NOTE: if using the data below, it is essential that you refer to Emolument.com as â€˜salary benchmarking siteâ€™ and use hyperlinks to www.emolument.com
Emolument.com has analysed 2015 salary data from 84 middle & back office VP working in Financial Services in London.
Average middle & back office bonuses by bank
What a range! GS back office bonuses are 2x BNP's and 7x the lowest paying bank's (Societe Generale)
.. but it's not all about bonuses: In front office jobs, bonuses can easily equal base salaries, while for middle and back office professionals bonuses rarely add to more than 30% of total pay
Total pay packages buoyed by base salaries: At banks paying low bonuses, higher salaries are used to compensate: Nomura may pay Â£8,000 bonuses, but still ranks second in total remuneration
Average middle & back office bonuses and salaries by bank
Alice Leguay from Emolument.com said: 'As a cost centre, Middle and Back Office doesnt command bonuses in line with front office jobs. However as the need for excellent MBO professionals has risen in the last few years, specifically in risk management and quant departments, employers now pay MBO substantial salaries, which do not lag far behind front office's'.
Emolument.com â€“ an overview Emolument.com was launched in 2012 as the only real-time bonus & salary benchmarking site dedicated to finance and other professional services industries. With over 52,000 contributions from individuals at over 18,500 institutions the service has become the leading provider of validated real-time remuneration data. Emolument.com crowdsources salary and bonus data directly from individual professionals who contribute anonymously. In return, contributors receive free access to aggregated market results broken down by title, location and sector. Emolumentâ€™s mission is to provide greater transparency about what professionals really earn to help them make more informed career decisions.