Post-Brexit moves to Paris, Frankfurt would mean hefty pay cuts for UK bankers

LONDON: London-based bankers considering a possible relocation if Britain votes out of the European Union would suffer pay cuts of up to 80 per cent if they were to move to Frankfurt or Paris, data from salary-benchmarking site Emolument showed.

Analysing 8,065 salaries for front-office banking roles in London, Frankfurt and Paris, Emolument found that London bankers earned higher salaries than their German or French peers, from entry-level analyst jobs right up to coveted managing director positions.

This article was published in The Economic Times, 23rd June 2016