☰ Menu eFinancialCareers

A short history of the Barclays bonus

Barclays bonuses

Bonuses at Barclays have been sinking for a long time

Bad things have been happening to the bonus pool at Barclays’ investment bank. If reports are correct, it will be lower than ever for 2015 – at £900m ($1.3bn), down from £2.7bn in 2010, a decline of 67% in five years.

Nor is there much cheer from a bonus-per-head-perspective. If Barclays has indeed cut its investment banking headcount by 1,200 people, to 19,300, the implication is that bonuses per head in the investment bank will be £48k this year – their lowest ever.

It’s not all bad though. Barclays’ investment bankers received substantial salary rises back in 2009. They also receive giant ‘role-related allowances’ – Tom King (ex-CEO of the investment bank) got £642k last year. 


Photo credit: Heartland-Arts, istock. thinkstock

 

Comments (2)

Comments
  1. don’t forget from 2009 all IB staff have had “Additional Fixed Payments” added to their base salaries, this was done when the trend was to more fixed compensation rather than variable. Theoretically bonuses were reduced because of these AFP payments so Total Compensation remained the same

    Early 2014 the AFP was rolled into the base salary, bonuses are still relatively good. Total Compensation therefore at BARC is well up over recent years.

  2. >>Early 2014 the AFP was rolled into the base salary, bonuses are still relatively good. Total Compensation therefore at BARC is well up over recent years.

    Please let me know which department you work in, as 2014 bonuses were absolute crap in my neck of the woods (middle office). Barclays is current amongst the lowest total comp payers across the I-banks, at least in the U.S. market.

    PrivateCitizen Reply
     

The comment is under moderation. It will appear shortly.

React

Screen Name

Email

Consult our community guidelines here