“While the salary averages between 2001 and 2002 indicate some professionals received slight salary increases, the biggest boost to compensation appears to come from the 2002 bonus payout,” said Greenwich.
For equity derivatives portfolio managers, Greenwich found that the average bonus reported in 2002 was $265,000, up from $250,000 in 2001. For traders, the average bonus was $140,000 in 2002, up from $130,000 in 2001. And for derivatives specialists, the average bonus was $250,000 in 2002, compared with $240,000 the year before.
Greenwich said it interviewed 129 equity derivatives portfolio managers, traders and derivatives specialists at hedge funds, pension funds and investment organisations throughout the US and Canada between January and March of this year.
The week on Risk.net, July 7-13, 2018Receive this by email