City of London remuneration lags behind Canary Wharf


We have examined 2014/2013 salary and bonus data from 1,863 Canary wharf and City bankers


Highlights:

  • 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 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.



Canary Wharf City of London 
TitleBase SalaryBonusBase SalaryBonus
Student£45,000£0£41,000£0
Analyst£50,000£10,000£50,000£5,000
Associate£78,000£40,000£75,000£31,000
VP£125,000£90,000£110,000£60,000
Director£168,000£150,000£153,000£120,000
MD£260,000£383,000£250,000£293,000

Source: Emolument.com median figure





Source: Emolument.com median figures


Top banks based in Canary Wharf:

Bank of America Merrill Lynch, Barclays, Citigroup, CreditSuisse,HSBC,Halifax,JP Morgan,Morgan Stanley, Santander, wel lFargo...


Top banks based in the City:

BNP Paribas, Caixa Bank, Commerzbank, Credit Agricole, Deutsche Bank, Espirito Santo, Lloyds, Mitsubishi, Royal Bank of Scotland, Societe Generale, Standard Chartered, UBS...


 

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.


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