Originally Posted by newwoman:
“Indeed. I work in an investment bank and know for a fact that many of our consultants change anything up to £2k a day, with £1k being about average. Most of them sign up for 6-12 month contracts at a time then take time out between. It's obviously a high risk of being out of work which is why pay is so great.”
I used to work in UBS, but my work was honest hard graft IT. No question about the high earnings of others. Lucinda could be in the area of monitoring the bank's exposure and compliance issues, with possibly HR personality profiling to hopefully suss out the Nick Leesons of this world.
God knows how many thousands were earned by banking analysts implementing Basel 2 compliance. Did any of that prevent the Subprime debacle - the very thing Basel 2 was designed to alert? The expensive guard dog never barked.
Wealthy institutions tend to pay out of modern day superstituion -- pay twice as much for anybody from Price Waterhouse, three times as much for anybody from IBM, four times as much for anybody from McKinley -- and feel good about it. And before that it was five times as much for Arthur Andersen, until they were deserved wound up over Enron complicity.
Business analysts would justify their high pay if they were transferring knowledge and experience from one proven implementation to another. The client is buying safety and a copycat shortcut.
Lucinda is appealing and quick, but hard to see her building credibility shifting cheap Amstrad boxes to high street retailers.