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

RankBankBaseBonusTotal
1JP Morgan Chase£214,000£272,000£461,000
2Deutsche Bank£162,000£240,000£402,000
3BAML£177,000£199,000£376,000
4UBS£177,000£191,000£360,000
5Citigroup£159,000£219,000£359,000
6Credit Suisse£153,000£204,000£357,000
7Morgan Stanley £168,000£186,000£353,000
8Normura£161,000£189,000£335,000
9Goldman Sachs£167,000£164,000£330,000
10Societe generale£166,000£160,000£319,000
11Credit Agricole£140,000£173,000£313,000
12HSBC£185,000£137,000£308,000
13Barclays£153,000£127,000£280,000
14Santander£155,000£113,000£268,000
15RBS£163,000£106,000£262,000
16BNP Paribas£168,000£115,000£244,000
17Lloyds£128,000£91,000£220,000
18Commerzbank£155,000£61,000£212,000
19Natixis£115,000£60,000£175,000

 

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