GF
The $220k retail banking roles for Emiratis in the UAE
Any retail banking branch manager positions in the UAE have to be filled by Emiratis and, as we’ve pointed to previously, most national candidates end up in retail or commercial banking positions. Compared to investment banking, where the work is competitive and the hours are long, these roles are relatively easy. And, with the sort [...]
Last week, the CEBR predicted bonuses will fall 48%. This week, a renowned pay consultant says they’ll rise
Alan Johnson, the Wall Street pay consultant who works with numerous Wall Street banks, and Credit Suisse has produced his first set of bonus predictions for 2012. Given his exposure to actual banks, you’d think Johnson knows what he’s talking about. This is good, because he thinks bonuses will increase in 2012. Johnson thinks FICC professionals [...]
By 2014 London salaries at Goldman Sachs may be £2m, salaries at Citi may be £1.5m, salaries at Barclays £650k and salaries at Deutsche £550k
Starting at 4.30pm today, the EU Parliament’s Monetary Affairs Committee will debate and then vote upon the proposal that banking bonuses should be restricted to no more than 100% of banking salaries. By all accounts, they’re likely to vote in favour of the move. Members of the Monetary Affairs Committe include various prominent socialists: You [...]
Would you stick around in the Middle East if income tax was imposed?
In Qatar and the UAE it’s the locals in the banking sector able to earn the more attractive salaries. In Saudi expat pay outstrips that of the indigenous population in the private sector. Nonetheless, a controversial plan to introduce income tax for expats to level the playing field has been rejected by the government. All [...]
Counter-offers of up to 25% are becoming more common, but is it wise to accept one?
As a financial services professional in the Middle East you don’t need telling again that times are tough currently. However, in certain positions, employers are so keen to keep hold of their staff that they’re putting counter-offers of up to 25% on the table. In the main, according to research by recruiters Robert Half, those [...]
A comprehensive salary survey that suggests investment banking salaries increased for associates and VPs in the UAE last year
It’s no secret that the past few years haven’t been great for the investment banking industry in the GCC, and 2011 was a particularly arid deal landscape. While bonuses have understandably not been large this year, base salaries have generally held up well and – in the case of associates and vice president roles – [...]
Expats are demanding 20-30% more to work in Abu Dhabi or Qatar
An increasing number of expats have slowly come to realise that not all the best financial services jobs are in Dubai, and more and more are considering options in the likes of Abu Dhabi and Qatar. However, they’re also demanding more money. It’s now possible to earn 20-30% more working in a financial services position [...]
Compliance, risk and audit are the places to be for pay rises, and other key financial services salaries in the UAE
The days of large bonuses and pay rises within the Gulf financial sector are long gone, but it’s still possible to secure an increase in certain positions. Specifically, according to a new salary guide for the UAE by recruiters Robert Half, those in audit risk and compliance are in demand, which is translating into increased [...]
GUEST COMMENT: Bank by bank, this is what associates in M&A got paid in London this year
“’All I wanna do is go the distance. Nobody’s ever gone the distance with Creed, and if I can go that distance, you see, and that bell rings and I’m still standin’, I’m gonna know for the first time in my life, see, that I weren’t just another bum from the neighbourhood.” We have taken [...]
Everything we know so far about bonuses and deferrals, bank-by-bank – UPDATED
Here’s another update to all previous articles on the state of bonuses, cash caps and deferrals on a bank-by-bank basis this year, here’s what we know now. Feel free to email us at Editor@eFinancialCareers.com or to leave a comment if you know additional details that we don’t. Barclays Capital Cash bonus cap? Yes. BarCap is [...]
Follow eFinancialCareers
What is RSS?
Advice
