{"id":359328,"date":"2025-08-20T11:47:10","date_gmt":"2025-08-20T11:47:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/359328\/"},"modified":"2025-08-20T11:47:10","modified_gmt":"2025-08-20T11:47:10","slug":"jefferies-top-bankers-earn-2m-in-london-but-a-handful-of-top-traders-at-nomura-dont-do-badly","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/359328\/","title":{"rendered":"Jefferies’ top bankers earn $2m in London, but a handful of top traders at Nomura don’t do badly"},"content":{"rendered":"

Much discussion has been had for pay at the big American banks in London<\/a>, as well as the pay at their Europeans rivals in the city<\/a>, but one group tends to avoid both ends of scrutiny: smaller international banks. Do not be alarmed \u2013 those banks are paying huge sums, too.<\/p>\n

Click here to register your interest in entering the bubble by eFinancialCareers, our new anonymous community.\u00a0<\/a>\u270d\ufe0f<\/p>\n

Jefferies, for example, is generous in London. Jefferies paid its MRTs (Material Risk Takers \u2013 a regulatory term covering a bank\u2019s most important and well-paid people) an average of $1m in salaries and $1m in bonuses<\/a> for their work in 2024. Jefferies’ MRTs were paid an average of $2m each. That was higher than the pay at any of their fellow American banks<\/a> – Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America, and Citi.<\/p>\n<\/p>\n

At the very top of the scale, though, MRTs at Nomura may do even better.<\/p>\n

Although Nomura’s 254 MRTs earned an average of $970k in 2024, the Japanese bank paid 19 people over \u20ac2m ($2.3m). The bank has a seemingly well-deserved reputation for paying its traders well.\u00a0<\/p>\n

Nomura also designates a high number of its people MRTs. It has 254 in London, versus 325 at Morgan Stanley, for example.\u00a0<\/p>\n<\/p>\n

Wells Fargo and Mizuho are the poor relations. Pay at both was significantly behind any similarly-sized rival in London, American or otherwise, and was more comparable to Lloyds<\/a> or to Rothschild<\/a>. Those banks paid their investment banking MRTs averages of $829k and $720k, respectively. Only Berenberg, which paid its 20 MRTs an average of \u20ac390k ($456k), was markedly worse.\u00a0<\/p>\n

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