Alleged bank by bank salary increases

Headhunters are starting to amass data on new look salaries at banks operating in London. Making no claims for their accuracy, but having spoken to several recruiters who testify that they 'seem correct,' we're reproducing some of these data points below.

The implication? Citigroup and UBS are paying some of the most generous salaries in the City; BofA Merrill Lynch is lagging behind; Morgan Stanley is comparatively generous to senior staff, less so to those further down the ladder.

Unfortunately, some of the organisations to have raised salaries more recently, such as Credit Suisse and BarCap, aren't included in the tables below. One headhunter tells us he's come across an MD at BarCap on a recently elevated salary of 225k, however.

The tables also omit historical salaries for analysts and associates. These were fairly uniform across banks, with analysts getting 36-50k depending upon seniority, and associates earning 56-70k.

BofA Merrill Lynch

Citigroup

Morgan Stanley

UBS