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Marketing and communications see 37% rise in total compensation YoY, finds Emolument.com

With banks getting further into the financial technology space and competing with technology firms, new global operations and a constant transformation of the economic landscape, compensation has been affected in each field, according to Emolument.com


Emolument.com has analysed 15,691 entries in London for 2015 and 2016 to provide an overview of the global trends. It found that competition for skilled digital marketing employees has resulted in managers making 37% more. Human resources and research employees make it to the list for 2016 and IT salaries continue to rise.


 

Activity

Title

Total Comp 2015

Total Comp 2016

Increase

Marketing & communications

Manager

 £     51,000

 £      70,000

37%

Corporate banking

Associate

 £     60,000

 £      82,000

37%

Human resources

Manager

 £     61,000

 £      80,000

31%

Business development

Senior Manager

 £  104,000

 £    136,000

31%

C# developer

Developer

 £     44,000

 £      54,000

23%

Research (buy-side)

VP

 £     37,000

 £      45,000

22%

Programme & project management

Senior Manager

 £     93,000

 £    110,000

18%

Trading (banking)

VP

 £  160,000

 £    189,000

18%

Fund & portfolio managers (buy-side)

VP

 £  113,000

 £    133,000

18%

Research (banking)

VP

 £  150,000

 £    168,000

12%

Java developer

Developer

 £     52,000

 £      58,000

12%

Finance control & strategy

Manager

 £     76,000

 £      82,000

8%

Graph 1. & Table 1. Showing Increase in Total Compensation for 2016 by Job. Data based on 15691 entries in 2015/2016 in London.

 

Marketing & communications come first in Emolument.com’s list with an increase of 37% to their total compensation which reflects an ever-increasing demand for talent and experienced managers.



With intense innovating and disrupting activity in the HR sectors, Emolument.com says companies are finding themselves expanding their HR departments and demanding new skills such as managing applications, data outputs from real-time gathering tools. HR managers are expanding their skill sets and are in high demand to help companies adapt their culture and management style to millennials and Gen Y.



Research employees both in banking and the financial buy-side have seen their remuneration increase this year by 12% and 22% respectively. Banks and funds seeking to beat competition by innovative investments, make research more relevant than ever while the sell-side need to back their trading decisions and macro views with solid research papers, according to the salary-benchmarking site.



Technology firms competing with banks for the top talent in IT are pushing remuneration up. The 12% increase in total compensation for java developers might seem way below the 23% increase for C# developers. Java developers, however, were already enjoying high rewards compared to their C# colleagues who are now catching up, Emolument.com says.



Alice Leguay, co-founder & COO at Emolument.com, said, “Despite high-delta remuneration, finance jobs are not topping our table. Instead, professionals in sectors emerging as game changers such as IT and digital marketing are hot property and those with some experience command fast-increasing pay packages. With the financial sector making a huge push to develop their Fintech services, we expect to see IT climb even faster in the coming years.”

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