League tables are back! Are you trading for the best paying bank?
- 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.
|1||JP Morgan Chase||£214,000||£272,000||£461,000|
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