And the best firms for MD promotions are...

Monty Burns

Who are the top firms with the youngest Managing Directors ?

Salary benchmarking site Emolument.com has examined data from 3,375 employees working for London’s top investment banks between 2013 and 2015.

Some banks will get you to the top faster…

Europe goes for wise…

European institutions such as Lloyds or Societe Generale run MD pools with on average 16+ years of experience

While US banks go for bold:

Goldman Sachs or Morgan Stanley do not hesitate to appoint Managing Directors with under 14 years of experience, with an average MD age of 13 between them

Average years of experience for MDs

Average Years Of Experience Of MDs 

Top 3 banks with youngest MDs

BankAverage years of experience
Goldman Sachs 12
Morgan Stanley 14
Bank of America Merrill Lynch 15

Top 3 banks with most experienced MDs

BankAverage years of experience
Societe generale 19
Nomura 19
Lloyds 19

… but it’s not all about title: how does pay compare?

Being a young MD does not mean you’ll be paid less…: banks with the youngest Managing Directors also lead in terms of pay packages

…while patiently waiting for that MD promotion is unlikely to be rewarded financially: while some compensate a slow career evolution by paying good market rates (Nomura, Barclays), other banks do not make up for a low promotion rate (Societe Generale, Lloyds)

Average yearly income for MDs*

Average Yearly Income For MDs

Top 3 banks in terms of MDs' income*

BankAverage yearly income
JP Morgan Chase £940,000
Deutsche Bank £723,000
Bank of America Merrill Lynch £701,000

Bottom 3 banks in terms of MDs' income*

BankAverage yearly income
Societe Generale £354,000
Commerzbank £410,000
Lloyds £428,000

*Salary and bonuses included

Thomas Drewry, CEO at Emolument.com said: ‘It is well known that some banks who disappoint their employees with poor bonuses often to allay their frustration with a promotion, but it seems that the top US firms know to fast track their best assets, both in terms of career progression and pay package.’

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