Few things you need to know about working in the FBIT (trade allocation/routing, accounting, reporting, financing, regulation, etc...) field:
1. You don't get paid as well as the financial front (trading) or mid (risk,PM)-office IT.
2. You take the blame when things break, and you don't take any credit when things are running smoothly.
3. You are the cost center, NOT a profit center.
4. Your are more replacible than your front-office peers.
5. Your bonus come from IT pool (10%-30%), not business unit pool (50%-300%).
6. When there is free food in the office, your group is the last one to be called in.
7. Your requests get queued up for weeks; while the front-office guys' got processed in couple of hours.
8. Your position could be sent to India tomorrow.
1. You are still making 20%-30% more than your IT peers outside the financial fields. In the top investment banks, a 10-year back-office IT manager's total package could reach $200K+.
2. Your hours is better than the front-office guys. 10-11 hours a day is normal.
3. The exit strategy (to break the salary ceiling) is to start your own servicing company.
Hope this helps.