Wednesday, 20 August 2014
Last updated 6 min ago
Dec 19 2011 | 1:11pm ET
Hedgies who want a bigger pay boost should look to Hong Kong, a new survey shows.
The average basic salary for hedge fund staffers and bankers in Hong Kong is up 15% this year, the Astbury Marsden poll shows. The average Hong Kong financial-services pro earned HK$890,000 (US$114,000) this year.
Even better were those who switched jobs. Managing directors jumping from one firm to another in Hong Kong saw their average pay jump 25% to HK$2.5 million, the survey shows, while analysts who switched jobs enjoyed a 20% average pay hike to HK$400,000.
Those who didn't switch jobs and didn't get a promotion will have to settle for a 9.5% increase.
By way of contrast to Hong Kong's 15% pay jump, hedgies and bankers in London have received only a 12% raise, Astbury Marsden said.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note