Front office VP salaries are a lot higher than 98k

29 November 2010

1 minute read

Front office VP salaries are a lot higher than 98k

According to Astbury Marsden, salaries for VP-level staff in investment banks have risen to an average of 97.5k this year, up from 82.3k last year.

However, these figures look a little low.

Last year, we reported that front office salaries for VPs were anything up to 140k.

One corporate finance headhunter tells us that his research suggests VPs in M&A can expect the following salaries at the following banks:

Deutsche Bank: 100-150k

Goldman Sachs: 160-220k

JPMorgan: c120k

Morgan Stanley 100-160k

UBS: 150-200k

"The average is more like 130k," he says.

Jonathan Nicholson, managing director of Astbury Marsden, says their figures are mostly derived from their experience of placing people in the middle office.

"Our focus is middle and back office functions rather than pure front office," he divulges. "We cover mid-ranking technology, risk, finance and trade support roles."

AUTHORSarah Butcher

Global Editor

Bo
Bobby
1 December 2010
Useless article. Why reporting a recruiter that hires in MO when you are writing about salaries in the FO?
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Ni
Nick C
30 November 2010
...I work with Astbury Marsden and just wanted to clarify -- the figure of 97.5k is an average for back, middle and front office VP level staff across all banks.
Obviously staff in some banks will be paid higher salaries, and those working in the front office will be paid more. However, those with higher base salaries (for example corporate finance at Goldman Sachs) will get diluted down by other salaries that are not so high.
This figure represents an average salary for VP staff across banks and across the front, middle and back office.
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Jo
John
30 November 2010
Astbury Marsden are FO focussed - they call me enough about FO roles!
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Mi
Mika76
30 November 2010
yeps, but that's the only thing you cant control mate.
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Th
The Hun
30 November 2010
per performance may be a key factor Mika...
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