UK
How much can a lowly risk professional earn in this day and age? Try 300k for a European head of credit and 100k for a mid-ranking credit risk professional with three years’ experience, according to a salary survey courtesy of risk recruiters GRS. The overall conclusion? Work in a hedge fund.
Credit risk management pay in investment banking 2008/2009
European head of credit risk: Average salary: 150k, average bonus: up to 100%.
Emerging markets risk (five years’ experience): Average salary: 75k, average bonus: up to 50%.
Structured credit/leveraged finance risk (five years’ experience): Average salary: 90k, average bonus: up to 80%.
Corporate risk (five years’ experience): Average salary: 70k, average bonus: up to 50%.
Financial institution risk (five years’ experience): Average salary: 70k, average bonus: up to 40%.
Credit risk methodology (five years’ experience): Average salary: 80k, average bonus: up to 80%.
Market risk management pay in investment banking 2008/2009
Quant risk (five years’ experience ): Average salary: 70k, average bonus: 30-50%.
Traded market risk (front office, five years’ experience): Average salary: 70k, average bonus: 30-50%.
Model validation (five years’ experience): Average salary: 80k, average bonus: 30-50%.
Risk jobs in asset managers 2008/2009
Head of risk and compliance (five years’ experience): Average salary: 105k, average bonus: 30-60%.
Operational risk (five years’ experience) : Average salary: 75k, average bonus: 20-30%.
Hedge funds – enterprise-wide risk (five years’ experience): Average salary: 180k, average bonus: 180%.
What is the average salary (up to 1 year exp) for Credit professionals working in the FO/Trading Floor?
You could probably expect up to 40k base, plus a 10-30% bonus.
what is the average salary and bonus for an associate partner in a consulting firm e.g. ibm with 15 yr experience
What is the average salary (up to 2 year exp) for Credit Modelling professionals working in the Trustee?
Zahid – GRS says a senior manager in a systems integrator can expect 80k base, 20% average bonus. A director can expect 110k base, 40% average bonus. Partner can expect 200k base, 30% average bonus.
Piyushk, I’m afraid there are no figs on offer for people working at trustees.
Hi Sarah, many thanks for your response earlier. At the beginning of this article it says that “The overall conclusion? Work in a hedge fund. “.
What are the salary ranges in HFs then?
Very low salaries except for HF. why on earth do they require PhDs, CFAs, top MSc’s for such meagre pay? 5 years means VP, and 100k total package is dire…
GRS survey gives pay for ‘hedge fund enterprise wide risk’ – 3 yrs 120k (pounds), plus 50% bonus. 5 yr figs given above. 8 yrs 150k, bonus 90%.
Hi Sarah,
What will the salary be for a risk professional (ops and credit) with Basel II knowledge and 3-4 years work experience? I am currently contracting on about 450 per day and feel I am being cheated. I am considering going perm for circa 75K +.
Will you say the FRM will add value in terms of money? I have about 4 risk years experience, a Civil Engineering degree, a postgrad diploma in Economics and will be writing the FRM in November.
Lame: 60-75k looks like a reasonable salary. Bonus 20-50%.
What is potential for treasury back office roles in the middle east
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Piyushk – Trustee pay 45-55 and about 10-20% bonus, thay are always looking for people…
There seems to be a lot of confusion with regards to salaries of “risk professionals” what are “risk professionals” and why are there no links with Market risk in general? I am a market risk analyst with in credit derivatives and can’t relate to any of the figures mentioned above. What should a market risk professional with 3-yrs experience expect to get working in a Tier 2 investment bank?
Please can we have an Algo Trading salary survey (for each of the Tech, Quant and Trader sides). That would be really interesting since Algo Traders are basically replacing Traders these days
In the article, what currency are the salaries in?