Have you ever heard of a pay scale that pays Programmer III ten times as much as Programmer I?
Yes, ibanks and hedge funds routinely do this. Both programmers probably go by the title "VP", however.
Yes, ibanks and hedge funds routinely do this. Both programmers probably go by the title "VP", however.
But you will get paid well for fixing headaches in the back office (referential data, clearing, etc). Perhaps only 5x as much as a mediocre programmer rather than the 10x you'd get in the front office, but it's still a big multiplier. Line work costs banks a lot of money; if you can put 100 humans out of work, they (or someone else) will pay you.