This is what you were supposed to have been paid for 2009

20 December 2010

2 minute read

This is what you were supposed to have been paid for 2009

2009's payday may seem as distant as the Coronation of Queen Elizabeth the Second, but it is more significant. What you were paid last year will determine what you are paid this year. If you were paid less than your peers last year, the precedent has been sadly set.

Handily, therefore, here are Michael Page's suggestions for what people ought to have earned in the 2009 bonus round (paid in early 2010). We are not vouching totally for their accuracy (the salaries look at a bit low and some of the categories are unclear). These figures are a benchmark though - read and (possibly) weep.

Corporate finance and M&A

Analyst: Salary: 40k-55k. Bonus: 30-70%

Associate: Salary:50k-90k. Bonus: 30-120%

Vice President: Salary: 80k-120k. Bonus: 30-150%

Director: Salary: 100-170k. Bonus: 30-250%

Managing Director: Salary 150-250k. Bonus: 30-500%

Equity research

Associate analyst: Salary: 35k-55k. Bonus: 30-60%

Associate: Salary: 50-80k. Bonus: 30-100%

Senior/Lead analyst: Salary: 80k-200k. Bonus: 30-250%

Head of research: Salary: 150-250k. Bonus:30-300%

Credit analysis

Analyst Salary: 35-60k. Bonus: 0-40%

Associate Salary: 45-70k. Bonus: 25-50%

Vice president Salary: 70-95k. Bonus: 25-100%

Director Salary: 85k-130k. Bonus: 30-200%

Head of credit Salary: 100-200k. Bonus:30-200%

Product control

Analyst Salary: 35k-48k. Bonus: 5-10%

Associate Salary: 48-55k. Bonus: 10-15%

Assistant vice president Salary: 55k-70k. Bonus: 15-30%

Vice president Salary: 70k-95k. Bonus: 30-50%

Director Salary: 90k-130k. Bonus: 50-70%

Market risk management

Non officer: Salary: 35k-45k. Bonus: 15-30%

Assistant vice president: Salary: 45-60k. Bonus: 30-40%

Vice president: Salary: 60-100k. Bonus: 50-80%

Credit risk management

Non officer: Salary: 35k-45k Bonus: 15-30%

Assistant vice president: Salary: 45k-65k Bonus: 30-40%

Vice president: Salary: 60-80k. Bonus: 80-100%

Quantiative risk management

Non officer: Salary: 35k-50k. Bonus: 20-40%

Assistant vice president: Salary: 45k-65k. Bonus: 30-60%

Vice president: Salary: 60k-100k. Bonus: 50-100%

Operational risk management

Non officer: Salary: 30k-35k. Bonus: 10-20%

Assistant vice president: Salary: 40k-85k. Bonus: 20-30%

Vice president: Salary: 60k-90k. Bonus: 30-50%

AUTHORSarah Butcher

Global Editor

dd
ddd
20 December 2010
The ranges are huge on the bonus front - e.g. CF / M&A Associate 30% to 120%. Meaningless
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Sa
Sarah, Editor, eFinancialCaree
20 December 2010
@Quant - sorry, I don't know. They're not our figures. I suspect it's fudged and includes both.
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Da
Dave
20 December 2010
Do you have any figures for Model Control/Model Review?
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Qu
Quant
20 December 2010
Is this Credit analysis front or back office?
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pi
pinky
20 December 2010
Amazing that the head of equity research is right at the top consider mean/variance adjusted salary....More amazing because developed market equities are not giving much returns and developing market equities are giving exceptional returns even without doing deep research...so I guess this is where the banks can adjust their salaries to get greater value for their money..Looks like the bench mark portfolios have been fudged.
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