6 ms·
Given the way the City works, do you really want us to not include bonus?
by upthedale 13y ago
Given the way the City works, do you really want us to not include bonus?
- calinet6 13y agoWait, could you explain to us outsiders "the way the City works?" Are bonuses that important?
- OrsenPike 13y agoSome places have very big bonus' with average salary. I have a few friends on 35-45% bonus on £35k a year as swdevs.
- swombat 13y agoIn the City, you get hired based on a "total comp" package that includes salary and a practically guaranteed bonus, that can be as much as your base salary or even more.
- deleted 13y ago[deleted]
- khuey 13y ago"The City" is usually taken to mean the world of London finance, and in finance, bonuses are generally huge.
- stickydink 13y ago"The City" is a small area of London, in terms of business, the US equivalent of a financial district. http://en.wikipedia.org/wiki/City_of_London http://en.wikipedia.org/wiki/City_of_London
- elemeno 13y agoIt's the UK term for Wall Street. It doesn't have as much of the geographic connotation these days - working in Canary Wharf or a Mayfair hedge fund can all come under the phrase of 'working the in the city'
- drakeandrews 13y agoThe city is certainly a geographic area. It's the City of London, an entirely separate city with it's own government and everything.
- msy 13y agoUnless the devs in question are building trading algos or other front-line work the bonus isn't often much more than other industries. The idea you're going to get a 100%+ base salary bonus when you work building order resolutions for a T2 investment bank in the City is laughable.
- madaxe 13y agoNot every business in London is a bank?