UK
Headhunters are starting to amass data on new look salaries at banks operating in London. Making no claims for their accuracy, but having spoken to several recruiters who testify that they ‘seem correct,’ we’re reproducing some of these data points below.
The implication? Citigroup and UBS are paying some of the most generous salaries in the City; BofA Merrill Lynch is lagging behind; Morgan Stanley is comparatively generous to senior staff, less so to those further down the ladder.
Unfortunately, some of the organisations to have raised salaries more recently, such as Credit Suisse and BarCap, aren’t included in the tables below. One headhunter tells us he’s come across an MD at BarCap on a recently elevated salary of 225k, however.
The tables also omit historical salaries for analysts and associates. These were fairly uniform across banks, with analysts getting 36-50k depending upon seniority, and associates earning 56-70k.
BofA Merrill Lynch
Citigroup
Morgan Stanley
UBS
Sarah, is that a big generic???
Kolabrou – it is a bit generic, intended as a rough guide more than anything else.
So they are doubling the salaries.
Sometimes a sentence is easier than 4 tables telling you the same thing
Do people know how these salaries compare to equivalnt at private equity fund? Whilst at it hedge funds, asset management and consultancies too? Thanks.
CITIGROUP 75 NOW 133 REALLY !!! i and my peers will doubtless be harassing HR in the morning…we will blame you..expect the phonecall
i honestly believe that these figures are mischievous…of course there will be people on those salary bandings..but the vast majority of us are not. Bonuses will be good but to suggest that base salaries are at this level is madness !!
Where on earth did you get them from…recruiters !!!! that source of good information !!
How about Deutsche?
what about Bonus
barcap
avp 65-85
vp 95-120
dir 150-200
md 225-300
backdated six months + this already been paid
i can vouch that top Citi VPs are on 130k sterling
i work there
What about Credit Suisse? Rough Estimates?
Note that these new bases are more than likely only applicable for Sales + Trading / IBK personnel, not Support like Tech / Ops.
I can vouch that the ‘previous levels’ are correct, in fact bang in line. As for the ‘current range’ I can not say, it just makes me angry . . . . . . . . .I’m on 65/week . . . . . . .!!
It might be interesting to analyse salary levels of those thousands made redundant in 2009 and salary levels of the jobs they are having to apply for . . . . . . . . .
Barcap levels mentioned above are correct. Across the board too (front office), not just selectively……
Quite a few banks have been raising basics by a factor of last year’s (or the previous year) hence the difference between rev and non rev generater’s new basics
PE Director ..wrong !!! absolutely not across the board
@Getoverit – of course these were only for FO
@barcingmad – you’re incorrect – these WERE across the board in FO
anybody know what we can expect at RBS by any chance?
At RBS I think can expect a pat on the back, a pint of lager and perhaps a packet of crisps if you are lucky
any update on this is welcome