Base Salaries & Increases

Base salaries are broadly trending upward across the Europe’s financial sciences and services industry compared to last year’s survey results, whether respondents are paid in GBP or EUR. However, only 58% said they received a salary increase in the past year, with the value of these concentrated at lower pay brackets. Cost-of-living pressures have been felt across much of Europe, which means many professionals’ real purchasing power has not meaningfully improved - even if their payslip has. Employers hiring for mid-to-senior roles should ensure they are working with live market data, as the gap between what candidates expect and what offers reflect can be wide enough to lose a hire entirely. Explore Selby Jennings’ range of compensation guides for current salary and bonus benchmarks across key sectors and finance hubs, or contact our team for bespoke benchmarks for your specific role or location.

QUESTION 3

What is your current annual base salary in GBP?

0%

£60k or under

0%

£61-90k

0%

£91-120k

0%

£121-150k

0%

£151-180k

0%

£181-210k

0%

£211k-240k

0%

£241-270k

0%

£271k+

What is your current annual base salary in EUR?

0%

€60k or under

0%

€61-90k

0%

€91-120k

0%

€121-150k

0%

€151-180k

0%

€181-210k

0%

€211k-240k

0%

€241-270k

0%

€271k+

QUESTION 4

Has your base salary changed in the last year?

0%

Increased

0%

Decreased

0%

No change

QUESTION 5

If your base salary increased, by how much?

0%

1-5%

0%

6-10%

0%

11-15%

0%

16-20%

0%

21-29%

0%

30%+

“In the UK and across Europe, we’re seeing a polarised picture on salary increases. Some candidates are getting very competitive offers - 20 per cent or more - particularly where the role is hard to fill or the skills are genuinely scarce. But a lot of moves are happening at 5 to 10 per cent, or even flat. It is not a rising tide lifting all boats; it is very dependent on the individual, the function, and how much leverage the candidate actually has going into the negotiation.”
James Warnaby, Managing Director - Selby Jennings London

Sectors most likely to have received a salary increase:

Investment Banking

Investment Management

Quantitative Analytics, Research & Trading

QUESTION 6

How do you believe your current base salary compares to the wider industry for similar roles?

0%

Much higher

0%

Slightly higher

0%

About the same

0%

Slightly lower

0%

Much lower

Nearly half of respondents believe their base salary is below market rate, and while some of this might be perceptual rather than factual, dismissing it would be a mistake. Professionals who feel underpaid are already looking, even if they haven’t said it outright. The EU Pay Transparency Directive coming into force will change this conversation significantly. When employers are required to publish salary ranges for advertised roles, professionals will be able to benchmark their value far more easily, accelerating movement among those who feel underpaid and raising the expectation for what constitutes a competitive offer. Firms that have conducted an internal pay equity review before that deadline will be better positioned to defend their structures, attract candidates, and retain their valued talent.

“The salary transparency directive is going to be a real inflection point for the European market, and we’ve already had clients asking us how it’s going to affect their hiring. If you need support ensuring your pay structures are competitive, please don’t hesitate to get in touch with us.”
Joseff Richards, Senior Vice President - Head of Selby Jennings Netherlands
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