Recruitment website Glassdoor has ranked British companies based on how much they pay directors — senior staff who generally take care of a particular area of a company.
The site, which lets staff anonymously submit company reviews and salary information, used data compiled over the past three years to produce its list.
Perhaps unsurprisingly, the companies where director pay is highest are concentrated in the financial services and banking sectors, with the top nine made up of five banks, three of the Big Four accountancy firms, and one investment management firm.
“This report shows that Directors at the top paying companies in the UK can get six-figure salaries, and that is not even including bonuses and stock,” Dr. Andrew Chamberlain, Glassdoor’s chief economist, said in a press release.
“Banking and professional services dominate, and it’s interesting that just one tech firm makes the list. Almost all of these firms have their UK headquarters in London, proving that The City is still the place to be when it comes to leadership salaries.”
All figures below are median salaries, excluding bonuses and other awards.
9. KPMG — £102,000: KPMG employs almost 190,000 people worldwide, and brings in revenues just north of $ 25 billion per year. No surprise then that UK directors are handsomely remunerated.
8. BlackRock — £102,070: The only company on the list that isn’t a bank or professional services firm, BlackRock is by far the world’s largest asset manager with $ 5.1 trillion in assets under management. Directors earn an average of £70 per year more than their counterparts at KPMG.
7. EY — £110,000: A near £8,000 jump sees us move to another of the Big Four, Ernst & Young (now officially styled as EY). EY has 231,000 staff globally at the most recent count.
T=5. PwC — £115,000: The best-paid UK directors at Big Four firms work for PriceWaterhouseCooper, where they can earn close to four times the average UK salary, before even picking up their annual bonus.
T=5. Morgan Stanley — £115,000: Level with PwC in terms of director pay is US banking giant Morgan Stanley. It’s the lowest ranked bank to feature on Glassdoor’s list.
4. HSBC — £120,000: Europe’s biggest bank by assets, HSBC can afford to pay what seems like an astronomical salary to most regular joes. This doesn’t include the notoriously large bonuses that bankers can pick up.
3. JP Morgan — £123,383: Wall Street behemoth JP Morgan is the highest ranked of the US banks on this list, with Goldman Sachs failing to make the grade for UK director salaries.
2. Barclays — £125,000: The best paying British bank in the UK for directors is the nearly 330-year old Barclays, where directors earn 4.5 times the average salary in the country.
1. Deutsche Bank — £126,008: The UK’s best paying company for staff at director level is Germany’s largest lender, Deutsche Bank. Despite a litany of recent problems, including a multi-billion dollar fine by the US Department of Justice, DB’s remuneration packages are mighty impressive.
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