Associates : which are the best paying banks in 2015 ?
We have analysed 2015 salary data from 493 associates working in London Investment banks front office. Bank | Average salary | Average bonus | Total |
---|---|---|---|
JP Morgan | £94,000 | £61,500 | £155,500 |
Morgan Stanley | £89,000 | £60,000 | £149,000 |
Goldman Sachs | £85,500 | £57,500 | £143,000 |
UBS | £83,000 | £60,000 | £143,000 |
Credit Suisse | £95,000 | £31,000 | £126,000 |
Deutsche Bank | £82,000 | £42,000 | £124,000 |
Citigroup | £87,000 | £30,000 | £117,000 |
HSBC | £80,000 | £37,000 | £117,000 |
Barclays | £79,000 | £34,000 | £113,000 |
BNP Paribas | £76,000 | £29,000 | £105,000 |
Not much of a surprise! As often, American banks top the chart, with salaries and bonuses above average, JP Morgan leading the way.
Large bonuses deeply engrained in US pay culture: Continental banks rarely pay bonuses above £30k with UBS standing out with bonus payments overtaking Goldmans'.
Chicken and egg... To a large extent pay league tables reflect business performance league tables. Do banks pay well because they outperform and can afford it, or do they outperform because they pay well and therefore attract top talent?
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