London Bonuses: Looking Good

Life is good for at least 37% of financial services professionals in London, reports one UK headhunter.

A Morgan McKinley survey of 220 financial professionals working in investment banks and other financial services reports the following:

  • 80% of London’s financial services professionals received a similar (43%) or higher (37%) bonus than last year
  • 67% stated they were satisfied with their payout and 70% said their bonus either matched or exceeded their expectations
  • This is against a backdrop of 71% of financial services employers stating their companies’ bonus pots were similar or larger than 2007
  • New job vacancies fell 20% in Jan 08 compared to Jan 07 as market uncertainty led to a slower start to hiring for the year
  • However, job numbers still showed substantial growth on Dec 07 figures, up 57%
  • Typical of post-bonus season and consistent with the previous two years, the number of individuals wishing to change jobs rose in Jan 08, up 11% on Jan 07 and 87% on Dec 07
  • Basic salaries increased across all levels with the average salary rising 5% on Jan 07 to £53,246.

via Bloomberg

1 Comment(s)

  1. On Feb 15, 2008, shoegazejames said:

    what’s even better is rich ex-pats (read US bankers) are finally getting taxed properly over here!

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