London Bonuses: Looking Good
By BankersBall on Feb 14, 2008 in Bonuses, London
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


On Feb 15, 2008, shoegazejames said:
what’s even better is rich ex-pats (read US bankers) are finally getting taxed properly over here!