headcount

requirements in the region. The on-going debt issues in Europe

and the US, combined with the volatile equity markets suggest

companies will focus on costs and ensuring they are only hiring in

critical areas for the business, until the situation stabilises.

Dominic Dunn Tristan Amin

Associate Director, Hong Kong Director, Singapore

Market Overview2011 has been a year of differing activity for the Banking and Financial Services sector, with solid hiring activity from the regional banks and mixed levels from the international banks following very aggressive hiring during 2010.

Those international banks that are hiring due to medium to long term programme commitments, have put a larger emphasis on contract hires to reduce both headcount and total remuneration pressures.

There is a continued trend to move some of the support functions to more cost effective locations such as India, China and Eastern Europe which has impacted the salary demands and expectations levels of those candidates remaining in Singapore.

Organisations are also placing a greater emphasis on soft skills in addition to core technical skills to generate a more flexible workforce.

2011 has seen a general raising of the bar with expectations from organisations. Hiring managers are no longer willing to settle for available “average” performers and are happy to hold on for stronger profiles to meet all requirements, even when those profiles are not immediately available in the market.

Forecast for Q4 2011 and into 2012Hiring levels should remain cautiously consistent due to continued demand from regional banks committed to upgrading their core banking systems, coupled with a need from those international institutions that have reached a critical staffing level after natural attritions.

International banks are still going to be feeling the financial pressures from the overspill of the GFC and the continued uncertainty that is felt around the global financial markets so will be hiring with a sense of caution and focusing on investment programmes.

Those candidates with leading edge core technical skills such as mobile banking and high performance grid technology, will continue to be in demand.

Project Managers with hands-on experience of delivering FX projects within Asia will remain high on the wish list for investment banks.

Heading into 2011 Q4 and 2012, banks are becoming more cautious about approving headcount, even

Top 5 Jobs in Demand - Now

Top 5 Jobs in Demand - 2010

Salary Trends2010 saw a very high demand for candidates across different skillsets which drove salary levels up accordingly.

In 2011 and going into 2012, organisations are no longer happy to absorb increases on their base salary of 20-25% each time a candidate moves and typically offer 10-15% with a greater emphasis on total compensation package.

Some niche, in demand, skills will continue to command a higher than average increase when candidates move, but expectation management will be needed when more average candidates are expecting the same increase as 2010 when moving into a similar role.

With a greater number of experienced project professionals already based in Singapore and Hong Kong, mid to senior level overseas candidates will need to realign their salary expectations accordingly and relocation packages are becoming the exception rather than the rule.

Ecommerce Java Developers

Infrastructure / Market Data support

High performance C++ developers

Business Analysts - credit risk

Project Managers - x-asset class

Architects

Front Office Developers

Information Security Managers

Business Analysts - core banking

Project Mangers – FX / core banking

4



replacement headcount. Often, when a replacement role comes up, the hiring manager has to justify the cost of replacement, it is not simply a case of on boarding a new hire in the same salary range and skillset.


Project Management & Business Analysis | Hong Kong

Title Range

Junior Business Analyst < 3 years experience $300K - 480K

Mid Business Analyst 3 - 7 years experience $480K - 720K

Senior Business Analyst > 7 years experience $720K - 1.1M

Junior Systems Analyst < 3 years experience $240K - 360K

Mid Systems Analyst 3 - 7 years experience $360K - 540K

Senior Systems Analyst > 7 years experience $540K - 720K

Business Analyst Team Leader $800K - 1.1M

Program Manager - Investment Banking $1.4M - 1.8M

Program Manager - Retail Banking $1.2M - 1.6M

Program Manager - Insurance $1.2M - 1.6M

Junior Project Manager < 3 years experience $360K - 480K

Mid Project Manager 3 - 7 years experience $480K - 720K

Senior Project Manager > 7 years experience $720K - 1.3M

Project Admin/Co-ordinator $240K - 360K

PMO Manager $1.3M - 1.6M

Senior Management | Hong Kong

Title Range

Program Director $1.7M - 2.5M

CIO/CTO $2.2M - 3.0M

Head of Architecture $1.5M - 2.0M


Hong Kong

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The above salaries are in Hong Kong dollars, are base only and exclude bonus and other incentives. The ranges represent an approximate guide as there can be specific circumstances which can impact individual company’s salaries.

Development | Hong Kong

Title Range

Algorithmic Developer $480K - 700K

Quant Developer/Analyst $500K - 720K

Enterprise Architect - Investment Banking $1.2M - 1.8M

Enterprise Architect - Retail Banking $1.0M - 1.6M

Enterprise Architect - Insurance $1.0M - 1.6M

Solutions Architect - Investment Banking $1.0M - 1.3M

Solutions Architect - Retail Banking $1.0M - 1.2M

Solutions Architect - Insurance $1.0M - 1.2M

Developer - Investment Banking - (Java, C#, C++) $500K - 960K

Developer - Retail Banking - (Java, C#, C++) $480K - 850K

Developer - Insurance - (Java, C#, C++) $480K - 850K

Development Team Leader - Investment Banking $960K - 1.2M

Development Team Leader - Retail Banking $900K - 1.0M

Development Team Leader - Insurance $900K - 1.0M


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Hong Kong


Business Intelligence & Data Warehouse | Hong Kong

Title Range

BI Developer $500K - 650K

BI Architect $650K - 800K

DW Developer $500K - 650K

ETL Developer $350K - 500K

Reports Developer/Writer $360K - 480K

BI Manager $650K - 800K

BI Team Leader $500K -700K


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Application Support & Testing | Hong Kong

Title Range

Application Support - General $480K - 540K

Application Support - Investment Banking (Calypso/Murex) $480K - 600K

Application Support Team Leader - General $540K - 660K

Application Support Team Leader - Investment Banking $600K - 720K

Test Analyst $350K - 500K

Test Manager $500K - 600K

Test/QA Director $600K - 900K

Test Team Leader $500K - 600K

Infrastructure | Hong Kong

Title Range

Infrastructure Architect $800K - 1.2M

Network Architect $720K - 960K

Security Consultant $960K - 1.2M

Network Engineer - Data $480K - 600K

Network Engineer - Voice $420K - 540K

Database Developer $480K - 600K

Database Architect $600K - 840K

Hong Kong

Project Management & Business Analysis | Singapore

Title Range

Junior Business Analyst < 3 years experience $80K - 110K

Mid Business Analyst 3 - 7 years experience $110K - 150K

Senior Business Analyst > 7 years experience $150K - 180K

Junior Systems Analyst < 3 years experience $70K - 100K

Mid Systems Analyst 3 - 7 years experience $100K - 130K

Senior Systems Analyst > 7 years experience $130K - 150K

Business Analyst Team Leader $150K - 180K

Program Manager - Investment Banking $180K - 250K

Program Manager - Retail Banking $160K - 230K

Program Manager - Insurance $160K - 230K

Junior Project Manager < 3 years experience $90K - 120K

Mid Project Manager 3 - 7 years experience $120K - 150K

Senior Project Manager > 7 years experience $150K - 200K

Project Admin/Co-ordinator $70K - 100K

PMO Manager $180K - 220K

Senior Management | Singapore

Title Range

Head of Technology $250K - 400K

Program Director $250K - 350K

CIO/CTO $300K - 450K

Head of Architecture $250K - 350K


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Singapore

The above salaries are in Singapore dollars, are base only and exclude bonus and other incentives. The ranges represent an approximate guide as there can be specific circumstances which can impact individual company’s salaries.

Development | Singapore

Title Range

Algorithmic Developer $120K - 150K

Quant Developer/Analyst $115K - 135K

Enterprise Architect - Investment Banking $150K - 180K

Enterprise Architect - Retail Banking $120K - 145K

Enterprise Architect - Insurance $150K - 170K

Solutions Architect - Investment Banking $110K - 130K

Solutions Architect - Retail Banking $90K - 110K

Solutions Architect - Insurance $80K - 100K

Developer - Investment Banking - (Java, C#, C++) $100K - 125K

Developer - Retail Banking - (Java, C#, C++) $70K - 90K

Developer - Insurance - (Java, C#, C++) $60K - 80K

Development Team Leader - Investment Banking $130K - 150K

Development Team Leader - Retail Banking $100K - 115K

Development Team Leader - Insurance $90K - 105K


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Singapore


Business Intelligence & Data Warehouse | Singapore

Title Range

BI Developer $75K - 90K

BI Architect $90K - 110K

DW Developer $75K - 90K

ETL Developer $55K - 75K

BI Manager $90K - 110K

BI Team Leader $80K - 90K

Application Support & Testing | Singapore

Title Range

Application Support - General $70K - 100K

Application Support - Investment Banking (Calypso/Murex) $80K - 110K

Application Support Team Leader - General $95K - 110K

Application Support Team Leader - Investment Banking $100K - 125K



Test/QA Director $130K - 150K

Test Team Leader $110K - 115K

Infrastructure | Singapore

Title Range

Infrastructure Architect $110K - 130K


Security Consultant/Admin $70K - 85K

Network Engineer - Data $72K - 96K

Network Engineer - Voice $80K - 96K

Database Developer $70K - 95K

Database Architect $85K - 110K


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Singapore


Market OverviewHiring activities have been strong for H1 2011 in Commerce and Industry. Vendors are quick to respond to the needs of their customers who want to run a more cost effective IT business function.

There is an increased demand of On Demand Software and Cloud Computing solutions and Mobility Solutions/Applications. IT Vendors have been hiring aggressively for Sales and Pre-Sales professionals to help sell these new solutions to the Singapore/Hong Kong market.

More mid-sized consulting or vendor companies that have an established footprint in Europe and US markets are entering Singapore and are making Singapore their regional APAC headquarters to further expand their business. A number of Telecommunications companies have continued building out their services arm as well as setting up and growing a consultancy unit to create new revenue streams.

For IT end-user organisations, key functions like IT Manager, ERP consultants, IT operations (including Helpdesk, IT application support and network support) are still in demand. The business-as-usual positions remains critical. New and expansion positions will likely have flat or moderated growth.

In Hong Kong the large consultancies have significant talent shortages within IT Advisory, IT Risk, Security and Architecture.

Forecast for Q4 2011 and into 2012Moving into Q4 2011 and 2012, we expect there to be continued growth, albeit not as aggressive as the previous 18 months, in part due to the uncertain economic stagnation in US and Europe which maybe propagated into Asia.

There is a shortage of skilled Pre Sales and Technical Consultants in the areas of Virtualization, Security, Data Centre, Storage, and Mobility solutions. Candidates with experience selling into emerging markets like Indonesia, Vietnam, and China will be sought after. Overall the hiring activities in the Vendor & Telecommunications sector remain fairly positive especially at the mid-level since companies are looking to groom their next generation of leaders for their businesses.

For IT End-User organisations, there will be a moderate growth in job openings, especially on foreign MNCs.

Top 5 Jobs in Demand - Now

Top 5 Jobs in Demand - 2010

Salary TrendsGiven the competitive hiring market, we are expecting a moderate rise in salaries across the board. Only candidates who have a niche skill can demand a premium in the market.

Sales Director/Manager (Emerging Markets)

Pre Sales Consultants (Mobility)

Solution Architect

Infrastructure Manager

Systems Analyst

Sales Director/Manager (Emerging Markets)

Pre Sales Consultants (Mobility)

Security Manager

Project Manager

Infrastructure Analyst

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Commerce & Industry

Positions from junior to mid-level will still be available while limited positions are likely to be available in higher management. All the indicators point to the shortage for highly skilled candidates continuing in Singapore/Hong Kong and opportunities remaining available for top tier candidates.

The Singapore Government is prepared to react if there is a dip in economic growth and given the economic fundamentals, we are still optimistic that Singapore will continue to remain an attractive option for businesses and candidates.

Business Analyst & Data Management | Hong Kong

Title Range

Business Analyst $360K - 720K

Product Manager $400K - 800K

Systems Analyst $400K - 800K

Technical Business Analyst $360K - 720K

Data Analyst $360K - 650K

Data Architect $800K - 1.3M

Data Warehousing / Modeling Specialist $400K - 600K

Management Roles & Network Management Roles | Hong Kong

Title Range

Applications Development Manager $700K - 1.2M

DIO / IT Director $700K - 1.6M

Junior IT Manager < 3 years experience $240K - 300K

Mid IT Manager 3 - 7 years experience $300K - 420K

Senior IT Manager > 7 years experience $420K - 840K

Network Infrastructure Manager $700K - 900K

Technology & Infrastructure Manager $750K - 1.5M

Network Administrator $300K - 420K

Network Architect $800K - 1.2M

Network Engineer $500K - 750K

Network Manager $700K - 1.3M

Network Support - 1st/2nd Level $300K - 420K

Network Team Leader $400K - 540K

Security Analyst $500K - 650K

Security Specialist / Consultant $600K - 800K

Commerce & Industry

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Hong Kong


Project Management & Quality Assurance & Testing | Hong Kong

Title Range

Program Manager / Program Director $900K - 1.7M

Project Manager - Junior $400K - 550K

Project Manager - Intermediate $550K - 700K

Project Manager - Senior $700K - 900K

Project Co-ordinator $350K - 550K

Project Leader $350K - 550K



Systems Administration & Systems Support & Helpdesk | Hong Kong

Title Range


IT Systems Administrator $300K - 500K

Desktop $300K - 500K

Helpdesk $300K - 500K

Helpdesk/Desktop Support Manager $500K - 650K

Commerce & Industry

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Hong Kong


IT Sales & Marketing Technology | Hong Kong

Title Range

Account Executive $360K - 480K

Account Manager $480K - 660K

BDM $660K - 840K

BDM Hardware/Infrastructure $600K - 800K

BDM - Software/Services $660K - 840K

Pre/Post Sales Support $340K - 480K

Pre-Sales Consultant $480K - 600K


Sales & Marketing Manager $500K - 700K

Channel Manager $600K - 840K

Sales Director $1.0M - 1.7M

Software Development | Hong Kong

Title Range

Analyst Programmer $700K - 900K

Applications Support Analyst $400K - 550K

Applications Support Team Leader $550K - 650K

Developer - C++ $550K - 900K

Developer - Delphi $550K - 900K

Developer - Java/J2EE $550K - 900K

Development Team Leader $800K - 1.1M

Enterprise Architect $800K - 1.0M

J2EE Architect $800K - 1.2M

PL/SQL Analyst Programmer $500K - 750K

Software Engineer $700K - 850K

Solutions Architect $900K - 1.4M

NET Architect $900K - 1.45M

Developer - NET $650K - 900K

Developer - Visual Basic $350K - 650K

Web Content Manager/Web Master $300K - 430K

Web Designer $250K - 500K

Web Developer - Back End $370K - 500K

Web Developer - Front End $500K - 600K

Web Producer $250K - 550K

Commerce & Industry

14



Hong Kong


Business Analyst & Data Management | Singapore

Title Range

Business Analyst $78K - 120K


Technical Business Analyst $78K - 120K

Data Architect $90K - 120K

Data Warehousing / Modeling Specialist $70K - 90K

Management Roles & Network Management Roles | Singapore

Title Range

Applications Development Manager - Large Scale $150K - 200K

Applications Development Manager - Small & Mid Scale $100K - 150K

CIO / IT Director $250K+

Junior IT Manager < 3 years experience $70K - 90K

Mid IT Manager 3 - 7 years experience $90K - 140K

Senior IT Manager ; > 7 years experience $140K - 180K

Network Infrastructure Manager $180K - 220K

Network Administrator $70K - 100K


Network Engineer $70K - 100K

Network Support - 1st/2nd Level $60K - 80K

Network Team Leader $80K - 100K

Security Analyst / Specialist $80K - 100K

Security Consultant $90K - 120K

Commerce & Industry

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Singapore


Project Management & Quality Assurance & Testing | Singapore

Title Range

Program Manager / Program Director $120K - 220K

Project Manager $78K - 150K

Project Co-ordinator $54K - 80K

Project Leader $54K - 80K



IT Sales & Marketing Technology | Singapore

Title Range

Account Executive $100K - 160K

Account Manager $140K - 220K

BDM $200K - 250K

BDM Hardware/Infrastructure $180K - 230K

BDM - Software/Services $200K - 250K

Pre/Post Sales Support $120K - 160K

Pre-Sales Consultant $140K - 180K


Sales & Marketing Manager $100K - 150K

Channel Manager $150K - 200K

Sales Director $200K - 280K

Commerce & Industry

16



Singapore


Systems Administration & Systems Support & Helpdesk | Singapore

Title Range


IT Systems Administrator $70K - 90K

Systems Engineer $80K - 100K

Desktop $40K - 55K

Helpdesk $40K - 60K

Helpdesk/Desktop Support Manager $60K - 80K

Helpdesk/Desktop Team Leader $60K - 85K

Software Development | Singapore

Title Range

Analyst Programmer $75K - 90K

Applications Support Analyst $70K - 90K

Applications Support Team Leader $90K - 130K

Developer - C++ $90K - 120K

Developer - Java/J2EE $80K - 130K

Development Manager $120K - 160K

Development Team Leader $120K - 140K

Enterprise Architect $170K - 190K

J2EE Architect $90K - 120K

PL/SQL Analyst Programmer $70K - 90K

Software Engineer $70K - 100K

Solutions Architect $110K - 130K

NET Architect $90K - 110K

Developer - NET $90K - 110K

Developer - Visual Basic $60K - 80K

Web Content Manager/Web Master $50K - 70K

Web Designer $45K - 75K

Web Developer - Back End $60K - 80K

Web Developer - Front End $80K - 100K

Web Producer $90K - 110K

Commerce & Industry

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Singapore


Moscow

Dubai Hong Kong

Singapore

BrisbaneSydney

CanberraMelbourne

UK

DublinSeattle

Chicago

Sao Paulo

Our BackgroundGreythorn is a market-leading recruitment consultancy in the specialist fields of IT & Telecoms. Greythorn recruit across all markets throughout Asia Pacific, Europe, the Middle East, North America, and South America.

Established in 1976, we have developed unrivalled knowledge of the IT & Telecoms industry, building a reputation based upon commitment and trust. Our personal approach ensures that the service you receive is of a consistent and outstanding quality.

Our locations:

Brisbane

Canberra

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Dublin

Hong Kong

Leeds

London

Melbourne

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Seattle

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About Greythorn

Our specialities:

Architecture

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Microsoft Development

Project Managers & Business Systems Analysts

Security

Telecoms

Testing & QA

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Reputation is everything

Disclaimer This research was carried out by means of an electronic questionnaire. The remuneration tables are supplemented with data and market information that Greythorn has access to. The results are provided as generic market information only. Greythorn does not make any warranties regarding the use, validity, accuracy or reliability of the results and information obtained. Greythorn will not be liable for any damages of any kind arising out of or relating to use of this information.

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asia salary guide 2011 - 2012 - jxt

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