NL
This is what you can earn as a quant in London, New York, Paris, Singapore or Hong Kong
We have some figures for quant salaries from recruitment firm Selby Jennings. They hark back from November, but we are assured they remain correct. They are presented below, without comment.
Late Lunchtime Links: It’s ok – Deutsche is paying £167k cash bonuses; was Hester talking about Antonio Polverino’s alleged £7m package this morning?
Deutsche Bank’s cash cap is not nearly as bad as we’d feared. Following ominous rumours that the German bank was contemplating capping cash bonuses at just £41k, Bloomberg reports that Deutsche’s cap is actually €200k, or £167k. If so, it leaves Deutsche’s cap in-line with the £172k cash limit originally mooted by Credit Suisse and [...]
UBS is paying select senior staff an extra £80k a year in an attempt to retain them; if you want an instant bonus try a Russian bank (but not VTB)
Things are still bad at UBS, but they are less bad than they seemed yesterday. The Financial Times notes that the Swiss bank is making some special payments to discourage special people from leaving. Mentioned on slide 24 of its analyst presentation, these payments will be comprised of stock awards currently totaling CFH300m (£207m) and [...]
Everything we know so far about bonuses and deferrals, bank-by-bank
As a follow-up to our earlier article 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. Bank of America Cash bonus cap? Yes, but it [...]
Lunchtime Links: Credit Suisse paid its 32 year-old head of European high yield credit trading £4.2m; is UBS going to be clawing back bonuses?
In another reminder of the enormous pay packages on offer in times past, it has emerged that Credit Suisse paid Asif Turabali Mohamedali, its 32 year old head of high yield credit trading £4.2m in one year before he was dismissed in 2009. However, in a simultaneous reminder that big pay often comes with big [...]
Where will you find these 4,050 new financial services jobs apparently created in London in January?
If you are out of work, or working at RBS, or about to get paid nothing or nearly nothing at UBS, then this may come as quite wonderful news: there were 4,050 new financial services jobs created in London in January. At least, so says recruitment firm Astbury Marsden, which has run a few calculations [...]
Disaster as the UBS investment banking bonus pool is reduced by at least 60%, making zeroes inevitable
After all the waiting, the worst seems to have come to pass. Still ensconced in Wandsworth prison, Kweku Adoboli appears to have precipitated a 60% (minimum) reduction in the UBS investment banking bonus pool. The figures are given in a confusing graph included in today’s investor presentation. Shown below, this shows the portion of the [...]
17 days until the equities jobs apocalypse at RBS: here’s who’s hiring. Rumoured structured finance horror happening soon at Macquarie
Time is passing on by if you’re one of the many, many, many people working either in RBS’s swollen equity research team, or elsewhere in its equities business and you don’t have anywhere else to go. Lazard has until the 23rd of January to find a buyer. So far, none appears to have come forward. Admittedly, Jefferies [...]
Late Lunchtime Links: Goldman Sachs is going out of its way to attract teenage girls
As we’ve observed, banking’s not a particularly popular career with young women.Only 20% of banks’ graduate applicants tend to be women. Only 22% of FSA registered persons (who may admittedly be any age) are women. Now, Goldman Sachs is doing something about it. It is specifically targeting girls who are doing their A levels. 13 [...]
Terrible cash caps rumoured at both Deutsche and BarCap
Bankers at Deutsche and BarCap should learn their bonuses this week. Early indications are concerning: both banks are alleged to be plotting punitive cash caps. Headhunters say BarCap is rumoured to be contemplating a £60k cash cap. And Deutsche is rumoured to be deferring 70% of compensation above a mere €50k (£41k). We’ve been here [...]
Follow eFinancialCareers
What is RSS?
