SAL ARIE S & B O N U SE S : A C OM P RE H E N S IV E RE V IE W PR I VAT E W E A LTH M AN AG E M E N T
tions the s added ion?
P R IVATE W E A LT H M A N AG E M E N T Within the Private Wealth Management Space, the average basic salary that respondents’ received increased 2% between 2012 to 2013, with the majority of respondents’ basic salaries staying the same (55%). Average bonuses also increased 10% within the same time frame, with an increase in bonuses across all levels of seniority except Director Level. Private Wealth Management Professionals were the most pessimistic that bonus prospects will improve next year - only 25% of respondents believed that bonus prospects for next year will improve, with the majority of respondents (50%) thinking that bonus prospects will remain the same.
GL OB A L S A L A RY B E NCH M AR KS 2012 BASIC SALARY (€)
Assistant Associate Vice President Director
2012 BONUS (€)
65,000 73,200 98,600 121,200
2013 BASIC SALARY (€)
11,600 10,000 32,600 69,000
70,000 73,900 102,900 124,100
2013 BONUS (€)
21,000 10,700 34,200 63,500
140,000 120,000
Euros
100,000 80,000
2012 Basic Salary
60,000
2012 Bonus
40,000
2013 Basic Salary
20,000
2013 Bonus
0 Assistant
Associate Vice President Level of Seniority
Director
SA L A RY FL U C T UAT I O NS B E TWEEN 2012 AN D 2013 How satisfied are you with Are bonus calculations your bonus year? fairly reflectivethis of the
How satisfied are you with your bonus this year?
value that employees added 38.5% increased between 2012 and 2013 to your organisation?
32.3% between 2012 and 2013
55.2%
32.3%
6.3%
35.4%
of respondents’ basic salary
of respondents’ bonus increased
How satisfied are you with How satisfied are you with Are bonus calculations your bonus this year? your bonus this year? fairly reflective of thebasic salary stayed of respondents’ of respondents’ bonus stayed the value that employees added the same between 2012 and 2013 Next year bonuses will... same between 2012 and 2013 Next year bonuses to will... your organisation? How satisfied are you with How satisfied are you with Are bonus calculations your bonus this year? your bonus this year? fairly reflective of the of respondents’ bonus decreased of respondents’ basic salary value that employees added between 2012 and 2013 decreased between 2012 and 2013 Next year bonuses will... Next year bonuses will...to your organisation? HowDo satisfied are that you your with u with Do you think that your you think your current totalpackage al overall remuneration package overall remuneration 2 remuneration package? kage? is fair, given the current is fair, given the current market conditions? market conditions? Next year bonuses will... Next year bonuses will...
AVE RAGE S A L A RY A ND B O NU S BY CO U N T RY 2012 BASIC SALARY (€)
All Benelux Switzerland UK Germany
2012 BONUS (€)
126,100 123,100 140,200 108,400 79,300
2013 BASIC SALARY (€)
71,700 43,800 90,600 59,000 16,500
128,900 125,700 144,500 110,403 81,000
2013 BONUS (€)
79,100 61,200 108,900 51,000 24,800
160,000 140,000
Euros
120,000 100,000
2012 Basic Salary
80,000
2012 Bonus
60,000
2013 Basic Salary
40,000
2013 Bonus
20,000 0 All
Benelux
Switzerland Country
UK
Germany
C A N D IDAT E S E NT I M E NT Were bonus calculations fairly reflective of the value that employees added to your organisation?
NO 54.2%
YES
20.8%
How satisfied are you with your current total remuneration package?
Satisfied
25.0%
Indifferent
37.5%
Dissatisfied
37.5%
Next year bonuses will...
How satisfied are you with your bonus this year?
Increase
25.0%
Satisfied
16.7%
Stay the same
50.0%
Indifferent
41.7%
Decrease
25.0%
Dissatisfied
29.2%
Do you think receiving a bonus improves your performance?
Do you think your overall remuneration package is fair, given the current market conditions?
37.5%
80
Y ES
NO
83.3%
8.3%
Y ES
41.7% NO
* Responses of “unsure” or “other” have been excluded from Infographics
3
I N T E R N AT I O N A L
Carlton Senior Appointments is part of Phaidon International
enquiries@carltonseniorappointments.com www.carltonseniorappointments.com LONDON
SINGAPORE
N E W YO R K
ZURICH
33 King William Street 8th Floor London, EC4R 9AS T +44 207 019 4100
Samsung Hub 3 Church Street, #09-02 Singapore, 048493 T +65 6589 4458
245 Park Avenue 39th Floor New York, NY 10167 T +1 212 209 7310
Stockerhof Dreikoenigstrasse 31 A Switzerland, 8002 Zurich T +41 44 2083 680
London: Phaidon International (UK) Ltd. Registered in England. Company No. 5134675; Singapore: Phaidon International (Singapore) Pte Ltd. Licence No. 13C6685. Company No. 201314810G; New York: Phaidon International (US) Inc. Registered in NY State; Zurich: Phaidon Capital (Schweiz) GmbH. Licence in Geneva and Zurich. Company No. CH-6600972012-8. For further information regarding our global presence, legal structure, business entities and trading styles please visit: www.phaidoninternational.com/global-presence.