Allowances and the bonus cap regulation

Note: All allowances included in this report have been announced and/or paid during the 2014 bonus season up to 12 February 2014.

Universe: We have examined data from 190 bank employees at Director and MD level in IBD & Markets roles in Europe. Out of those, 36 employees were paid an allowance in 2014


  • Allowances are widespread with 17 different institutions paying allowances
  • The majority have been paid by UK banks in London
  • Wide spread in terms of employees business activities
  • Allowances currently only represent a small proportion of base salary

Directors and MD in IBD & Markets in Europe - 2014 seasonNumber%
Directors and MD who have received an allowance3619

Total allowance poolNumber%
Directors27 75
MD9 33

Employees receiving allowances per locationNumber%

Employers paying allowancesEmployees%
UK Banks1234
Swiss Banks823
French Banks720
Spanish Banks26
US Banks26
Swedish Banks26
Japanese Banks26
German Banks13

Allowance range as percentage of salaryNumber%
0-10% of salary2983

Bonus as a percentage of salaryNumber %
Less than 2x base salary3597
Less than 1x base salary3289
More than 1x base salary 411
More than 2x base salary13


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