Banking salaries in the UK for those earning over a €1 million rose by more than a third last year, according to the European Banking Authority.

Average total pay for the top 2,714 highest paid UK bankers has grown from €1.4 million to €2 million.

Big bonuses

Banking bonuses for these high-fliers have also risen to almost four times their salary: the banking regulator warns that this trend could lead to conflict with the new bonus cap.

This limit, which will come into force next year, will restrict bonuses to 100% of salaries, or 200% with shareholder approval. Read more on the Financial Times website.

Find out more about investment banking salaries and compare salaries for those working in different areas of banking and financial services.


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