Bonus in Hong Kong IT

[JonnyC]

Are you a bit slow? For someone with 7.5 years IT experience can't you figure out how to do a web search?

[KnowItAll]

To answer your question, the average salary is HK$ 31,482.94 ... I sampled two people, one was getting $62965.88 dollars a month and the other person was unemployed.

Wait for a couple of more weeks with 7.6 months experience, the average salary goes up to HK$ 31,493.88.

Sorry ... (mumbles something about being in a bad mood..)

[howard_roark]

To answer your question, the average salary is HK$ 31,482.94 ... I sampled two people, one was getting $62965.88 dollars a month and the other person was unemployed.

Wait for a couple of more weeks with 7.6 months experience, the average salary goes up to HK$ 31,493.88.

Sorry ... (mumbles something about being in a bad mood..)

LOL - what a post!! Though must admit that 7.5 was way too easy softball....

[KnowItAll]

Ok, like I said, was in a rough mood.

Averages don't mean jack. It would depend on your ability to negotiate yourself to the appropriate pay grade -- assuming you're not being body shopped.

To quote some math humor -- a statistics professor drowned in a river with an average depth of 4 feet.

[howard_roark]

Well, not to pile on but it is worth to point out that the generalization of salary without specifics is just bone headed.

The difference is huge and I mean MEGA huge in Investment Banking; between a person who is a sysadmin and someone who can develop a software application for forecasting based on, say ARIMA with neural networks / fuzzy systems decision logics for risk management.

[jimbo]

And there was me thinking that your bonus was that you get to keep your job without it being outsourced to somebody who was willing to work for half your pay!

[freeier]

from what i know, a 5 year quantz IT guy in an investment bank generally get paid between USD500k to USD1mil (full annual package).

[PDLM]

So presumably there are no "10 year quantz IT guys" (whatever they are) since they've all retired by then?

[freeier]

that i'm not sure. if that's the case we'd have seen absolutely no super rich man in the world as they wld have retired by 30 with 5mil sitting somewhere.

but on serious side, i think there aren't that many quant guys doing it for 10 years. it's bloody boring. chances are these ppl made enuf and retire to become a professor in some universities.

[PDLM]

So where do I apply for these "bloody boring" jobs that pay US$1M a year?