Which city pays its bankers the most?
Have you ever been tempted to uproot and move to a fabled land of opportunities? Below is a look at banking directors' paychecks across main financial centres. Topping the table is Hong Kong, with a median salary and bonus of GBP115,000 (USD 190,000) and GBP57,000 (USD 93,000) respectively (go to www.emolument.com to view these figures in various currencies). European bonuses being constrained bonus caps regulations, has boosted fixed salaries in line with New York's, to the GBP100,000 (USD 164,000) mark.
It is not surprising that Director level salaries in the major financial centres such as London and New York show a clear lead over those paid in smaller markets such as Madrid and Milan. Indeed this is true for other seniority levels too. The extent of the difference though, with base salaries of around GBP100,000 (USD 164,000) versus GBP60-70,000 (USD 100-110,000) is indeed significant. For ambitious bankers looking to move to one of the major financial capitals though it is worth remembering that the higher base salary may be more than outweighed by the higher cost of living and a more stressful quality of life...
Directors in Investment Banking & Markets Salaries and bonuses
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