These are the best paying jobs in the financial services sector

Money

Feel like you’re being underpaid in your finance job? Get some deals done.

Senior M&A bankers are, on average, the best paid professionals working in financial services, according to a new study out today.

Dealmakers pip traders to top spot, with the average senior M&A banker earning a salary of £168,000 and a bonus of £140,000, raking in £308,000 overall.

The average trader, meanwhile, makes a salary of £175,000 and a bonus of £120,000, meaning a total of £295,000.

At the other end of the table, compiled by salary benchmarking site Emolument.com, were middle and back office staff at asset managers and banks, earning £112,000 and £128,000 respectively.

“While base salaries have increased in the last few years, regulation has squeezed banking bonuses,” Alice Leguay of Emolument said.

“Meanwhile, buy-side firms, especially those not subject to pay regulations such as hedge funds and VC firms have been looking increasingly attractive for bankers looking to retain top paying positions in the industry.”

Read more: The real cost of life in five global financial centres

Here is Emolument’s table in full:

Rank. (Industry) Job - Salary - Bonus - Total

1. (Bank) M&A - £168,000.00 - £140,000 - £308,000

2. (Bank) Trading - £175,000.00 - £120,000 - £295,000

3. (Bank) Institutional Sales - £175,000.00 - £113,000 - £288,000

4. (Bank) Structuring - £164,000.00 - £105,000 - £269,000

5. (Bank) Origination & Syndication - £162,000.00 - £103,000 - £265,000

6. (Bank) Company Research - £160,000.00 - £95,000 - £255,000

7. (Bank) Corporate Broker - £130,000.00 - £125,000 - £255,000

8. (Bank) Quantitative Research - £155,000.00 - £98,000 - £253,000

9. (Bank) Sales Trading - £160,000.00 - £85,000 - £245,000

10. (Bank) Quantitative Structurer - £148,000.00 - £95,000 - £243,000

11. (Bank) Research Generalist - £158,000.00 - £84,000 - £242,000

12. (Buy side) VC Investment - £140,000.00 - £102,000 - £242,000

13. (Buy side) Trading - £125,000.00 - £115,000 - £240,000

14. (Bank) Execution - £155,000.00 - £82,000 - £237,000

15. (Bank) Broker - £175,000.00 - £55,000 - £230,000

16. (Bank) Prime Brokerage Sales - £170,000.00 - £55,000 - £225,000

17. (Buy side) Fund & Portfolio Managers - £124,000.00 - £90,000 - £214,000

18. (Bank) Product Strategy - £168,000.00 - £45,000 - £213,000

19. (Buy side) Asset Gathering/Fundraising - £118,000.00 - £90,000 - £208,000

20. (Bank) Economist - £155,000.00 - £50,000 - £205,000

21. (Bank) Project Finance & PFI - £138,000.00 - £55,000 - £193,000

22. (Buy side) Company Research - £120,000.00 - £70,000 - £190,000

23. (Bank) Product Developement / Management - £150,000.00 - £30,000 - £180,000

24. (Bank) Corporate Banking - £128,000.00 - £50,000 - £178,000

25. (Buy side) Deal Execution - £86,000.00 - £90,000 - £176,000

26. (Buy side) Relationship Management - £115,000.00 - £60,000 - £175,000

27. (Buy side) Product Specialist - £110,000.00 - £65,000 - £175,000

28. (Rating agency) Data Vendor - £115,000.00 - £58,000 - £173,000

29. (Bank) Custody - £138,000.00 - £33,000 - £171,000

30. (Bank) Asset Liability & Management Sales - £125,000.00 - £44,000 - £169,000

31. (Bank) Coverage / Relationship Management - £125,000.00 - £42,000 - £167,000

32. (Buy side) Product Development & Marketing - £107,000.00 - £49,000 - £156,000

33. (Bank) Risk & Actuary - £125,000.00 - £30,000 - £155,000

34. (Bank) Trade Finance - £133,000.00 - £19,000 - £152,000

35. (Buy side) Institutional Sales - £109,000.00 - £43,000 - £152,000

36. (Bank) Asset Finance / Leasing - £115,000.00 - £36,000 - £151,000

37. (Buy side) Risk & Actuary - £118,000.00 - £24,000 - £142,000

38. (Rating agency) Rating Analysis - £111,000.00 - £28,000 - £139,000

39. (Rating agency) Research / Economist - £110,000.00 - £24,000 - £134,000

40. (Bank) Middle & Back Office - £102,000.00 - £26,000 - £128,000

41. (Buy side) Middle & Back Office - £92,000.00 - £20,000 - £112,000

Read more: How to be a good boss: Top 10 things employees want from their superiors

Full story: These are the best paying jobs in the financial services sector: City A.M.

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