IT Budget Benchmarks for Financial Services Firms: What to Spend and Where
The IT budget benchmark most financial institutions use to plan next year’s spending comes straight from JPMorgan Chase’s 10-K. If your institution has 400 employees instead of 300,000, that benchmark isn’t just unhelpful. It’s actively steering you wrong. An IT budget benchmark for financial services is the share of revenue, generally 7 to 10 percent, … Read more