Salary Guide: Banking & Stockbroking Contract & Interim Rates Guide

Tuesday, January 31, 2017

The contract and interim market in banking and stockbroking sector has remained stable throughout 2016.

Unlike previous years where the contract market was primarily to manage costs and headcount more efficiently, in 2016 we have seen a shift towards contractors being employed for specific projects, especially in the areas of arrears support and restructuring, in order to close off loan books as candidates move into new lending positions.

Private Banking Contract & Interim Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Wealth Manager 0 - 3 25 - 35 25 - 31 25 - 31 25 - 31
3 - 5 35 - 65 31 - 55 31 - 55 31 - 55
5+ 65 - 75 55 - 58 55 - 58 55 - 58
Private Banking Manager 0 - 3 25 - 30 22 - 27 22 - 27 22 - 27
3 - 5 30 - 45 27 - 42 27 - 42 27 - 42
5+ 45 - 55 45 - 47 45 - 47 45 - 47
Private Banking Officer 0 - 3 16 - 20 14 - 17 14 - 17 14 - 17
3 - 5 20 - 23 17 - 20 17 - 20 17 - 20
5+ 23 - 30 20 - 22 20 - 22 20 - 22
Private Banking Administrator 0 - 3 14 - 18 12 - 15 12 - 15 12 - 15
3 - 5 18 - 23 15 - 18 15 - 18 15 - 18
5+ 23 - 25 18 - 20 18 - 20 18 - 20

Corporate Banking Contract & Interim Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Corporate Banking Manager 0 - 3 28 - 35 25 - 31 25 - 31 20 - 25
3 - 5 35 - 50 31 - 45 31 - 45 25 - 35
5+ 50 - 60 45 - 47 45 - 47 35 - 40
Corporate Banking Officer 0 - 3 16 - 19 16 - 19 16 - 19 14 - 16
3 - 5 19 - 23 19 - 22 19 - 22 16 - 19
5+ 23 - 30 22 - 25 22 - 25 19 - 25
Corporate Banking Administrator 0 - 3 14 - 18 12 - 15 12 - 15 11 - 15
3 - 5 18 - 23 15 - 20 15 - 20 15 - 20
5+ 23 - 25 20 - 23 20 - 23 20 - 23

Commercial Banking Contract & Interim Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Commercial Banking Manager 0 - 3 23 - 28 20 - 25 20 - 25 20 - 22
3 - 5 28 - 45 25 - 40 25 - 40 22 - 30
5+ 45 - 55 40 - 50 40 - 50 30 - 37
Commercial Banking Officer 0 - 3 15 - 18 12 - 16 12 - 16 12 - 16
3 - 5 18 - 20 16 - 18 16 - 18 16 - 18
5+ 20 - 25 18 - 22 18 - 22 18 - 22
Commercial Banking Administrator 0 - 3 14 - 16 11 - 13 11 - 13 11 - 13
3 - 5 16 - 19 13 - 15 13 - 15 13 - 15
5+ 19 - 23 15 - 20 15 - 20 15 - 20

Stock Broking Contract & Interim Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Corporate Finance Executive 0 - 3 28 - 30 20 - 27 20 - 27 17 - 25
3 - 5 30 - 40 27 - 35 27 - 35 25 - 35
5+ 40 - 45 35 - 40 35 - 40 35 - 37
Equity Analyst 0 - 3 14 - 18 14 - 18 14 - 18 14 - 18
3 - 5 18 - 33 18 - 30 18 - 30 18 - 30
5+ 33 - 45 30 - 42 30 - 42 30 - 42
Trader 0 - 3 23 - 35 20 - 30 20 - 30 17 - 30
3 - 5 35 - 60 30 - 50 30 - 50 30 - 47
5+ 60 - 75 50 - 60 50 - 60 47 - 55
Research Analyst 0 - 3 14 - 18 14 - 18 14 - 18 14 - 18
3 - 5 18 - 32 18 - 30 18 - 30 18 - 30
5+ 32 - 48 30 - 45 30 - 45 30 - 45

Retail Banking Contract & Interim Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Branch Manager 0 - 3 28 - 30 22 - 27 22 - 27 20 - 22
3 - 5 30 - 35 27 - 31 27 - 31 22 - 27
5+ 35 - 45 31 - 35 31 - 35 27 - 37
Assistant Branch Manager 0 - 3 20 - 25 18 - 22 18 - 22 17 - 20
3 - 5 25 - 28 22 - 25 22 - 25 20 - 22
5+ 28 - 33 25 - 27 25 - 27 22 - 25
Financial Planning Consultant 0 - 3 18 - 23 16 - 21 16 - 21 15 - 20
3 - 5 28 - 35 21 - 31 21 - 31 20 - 30
5+ 35 - 50 31 - 41 31 - 41 30 - 40
Customer Service Officer 0 - 3 12 - 15 10 - 13 10 - 13 9 - 10
3 - 5 15 - 18 13 - 15 13 - 15 10 - 13
5+ 18 - 20 15 - 18 15 - 18 13 - 15

Mortgages Contract & Interim Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Mortgage New Business
Underwriter
0 - 3 14 - 18 14 - 16 14 - 16 12 - 15
3 - 5 18 - 25 16 - 20 16 - 20 15 - 17
5+ 25 - 30 20 - 22 20 - 22 17 - 20
Mortgage Arrears Underwriter 0 - 3 16 - 18 14 - 16 14 - 16 12 - 15
3 - 5 18 - 23 16 - 20 16 - 20 15 - 17
5+ 23 - 28 20 - 22 20 - 22 17 - 22
Mortgage Arrears Team Manager 0 - 3 25 - 33 22 - 29 22 - 29 20 - 25
3 - 5 33 - 45 29 - 41 29 - 41 25 - 30
5+ 45 - 50 41 - 42 41 - 42 30 - 35
Mortgage Collections Officer 0 - 3 12 - 15 10 - 12 10 - 12 10 - 12
3 - 5 15 - 20 12 - 16 12 - 16 12 - 15
5+ 20 - 23 16 - 17 16 - 17 15 - 16
Mortgage Customer Service
(Non arrears)
0 - 3 28 - 33 22 - 29 22 - 29 22 - 29
3 - 5 33 - 40 29 - 41 29 - 41 29 - 41
5+ 40 - 60 41 - 42 41 - 42 41 - 42
Commercial Restructuring
Manager
0 - 3 16 - 20 14 - 16 14 - 16 14 - 16
3 - 5 20 - 25 16 - 20 16 - 20 16 - 20
5+ 25 - 28 20 - 22 20 - 22 20 - 22
Commercial Restructuring Officer 0 - 3 18 - 20 14 - 18 14 - 18 12 - 17
3 - 5 20 - 25 18 - 22 18 - 22 17 - 20
5+ 25 - 28 22 - 25 22 - 25 20 - 22

Product Specialist Contract & Interim Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Product Specialist 0 - 3 18 - 23 15 - 21 15 - 21 14 - 20
3 - 5 23 - 33 21 - 26 21 - 26 20 - 25
5+ 33 - 38 26 - 31 26 - 31 24 - 29
Product Manager 0 - 3 33 - 38 30 - 33 30 - 33 28 - 32
3 - 5 35 - 43 33 - 38 33 - 38 30 - 36
5+ 45 - 55 38 - 58 38 - 58 35 - 55

Commentary on Banking & Stockbroking Roles and Contract Rates in Ireland for 2017

We have seen a need for candidates within the area of securities as the banks’ continue to evolve and move towards online platforms. 

Traditionally we would see this area employ contractors on short term PAYE contracts, with similar salary scales as permanent staff but fewer benefits. However, as the permanent markets continues to improve companies are now offering similar benefits and contract completion fees to attract and retain more candidates.

This originally appeared on morganmckinley.ie