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 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 |
Source: Emolument.com median figures
Source: Emolument.com median figures
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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