Frankfurt Pays Bankers Better than London!

In which city should you work?

  • Frankfurt is the most generous with its senior bankers - just. An MD can earn a total compensation of £850,000 which is higher than London's median (£839,000)

  • Work 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 lowest 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

Even though top paying cities such as Frankfurt, New York, London and Hong Kong jostle for the best-paying spot, it is worth noting that this ranking would look very different if it were adjusted for tax with Hong Kong a clear step ahead of the pack".

City Base SalaryBonus
New York$400,000$400,000
Hong Kong$370,000$428,000

Source: median figures

Source: median figures


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