Despite Brexit, bankers still like London for one big reason: Pay

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Despite Brexit, bankers still like London for one big reason: Pay

Data published from human resources firm Emolument, which analyzed 4,475 salaries and bonuses from front-office bankers (traders) working in London, Paris, Frankfurt and Milan, found that the U.K. capital was the most rewarding in terms of pay.In Paris, bonuses can account for as much as 49 percent of a banker’s total compensation, according to Emolument.Even since the U.K. voted to leave, many banks have been contemplating some sort of a move to the continent.London continues to remain lucrative for bankers despite the uncertainty over the country’s withdrawal from the EU.Data published from human resources firm Emolument, which analyzed 4,475 salaries and bonuses from front-office bankers (traders) working in London, Paris, Frankfurt and Milan, found that the U.K. capital was the most rewarding in terms of pay.https://www.cnbc.com/2019/03/11/despite-brexit-bankers-still-like-london-for-one-big-reason-pay.html