A new risk salary survey
Recruitment firm PSD Group has come out with its annual risk salary survey. It shows that, like lawyers, risk professionals in investment banks are on salaries a lot lower than their counterparts in the front office.
The highest paid risk types are in quantitative risk, where teams were cut back massively and have since been built up again. The lowest paid risk professionals are mostly in operational or credit risk, where hiring has picked up, but not - apparently - enough to bump up salaries to quantitative levels.
Salaries in risk have increased, although by nowhere near the same degree as the front office.
Over the past year, PSD thinks the average risk salary rose 15-20% (although the most desirable quant risk people got a 30% increase).
The numbers:
Market risk salaries:
Director 110-150
VP 85-110
AVP 65-85
Associate 45-65
Analyst 30-45
Additional bonus information: Most bonuses higher than 30%
Credit risk salaries:
Director 100-150+
VP 75-100
AVP 55-80
Associate 45-65
Analyst 35-45
Additional bonus information: Average bonus of 30%
Operational risk salaries:
Director 110-150+
VP 80-110
AVP 60-85
Associate 45-60
Analyst 35-45
Additional bonus information: Average bonus of 25% of salary
Quant risk salaries:
Director 130-200
VP 90-125
AVP 70-85
Associate 60-80
Analyst 35-55
Additional bonus information: Average bonus of 20-60% of salary
