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05/27/2014

The Top Five Best Paid Jobs in Risk Management Globally When You Have Five Years’ Experience


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EfinancialCareers

Risk management is in. In the same way that shabby has become the new chic, risk management has become the new sales and trading. Sort of. Ok, you don’t get paid as much in risk. You won’t be eating lobster tails for breakfast, but you will at least have a job.

If you want to maximize your earnings after five years, which branch of risk management should you go into? We’ve scoured risk management salary surveys for the City of London and Wall Street and come up with the league table below. The figures are drawn from the combined salary surveys of Barclay Simpson, Kennedy PierceMichael PageHudsonRobert Walters, and Robert Half. They don’t include bonuses. They may be a little toppy as we’ve taken the maximum you can earn with five years’ experience in each position. And they may be a little skewed towards London as London-based finance recruiters issue more surveys than most.

Recruitment firm Astbury Marsden reports that bonuses for risk managers were typically 32% of salaries in 2013. Total compensation for each of the roles below could therefore be around one third higher than the numbers given. Risk isn’t the best-paid area in banking, but it doesn’t pay too badly either.

1. Quantitative risk manager, New York: $175k (£104k) (via Robert Walters)

2. Senior quantitative risk analyst, London: £100k ($168k) (via Barclay Simpson)

3. Market risk professional, New York: $150k (£89k) (via Robert Walters)

4. Market risk methodology, London: £80k ($135k) (via Hudson)

=4. Model validation, London: £80k ($135k) (via Hudson)

=4. Performance and investment risk analysis, London: £80k ($135k) (via Robert Walters)

5. Market risk management, London: £75k ($126k) (via Hudson)

=5. Prime brokerage risk management, London: £75k ($126k) (via Hudson)

=5 Credit analyst, hedge funds/leveraged finance, London:  £75k ($126k) (via Hudson)

=5. Credit risk modelling, London:  £75k ($126k (Robert Walters)

–Sarah Butcher

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