UK FUND managers and analysts earn far more than their counterparts around the world, according to the latest survey from the CFA Institute.
The survey found that bankers in the City earned up to 40 per cent more than investment professionals in ten other countries, including the US and Japan.
The CFA Institute, a global professional trade association representing analysts and portfolio managers, found that the median total compensation for UK-based professionals was £115,000 — including £70,000 of base salary, anticipated cash bonus of £30,000 and non-cash compensation of £5,000.
The highest paid were those that managed hedge funds. Pay among this group was about 60 per cent higher than the average. Security broker dealers were also paid more than the average — about 32 per cent.
Despite their high pay, investment professionals in the City earned only slightly more than those located outside the Square Mile and Canary Wharf. A person with more than a decade of experience earned 47 per cent more than the median.
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In the second-best-paid category were Switzerland, Japan and the US, while bankers in Australia, Germany and South Africa formed the third tier. Investment professionals in Singapore, Canada and Hong Kong earned far less.