Bankers in mergers and acquisitions are the best paid in financial services, but economists, relationship managers and product specialists also feature in the top 40.
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.
Bonuses squeezed
“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):
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
