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Risk salary survey

4 July 2008

Sarah Butcher

How much can a lowly risk professional earn in this day and age? Try £300k for a European head of credit and £100k for a mid-ranking credit risk professional with three years’ experience, according to a salary survey courtesy of risk recruiters GRS. The overall conclusion? Work in a hedge fund.

Credit risk management pay in investment banking 2008/2009

European head of credit risk: Average salary: £150k, average bonus: up to 100%.

Emerging markets risk (five years’ experience): Average salary: £75k, average bonus: up to 50%.

Structured credit/leveraged finance risk (five years’ experience): Average salary: £90k, average bonus: up to 80%.

Corporate risk (five years’ experience): Average salary: £70k, average bonus: up to 50%.

Financial institution risk (five years’ experience): Average salary: £70k, average bonus: up to 40%.

Credit risk methodology (five years’ experience): Average salary: £80k, average bonus: up to 80%.

Market risk management pay in investment banking 2008/2009

Quant risk (five years’ experience ): Average salary: £70k, average bonus: 30-50%.

Traded market risk (front office, five years’ experience): Average salary: £70k, average bonus: 30-50%.

Model validation (five years’ experience): Average salary: £80k, average bonus: 30-50%.

Risk jobs in asset managers 2008/2009

Head of risk and compliance (five years’ experience): Average salary: £105k, average bonus: 30-60%.

Operational risk (five years’ experience) : Average salary: £75k, average bonus: 20-30%.

Hedge funds – enterprise-wide risk (five years’ experience): Average salary: £180k, average bonus: 180%.

Comments (16)

GRS says a senior manager in a systems integrator can expect £80k base, 20% average bonus. A director can expect £110k base, 40% average bonus. Partner can expect £200k base, 30% average bonus.

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Comments (16)

  • What is the average salary (up to 1 year exp) for Credit professionals working in the FO/Trading Floor?

    gopanb 04 Jul 2008

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  • You could probably expect up to £40k base, plus a 10-30% bonus.

    Sarah, Editor, eFinancialCareers 04 Jul 2008

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  • what is the average salary and bonus for an associate partner in a consulting firm e.g. ibm with 15 yr experience

    zahid 04 Jul 2008

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  • What is the average salary (up to 2 year exp) for Credit  Modelling professionals working in the Trustee?

    piyushk2007 04 Jul 2008

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  • Zahid - GRS says a senior manager in a systems integrator can expect  £80k base, 20% average bonus. A director can expect  £110k base, 40% average bonus. Partner can expect  £200k base, 30% average bonus.

    Piyushk, I'm afraid there are no figs on offer for people working at trustees.

    Sarah, Editor, eFinancialCareers 04 Jul 2008

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  • Hi Sarah, many thanks for your response earlier.  At the beginning of this article it says that "The overall conclusion? Work in a hedge fund. ".

    What are the salary ranges in HFs then?

    gopanb 04 Jul 2008

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  • Very low salaries except for HF. why on earth do they require PhDs, CFAs, top MSc's for such meagre pay? 5 years means VP, and 100k total package is dire...

    jim 04 Jul 2008

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  • GRS survey gives pay for 'hedge fund enterprise wide risk' - 3 yrs 120k (pounds), plus 50% bonus. 5 yr figs given above. 8 yrs 150k, bonus 90%.

    Sarah, Editor, eFinancialCareers 04 Jul 2008

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  • Hi Sarah,

    What will the salary be for a risk professional (ops and credit) with Basel II knowledge and 3-4 years work experience? I am currently contracting on about £450 per day and feel I am being cheated. I am considering going perm for circa £75K +.

    Lame 04 Jul 2008

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  • Will you say the FRM will add value in terms of money? I have about 4 risk years experience, a Civil Engineering degree, a postgrad diploma in Economics and will be writing the FRM in November.

    Bad_to_the_Bone 04 Jul 2008

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