Markets or Investment Banking: which pays more?

Ever wondered if you had chosen the right career path between the fracas of the trading floors and the studious banking booths? Traders' bonuses often make headlines, but our latest figures point to Investment bankers being the consistently higher earners.

Below are the total annual compensation figures for London front office Markets jobs (trading, sales, research, structuring) and Investment Banking (M&A, ECM, DCM, Leveraged Finance).


It seems that the days of the high-rolling traders are behind us, as the more low key bankers step well ahead of the remuneration curve. The gap widens through the more senior levels with Directors in the investment banking division making GBP 28,000 more than those on the trading floors.

The long hours do seem to pay off in the end...


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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