Singapore, the city-state founded by British statesman and warrior Sir Thomas Stamford Raffles, stands out at the top work destination for sales directors in the investment banking sector.
Real-time salary data specialist, Emolument.com, has examined 2013-14 salary and bonus data from 163 sales directors in front office markets positions in London, New York, Singapore, Madrid, Milan and Paris.
Its research reveals:
- Singapore pays the most with both higher salaries and higher bonuses. Sales directors in Singapore make nearly $72,000 (£42,750) more in total compensation than those in New York.
- Bonuses are substantially higher in New York, which is a close second to Singapore in terms of total compensation: on average bonuses are 5% higher in New York than in Singapore and 33% higher than in London.
- Milan lags significantly when it comes to bonuses: $67,000 in Milan vs. $240,000 in New York.
- Total compensation is almost the same in London and Paris: base salary in London is only 2% higher than in Paris, while bonus is 5% higher in Paris than in London.
Robert Benson, CEO at Emolument.com, said ‘’The ‘director’ title is a very versatile one that can apply to a newly promoted vice-president or a highly seasoned manager. From these figures, it seems that sales directors in Singapore may be more experienced managers and, hence, receiving higher base pay than in other locations.”
For more information visit www.emolument.com