What's the Best Paying Bank in the City of London? [Salary Stats] (2024)

FAQs

What's the Best Paying Bank in the City of London? [Salary Stats]? ›

High-flyers at Goldman Sachs topped the pay league with 121 of its London-based bankers earning an average of £3m, almost double rivals at the next highest-paying bank, Bank of America Merrill Lynch.

Banker Salaries in London

The average salary for Banker is £46,872 per year in the London. The average additional cash compensation for a Banker in the London is £15,514, with a range from £1,231 - £195,589. Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Banker employees in London.

The average JPMorgan Chase & Co salary ranges from approximately £18,563 per year for Financial Professional to £149,338 per year for Director of Technology. The average JPMorgan Chase & Co daily wage ranges from approximately £120 per day for Corporate Receptionist to £561 per day for Development Operations Engineer.

In 2020/21 the average bonus in the finance and insurance sector was £14,800, but in 2021/22 it had risen to £19,950 – an increase of £5,000. The analysis shows that average City bonuses have doubled in cash terms (+101%) since 2008.

The latest survey of bonuses for junior bankers in London by search firm Dartmouth Partners suggests that JPMorgan cut bonuses for its first-year analysts from the £44k it awarded in summer 2021 to just £21k ($23k) this year.

How much does a Vice President at Bank of America make? The typical Bank of America Vice President salary is £100,000 per year. Vice President salaries at Bank of America can range from £59,142 - £172,172 per year.

What is the highest salary at Bank of America? ›

The highest-paying job at Bank of America is a Senior Vice President with a salary of ₹90.7 Lakhs per year. The top 10% of employees earn more than ₹28.66 lakhs per year. The top 1% earn more than a whopping ₹63.87 lakhs per year.

If you're looking for a new job in finance, you may want to check out openings at Bank of America, Goldman Sachs, and Wells Fargo. Those three companies are doing some of the heaviest hiring for high-paying jobs in the US, according to Indeed.

The average barclays salary in the United Kingdom is £70,000 per year or £35.90 per hour. Entry level positions start at £25,500 per year while most experienced workers make up to £100,000 per year.

The average salary for Banker is £47,056 per year in the London, United Kingdom. The average additional cash compensation for a Banker in the London, United Kingdom is £15,354, with a range from £1,318 - £1,78,869.

Analyst salaries at Wells Fargo can range from £33,517 - £120,660 per year.

Employees at Wells Fargo earn an average of $164k, mostly ranging from $131k to $483k based on 378 profiles.

The typical Wells Fargo Director salary is £175,000 per year.

The average Goldman Sachs salary ranges from approximately £43,817 per year for Intern to £132,974 per year for Executive Director.

How much do Goldman Sachs analysts make in London? ›

Average Goldman Sachs Analyst yearly pay in the United Kingdom is approximately £59,397, which is 70% above the national average. Salary information comes from 491 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.

The average Morgan Stanley salary ranges from approximately £23,958 per year for Apprentice to £136,664 per year for Director of Technology. Average Morgan Stanley hourly pay ranges from approximately £18.00 per hour for Sales Analyst to £20.56 per hour for Executive Assistant.

The cost of living in the city, particularly housing and transportation expenses, tends to be higher compared to other regions in the UK. Taking into account these factors, a salary range of £50,000 to £60,000 per year can be considered a good salary that allows for a comfortable standard of living in London.

The average wage that was seen as a sum on which people could live comfortably is £16,300 more than the £33,000 median annual pay for full-time employees in the tax year ending in April 2022, according to Office for National Statistics (ONS) figures.

A 100k salary is above the nation's average for a full-time employee. The average yearly wage for full-time workers in London in 2022, according to Statista, was £41,866, compared with £29,521 for workers in North East England. A 100k salary will likely be a director's or senior management position at a larger company.

Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

Goldman Sachs pays a higher dividend yield than JP Morgan Chase. The Market Cap of JPM is over 3.5 times the size of GS. Both companies expect inflation to level in 2023 with less turbulent market activity.

The average salary for JP Morgan Analyst is £54,578 per year in the London.

The typical Mastercard Vice President salary is £135,180 per year.

A vice president is the most junior of the senior bankers and, as far as clients and higher-ups are concerned, carries the first legitimate title.

How much does AVP earn in London? ›

According to our salary calculator, the average annual salary for AVP Product Controls working in London is £75,000 - £85,000.

Bank of America Band 3 Product Designer Salary | $90K-$150K+ | Levels.

Bank of America Band 5 Human Resources Salary | $83K-$100K+ | Levels. fyi.

Bank of America Salary FAQs

What is the salary trajectory of a Research Analyst Band 6? The salary trajectory of a Research Analyst Band 6 ranges between locations and employers. The salary starts at $55,430 per year and goes up to $94,617 per year for the highest level of seniority.

2022: ​$16.2 million​ (down 15%) 2021: $19.2 million. 2020: $16.8 million.

(BOFA) range from an average of $55,673 to $149,330 a year. Bank of America Corp. (BOFA) employees with the job title Vice President (VP), Technology make the most with an average annual salary of $149,819, while employees with the title Relationship Banker make the least with an average annual salary of $42,262.

The raises will start at 3% for workers who joined the bank in 2021, the wire service reported. That would be the second pay-related initiative the bank has launched this week — after announcing Monday that it is boosting its minimum hourly wage to $22 from $21.

Morgan Stanley is one of the most highly respected financial institutions in the world. Its name on your resume will open doors throughout your career. Morgan Stanley is a global leader in mergers and acquisitions, IPO underwriting, investment management, and wealth management.

Goldman Sachs is generally regarded as the leading investment bank in most business areas, and is the toughest Bulge Bracket investment bank to break into.

How much does Lloyds of London pay? ›

Average Citi Business Manager yearly pay in the United Kingdom is approximately £96,197, which is 147% above the national average.

Average Lloyds Banking Group Manager yearly pay in the United Kingdom is approximately £59,474, which is 65% above the national average.

The banking sector is one of the largest employers across many regions, including London. The sector makes a vital contribution to the economy and generates a significant amount of taxable income.

Director salaries at Citi can range from £100,000 - £285,000 per year.

Topping the list by median total compensation is Salesforce. However, if you are looking for a sure thing, the highest-paying companies by median base salary are Man Group (£85,312) and McKinsey & Company (£84,000).

What are the top 3 banks in London? ›

A few large banks currently occupy a major share of the banking sector. The top five largest banks are HSBC Holdings, Lloyds Banking Group, Royal Bank of Scotland Group, Barclays, and Standard Chartered.

The typical HSBC Associate salary is £66,727 per year.

The cost of living in the city, particularly housing and transportation expenses, tends to be higher compared to other regions in the UK. Taking into account these factors, a salary range of £50,000 to £60,000 per year can be considered a good salary that allows for a comfortable standard of living in London.

To be in the top 1% of income tax payers in the UK (i.e. to be among the 310,000 individuals with the highest income), a taxable income of at least £160,000 is required. £236,000 is required to be in the top 0.5% and nearly £650,000 to be in the top 0.1%.

While there may be times where it's necessary for you to work long or outside standard office hours, you're likely to be compensated with overtime pay or time off. The remuneration package often includes added benefits such as private health insurance and a company car or travel allowance.

Average J.P. Morgan Market Analyst yearly pay in London, England is approximately £67,931, which is 80% above the national average.

Metro Bank was the only UK high street bank to be named in the top ten of Newsweek's first annual rankings for the U.K.'s Top 100 Most Loved Workplaces® list.

The average salary of a Manager at HSBC Group is ₹ 16.8 Lakhs per year which is 47% more than average salary of a Manager in India which receives a salary of ₹ 11.5 Lakhs per year.