Salary benchmarking site Emolument.com have gathered and analysed data from 2015 and 2016 to create the list, which is jointly topped by Marketing and Communications professionals and roles within Corporate Banking.
The full list is as follows:
|Activity||Title||Total Comp 2015||Total Comp 2016||Increase|
|Marketing & Communications||Manager||£ 51,000||£ 70,000||37%|
|Corporate Banking||Associate||£ 60,000||£ 82,000||37%|
|Human Resources||Manager||£ 61,000||£ 80,000||31%|
|Business Development||Senior Manager||£ 104,000||£ 136,000||31%|
|C# Developer||Developer||£ 44,000||£ 54,000||23%|
|Research (Buy-Side)||VP||£ 37,000||£ 45,000||22%|
|Programme & Project Management||Senior Manager||£ 93,000||£ 110,000||18%|
|Trading (Banking)||VP||£ 160,000||£ 189,000||18%|
|Fund & Portfolio Managers (Buy-Side)||VP||£ 113,000||£ 133,000||18%|
|Research (Banking)||VP||£ 150,000||£ 168,000||12%|
|Java Developer||Developer||£ 52,000||£ 58,000||12%|
|Finance Control & Strategy||Manager||£ 76,000||£ 82,000||8%|
The list generally reflects the way in which the digital market is moving – with marketers, developers and project managers all receiving significant rises. Although banking is still very much in the mix, it doesn’t dominate the table as it would have done before the financial crisis.
The surprise entry of the list for some people is HR. However, it’s not that surprising considering the increase has come along with increased responsibility, involvement and respect for the profession. HR Managers have to constantly evolve their skill-set to deal with compliance, law and the ever evolving digital landscape and the Generation Y workforce.
Developers continue to have significant rises in wages, and it is very much dependent on the technology of the moment, in this case C++. Java developers aren’t too far up the list because they have had steady increases in previous years.
Alice Leguay, Co-Founder & COO at Emolument.com said: ‘Despite high-delta remuneration, finance jobs are not topping our table. Instead, professionals in sectors emerging as game changers such as IT and Digital Marketing are hot property and those with some experience command fast-increasing pay packages. With the financial sector making a huge push to develop their Fintech services, we expect to see IT climb even faster in the coming years.’