UK
Company: Options Group
This is how much you should be earning as an MD in equity research in EMEA, Asia, the US and Brazil in 2011
International financial services search firm, Options Group, has disclosed some data points from its new and very comprehensive compensation report for 2011. Here’s what they say you should be anticipating, in total comp as an MD in equity research this year. Total compensation forecast, MD, equity research, 2011 US: $750k-$1.0m EMEA: $785-$1.2m Asia-Pac: $1.0-$1.2m LatAm: [...]
Late Lunchtime Links: The bonus pain may be less more manageable if you’re at JPMorgan or aged less than 45
Bonuses will fall. The CEBR says so. Alan Johnson says so. And now the Options Group says so. The Options Group’s figures actually pertain to total compensation, making them all the more depressing. It thinks compensation will fall by 33% in FICC (Johnson thinks bonuses will be down 35-45%), by 29% in equities (Johnson thinks [...]
And 2011 will be a poor year for…
The preamble to 2011 wasn’t great. 2010 deteriorated from April and ended on an uncertain note. Is 2011 going to mark a continuation of the degradation of investment banks to the status of functional utilities? Yes, according to Mike Mayo. In October 2010, Mayo pronounced that 2011 will start a decade which could bring the [...]
Bonus tensions: Algo writers very fed-up with ‘traders’ claiming credit for their achievements
If anyone gets paid this year, it should be people working in electronic trading. It’s a growing area and moves to trade more products electronically mean it can only become more voluminous. Last week, Credit Suisse launched electronic trading of CDS, claiming to be at the ‘cutting edge of today’s evolving marketplace.’ In the circumstances, [...]
Lunchtime Links: 5k for a week’s work experience with Crispin Odey; Brazil is where the really big pay is
Unfortunately, this buying opportunity has passed and it probably won’t appear on the secondary market (eBay), but it’s worth noting that someone has paid 5k for hedge fund work experience. The Telegraph reports that the purchase took place at an auction at the Spirit of Britain Charity Ball at the Savoy. Crispin Odey apparently threw [...]
Bank by bank bonus reforms: where we are now
Although most banks have yet to announce either the percentage of 2009 bonuses to be deferred, or the length of their deferrals, some clarity is emerging. As things stand, this is what’s currently known (and what’s rumoured) about each bank’s bonus plans. Barclays Capital Percentage deferred: Barclays hasn’t said anything on the record, but according [...]
The three highest paying jobs in the City in 2009
Following on from yesterday’s table showing bonus projections by sector, we’ve elicited some figures for bonuses from Options Group (the ‘”leading global executive search, market intelligence and strategic consulting firm with a focus on the financial services industry”). They’re forecasting that the following three roles will be the highest paying in London for 2009. Estimates [...]
Equities salespeople and traders are doing OK
Equity markets may be plummeting, but equity businesses are actually doing surprisingly well. Even more surprisingly, there appears to be some hiring going on. Q3 releases illustrate this strange resilience. Morgan Stanley, for example, saw equities sales and trading revenues leap from $6,572m in the first nine months of 2007 to $8,241m in the first [...]
Bonuses down least in Dubai, most in London and NY
Not entirely surprisingly, bankers in London and New York are expected to suffer more than those elsewhere come bonus time. International financial services headhunter Options Group is predicting a 45-50% reduction in payouts in the two cities, while Dubai bankers will apparently see their pay chopped by only 10-15%. Asia Pac staff are expected to [...]
Making the move to Mumbai
Wall Street and the Square Mile might be kicking investment bankers into the street, but India is taking them on by the team-load. Sourabh Chattopadhyay, director of recruiters Options Group in Mumbai, says local players are competing for people with international banks: “Some international banks have lost key people in the last year and must [...]
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