Junior bankers receive better pay here than in London

Ian Bolland

Nice work if you can get it.

Junior bankers in the United Arab Emirates are reaping almost 36% more salary than their counterparts in London, with bonuses almost double those paid in the U.K. capital, compensation data provider Emolument said.

Bloomberg reports that fixed salaries at the analyst level in the U.A.E. average $91,000, compared with $73,000 in London, the group said in an e-mailed statement.

Bonuses in the U.A.E., which consists of sheikhdoms including Dubai and Abu Dhabi, averaged $27,000 compared with $14,000. For associates, fixed pay in the U.A.E. was $107,000, compared with $108,000 in London, while bonuses of $40,000 in the U.K. were about 29% higher.

Dubai, which teetered on the brink of default in 2009, is rebounding as equity and property markets soar. Banks including Goldman Sachs and Renaissance Capital are boosting teams in the region and hiring bankers from competitors.

To access the complete Bloomberg article hit the link below:

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