What can you earn in banking?
Financial service salaries can vary a great deal depending on your role, seniority, and location. The incredible figures that make newspaper headlines are not the case everywhere: for example retail banking salaries tend to be considerably lower than those in investment banking. Find out more about retail banking salaries.
Here we will look at salary progression and potential earnings for graduates entering a range of roles from front office to operations. Salaries are given as base salaries (not including bonuses.)
Front office, Markets and Asset Management salaries
|Corporate Banking||Asset Management||M&A||Res-earch||Trading||Sales|
|Senior analyst /executive||45-65k||55-90k||–||55-80k||55-80k||55-80k|
*these figures have been collated from Michael Page Salary Survey 2013 and are for reference purposes only.
Back, middle office (Investment banking) and wealth management salaries
|Compliance Officer||IT – investment management||Risk management||Operations||Wealth Management|
|0-3 years exp.||£28-60k||£45-70k||£30-45k||£30-45k||£35-45k|
|3-6 years exp.||£55-100k||–||£45-65k||£45-60k||£45-75k|
|5-8 years exp.||£80-150k||£65-100k||£60-80k||–||£75-100k|
|Head of Department/ 8-10 years exp.||£100-160k||£85-110k||£80-100k||£80k+||£100-150k|
|Group Head /10 years+||£125-250k||£120-160k||£100-130k||£80-150k||£120k+|
*these figures have been collated from Robert Walters Salary Survey 2013 and are for reference purposes only.