Markets professionals see total compensation continue to rise in 2014 for the third consecutive year

We have examined 2014/2013/2012 salary and bonus data from 835 London front office markets employees (Trading, Sales, Research and Structuring).


Highlights:

  • Overall, since 2012, financial markets operatives has seen a steady growth in their pay packages
  • Managing Directors were the only executives not to benefit from the rise in total compensation in each year: despite seeing a 13% increase in total comp in 2013 vs. 2012, they are down 10% in 2014 vs. last season
  • EU bonus cap legislation already seems to be having an impact: bonuses have not exceeded 2x base salaries in 2014, while some did at MD level in 2013
  • As a consequence, base salaries are on the increase this year across all titles especially at senior levels (+21% yoy for MDs, and +8% for Directors)
  • Directors have seen the strongest growth out of all banking titles in their pay packages over the last 3 bonus seasons, with base salaries +12 % and bonuses +35%

These numbers show that 2014 has seen a continuing improvement in remuneration across all levels in trading, sales and associated functions in the last two years. In fact our numbers also show a stronger uptick for traders and salespeople than for advisory bankers. As the volume of IPO and M&A activity continues to increase however this trend might be expected to reverse.


2012 2013 2014 
 Base SalaryBonusBonus SalaryBonusBase SalaryBonus
Analyst£47,000£13,000£47,000£11,000£53,000£22,000
Associate£72,000£29,000£74,000£40,000£76,000£42,000
VP£105,000£84,000£108,000£72,000£115,000£76,000
Director£149,000£147,000£157,000£151,000£163,000£167,000
MD£235,000£369,000£228,000£461,000£257,000£409,000

market_professionals_salary_evolution_2012_2014

 

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