City of London remuneration lags behind Canary Wharf
A tall office seems to be correlated with a large wallet.
- Across all levels of seniority, Canary Wharf is the most rewarding city: 9% and 8% total pay gap at Intern and Analyst level respectively, widening out to 21% at Associate level
- Base salaries are higher in Canary Wharf: by 12% at VP level, 9% for Directors and 4% at Associate and Managing Director level
- ... as are bonuses! At VP level, bonuses are 25% higher in Canary Wharf, 50% higher at Analyst level, 33% for VPs, and 23% at Director and Associate levels.
It seems that the extra commute into Canary Wharf is worthwhile after all.. and with top investment banks such as Deutsche, BAML and JP Morgan making the move, the gap is likely to widen even further?'
|Title||Canary Wharf||City of London|
|Base Salary||Bonus||Base Salary||Bonus|
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