City of London remuneration lags behind Canary Wharf
We have examined 2014/2013 salary and bonus data from 1,863 Canary wharf and City bankers
- Across all levels of seniority, Canary Wharf is the most rewarding city: 9% and 8% total pay gap at Intern and Analyst level respectively, widening out to 21% at Associate level
- Base salaries are higher in Canary Wharf: by 12% at VP level, 9% for and 4% at Associate and Managing Director level
- ... as are bonuses! at VP level, bonuses are 25% higher in Canary Wharf, 50% higher at Analyst level, 33% for VPs, and 23% at Director and Associate levels.
|Canary Wharf||City of
|Title||Base Salary||Bonus||Base Salary||Bonus|
|Student||£ 45,000||£ 0||£ 41,000||£ 0|
|Analyst||£ 50,000||£10,000||£ 50,000||£5,000|
|Associate||£ 78,000||£40,000||£ 75,000||£31,000|
|VP||£ 125,000||£90,000||£ 110,000||£60,000|
|Director||£ 168,000||£150,000||£ 153,000||£120,000|
|MD||£ 260,000||£383,000||£ 250,000||£293,000|
Source: Emolument.com median figure
Source: Emolument.com median figures
Top banks based in Canary Wharf:
Bank of America Merrill Lynch, Barclays, Citigroup, CreditSuisse,HSBC,Halifax,JP Morgan,Morgan Stanley, Santander, Wells Fargo...Top banks based in the City:
BNP Paribas, Caixa Bank, Commerzbank, Credit Agricole, Deutsche Bank, Espirito Santo, Lloyds, Mitsubishi, Royal Bank of Scotland, Societe Generale, Standard Chartered, UBS...
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