Big firms tend to pay bigger bonuses

Pot Of Gold

37% more, they say.

London’s investment bankers at firms including Bank of America, Deutsche Bank and Goldman Sachs get bonuses 37% higher than counterparts at smaller firms, according to a new analysis of data.

Bloomberg News reports that Managing Directors at large firms in the U.K. capital typically receive bonuses of $670,000 and base salary of $461,450, Emolument.com, a compensation research firm, said in a statement. Directors are paid bonuses of about £192,000 ($322,176) and fixed pay of £170,000 ($285,260), it said.

European regulators are preparing to outlaw bonuses that are more than twice fixed pay to prevent a repeat of the risk-taking that helped spark the 2008 global financial crisis. Banks are looking for ways to sidestep the European Union rules, which will apply to awards given in 2015 based on this year’s performance.

The survey examined the median pay of 719 bankers and traders working in areas including mergers, trading, debt and equity markets at banks such as UBS, JPMorgan and Morgan Stanley.

To access the complete Bloomberg News article hit the link below:

London's Top Firms Pay 37% More in Bonuses, Survey Says

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