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Bonuses account for 70 percent of bankers' income

Publicat la 13.01.2008, 22:00:00

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Bonuses account for 70 percent of bankers' income

"This is the trend for both middle and top management positions and for the employees in the sales departments, where we are talking about fees," said a Senior Consultant within HR advisory company ConsulTeam , Ioana Tot.

According to Mercer's international study, the financial year 2006-2007 was profitable for managers in the financial services, with bank CEOs earning an annual average base salary of €1.15 mln. Bonuses included, the sum amonted to €2.7 mln.

In , the ratio of benefits in the total income is still low. Only 29 percent of the local companies included in the Mercer study said they provide long term benefits, mostly stock options.

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