Written by Elliot Jackson
Jan 31, 2018
Contract rates for IT professionals in 2018 in infrastructure, dev & testing, application support, project management, business analysis, infosec, GRC technology, IT audit.
Contents:
Development and Testing in Financial Services | Development and Testing in Commerce & Industry | Application Support, Project Managers and Business Analysts in Financial Services | Application Support, Project Managers and Business Analysts in Commerce & Industry | Information Security, GRC Technology and IT Audit in Financial Services
Contract Rates for Development and Testing in Financial Services
| Role | Analyst/ Non-Officer | Associate/ AVP/ Manager |
|---|---|---|
| C++ Developer | $70k - $90k | $80k - $120k |
| Java Developer | $70k - $90k | $80k - $120k |
| C# Developer | $70k - $90k | $80k - $120k |
| Technical Lead | $70k - $90k | $80k - $120k |
| Development Manager | - | $80k - $120k |
| Automation Engineer | $70k - $90k | $80k - $120k |
| QA Tester | $70k - $90k | $80k - $120k |
| Performance Tester | $70k - $90k | $80k - $120k |
| UAT Tester | $70k - $90k | $80k - $120k |
| Test manager | - | $80k - $120k |
| Architecture | - | $80k - $120k |
Contract Rates for Development and Testing in Commerce & Industry
| Role | Analyst/ Non-Officer | Associate/ AVP/ Manager |
|---|---|---|
| C++ Developer | $80k - $100k | $90k - $130k |
| Java Developer | $80k - $100k | $90k - $130k |
| C# Developer | $80k - $100k | $90k - $130k |
| Technical Lead | $80k - $100k | $90k - $130k |
| Development Manager | $80k - $100k | $90k - $130k |
| Automation Engineer | $80k - $100k | $90k - $130k |
| QA Tester | $80k - $100k | $90k - $130k |
| Performance Tester | $80k - $100k | $90k - $130k |
| UAT Tester | $80k - $100k | $90k - $130k |
| Test manager | - | $90k - $130k |
| Architecture | - | $90k - $130k |
Contract Rates for Application Support, Project Managers and Business Analysts in Financial Services
| Role | Analyst/ Non-Officer | Associate/ AVP/ Manager | VP/ Sr. Manager |
|---|---|---|---|
| Business Analyst | $70k - $100k | $90k - $150k | $200k - $250k |
| Project/ Program Manager | - | $90k - $150k | $200k - $250k |
| Level 1/ 2 Technical Support | $60k - $90k | $70k - $100k | - |
| Level 3 Technical Support | $70k - $100k | $90k - $150k | - |
| Application Support (BO/ MO) | $60k - $90k | $70k- $100k | - |
| Trader Support (FO) (Application) | $60k - $90k | $70k - $100k | - |
Contract Rates for Application Support, Project Managers and Business Analysts in Commerce & Industry
| Role | Analyst/ Non-Officer | Associate/ AVP/ Manager | VP/ Sr. Manager |
|---|---|---|---|
| Business Analyst | $60k - $80k | $90k - $130k | $140k - $200k |
| Project/ Program Manager | $80k - $100k | $70k - $150k | $150k - $240k |
| Level 1/ 2 Technical Support | $40k - $60k | $100k - $130k | $90k- $130k |
| Level 3 Technical Support | $85k - $100k | $150k - $200k | $150k - $240k |
| Application Support (BO/ MO) | $60k - $90k | $100k - $130k | |
| Trader Support (FO) (Application) | $80k - $120k | $100k - $140k |
Contract Rates for Information Security, GRC Technology and IT Audit in Financial Services
| Role | Analyst/ Non-Officer | Associate/ AVP/ Manager | VP/ Sr. Manager |
|---|---|---|---|
| IT Security Operation | $60k - $90k | $90k - $120k | $120k - $180k |
| IT Security | $60k - $90k | $90k - $120k | $120k - $180k |
| Information Security | $60k - $90k | $90k - $120k | $120k - $180k |
| IT Audit | $50k - $90k | $90k - $120k | $120k - $160k |
| Technology Risk Management | $60k - $90k | $90k - $130k | $120k - $160k |
| Network Security | $60k - $90k | $90k - $130k | $120k - $160k |
Contract Rates for Information Security, GRC Technology and IT Audit in Financial Services
| Role | Analyst/ Non-Officer | Associate/ AVP/ Manager | VP/ Sr. Manager |
|---|---|---|---|
| IT Security Operation | $60k - $90k | $90k - $120k | $120k - $180k |
| IT Security | $60k - $90k | $90k - $120k | $120k - $180k |
| Information Security | $60k - $90k | $90k - $120k | $120k - $180k |
| IT Audit | $50k - $90k | $90k - $120k | $120k - $160k |
| Technology Risk Management | $60k - $90k | $90k - $130k | $120k - $160k |
| Network Security | $60k - $90k | $90k - $130k | $120k - $160k |
Contract Rates for Information Security, GRC Technology and IT Audit in Commerce & Industry
| Role | Analyst/ Non-Officer | Associate/ AVP/ Manager | VP/ Sr. Manager |
|---|---|---|---|
| IT Security Operation | $60k - $90k | $90k - $120k | $120k - $180k |
| IT Security | $60k - $90k | $90k - $120k | $120k - $180k |
| Information Security | $60k - $90k | $90k - $120k | $120k - $180k |
| IT Audit | $50k - $90k | $90k - $120k | $120k - $160k |
| Technology Risk Management | $60k - $90k | $90k - $130k | $120k - $160k |
| Network Security | $60k - $90k | $90k - $130k | $120k - $160k |
Contract Rates for Infrastructure in Financial Services
| Skill | Analyst/ Non-Officer | Associate/ AVP/ Manager | VP/ Sr. Manager |
|---|---|---|---|
| Service Desk | $50k - $80k | 80k - 120k | 120k - 180k |
| Server (Unix/ Linux/ Windows) | 60k - 90k | 90k - 150k | $150k - $200k |
| Network (Data/ Voice/ Firewall) | 60k - 90k | 90k - 170k | $170K - 250K |
| Storage | $50k - $80k | 100k - 150k | 150k - $220k |
| Database | 60k - 90k | 120k - 180k | 180K - 250K |
| Virtualization | 60k - 90k | 120k - 180k | 180K - 250K |
| Data Centre | 60k - 90k | 100K - 150K | 180K - 250K |
| Messaging and Collaboration | 70k - 100k | 100K - 150K | 180K - 250K |
| Infrastructure Project Management | 70k - 100k | $100k - 180k | $180K - 250K |
| Technical Infrastructure Architecture | 70k - 100k | $100k - 180k | $180K - 250K |
Contract Rates for Infrastructure in Commerce & Industry
| Skill | Analyst/ Non-Officer | Associate/ AVP/ Manager | VP/ Sr. Manager |
|---|---|---|---|
| Service Desk | $50k - $80k | 80k - 100k | $100 - $150k |
| Server (Unix/ Linux/ Windows) | $50k - $80k | $80k - $100k | $100 - $150k |
| Network (Data/ Voice/ Firewall) | $70k - $100k | 100K - 150K | $150k - $200k |
| Storage | $50k - $80k | 80k - 100k | $100k- $180k |
| Database | $70k - $100k | 100K - 150K | $150k - $200k |
| Virtualization | $70k - $100k | $100k - 180k | $180K - 250K |
| Data Centre | $60k - $90k | $100k - $130k | $130k - $230k |
| Messaging and Collaboration | $80k - $110k | $110k - $150k | $150k - $200k |
| Infrastructure Project Management | $80k - $110k | $110k - $150k | $150k - $200k |
| Technical Infrastructure Architecture | $80k - $120k | $120k - $160k | $160 - $250k |
Commentary on IT Contract - Singapore 2018
2018 is predicted to be a good year following a good performance in 2017. We have seen tremendous growth and doubled up the number of our existing contractors compared to 2016.
The hottest areas in tech contracting in 2018 are digital transformation, cloud and DevOps. There will also be a focus on the Internet of Things (IoT).
Companies are now requiring newer skills capable of revolutionising the software stack, the usual developer and operator role is slowly diminishing. Newer skills that require in-depth DevOps skills are in demand, but with government regulations it’s becoming more and more difficult for candidates to move into a new role.
How companies consume IT is different now from traditional ways of operations. Companies now require more architects that are capable of hybrid roles which used to silo’ed roles that reduces the requirement from three different roles to one.
One major challenge is how some job seekers, focussing on career progression, prefer working in big tech companies like Google, Amazon and Facebook etc. rather than financial services companies as they have started outsourcing/ off shoring etc.
