London - Zurich Asset management bonuses
20.02.2017.
At all levels of seniority, Zurich compares more favourably than London
The pay gap is especially surprising at junior Analyst level with a 41% differential, thereafter narrowing down to 8% and 7% at VP and MD levels respectively.
Zurich base salaries far outperform London
As much as 50% higher in Zurich at Associate level and 27% for top executives, it's more an abyss than a gap. So if you are weighing up the options, Zurich as a junior banker definitely seems the most rewarding bet.
... But if it's a bonus you are after, think again!
At VP level, bonuses are 50% higher in London and still 36% higher when professionals reach Director level. So while Zurich has a safer and more reliable pay structure, if you trust in your performance, go and find better rewards in London!
| London | Zurich | |||
|---|---|---|---|---|
| Base Salary | Bonus | Base Salary | Bonus | |
| Analyst | $61,000 | $3,000 | $104,000 | $5,000 |
| Associate | $80,000 | $11,000 | $120,000 | $13,000 |
| VP | $125,000 | $42,000 | $153,000 | $27,000 |
| Fund Manager | $161,000 | $88,000 | $160,000 | $28,000 |
| Director | $169,000 | $100,000 | $210,000 | $64,000 |
| MD | $257,000 | $297,000 | $328,000 | $263,000 |
Source: Emolument.com