Banking

& Financial
Services
Salary Guide

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PAGE 
Introduction
Hudson has become the UK’s leading provider of recruitment and HR consultancy services to the
banking and financial services sector by offering a unique approach – specialism.

It’s a big claim but it happens to be true. Why?

• Our consultants are among the most experienced in the financial services sector
• They are all specialists in recruiting into just one discipline
• They all possess in-depth experience and understanding of the discipline in which they recruit.

With over 25 consultants servicing more than 300 financial services clients in the last
year alone, the financial services team at Hudson has been able to build and produce
a salary survey based on real data.
The salaries outlined are calculated as a mean value of information gathered over the
past year and includes data from the following sources:

• Candidates‘ salary details upon registration with Hudson

• Salaries offered by clients
• Candidates‘ salary details upon accepting any new position through Hudson or another recruit-
ment consultancy

The data included covers:

Finance & Accounting • Compliance • Risk • Internal Audit • Corporate Finance • Temp & Perm.

Bonuses explained
In the current economic climate, the parameters for gauging bonuses are so wide that Hudson does
not feel comfortable giving target ranges. Please call your specialist consultant at Hudson for a more
detailed and case-by-case discussion with regard to bonuses.

INTRODUCTION PAGE 
investment banking
Investment Banking: Accounting – Part-Qualifieds
Salary Salary Salary
Foundation Intermediate Finalist
ACCA / CIMA ACCA / CIMA ACCA / CIMA
Management Reporting £28,000 – £34,000 £34,000 – £40, 000 £40,000 – £48,000
Financial Reporting £28,000 -£34,000 £34,000 – £40, 000 £40,000 – £48,000
Regulatory Accounting £28,000 – £34,000 £34,000 – £40, 000 £40,000 – £48,000
Product Control – Vanilla Products £30,000 – £34,000 £36,000 – £43, 000 £40,000 – £48,000
Product Control – Complex
£32,000 – £40,000 £38,000 – £47,000 £40,000 – £48,000
Products
Investment Banking: Accounting – Qualifieds
Salary Salary Salary
Newly Qualified 1 – 2 years AVP Level
ACA / ACCA / CIMA PQE c.2 – 5 yrs PQE)
Management Reporting £50,000 – £53,000 £53,000 – £57,000 £58,000 – £70,000
Financial Reporting £50,000 – £53,000 £53,000 – £57,000 £58,000 – £70,000
Regulatory Accounting £50,000 – £53,000 £53,000 – £58,000 £58,000 – £70,000
Product Control – Vanilla Products £52,000 – £54,000 £58,000 – £60,000 £60,000 – £72,000
Product Control – Complex Prod. £52,000 – £57,000 £60,000 – £62,000 £62,000 – £75,000
Projects / Business Analyst £50,000 – £54,000 £54,000 – £57,000 £58,000 – £70,000

Investment Banking: Accounting – Qualifieds

Salary Salary
VP Director
c.6 – 8 yrs PQE c.8 yrs+ PQE
Management Reporting £70,000 – £90,000 £100,000 – £115,000
Financial Reporting £70,000 – £90,000 £100,000 – £115,000
Regulatory Accounting £70,000 – £90,000 £100,000 – £115,000
Product Control – Vanilla Products £70,000 – £95,000 £100,000 – £115,000
Product Control – Complex
£72,000 – £100,000 £100,000 – £115,000
Products
Projects / Business Analyst £70,000 – £95,000 £100,000 – £115,000

CONTACT
For further information on the Investment Banking market, please contact
Darren Burns
t: +44(0) 20 7187 6217 / +44 (0)7 748 843 310
e: darren.burns@hudson.com

PAGE  Banking & Financial Services

hedge funds
Hedge Funds / Private Equity / Investment Mgt – Part-Qualifieds
Salary Salary Salary
Foundation Intermediate Finalist
ACCA / CIMA ACCA / CIMA ACCA / CIMA
Fund Accounting £22,000 – £30,000 £28,000 – £38,000 £36,000 – £50,000
Management Reporting £22,000 – £30,000 £28,000 – £38,000 £36,000 – £50,000
Financial Control £22,000 – £30,000 £28,000 – £38,000 £36,000 – £50,000
Regulatory Accounting £22,000 – £30,000 £28,000 – £38,000 £36,000 – £50,000
Projects / Business Analyst £22,000 – £30,000 £28,000 – £38,000 £36,000 – £50,000

Hedge Funds / Private Equity / Investment Mgt – Qualifieds

Salary Salary Salary
Newly Qualified 1 – 2 years 2 – 5 Years
ACA / ACCA / CIMA PQE PQE
Fund Accounting £43,000 – £55,000 £52,000 – £65,000 £55,000 – £95,000
Management Reporting £45,000 – £53,000 £52,000 – £60,000 £55,000 – £75,000
Financial Control £45,000 – £53,000 £52,000 – £60,000 £55,000 – £75,000
Regulatory Accounting £45000 – £55,000 £52,000 – £60,000 £60,000 – £85,000
Project / Business Analyst £45,000 – £55,000 £52,000 – £60,000 £60,000 – £90,000

Hedge Funds / Private Equity / Investment Mgt – Qualifieds

Salary Salary
5 – 8 Years 8 Years Plus
PQE PQE
Fund Accounting £75,000 – £120,000 £85000+
Management Reporting £70,000 – £90,000 £85,000+
Financial Control £70,000 – £90,000 £85,000+
Regulatory Accounting £70,000 – £90,000 £90,000+
Project / Business Analyst £70,000 – £90,000 £90,000+

CONTACT
For further information on the Hedge Funds market, please contact
Dominique Harvey
t: +44 (0) 20 7187 6352 / +44 (0) 7 760 216 083
e: dominique.harvey@hudson.com

Banking & Financial Services PAGE 

Financial Services
Financial Services: Accounting – Part-Qualifieds
Salary Salary Salary
Foundation Intermediate Finalist
ACCA / CIMA ACCA / CIMA ACCA / CIMA
Management Reporting £24,000 – £30,000 £26,000 – £35,000 £35,000 – £45,000
Financial Control £24,000 – £30,000 £26,000 – £35,000 £35,000 – £45,000
Regulatory Accounting £24,000 – £30,000 £26,000 – £35,000 £35,000 – £45,000
Projects / Business Analyst £24,000 – £30,000 £26,000 – £35,000 £35,000 – £45,000

Financial Services: Accounting – Qualifieds

Salary Salary Salary
Newly Qualified 1 – 2 years 2 – 5 Years
ACA / ACCA / CIMA PQE PQE
Management Reporting £40,000 – £50,000 £50,000 – £60,000 £60,000 – £70,000
Financial Control £40,000 – £50,000 £50,000 – £60,000 £60,000 – £70,000
Regulatory Accounting £40,000 – £50,000 £50,000 – £60,000 £60,000 – £70,000
Projects / Business Analyst £40,000 – £50,000 £50,000 – £60,000 £60,000 – £70,000

Financial Services: Accounting – Qualifieds

Salary Salary
5 – 8 Years 8 Years Plus
PQE PQE
Management Reporting £70,000 – £85,000 £85,000+
Financial Control £70,000 – £85,000 £85,000+
Regulatory Accounting £70,000 – £85,000 £85,000+
Projects / Business Analyst £70,000 – £85,000 £85,000+

CONTACT
For further information on the Financial Services market, please contact
James Wood
t: +44 (0) 20 7187 6126 / +44 (0) 7 515 256 600
e: james.wood@hudson.com

PAGE  Banking & Financial Services

insurance
Insurance: Accounting – Part-Qualifieds
Salary Salary Salary
Foundation Intermediate Finalist
ACCA / CIMA ACCA / CIMA ACCA / CIMA
Financial Control £22,000 – £28,000 £26,000 – £36,000 £35,000 – £45,000
Management Reporting £22,000 – £28,000 £26,000 – £36,000 £35,000 – £45,000
Requlatory Accounting £22,000 – £28,000 £26,000 – £36,000 £35,000 – £45,000
Project / Business Analyst £22,000 – £28,000 £26,000 – £36,000 £35,000 – £45,000

Insurance: Accounting – Qualifieds

Salary Salary Salary
Newly Qualified 1 – 2 years 2 – 5 Years
ACA / ACCA / CIMA PQE PQE
Financial Control £40,000-£45,000 £45,000 – £50,000 £50,000 – £65,000
Management Reporting £40,000-£45,000 £45,000 – £50,000 £50,000 – £65,000
Regulatory Accounting £40,000-£45,000 £45,000 – £50,000 £50,000 – £65,000
Project / Business Analyst £40,000-£45,000 £45,000 – £50,000 £50,000 – £65,000

Insurance: Accounting – Qualifieds

Salary Salary
5 – 8 Years 8 Years Plus
PQE PQE
Financial Control £60,000 – £90,000 £80,000+
Management Reporting £60,000 – £90,000 £80,000+
Regulatory Accounting £60,000 – £90,000 £80,000+
Project / Business Analyst £60,000 – £90,000 £80,000+

CONTACT
For further information on the Insurance market, please contact
Emma Cooper
t: +44(0) 20 7187 6154 / +44(0) 7 811 393 451
e: emma.cooper@hudson.com

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Compliance
Investment Banking: Compliance
0 – 2 Years 2 – 4 Years 4 – 8 Years 8 Years +
Experience Experience Experience Experience
Monitoring £30,000 – £40,000 £40,000 – £50,000 £55,000 – £75,000 £80,000+
AML/KYC £25,000 – £35,000 £35,000 – £45,000 £50,000 – £60,000 £70,000+
Equities – Advisory £40,000 – £45,000 £45,000 – £60,000 £65,000 – £85,000 £95,000+
Fixed Income – Advisory £35,000 – £45,000 £45,000 – £60,000 £65,000 – £85,000 £95,000+
Commodities – Advisory £35,000 – £40,000 £45,000 – £55,000 £60,000 – £70,000 £75,000+
Brokerage £30,000 – £40,000 £45,000 – £50,000 £50,000 – £65,000 £70,000+
Asset Management £30,000 – £40,000 £40,000 – £50,000 £50,000 – £75,000 £75,000+

CONTACT
For further information on the Compliance market, please contact
Mark Lawrence
t: +44(0) 20 7187 6997 / +44 (0) 7 815 900 314
e: mark.lawrence@hudson.com

PAGE  compiliance
Risk
Investment Banking: Market Risk / Credit Risk / Quantitative Analysis and Operational Risk
Salary Salary Salary Salary
0 – 2 Years 2 – 4 Years 4 – 8 Years 8 Years +
Experience Experience Experience Experience
Market Risk Management £30,000 – £50,000 £40,000 – £65,000 £65,000+ £90,000+
Market Risk Reporting £30,000 – £45,000 £40,000 – £55,000 £55,000+ £80,000+
Model Validation £30,000 – £45,000 £40,000 – £55,000 £60,000+ £90,000+
Quantitative Analysis - FO £50,000 – £70,000 £60,000 – £80,000 £80,000+ £100,000+
Operational Risk £25,000 – £40,000 £40,000 – £55,000 £55,000 – £75,000 £90,000+
Credit Analysis £30,000 – £35,000 £40,000 – £60,000 £65,000 – £85,000 £90,000+
Credit Risk Reporting £25,000 – £35,000 £40,000 – £55,000 £55,000 – £70,000 £80,000+

Financial Services: Market Risk / Credit Risk / Quantitative Analysis and Operational Risk
Salary Salary Salary Salary
0 – 2 Years 2 – 4 Years 4 – 8 Years 8 Years +
Experience Experience Experience Experience
Market Risk Management £30, 000 – £50,000 £40, 000 – £60,000 £60,000+ £90,000+
Market Risk Reporting £30,000 – £45,000 £40,000 – £55,000 £55,000+ £80,000+
Model Validation £30,000 – £45,000 £40,000 – £55,000 £60,000+ £90,000+
Quantitative Analysis - FO £30,000 – £50,000 £40,000 – £80,000 £80,000+ £100,000+
Operational Risk £25,000 – £30,000 £30,000 – £45,000 £45,000+ £75,000+
Credit Analysis £30,000 – £40,000 £40,000 – £50,000 £50,000+ £80,000+
Credit Risk Reporting £25,000 – £30,000 £30,000 – £40,000 £40,000+ £70,000+

CONTACT
For further information on the Risk market, please contact
Louis Altman
t: +44(0) 20 7187 6285 / +44 (0)7 812 021 188
e: louis.altman@hudson.com

risk PAGE 
Internal Audit
Banking and Financial Services: Audit
Salary
Part Qualified Internal Auditor £30,000 – £40,000
Finalist Level Internal Auditor £40,000 – £50,000
Newly Qualified Internal Auditor £50,000 – £55,000
1-2 yrs PQE £55,000 – £60,000
2-5 yrs PQE £60,000 – £75,000
5-8 yrs PQE £75,000 – £85,000
8 yrs+ PQE £85,000 +

CONTACT
For further information on the Internal Audit market, please contact
Stephen Ingielewicz
t: +44(0) 207 187 6228 / +44 (0) 7 765 027 008
e: stephen.ingielewicz@hudson.com

PAGE 10 internal audit

Corporate Finance
Investment Banking: M&A and ECM Advisory
Level Min Salary (£) Average Salary (£) Max Salary (£)
MD £100,000 £130,000 £200,000
Director £85,000 £100,000 £120,000
Vice-President £70,000 £80,000 £90,000
Associate 3 £65,000 £70,000 £75,000
Associate 2 £60,000 £64,000 £65,000
Associate 1 £55,000 £58,000 £60,000
Analyst 3 £45,000 £50,000 £55,000
Analyst 2 £40,000 £45,000 £50,000
Analyst 1 £30,000 £36,000 £38,000

CONTACT
For further information on the Corporate Finance market, please contact
Richard Madgwick
t: +44(0)2 0 7187 6469 / +44 (0) 7 709 357 351
e: richard.madgwick@hudson.com

corporate finance PAGE 11

PAGE 12
Temps
Investment Banking & Financial Services: temps per hour
Foundation Intermediate Finalist
ACCA / CIMA ACCA / CIMA ACCA / CIMA
Fund Accounting £16 – £20 £16 – £26 £20 – £30
Management Reporting £16 – £20 £16 – £26 £20 – £30
Financial Control £16 – £20 £16 – £26 £20 – £30
Regulatory Accounting £16 – £20 £16 – £26 £20 – £30
Projects / Business Analyst £16 – £20 £16 – £26 £20 – £30
Product Control – Vanilla Products £17 – £23 £18 – £28 £20 – £30
Product Control – Complex Products £17 – £23 £18 – £28 £22 – £30

Newly Qualified
1 – 2 years 2 – 5 Years
ACA / ACCA / 5+ years
PQE PQE
CIMA
Fund Accounting £28 – £34 £32 – £37 £34 – £42 £40+
Management Reporting £26 – 32 £30 – £34 £30 – £40 £38+
Financial Control £26 – 32 £30 – £34 £30 – £40 £38+
Regulatory Accounting £26 – 32 £30 – £34 £30 – £40 £38+
Projects / Business Analyst £30 – 34 £32 – £38 £35 – £45 £45+
Product Control – Vanilla Products £28 – £34 £32 – £37 £34 – £42 £40+
Product Control – Complex Products £30 – 34 £32 – £40 £38 – 45 £42+

CONTACT
For further information on the Temporary market, please contact
Robert Cooper
t: +44 (0)2 0 7187 6155 / +44 (0) 7 736 465 789
e: robert.cooper@hudson.com

temps PAGE 13
Contacts

Darren Burns
Banking & Financial Services
t: +44 (0) 20 7187 6217
m: +44 (0) 7 748 843 310
e: darren.burns@hudson.com

Robert Cooper
Temporary / Interim
t: +44 (0) 20 7187 6155
m: +44 (0)7 736 465 789
e: robert.cooper@hudson.com

Louis Altman
Risk Management
t: +44 (0) 20 7187 6285
m: +44 (0) 7 812 021 188
e: louis.altman@hudson.com

Mark Lawrence
Compliance
t: +44 (0) 7 812 021 188
m: +44 (0)7 815 900 314
e: mark.lawrence@hudson.com

Richard Madgwick
Corporate Finance
t: +44(0)2 0 7187 6469
m: +44 (0) 7 709 357 351
e: richard.madgwick@hudson.com

Stephen Ingielewicz
Internal Audit
t: +44(0) 207 187 6228
m: +44 (0) 7 765 027 008
e: stephen.ingielewicz@hudson.com

PAGE 14 contacts
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www. huds o n .co m

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