The LOWEST paid jobs in investment banking

The LOWEST paid jobs in investment banking

Not all investment banking jobs are as well paid as traders might make out.

Behind the traders, there is the support staff, known as the middle and bank office of the bank. While the front office brings in the money and takes the risk, the rest have to process it and carry out the admin.

And the pay is quite different. While an analyst level back office employee will struggle to break £40,000 ($61,000), a trader at the same level can make 20% more, even before factoring their bonus.

Emolument, which crowdsources data on pay, found the six worst paying jobs in investment banking based on responses from 1,982 analysts. Here they are.

Trade support in the back office of the investment bank.

Median salary: £41,000

Median bonus: £2,000

What the job is: Making sure trades are settled on behalf of traders.

Cash management in custody and transaction banking.

Median salary: £38,000

Median bonus: £1,500

What the job is: Managing escrow accounts.

Operational risk management and risk analytics.

Median salary: £41,500

Median bonus: £500

What the job is: Oversight of the trading floor operations, such as making sure the profit and loss figures are correct and spotting rogue traders.

Trust services in custody and transaction banking.

Median salary: £40,000

Median bonus: £1,000

What the job is: Managing assets and securities in safe-keeping on behalf of clients.

Corporate banking in asset finance and leasing.

Median salary: £39,500

Median bonus: £1,500

What the job is: Leasing deals for companies who need to use heavy machinery or expensive assets such as aircraft.

Trade settlement and securities operations in the middle and back office of the investment bank.

Median salary: £38,000

Median bonus: £1,500

What the job is: Making sure the transactions made by traders come off smoothly.

http://www.businessinsider.com/here-are-the-lowest-paid-jobs-in-investment-banking-2015-10?utm_source=feedly&utm_medium=referral#/#trust-services-in-custody-and-transaction-banking-4

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