2016 Banking & Stockbroking Salary & Benefits Guide - Permanent

Deborah Hall 12.01.2016

As part of the Banking & Stockbroking Permanent Salaries 2016 here is a look at the salary ranges for professionals working within private banking, corporate banking, commercial banking, stock broking, retail banking, mortgages, compliance and product.

Banking & Stockbroking Permanent Salaries

Contents:

Private Banking Salaries

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Wealth Manager0 - 350,000 - 70,00050,000 - 63,00045,000 - 55,00045,000 - 55,000
3 - 570,000 - 130,00063,000 - 110,00055,000 - 80,00055,000 - 80,000
5+130,000 - 150,000110,000 - 117,00080,000 - 90,00080,000 - 90,000
Private Banking Manager0 - 350,000 - 60,00045,000 - 54,00040,000 - 45,00040,000 - 45,000
3 - 560,000 - 90,00054,000 - 90,00045,000 - 85,00045,000 - 85,000
5+90,000 - 110,00090,000 - 95,00085,000 - 90,00085,000 - 90,000
Private Banking Officer0 - 332,000 - 38,00029,000 - 34,00025,000 - 30,00025,000 - 30,000
3 - 538,000 - 45,00034,000 - 41,00030,000 - 35,00030,000 - 35,000
5+45,000- 60,00041,000 - 45,00035,000 - 40,00035,000 - 40,000
Private Banking Administrator0 - 328,000 - 35,00025,000 - 30,00020,000 - 25,00020,000 - 25,000
3 - 535,000 - 45,00028,000 - 34,00025,000 - 30,00025,000 - 30,000
5+45,000 - 50,00030,000 - 40,00030,000 - 35,00030,000 - 35,000

Corporate Banking Salaries

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Corporate Banking Manager0 - 355,000 - 70,00050,000 - 63,00045,000 - 50,00045,000 - 50,000
3 - 570,000 - 100,00063,000 - 90,00050,000 - 70,00050,000 - 70,000
5+100,000 - 120,00090,000 - 95,00070,000 - 80,00070,000 - 80,000
Corporate Banking Officer0 - 330,000- 40,00031,000 - 38,00030,000 - 35,00030,000 - 35,000
3 - 540,000- 55,00038,000 - 45,00035,000 - 40,00035,000 - 40,000
5+55,000- 65,00045,000 - 50,00040,000 - 45,00040,000 - 45,000
Corporate Banking Administrator0 - 328,000 - 35,00025,000 - 31,00025,000 - 28,00025,000 - 28,000
3 - 535,000 - 45,00031,000 - 40,00028,000 - 35,00028,000 - 35,000
5+45,000 - 50,00040,000 - 45,00035,000 - 40,00035,000 - 40,000

Commercial Banking Salaries

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Commercial Banking Manager0 - 345,000 - 55,00040,000 - 50,00040,000 - 45,00040,000 - 45,000
3 - 555,000 - 90,00050,000 - 80,00045,000 - 60,00045,000 - 60,000
5+90,000 - 110,00080,000 - 86,00060,000 - 75,00060,000 - 75,000
Commercial Banking Officer0 - 330,000 - 35,00027,000 - 32,00025,000 - 30,00025,000 - 30,000
3 - 535,000 - 40,00032,000 - 40,00030,000 - 35,00030,000 - 35,000
5+40,000 - 50,00040,000 - 45,00035,000 - 40,00035,000 - 40,000
Commercial Banking Administrator0 - 325,000 - 30,00023,000 - 27,00022,000 - 25,00022,000 - 25,000
3 - 530,000 - 35,00028,000 - 30,00025,000 - 28,00025,000 - 28,000
5+35,000 - 45,00030,000 - 40,00028,000 - 30,00028,000 - 30,000

Stock Broking Salaries

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Corporate Finance Executive0 - 345,000 - 60,00040,000 - 55,00035,000 - 50,00035,000 - 50,000
3 - 560,000 - 80,00055,000 - 75,00050,000 - 70,00050,000 - 70,000
5+80,000 - 85,00075,000 - 80,00070,000 - 75,00070,000 - 75,000
Equity Analyst0 - 327,000- 35,00040,000 - 55,00035,000 - 50,00035,000 - 50,000
3 - 535,000 - 60,00055,000 - 85,00050,000 - 80,00050,000 - 80,000
5+60,000 - 90,00085,000 - 90,00080,000 - 95,00080,000 - 95,000
Trader0 - 345,000 - 70,00040,000 - 65,00035,000 - 60,00035,000 - 60,000
3 - 570,000 - 120,00065,000 - 100,00060,000 - 95,00060,000 - 95,000
5+120,000 - 150,000100,000 - 110,00095,000 - 110,00095,000 - 110,000
Research Analyst0 - 327,000- 35,00035,000 - 45,00030,000 - 40,00030,000 - 40,000
3 - 535,000 - 60,00045,000 - 65,00040,000 - 60,00040,000 - 60,000
5+60,000 - 90,00065,000 - 70,00060,000 - 65,00060,000 - 65,000

Retail Banking Salaries

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Branch Manager0 - 355,000 - 60,00045,000 - 54,00040,000 - 45,00040,000 - 45,000
3 - 560,000 - 70,00054,000 - 63,00050,000 - 55,00050,000 - 55,000
5+70,000 - 90,00063,000 - 70,00055,000 - 65,00055,000 - 65,000
Assistant Branch Manager0 - 340,000 - 50,00036,000 - 45,00035,000 - 40,00035,000 - 40,000
3 - 550,000 - 55,00045,000 - 50,00040,000 - 45,00040,000 - 45,000
5+55,000 - 65,00050,000 - 55,00045,000 - 50,00045,000 - 50,000
Financial Planning Consultant0 - 335,000 - 45,00031,000 - 41,00032,000 - 38,00032,000 - 38,000
3 - 545,000 - 70,00041,000 - 63,00038,000 - 50,00038,000 - 50,000
5+70,000 - 100,00063,000 - 70,00050,000 - 60,00050,000 - 60,000
Customer Service Officer0 - 322,000 - 30,00020,000 - 27,00020,000 - 25,00020,000 - 25,000
3 - 530,000 - 35,00027,000 - 31,00025,000 - 28,00025,000 - 28,000
5+35,000 - 40,00031,000 - 33,00028,000 - 30,00028,000 - 30,000

Mortgages Salaries

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Mortgage New Business
Underwriter
0 - 327,000 - 35,00029,000 - 33,00025,000 - 30,00025,000 - 30,000
3 - 535,000 - 50,00033,000 - 40,00030,000 - 35,00030,000 - 35,000
5+50,000 - 60,00040,000 - 45,00035,000 - 40,00035,000 - 40,000
Mortgage Arrears Underwriter0 - 332,000 - 35,00029,000 - 33,00025,000 - 30,00025,000 - 30,000
3 - 535,000 - 45,00033,000 - 40,00030,000 - 35,00030,000 - 35,000
5+45,000 - 55,00040,000 - 45,00035,000 - 45,00035,000 - 45,000
Mortgage Arrears Team Manager0 - 350,000 - 65,00045,000 - 58,00040,000 - 50,00040,000 - 50,000
3 - 565,000 - 90,00058,000 - 81,00050,000 - 60,00050,000 - 60,000
5+90,000 - 100,00081,000 - 85,00060,000 - 70,00060,000 - 70,000
Mortgage Collections Officer0 - 324,000 - 30,00020,000 - 27,00020,000 - 25,00020,000 - 25,000
3 - 530,000 - 40,00027,000 - 32,00025,000 - 30,00025,000 - 30,000
5+40,000 - 45,00032,000 - 35,00030,000 - 32,00030,000 - 32,000
Mortgage Customer Service
(Non arrears)
0 - 324,000 - 30,00020,000 - 27,00022,000 - 25,00022,000 - 25,000
3 - 530,000 - 37,00027,000 - 32,00025,000 - 28,00025,000 - 28,000
5+37,000 - 42,00032,000 - 35,00028,000 - 32,00028,000 - 32,000
Commercial Restructuring
Manager
0 - 355,000 - 65,00050,000 - 57,00045,000 - 55,00045,000 - 55,000
3 - 565,000 - 80,00057,000 - 75,00055,000 - 65,00055,000 - 65,000
5+80,000 - 120,00075,000 - 110,00065,000 - 90,00065,000 - 90,000
Commercial Restructuring
Officer
0 - 332,000 - 40,00029,000 - 36,00025,000 - 35,00025,000 - 35,000
3 - 540,000 - 50,00036,000 - 45,00035,000 - 40,00035,000 - 40,000
5+50,000 - 55,00045,000 - 50,00040,000 - 45,00040,000 - 45,000

Compliance Salaries

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Head of Compliance0 - 390,000 - 120,00080,000 - 110,00080,000 - 100,00080,000 - 100,000
3 - 5120,000 - 150,000110,000 - 130,000100,000 - 120,000100,000 - 120,000
5+150,000 - 170,000130,000 - 140,000120,000 - 130,000120,000 - 130,000
Compliance Manager0 - 360,000 - 75,00055,000 - 68,00050,000 - 60,00050,000 - 60,000
3 - 575,000 - 90,00068,000 - 85,00060,000 - 75,00060,000 - 75,000
5+90,000 - 100,00085,000 - 90,00075,000 - 85,00075,000 - 85,000
Compliance Officer0 - 330,000 - 40,00030,000 - 40,00025,000 - 30,00025,000 - 30,000
3 - 540,000 - 60,00040,000 - 50,00030,000 - 40,00030,000 - 40,000
5+60,000- 65,00050,000 - 60,00040,000 - 45,00040,000 - 45,000

Product Salaries

RoleYears'
Experience
Dublin
Cork
Limerick
Waterford
Product Specialist0 - 335,000 - 45,00030,000 - 40,00028,000 - 38,00028,000 - 38,000
3 - 545,000 - 65,00040,000 - 50,00038,000 - 48,00038,000 - 48,000
5+65,000 - 75,00050,000 - 60,00048,000 - 58,00048,000 - 58,000
Product Manager0 - 365,000 - 75,00060,000 - 65,00058,000 - 63,00058,000 - 63,000
3 - 570,000 - 85,00065,000 - 75,00060,000 - 72,00060,000 - 72,000
5+90,000 - 110,00075,000 - 95,00070,000 - 90,00070,000 - 90,000

Typical Range of Benefits for Banking & Financial Services professionals:

Benefit Type Management
Pension 5% - 15% employer contribution
Healthcare Fully paid for employee and dependents
Bonus 6- 20%
Annual Leave 22 - 26 days
Life Assurance 3 -7 times basic salary
Other Car Allowance
Professional Subscriptions
Further Education Scheme
Sports & Social
Travel (bike to work scheme/tax save commuter tickets)
Gym
Onsite canteen
discount on products
Company Share Scheme
Employee Assistance (EAP)Programme

Commentary on Banking and Stockbroking Permanent Roles and Salaries in Ireland for 2016

Retail, corporate, commercial banking, asset finance and stockbroking firms have all increased their talent intake throughout 2015. Growth has been focused across a range of operational functions including Underwriting, Relationship Management, Analytics, Sales, Risk and experienced administrators, with the volume of recruitment at entry to mid-level roles.

There has been increased volume of roles at senior appointment level, though this has not been matched with a significant movement in salaries. The situation had stabilised following the upward correction that took place in the market in 2012-13.

Organisations where salaries and benefits had stagnated over the last number of years have seen a move back toward offering some form of rewards package, particularly within the corporate, commercial and asset finance sectors. This sector is competing favourably against retail banks in terms of overall package and salary progression.

H2 2015 experienced a marked growth in sales and relationship management roles, where local retail and international corporate banks sought to increase penetration rates in their relevant markets.

New business development roles remain competitive as there continues to be a significant volume of senior banking professionals on the market that have previously worked in insolvency and restructuring.

Deborah Hall's picture
Manager
dhall@morganmckinley.ie