Headhunter Publishes Credit Pay Survey

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Derivatives

Headhunter Publishes Credit Pay Survey

March 03, 2003 12:00 AM

Napier Scott has published a remuneration survey of credit derivatives traders and structurers. Managing directors of synthetic structuring in Asia are the biggest earners, netting around GBP1.35 million (USD2.13 million), while their poorer New York colleagues get GBP1.1 million. See below for the full matrix from associate upwards.

 

UK Based
  Bulge Bracket £000,s Package 2nd Tier £000,s Package 3rd Tier £000,s Package
Title CDS Trading Exotic Trading Structuring Synthetic Structuring CDS Trading Exotic Trading Structuring Synthetic Structuring CDS Trading Exotic Trading Structuring Synthetic Structuring
Managing Director 125 + 875 125 + 875 125 + 625 125 + 1125 115 + 585 115 + 585 115 + 485 115 + 635 100 + 500 100 + 400 100 + 300 100 + 300
Snr VP - Director 100 + 700 100 + 700 100 + 500 100 + 700 100 + 350 100 + 350 100 + 250 100 + 400 90 + 260 90 + 210 90 + 210 90 + 210
Vice-President 90 + 410 90 + 410 90 + 260 90 + 410 80 + 270 80 + 270 80 + 220 80 + 320 80 + 170 80 + 170 80 + 170 80 + 170
Senior Associate 80 + 195 80 + 195 80 + 120 80 + 220 70 + 155 70 + 155 70 + 105 70 + 155 60 + 90 60 + 90 60 + 90 60 + 90
Associate 1-2 YRS 70 + 80 70 + 80 70 + 80 70 + 80 60 + 65 60 + 65 60 + 50 60+50 50 + 50 50 + 50 50 + 50 50 + 50
US Based
  Bulge Bracket £000,s Package 2nd Tier £000,s Package 3rd Tier £000,s Package
Title CDS Trading Exotic Trading Structuring Synthetic Structuring CDS Trading Exotic Trading Structuring Synthetic Structuring CDS Trading Exotic Trading Structuring Synthetic Structuring
Managing Director 115 + 785 115 + 785 115 + 585 115 + 985 100 + 500 100 + 500 100 + 350 100 + 600 90 + 360 90 + 360 90 + 260 90 + 310
Snr VP - Director 95 + 605 95 + 605 95 + 455 95 + 605 85 + 315 85 + 315 85 + 215 85 + 365 75 + 225 75 + 175 75 + 175 75 + 225
Vice-President 80 + 320 80 + 320 80 + 170 80 + 270 70 + 230 70 + 230 80 + 170 80 + 270 65 + 135 65 + 135 65 + 135 65 + 185
Senior Associate 65 + 160 65 + 160 65 + 85 65 + 135 60 + 140 60 + 140 60 + 90 60 + 115 55 + 70 55 + 70 55 + 75 55 + 95
Associate 1-2 YRS 50 + 50 50 + 50 50 + 50 50 + 75 50 + 50 50 + 50 50 + 50 50 + 75 45 + 30 45 + 30 45 + 35 45 + 35
Asia Based
  Bulge Bracket £000,s Package 2nd Tier £000,s Package 3rd Tier £000,s Package
Title CDS Trading Exotic Trading Structuring Synthetic Structuring CDS Trading Exotic Trading Structuring Synthetic Structuring CDS Trading Exotic Trading Structuring Synthetic Structuring
Managing Director 140 + 1010 140 + 1010 140 + 660 140 + 1210 130 + 670 130 + 670 130 + 420 130 + 670 120 + 480 120 + 480 120 + 330 120 + 380
Snr VP - Director 120 + 730 120 + 730 120 + 580 120 + 730 115 + 385 115 + 385 115 + 285 115 + 485 110 + 240 110 + 190 110 + 190 110 + 190
Vice-President 100 + 400 100 + 400 100 + 350 100 + 450 90 + 260 90 + 260 90 + 210 90 + 310 100 + 150 100 + 150 100 + 150 100 + 150
Senior Associate 85 + 215 85 + 215 85 + 190 85 + 265 80 + 145 80 + 145 80 + 95 80 + 145 75 + 75 75 + 75 75 + 75 75 + 75
Associate 1-2 YRS 70 + 80 70 + 80 70 + 55 70 + 80 70 + 55 70 + 55 60 + 40 60 + 40 60 + 40 60 + 40 60 + 40 60 + 40
Note : MD packages can vary by up to 400% (including stock options) and can be in excess of £4million
Note : These figures are package figures:stock options have been excluded.
Note : These figures are average packages taken mid term and reflect London prices 01.01.03
Note : 'x' signifies that the info in this field is too small to state or does not exist


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