#HIGH BILLING RATE IT JOBS BIG DATA PRO#

You can choose to distribute the “margin” to all your billing groups as you set your pricing parameters, or keep the difference as profit. Therefore, your “margin” is the delta between “Charged Amount” and you “AWS Costs”. The Charged Amount does not take into consideration your AWS credits, aggregate volume-based discounts, negotiated AWS agreements, or taxes.įor the AWS Costs KPI, we evaluate the same set of accounts, but this calculation is inclusive of AWS credits, aggregate volume discounts, applied commitment-based discounts ( Savings Plans and reserved instances), negotiated AWS agreements, and tax. The Charged Amount also includes any custom line items that have been created as well. The calculation is derived by using the service usage accruing within a billing group at the rates defined by the pricing rules for each group. The Charged Amount Key Performance Indicator (KPI) is an aggregated calculation across all billing groups. In the AWS Billing Conductor view, what does “Charged Amount” and “AWS Costs” include, and not include?

#HIGH BILLING RATE IT JOBS BIG DATA PRO#

For context, your first one million pro forma billing records are free each month, and after that, the additional pro forma billing records cost you $0.15 per 1,000 records. Generating invoices with the AWS Billing Conductor billing data set is not a feature that is currently supported. Your usage of AWS Billing Conductor is not calculated by the number of invoices generated, rather the number of hourly pro forma billing records. Is AWS Billing Conductor free to use, or will I be charged each time I generate an invoice? You can also hear how Evan McLean, Product Owner from Stax uses AWS Billing Conductor to solve their cost management needs in last month’s peer connect event. Matt Cowsert, our Senior Product Manager recently shared how you can use AWS Billing Conductor to meet your showback and chargeback needs in the April CFM Talk. Starting now.We received many great questions since we launched AWS Billing Conductor (), a new service that simplifies your billing and cost allocation needs (see announcement | blog | getting-started resources| user guide). You have six months in which to make the necessary adjustments.

'Equities is an attractive business where smaller niche players can survive, whereas FICC is driven more by scale, technology, balance sheet and distribution,' they surmise.Īlso fine will be advisory bankers, where business is expected to pick up and Basel III will have zero impact on profitability. Morgan Stanley analysts predict banks will, 'flock to equities' to offset the reduced returns in FICC. If FICC is in for a shake-out, equities isn't.

Nomura may decide to focus on Asian clients. Morgan Stanley itself may pull back from its rates aspirations. Credit Suisse may pull back from its aspirations to build in commodities, but will retain its strength in residential mortgage trading. Globally, these are: Goldman Sachs, Deutsche, JPMorgan, Bank of America and Citigroup and BarCapĢ) Work in a niche area for a non-flow monster If you're not going to work for a market leader in FICC, you're advised to work for a smaller player which has market share in a particular business area.įor example, MS analysts are predicting that UBS will build on its current strength in FX, but may not try gaining share in US swaps.īy the same rationale, you'll be ok if you're working in rates and FX at RBS, but less so elsewhere in its fixed income business.

Translated, this means one of two things:ġ) Work for a flow monster In the new environment, analysts at Morgan Stanley predict the banks that remain profitable across FICC will be those with significant market share. 'Future profitability in FICC will come from ruthless focus.' 'It will be a judgement call on a bank by bank basis, with decisions based upon existing strengths,' he adds. 'The next six to 12 months are when banks are going to be making decisions about where to de-scale,' says Huw Van Steenis, head of EMEA banking research at Morgan Stanley. However, if you are not working in securitisation or correlation trading, you can't assume you're safe. These includesecuritisation and correlation trading. If you're outside the envelope: tough.Ĭertain fixed income activities will become uneconomic under Basel III. If you work in fixed income currencies and commodities for a bank which is far from being an overall market leader and you're in a business which has negligible share in its niche, bad luck.Īccording to analysts at Morgan Stanley this is the year in which banks will start shaping themselves to fit the new Basel paradigm.

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