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Bank Loan: UK investment bankers' salary rises by 20%

Investment banks in the UK have increased their staff's average basic salary by around 20 per cent over the past 12 months, according to new research.

A survey by financial services recruitment company Astbury Marsden has revealed that employees saw their pay rise to around £97,500 this year, compared to £81,250 in 2009.

Many firms have decided to increase the basic pay given to staff before tough new regulations on bonuses are enforced.

Barclays, Credit Suisse and UBS have all chosen to hike basic salaries to ensure employees basic pay remains the same after the new bonus rulings are implemented.

"These pay rises have inevitably meant that there will be less available in the bonus pot," Astbury Marsden managing director Jonathan Nicholson told Bloomberg.

"Managers will have to ensure that staff expectations are realistic."

Some vice-presidents at these investment firms may be earning base pay of over £160,000, according to the report.

Posted by Amir Hussain

Amir specialises in personal loans, consumer debt and debt management ADNFCR-2776-ID-800272436-ADNFCR

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