This is how much you should earn now as a front office banker in your 20s, 30s and 40s
There will be a lot of these if you work in banking
Do you work in a front office sales, trading or advisory role in an investment bank? Are you well paid? The answer is almost certainly yes if you're comparing yourself to the average UK pay packet of around £26k, or the average U.S. salary of around $69k.
If you work in banking, however, your comparators are almost certainly other bankers. In this case, you may want to benchmark yourself against the figures below, based upon 4,171 London investment banking pay points amassed by banking salary benchmarking company Emolument. The figures below include base salary plus bonus.
As a banker in your early 20s, you can expect to earn...
- £53k ($87k). This is the average salary and bonus paid to front office bankers in London aged between 22 and 25 according to Emolument
As a banker in your mid-20s, you can expect to earn....
- £87k ($143k) This is the average salary and bonus paid to front office bankers in London aged between 24 and 27 according to Emolument.
As a banker in your late 20s-early 30s, you can expect to earn...
- £159k ($261k) This is the average salary and bonus paid to front office bankers in London aged between 27 and 33 according to Emolument.
As a banker in your mid-to-late 30s, you can expect to earn...
- £272k ($446k). This is the average salary and bonus paid to front office bankers in London aged between 33 and 40 according to Emolument.
As a banker in your 40s, you can expect to earn...
- £599k ($983k) This is the average salary and bonus paid to front office bankers in London aged 40+ according to Emolument.
