All respondents

Level of experience 2-3 years 4-6 years 7-9 years 10+ years

Base £000 Benefits % Bonus % Base £000 Benefits % Bonus % Base £000 Benefits % Bonus % Base £000 Benefits % Bonus %
All respondents 40-50 6-10 11-20 55-65 11-15 25-35 70-80 11-15 30-40 80-90 16-20 40-50

Counterparty analysed

Level of experience 2-3 years 4-6 years 7-9 years 10+ years

Base £000 Bonus % Base £000 Bonus % Base £000 Bonus % Base £000 Bonus %
Corporates 30-40 11-20 55-65 25-35 65-75 30-40 80-90 40-50
FIs & NBFIs 40-50 11-20 55-65 21-30 75-85 30-40 90-100 35-45
Structured Credit 40-50 21-30 60-70 21-30 70-80 30-40 90-100 45-55
Emerging Markets 40-50 11-20 55-65 30-40 70-80 30-40 80-90 35-45

By institution

Level of experience 2-3 years 4-6 years 7-9 years 10+ years

Base £000 Bonus % Base £000 Bonus % Base £000 Bonus % Base £000 Bonus %
Investment Bank 40-50 20-30 55-65 25-35 75-85 35-45 90-100 50-60
Corporate Bank 35-45 11-20 55-65 21-30 60-70 30-40 80-90 35-45
Other/NBFI 35-45 15-25 55-65 25-35 65-75 30-40 90-100 35-45

Reference

  • 1. Base (£000) – this refers to the median range for base salaries
  • 2. Bonus (%) – this refers to the median range for bonus as a % of base salary
  • 3. Insufficient data was collated to analyse for 0-1yrs experience
  • 4. Benefits include pension, car allowance, healthcare, share plan etc
  • 5. Structured Credit includes leveraged finance, structured finance and securitisation
  • 6. NBFIs were classified as hedge fund/asset managers, rating agency, broker/dealers, financial companies, insurance/monolines and professional services