Who is top of the front office 'fairest bank' league table ?
UBS and Credit Suisse are the most generous to their London senior front office staff among investment banks, as ranked by the ratio of average director bonuses to mergers and acquisitions revenue, according to Emolument.com.
Bloomberg News reports that Rothschild ranked third in the survey of 1,077 front office directors, with bonuses measured as a percentage of total M&A transactions in 2014, the salary benchmarking site said in an e-mailed statement on Wednesday.
Fairest banks league table
|6||JP Morgan Chase|
|9||Bank of America Merrill Lynch|
How employer fairness is calculated : (2014 Total M&A income of Bank] / (Average Director bonus of Bank)
Average bonus by bank
Banks bonuses and M&A results
|Bank||Bonus (in £)||Total M&A transactions values FY2014 (in million £)|
|JP Morgan Chase||£238,000||£191,000|
|Bank of America Merrill Lynch||£202,000||£218,000|