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PAY NEWSRisk salary survey4 July 2008COMMENTSGRS says a senior manager in a systems integrator can expect £80k base, 20% average bonus. A director can expect £110k base, 40% average bonus. Partner can expect £200k base, 30% average bonus. Read all comments »How much can a lowly risk professional earn in this day and age? Try £300k for a European head of credit and £100k for a mid-ranking credit risk professional with three years’ experience, according to a salary survey courtesy of risk recruiters GRS. The overall conclusion? Work in a hedge fund.
Credit risk management pay in investment banking 2008/2009
European head of credit risk: Average salary: £150k, average bonus: up to 100%.
Emerging markets risk (five years’ experience): Average salary: £75k, average bonus: up to 50%.
Structured credit/leveraged finance risk (five years’ experience): Average salary: £90k, average bonus: up to 80%.
Corporate risk (five years’ experience): Average salary: £70k, average bonus: up to 50%.
Financial institution risk (five years’ experience): Average salary: £70k, average bonus: up to 40%.
Credit risk methodology (five years’ experience): Average salary: £80k, average bonus: up to 80%.
Market risk management pay in investment banking 2008/2009
Quant risk (five years’ experience ): Average salary: £70k, average bonus: 30-50%.
Traded market risk (front office, five years’ experience): Average salary: £70k, average bonus: 30-50%.
Model validation (five years’ experience): Average salary: £80k, average bonus: 30-50%.
Risk jobs in asset managers 2008/2009
Head of risk and compliance (five years’ experience): Average salary: £105k, average bonus: 30-60%.
Operational risk (five years’ experience) : Average salary: £75k, average bonus: 20-30%.
Hedge funds – enterprise-wide risk (five years’ experience): Average salary: £180k, average bonus: 180%.
COMMENTSgopanb, Fri 04 Jul 08What is the average salary (up to 1 year exp) for Credit professionals working in the FO/Trading Floor? Add your comment »Sarah, Editor, eFinancialCareers, HR & Recruitment, Fri 04 Jul 08You could probably expect up to £40k base, plus a 10-30% bonus. Add your comment »zahid, Consultancy, Fri 04 Jul 08what is the average salary and bonus for an associate partner in a consulting firm e.g. ibm with 15 yr experience Add your comment »piyushk2007, Fri 04 Jul 08What is the average salary (up to 2 year exp) for Credit Modelling professionals working in the Trustee? Add your comment »Sarah, Editor, eFinancialCareers, HR & Recruitment, Fri 04 Jul 08Zahid - GRS says a senior manager in a systems integrator can expect £80k base, 20% average bonus. A director can expect £110k base, 40% average bonus. Partner can expect £200k base, 30% average bonus.
gopanb, Fri 04 Jul 08Hi Sarah, many thanks for your response earlier. At the beginning of this article it says that "The overall conclusion? Work in a hedge fund. ".
jim, Derivatives, Fri 04 Jul 08Very low salaries except for HF. why on earth do they require PhDs, CFAs, top MSc's for such meagre pay? 5 years means VP, and 100k total package is dire... Add your comment »Sarah, Editor, eFinancialCareers, HR & Recruitment, Fri 04 Jul 08GRS survey gives pay for 'hedge fund enterprise wide risk' - 3 yrs 120k (pounds), plus 50% bonus. 5 yr figs given above. 8 yrs 150k, bonus 90%. Add your comment »Lame, Risk Management, Fri 04 Jul 08Hi Sarah,
Bad_to_the_Bone, Risk Management, Fri 04 Jul 08Will you say the FRM will add value in terms of money? I have about 4 risk years experience, a Civil Engineering degree, a postgrad diploma in Economics and will be writing the FRM in November. Add your comment » |
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