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.
Highlights:
- 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
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 Salary | Bonus |
---|---|---|
Frankfurt | $446,000 | $404,000 |
London | $411,000 | $428,000 |
New York | $400,000 | $400,000 |
Hong Kong | $370,000 | $428,000 |
Singapore | $304,000 | $460,000 |
Dubai | $352,000 | $256,000 |
Madrid | $313,000 | $207,000 |
Zurich | $343,000 | $146,000 |
Paris | $238,000 | $225,000 |
Geneva | $314,000 | $112,000 |
Milan | $273,000 | $136,000 |
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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