Discover your dream Career
For Recruiters

Citi tech pay in 2024: salaries and bonuses by city and seniority

Citi, more than most banks has been full steam ahead with tech hiring, despite massive organizational changes across the bank. But how much will you earn if you work there? We used data from Levels.fyi since the start of 2023 to find average compensation at the bank across its many seniorities, and broken down pay in some of its major offices.

Click here to sign up to our technology newsletter 🔧

How much do you earn as a software engineer at Citi?

Compared to Goldman Sachs and JPMorgan, Citi's entry level pay actually appears quite low. Levels suggests analysts at the bank earn just $63.3k on average. However, once you become a senior vice president (SVP), you're likely to earn more than VPs at rival banks.

 Interestingly, while JPMorgan's figures suggested that becoming an engineering manager is a smart move, Citi's pay seems to indicate the opposite. At VP and SVP level, Citi's engineering managers earned significantly less than software engineers themselves. 

Also of note is the fact that, prior to SVP, the difference between total compensation and salary for Citi technology staff is negligible. The majority of datapoints said they didn't receive a bonus; the longest serving employee not to receive one was an SVP in New York who had been at the bank for 14 years.

Where does Citi pay its engineers the most?

While pay at Citi seems underwhelming compared to rival banks at first glance, looking at New York averages tells a different story. On Wall Street, Citi engineers earn $194.5k on average. Pay in other locations tends to vary.

 An interesting highlight is Singapore. Citi appears to pay its technologists significantly more in the region than rival banks, with a $170.3k average. London, meanwhile, somewhat falters with only a $123.4k average. That comes as a bit of a surprise, as the English capital is home to Citi's head of engineering and architecture David Griffiths. 

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Paritas Recruitment - Data & Tech
Quantitative Researcher (Systematic Fund)
Paritas Recruitment - Data & Tech
London, United Kingdom
DTG Capital Markets
Proprietary Trader (US, remote)
DTG Capital Markets
New York, United States
Oxford Knight
Java Developer - London- Prop Trading
Oxford Knight
London, United Kingdom
Oxford Knight
Python Quant Developer- Hedge Fund trading team
Oxford Knight
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.