HR Investment Banking Salary Survey

The findings of the second annual Financial Markets HR / Complinet Investment Banking HR Survey has now been released.

It is not surprising to learn that the salary bands in many of the job functions have not changed much over the last 12 months. Firms are now much more geared towards a total compensation philosophy, and performance differentiators are increasingly built into staff bonus payments.

There have, however, been a number of interesting features about City HR in the last year, which include:

  • A continuing shortage of quality candidates across the board, especially in compensation and benefits, and talent management.
  • Hedge funds and private equity firms have begun to enter the market, and are scooping up HR staff, reducing the talent pool further.
  • Overseas postings for City HR staff have become more common. As firms continue to make vast amounts of money, they are more prepared to offer HR relocation packages, especially to Asia, where HR talent is even more scarce.
  • The demand for quality HR staff to come into the City from out of sector continues to outstrip supply.
Matt Honey, director at Financial Markets HR, said: "The war for good quality HR staff continues to gather pace and, knowing that they will have plenty of options, candidates are now prepared to wait longer to find the right opportunity. Talented City HR professionals ward off many opportunistic calls from recruiters each month, and there is no shortage of new roles for those wishing to make a career switch."


HR salary survey
Graduate and campus recruitment
Coordinator/administrator: £23,000 - £28,000
Junior recruiter: £26,000 - £35,000
Senior recruiter: £35,000 - £60,000
Manager: £45,000 - £65,000
European head: £60,000 - £85,000
Global head: £90,000 - £125,000
Lateral recruitment
Recruitment administrator/coordinator: £20,000 - £25,000
Junior recruiter: £25,000 - £35,000
Senior recruiters: £35,000 - £50,000
Recruitment manager: £50,000 - £80,000
European head of recruitment: £75,000 - £90,000
Global head of recruitment: £95,000 - £125,000
Diversity
Divisional diversity representative: £30,000 - £45,000
European head of diversity: £65,000 - £110,000
Global head of diversity: £85,000 - £120,000
Compensation (benefits and pension salaries not covered)
Compensation analyst: £28,000 - £35,000
Senior analyst: £35,000 - £55,000
Senior cash compensation professional/manager: £65,000 - £85,000
Senior executive compensation professional/manager: £70,000 - £100,000
European head of compensation and benefits: £85,000 - £100,000
International head of compensation and benefits: £90,000 - £110,000
Global head of compensation and benefits: £125,000 plus
HRIS
Junior HRIS analyst: £25,000 - £35,000
Senior analyst: £45,000 - £55,000
Manager: £55,000 - £75,000
European/international head of unit: £70,000 - £95,000
Employee relations
ER specialist: £55,000 - £75,000
European head of employee relations: £80,000 - £110,000
Global head of employee relations: £110,000 plus
Organisational/management development/talent management/leadership
Junior specialist: £35,000 - £55,000
Senior specialist: £55,000 - £70,000
Team leader: £70,000 - £85,000
European head of OD/MD: £90,000 - £125,000
Global head of OD/MD: £125,000 plus
European head of leadership: £90,000 - £110,000
Global head of leadership: £120,000 plus
HR generalists/business partners
Junior business partner/relationship manager: £55,000 - £70,000
Lead business partners/senior relationship manager: £65,000 - £90,000
European head of HR, product group: £85,000 - £110,000
Global head of HR, product group: £90,000 - £140,000
International head of HR: £110,000 - £150,000
Global head of HR: £150,000 plus
HR service centres
Junior enquiries clerk: £25,000 - £32,000
Senior enquiries clerk: £28,000 - £36,000
Manager: £45,000 - £60,000
Service centre lead manager: £70,000 - £85,000
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