A survey of 5,400 UK finance professionals revealed the deal makers in mergers and acquisitions pip traders to top spot, with the average senior mergers and acquisitions (M&A) banker earning a salary of £168,000 and a bonus of £140,000, raking in £308,000 overall.
The average trader, meanwhile, makes a salary of £175,000 and a bonus of £120,000, meaning a total of £295,000.
However, the survey from salary benchmarking site Emolument.com also included middle managers and back office staff further down the table.
“While base salaries have increased in the last few years, regulation has squeezed banking bonuses,” Alice Leguay of Emolument said.
“Meanwhile, buy-side firms, especially those not subject to pay regulations such as hedge funds and venture capitalist firms have been looking increasingly attractive for bankers looking to retain top paying positions in the industry.”
Middle and back office workers at banks, as opposed to investment banks, are listed with an average salary of £102,000 and a bonus of £128,000.
Here is Emolument’s table in full (click to expand):