League tables are back! Are you trading for the best paying bank?
Emolument.com has examined 2014/2013 salary and bonus data from 640 Directors working in Trading, Sales and Research.
Highlights:
- If you work on the markets, jostle your way to JP Morgan : With an average total compensation of £461,000, JP Morgan Directors are the best paid of their profession.. By some margin.
- Deutsche leads the European charge: a very respectable second place with £402,000 annual compensation for its directors, DB's reputation for aggressive market making clearly pays off.
- But... Where is Goldman Sachs? Goldman is an aggressive payer for MDs but less so it seems when it comes to Directors, lagging behind Nomura.
- Smaller continental banks struggle to keep up: with trading floors often split between 2 countries, continental banks have a hard time paying up for their London staff - Even highly-respected BNP only pays its directors £220,000 a year
While the usual suspects Morgan Stanley and Goldman Sachs have fallen in the pay league tables, it is worth noting that BAML has carved a comfortable spot at no3, past its US rivals. Continental banks meanwhile have to jostle with the constant issue of pegging remuneration from a less competitive home market onto a more aggressive London pay structure.
London
| Rank | Bank | Base | Bonus | Total |
|---|---|---|---|---|
| 1 | JP Morgan Chase | £214,000 | £272,000 | £461,000 |
| 2 | Deutsche Bank | £162,000 | £240,000 | £402,000 |
| 3 | BAML | £177,000 | £199,000 | £376,000 |
| 4 | UBS | £177,000 | £191,000 | £360,000 |
| 5 | Citigroup | £159,000 | £219,000 | £359,000 |
| 6 | Credit Suisse | £153,000 | £204,000 | £357,000 |
| 7 | Morgan Stanley | £168,000 | £186,000 | £353,000 |
| 8 | Normura | £161,000 | £189,000 | £335,000 |
| 9 | Goldman Sachs | £167,000 | £164,000 | £330,000 |
| 10 | Societe generale | £166,000 | £160,000 | £319,000 |
| 11 | Credit Agricole | £140,000 | £173,000 | £313,000 |
| 12 | HSBC | £185,000 | £137,000 | £308,000 |
| 13 | Barclays | £153,000 | £127,000 | £280,000 |
| 14 | Santander | £155,000 | £113,000 | £268,000 |
| 15 | RBS | £163,000 | £106,000 | £262,000 |
| 16 | BNP Paribas | £168,000 | £115,000 | £244,000 |
| 17 | Lloyds | £128,000 | £91,000 | £220,000 |
| 18 | Commerzbank | £155,000 | £61,000 | £212,000 |
| 19 | Natixis | £115,000 | £60,000 | £175,000 |
Emolument provides bonus and salary statistics based on data submitted directly by professionals like you. It is free, anonymous, and already a trusted tool for thousands of professionals worldwide. Are you paid enough? Click here to find out now.
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