Recruitment firm PSD Group has produced its annual salary and bonus survey, the long and short of which is...compliance salaries in investment banks are up 5-10% on last year and 2007 bonuses were the same or slightly higher than in 2006.
The figures are:
Compliance analyst: 1-3 yrs' experience, salary 35k-40k, bonus 5-10%
Compliance associate: 2-5 yrs' experience, salary 40k-50k salary, bonus 10-15%
Compliance manager: 4-7 yrs' experience, 55k-75k salary, 20-30% bonus
Compliance director: 6-10 yrs' experience, salary 80k-120k salary, 40-60% bonus
Global head of compliance: 8+ yrs' experience, 110k-150k salary, 50-75% bonus
The report also conveys that compliance hiring has largely ground to a halt in investment banks and that the anticipated rush of recruitment post-MiFID hasn't happened. Hedge funds, wealth managers and institutional asset managers are still eager to hire compliance types, however.
Click here to see the survey in full.