4 Sep

Investment banking salaries up 20 per cent

first_img Share Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp Tags: NULL whatsapp Friday 3 December 2010 9:05 am THE average basic salary for investment banking staff in the City has risen by 20 per cent over the last year, a survey by financial services recruitment company Astbury Marsden said on Friday.As political pressure mounts on City firms to curb their end-of-year bonus packages, many companies have sought to offset this by increasing their basic remuneration.Astbury Marsden said average base salaries for back, middle and front office level staff across all investment banks had increased to £97,500 from £81,250 last year.Despite public anger at large pay deals for City staff in the wake of the credit crisis, many top performers remain in line for lucrative payouts at the end of the year.A survey this week by recruitment firm Ambition said UK accountants were set for higher bonuses, while HSBC and Barclays banks told Reuters they had to keep competitive salaries to hold on to top staff. Investment banking salaries up 20 per cent Show Comments ▼ alison.lock last_img read more