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.


  • 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.


1JP Morgan Chase£214,000£272,000£461,000
2Deutsche Bank£162,000£240,000£402,000
6Credit Suisse£153,000£204,000£357,000
7Morgan Stanley £168,000£186,000£353,000
9Goldman Sachs£167,000£164,000£330,000
10Societe generale£166,000£160,000£319,000
11Credit Agricole£140,000£173,000£313,000
16BNP Paribas£168,000£115,000£244,000


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.

Are you an employer?

Hire and retain the best talent with accurate and reliable data

Benchmark Your Teams


Know what you're worth

Compare your compensation with peers in your industry


Back to Top