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SALARY SURVEY 2013 - Robert Walters Singapore

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FRANKFURTFRANKFURTBANKING&FINANCIALSERVICESFRANKFURTBANKING&FINANCIALSERVICESOurbanking&financialservicesdivisionrecruitsspecialistsandseniorlevelprofessionalsintoinvestmentbanks,financialconsultancies,privateandretailbanksandinsuranceandleasingcompanies.MarketOverviewTheimpactoftheEurozonecrisisonneighbouringcountriesadverselyaffectedrecruitmentwithinthebankingandfinancialservicessectorinFrankfurtasjoblevelsfell.Employerscarefullyselectednewhires,whichresultedinprotractedrecruitmentprocesses.ProfessionalsworkingintheprivateequitysectororM&Areceivedreducedbonuspayments,althoughinothersectorsbonuseswerecomparableto2011levels.Fixedsalariesremainedstableas,despitethechallengingfinancialsituation,companiessoughttoretaintheirbeststaff.Manycandidateswerereluctanttomoverolesgiventheeconomicenvironment,whichresultedinamodestshortageofavailableprofessionalsforindemand,specialistpositionssuchasriskandcompliance.Theseprofessionalswereparticularysought-afterduetoongoingregulatorypressure.Outlookfor<strong>2013</strong>Weexpectjoblevelsinthefirstquarterof<strong>2013</strong>tobeconsistentwiththosein2012asorganisationscontinuetobecostconsciousanddependentonwidereconomicrecoveryacrosstheEurozone.Weanticipatethatsalarylevelswillremainsteadywithreducedbonuses,particularlywithinprivateequityandM&Aasaresultoflowertransactionsonthemarket.BANKING&FINANCIALSERVICESROLEPERMANENT<strong>SALARY</strong>PERANNUM€3-7YRS'EXP7-15+YRS'EXP2012 <strong>2013</strong> 2012 <strong>2013</strong>ChiefFinancialOfficer €150k+ €150k+ChiefOperatingOfficer €150k+ €150k+ManagingDirector €180k+ €180k+Sales €75-140k €70-130k €140-200k €140-200kPrivateBanking €60-130k €60-120k €70-140k €65-130kMiddleOffice €50-80k €50-80k €70-120k €70-120kCompliance €55-95k €55-100k €90-150k €90-160kPrivateEquityAnalyst €55-70k €55-70k €60-90k €60-90kInvestmentManager €70-100k €70-90k €90-130k €80-120kRiskManager €40-75k €40-75k €75-140k €75-140kAssetManager €65-115k €65-110k €90-130k €85-130kMarketRisk €50-85k €50-90k €70-130k €70-140kFundManager €70-140k+ €70-130k €130-150k+ €130-150k+BackOffice €40-70k €40-70k €60-100k €60-100kTrader €100-150k+ €100-150k €120-150k+ €120-150kFinancialAnalyst €45-70k €45-70k €50-80k €50-80kProductSpecialist €80-120k €80-120k €90-160k €90-160kStructuredFinance €50-85k €50-85k €65-190k €65-190kM&AVP €80-180k €70-160k €140-200k €120-200kM&AAssociate €70-120k €60-100k €80-140k €75-140kAudit €50-90k €50-85k €80-150k €80-150kNB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.<strong>Robert</strong><strong>Walters</strong>GlobalSalarySurvey<strong>2013</strong> 108

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