Bonus Bounce Back for London Banking MDs!


Total compensation has fluctuated substantially over the last 3 years: MDs were down 31% in 2013, but bounced back to +23% for 2014.


Base salary hike: Between 2012 and 2013 base salary remained flat, but 2014 has seen them increase by 12% year on year.


2013 really was a tough year for senior bankers: Bonuses were down 64% in 2013! But with a 30% hike in 2014, total comp is back to 2012 levels.


What of the EU bonus cap regulation so far? Bonus/base salary ratios went from 1.57x in 2012, to 0.96x in 2013, and then back up to 1.22x in 2014.


Robert Benson, CEO at Emolument.com, said: It seems that for good times are rolling again for senior bankers. And it seems unlikely to change anytime soon with the EU bonus cap rule still unlikely to make a significant dent in total compensation as bonus/salary ratios are still below the recommended threshold.


YearsBase Salary Bonus
2014 $285,000$348,000
2013$250,000$240,000
2012$250,000$393,000



MD_Front_office_investment_salary

Source: Emolument.com


RELATED:Which City Pays its Bankers the Best?

 

Emolument provides bonus and salary statistics based on data submitted directly by professionals like you. It is free, anonymous, and already a trusted tool for thousands of professionals worldwide. Are you paid enough? Click here to find out now.


Are you an employer?

Hire and retain the best talent with accurate and reliable data

Benchmark Your Teams

 


Know what you're worth

Compare your compensation with peers in your industry

 





Back to Top