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Risk salary survey

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%.

Comments (17)

Comments
  1. What is the average salary (up to 1 year exp) for Credit professionals working in the FO/Trading Floor?

  2. You could probably expect up to 40k base, plus a 10-30% bonus.

    Sarah, Editor, eFinancialCareers Reply
     
  3. what is the average salary and bonus for an associate partner in a consulting firm e.g. ibm with 15 yr experience

  4. What is the average salary (up to 2 year exp) for Credit Modelling professionals working in the Trustee?

  5. 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.

    Sarah, Editor, eFinancialCareers Reply
     
  6. 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?

  7. 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…

  8. 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%.

    Sarah, Editor, eFinancialCareers Reply
     
  9. 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 +.

  10. 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.

    Bad_to_the_Bone Reply
     
  11. Lame: 60-75k looks like a reasonable salary. Bonus 20-50%.

    Sarah, Editor, eFinancialCareers Reply
     
  12. What is potential for treasury back office roles in the middle east

  13. i found this sit very useful but i need your help in one of my study matter i am a studying in msc and my subject is financial market and derivative i like to know the related topic name/current problem in financila companies over which i can work and prepare my 15000 words dissertation that can be usefull for the financial companies in future as well. ali_ptcl@hotmail.com

  14. Piyushk – Trustee pay 45-55 and about 10-20% bonus, thay are always looking for people…

  15. 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?

  16. 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

  17. In the article, what currency are the salaries in?

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