2015 Banking & Financial Services Salary Guide

Alan Li April 2, 2015 3 mins read

Morgan McKinley expects to see continued high demand for risk and compliance professionals. This is in response to the ever changing regulatory environment. Banks and other financial institutions will continue to offer their clients more products and services as the regulatory landscape further evolves. As part of this development, risk and compliance individuals will be offered more opportunities for career advancement. 2014 has been a good year for most banks and Morgan McKinley predicts a continuation of that growth in banking through the hiring of more relationship managers and product managers in 2015.
 
We expect an increase in demand for accounting and finance professionals from internal audit, namely senior vice presidents (SVPs)/directors and directors/senior directors. Within asset management, research analysts are in high demand at the director/senior director level. Banking operations professionals with expertise in the area of settlements at the VP/senior manager levels will be in high demand and within corporate and retail banking, individuals with trade finance (sales) experience at the SVP/director levels will be most in demand.

  ACCOUNTING & FINANCE – FINANCIAL SERVICES | BASIC SALARY (PER MONTH)
ROLE ASSOCIATE / NON-OFFICER ASSOCIATE / AVP / MANAGER VP / SENIOR MANAGER SVP / DIRECTOR DIRECTOR / SENIOR DIRECTOR
INTERNAL AUDIT ¥15k - 20k ¥20k - 40k ¥40k - 65k ¥65k - 90k ¥100k+
FINANCIAL CONTROL / REPORTING ¥20k - 25k ¥25k - 40k ¥40k - 60k ¥60k - 80k ¥85k+

 

  ASSET MANAGEMENT – FINANCIAL SERVICES | BASIC SALARY (PER MONTH)
ROLE ASSOCIATE / NON-OFFICER ASSOCIATE / AVP / MANAGER VP / SENIOR MANAGER SVP / DIRECTOR DIRECTOR / SENIOR DIRECTOR
RESEARCH ANALYST ¥15k - ¥20k ¥20k - 40k ¥40k - 65k ¥65k - 90k ¥100k+
EQUITY ANALYST ¥15k - ¥25k ¥25k - 40k ¥40k - 60k ¥60k - 80k ¥90k+
FUND / PORTFOLIO MANAGER ¥18k - ¥30k ¥25k - 40k ¥30k - 60k ¥60k - 90k ¥100k+

 

  BANKING OPERATIONS – FINANCIAL SERVICES | BASIC SALARY (PER MONTH)
ROLE ASSOCIATE / NON-OFFICER ASSOCIATE / AVP / MANAGER VP / SENIOR MANAGER SVP / DIRECTOR DIRECTOR / SENIOR DIRECTOR
SETTLEMENTS ¥8k - 15k ¥15k - 35k ¥35k - 45k
DOCUMENTATION ¥8k - 15k ¥15k - 35k ¥35k - 45k
TREASURY OPERATIONS ¥8k - 15k ¥15k - 35k ¥35k - 45k ¥45k - 60k ¥60k - 100k
TRADE OPERATIONS / LOAN OPERATIONS ¥8k - 15k ¥15k - 35k ¥35k - 45k ¥45k - 60k ¥60k - 100k

 

  INSURANCE – FINANCIAL SERVICES | BASIC SALARY (PER MONTH)
ROLE MANAGER SENIOR MANAGER DIRECTOR
BD / ACCOUNT MANAGEMENT ¥15k - 30k ¥30k - 50k ¥50k - 70k
UNDERWRITING ¥15k - 30k ¥30k - 50k ¥50k - 70k
ACTUARY ¥15k - 25k ¥25k - 50k ¥50k - 80k
CLAIMS ¥10k - 20k ¥20k - 35k ¥35k - 65k

 

  CORPORATE & RETAIL BANKING – FINANCIAL SERVICES | BASIC SALARY (PER MONTH)
ROLE ASSOCIATE / NON-OFFICER ASSOCIATE / AVP / MANAGER VP / SENIOR MANAGER SVP / DIRECTOR
WEALTH MANAGEMENT SALES ¥10k - 20k ¥20k - 35k ¥35k - 50k ¥40k+
PRODUCT MANAGEMENT / MARKETING ¥10k - 20k ¥20k - 35k ¥35k - 50k ¥50k+
CASH MANAGEMENT (SALES) ¥15k - 25k ¥25k - 35k ¥35k - 65k ¥65k - 90k
CORPORATE RELATIONSHIP MANAGER ¥15k - 25k ¥25k - 35k ¥35k - 65k ¥65k - 90k
TRADE FINANCE (SALES) ¥15k - 25k ¥25k - 40k ¥40k - 75k ¥75k - 95k

 

  PRIVATE EQUITY – FINANCIAL SERVICES | BASIC SALARY
(PER MONTH)
ROLE ANALYST ASSOCIATE AVP / VP DIRECTOR MANAGING DIRECTOR
RESEARCH ANALYST ¥12k - 25k ¥25k - 40k ¥40k - 60k
PRIVATE EQUITY – INVESTMENT TEAM ¥15k - 40k ¥40k - 70k ¥50k - 80k ¥80k - 100k ¥100k+
INVESTMENT BANKING (FRONT OFFICE) ¥15k - 40k ¥40k - 70k ¥60k - 80k ¥80k - 100k ¥100k+
CORPORATE FINANCE MERGERS & ACQUISITIONS ¥12k - 25k ¥25k - 40k ¥40k - 75k ¥80k+ ¥100k+

 

  RISK MANAGEMENT – FINANCIAL SERVICES | BASIC SALARY (PER MONTH)
ROLE ASSOCIATE / AVP / MANAGER VP / SENIOR MANAGER SVP / DIRECTOR DIRECTOR / SENIOR DIRECTOR
MARKET RISK ¥25k - 40k ¥50k - 80k ¥80k - 110k ¥110k+
CREDIT RISK ¥25k - 35k ¥45k - 65k ¥65k - 90k ¥90k - 120k
COMPLIANCE ¥25k - 40k ¥45k - 65k ¥65k - 90k ¥90k - 120k
LEGAL ¥25k - 40k ¥45k - 60k ¥60k - 85k ¥85k - 150k

 

Download the Banking & Financial Services 2015 Salary Guide now [PDF 0.61MB]
Alan Li's picture
Operations Director | Financial Services, Industrial & Life Science Recruitment
ali@morganmckinley.com