Time for an increase in base pay?

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With bonuses being slashed anything from 50-80% this year and UBS, Morgan Stanley, and Credit Suisse all amending reward structures to the probable detriment of bonuses in the near future, is now the time to increase base pay?

According to equities bankers questioned by search firm Marshall Warburton, it is.

"Below main board level there has been little increase in basics in recent years and they remain well below the levels in industry, commerce and some of the professions," write the report's authors.

With doctors and headteachers on six figures, are bonus-less bankers in danger of being underpaid?

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