Salary Survey 2020 – finance, middle and back office
We’re excited to share our latest salary survey with you. Following client discussion and candidate interviews undertaken by the in-house research team, the report details salary bands, roles and responsibilities, and looks at the challenges and opportunities 2020 has brought to the finance, middle and back office.
In the report, we detail how, during the past year, salaries have not changed massively across sectors, across the middle and back office, or indeed in finance roles. At most we have seen a 10% increase. And, we have seen little movement in these areas mostly due to replacement rather than company expansion, and often a focus on mid-level movement rather than at a senior level. This is mainly due to cost focus.
Most recently, due to the recent Covid-19 pandemic, candidates are choosing to remain at their current company, seeking internal promotion rather than looking for outside opportunities as more and more of us are working from home efficiently and safely. This in turn has reduced the pool of suitable, available candidates.
Three areas that stand out differently to this viewpoint however, is in LNG where we see a shortage of specialisms and where companies are willing to pay the premium. In oil companies too, a shortage of market risk experience means salaries can be higher. And in banks, we have seen much more varied salaries in recent times.
The salary survey includes:
A breakdown of roles across credit, risk, market analysis, back office, trade finance and treasury
Salary as well as bonus ranges across ISTs, Utilities, Trading houses and Banks
Should you wish to discuss this, or opportunities in this market, please get in touch with the team.