Credit derivatives professionals' paychecks were flat or down on last year, according to a survey by headhunting firm Sheffield Haworth. Credit has been one of the hottest areas in derivatives for the last few years and salaries have been rising steadily, but salaries were capped to subsidize less profitable areas of firms, said one senior credit derivatives pro.
However, Marie Njie, associate at Sheffield Haworth in London, said the outlook for next year is better as credit derivatives will continue to grow.
Click here for full survey results.
