View more on these topics

City banks continue to lead salary race

Spring Statement PoundsMajor city banks remain at the top of the pecking order when it comes to salaries, but the likes of Facebook and other technology companies are also moving up the list.

According to data from job search website Glassdoor, Credit Suisse topped the list of the UK’s highest-paying companies, with Deutsche Bank coming in third, and Standard Chartered taking fifth place.

The median total pay at the banks, including salaries, bonuses and commissions, was £90,000, £89,500 and £85,000 respectively, the Guardian reports.

However, German software firm Sap and Facebook also made it to second and fourth places, with total median pay packets of £90,000 and £89,000 respectively, with Sap only missing out on top spot because average base salaries were lower than at Credit Suisse.

UBS also made the top ten. Google snuck into tenth position, ahead of Goldman Sachs in 11th.

The Guardian quotes Glassdoor’s Joe Wiggins as saying: “Technology and finance are dominating, which is not surprising. They are fighting over the same talent pool and battling it out for the really hard-to-hire roles such as software engineers and data scientists.”

Median gross annual earnings in the UK were £24,006 last year, according to government statistics.

Recommended

Brewin Dolphin buys Investec’s Irish wealth arm

Brewin Dolphin has sealed its deal to buy the wealth management business of Investec Group in the Republic of Ireland, as it looks to raise £60m more from shareholders in a bid to shore up its capital position and continue expanding after a host of recent acquisitions. Last month, Brewin confirmed it was in “exclusive […]

3

Hammond warns no deal will ‘knowingly damage’ economy

Backing a no deal Brexit would “knowingly damage” the economy, chancellor Philip Hammond will warn in a speech to business leaders today. Hammond will use the platform at the Confederation of British Industry to criticise those pushing a for a clean break with the EU, saying they would be doing deliberate damage to the UK […]

Foundation research reveals tax specialist opportunity

The increasing use of limited companies by portfolio landlords is opening up the opportunity for mortgage advisers to develop relationships with tax specialists, according to research from Foundation Home Loans. Figures collected by the lender show that 62 per cent of portfolio landlords use a tax adviser, while 54 per cent of all landlords use […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com