Investment Bank Compensation: Brazil Pay Leads EM
Sep 1, 2010
As competition to attract talent intensifies, Brazilian investment bank pay could spiral out of control. Upwards salary pressure shows no signs of abating.
by Natalie Feary
Emboldened by Brazil’s stellar performance through crisis and almost a decade of stability, investment banks are bidding up talent on the ground. While the world may be unsure about a double dip, senior LatAm banking management appears convinced Brazil will shine even if there are further shocks. Global banks expanding platforms, established local players striking back, and latecomers to the feast are pushing recruitment to the top of the agenda.
The fourth annual compensation survey by LatinFinance in association with global recruitment firm Options Group shows Brazilian pay rises returning to pre-crisis levels. Brazil investment banking compensation has rebounded faster than in other emerging markets, with remuneration expected to be at least 25% higher than in China and India, and around 40% more than elsewhere in LatAm.
"Banks have been given the green light to take risks. There is definitely the appetite to keep growing and...
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