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Most bankers in London are miserable about the size of their bonuses ' but Goldman staff are the most annoyed

Published by Business Insider on Sat, 06 May 2017


LONDON ' Bankers working in London were largely dissatisfied with the size of their bonuses at the start of 2017, according to newly released data fromsalary-benchmarking site Emolument.The latest survey of finance workers' bonuses, released on Friday, showed that even at firms where staff were proportionally pretty content with their bonuses less than 30% said they were "happy" with the amount of extra money they received.Surveying over 1,600 bankers across London, Emolument found that only 16% of those working at Goldman Sachs described themselves as "happy" with their bonus in 2017, with Citigroup and BNP Paribas staffers close behind on 19% satisfaction. The happiest bankers were at JPMorgan and RBS, although just 28% and 27% respectively described themselves as happy with their lot.German giant Deutsche Bank was the bank where the highest number of staff were actively "unhappy," with their bonuses, with 61% saying so. Credit Suisse and BNP Paribas were the only other firms with over 50% actual dissatisfaction.The chart below shows Emolument's complete findings:In the same survey, Emolument found that junior bankers in London who work for British-headquartered banks earned bonuses this year of just one-quarter what those working for American institutions in the UK earned this year.Emolument found that analysts ' the most junior full-time front office position ' working for British lenders picked up an average bonus of 5,000 to top up their 50,000 salary.That compares to a 20,000 bonus and a 58,000 salary for workers at the likes Goldman Sachs, JPMorgan, and Morgan Stanley.Join the conversation about this storyNOW WATCH: How to know if Snapchat stock is a buy or a sell
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