City AM – Hedge fund IT staff have seen their bonuses double in the last year, according to new research.
ReThink Recruitment says software developers with experience in algorithmic trading platforms – a form of automated high volume trading – can now expect 50 per cent bonuses, up from around 25 per cent last year.
High-flying IT staff have also seen their base salary rise to around £120,000, a 15 per cent hike year-on-year. Contractors can now earn £750 a day, compared to £600 a day at the start of the year.
