Frankfurt knocks London off the top spot!
We have examined 2014/2013 salary and bonus data from 488 MDs working in front office in London, Paris, New York, Frankfurt, Hong Kong, Singapore, Dubai, Madrid, Zurich, Geneva and Milan.
- What a surprise! Frankfurt is the most generous with his senior bankers - just a MD can earn a total compensation of £850,000 which is higher than London's median (£839,000)
- Working in Hong Kong and Singapore for larger bonuses: both locations pay bonuses > 1x base salary with bonuses making up 54% and 60% of the total compensation respectively, vs. 51% in London and 26% in Geneva
- Paris losing substantial ground: French bankers are the lower paid with salaries 208% lower than in neighbouring Frankfurt
- Toeing the line: MDs are still making a lot of money but banks respect the EU bonus cap rule
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