Remember me

Frankfurt Pays Bankers Better than London!

In which city should you work?


  • Frankfurt is the most generous with its senior bankers - just. An MD can earn a total compensation of £850,000 which is higher than London's median (£839,000)

  • Work in Hong Kong and Singapore for larger bonuses: both locations pay bonuses > 1x base salary with bonuses making up 54% and 60% of the total compensation respectively, vs. 51% in London and 26% in Geneva

  • Paris losing substantial ground: French bankers are the lowest paid with salaries 208% lower than in neighbouring Frankfurt

  • Toeing the line: MDs are still making a lot of money but banks respect the EU bonus cap rule

Even though top paying cities such as Frankfurt, New York, London and Hong Kong jostle for the best-paying spot, it is worth noting that this ranking would look very different if it were adjusted for tax with Hong Kong a clear step ahead of the pack".

City Base SalaryBonus
Frankfurt$446,000$404,000
London$411,000$428,000
New York$400,000$400,000
Hong Kong$370,000$428,000
Singapore$304,000$460,000
Dubai$352,000$256,000
Madrid$313,000$207,000
Zurich$343,000$146,000
Paris$238,000$225,000
Geneva$314,000$112,000
Milan$273,000$136,000

Source: Emolument.com median figures

salary_hongkong_dubai_singapore_zurich
Source: Emolument.com median figures

 

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.


Compare your salary

KNOW WHERE YOU STAND



Know where you stand

KNOW WHERE YOU STAND



Blog


KNOW WHERE YOU STAND

Emolument

Access 100% free, uniquely tailored and interactive reports on your salary

share
explore
decide

compare your salary now

Back to Top