![Risk.net](https://www.risk.net/sites/default/files/styles/print_logo/public/2018-09/print-logo.png?itok=1TpHrpuP)
US salaries moderately up
Foreign exchange dealers in the US saw slight increases in their wages this year, according to a new salary survey out this month, reports Risk’s sister publication, FX Week .
"Demand for foreign exchange traders in the US was again fairly flat," said Len Adams, president and chief executive officer of Adams Consultancy in New York.
Advisory staff at assistant vice-president level saw the lowest rise this year of 2%, up to $96,000 from $94,000 in 2002, while treasurers’ 5% year-on-year increase was among the largest, compared with a 3% rise in 2002.
"Treasurers, unlike forex traders, tend to be broader in approach in terms of product development and revenue enhancement, so institutions are attempting to keep them satisfied," said Adams. Forex was flatter than the other capital markets and treasury areas covered by the survey, he added.
Foreign exchange dealers in London received similar amounts last year, according to London-based recruiters. One put the salary range for a senior forex spot trader in London at £85,000-90,000 ($160,000), although traders who have been in the market for a long time might get as much as £125,000 ($222,000), he added.
"The spot market is an established market, so the wages have pretty much stabilised," said one foreign exchange recruiter. "Banks are not paying premiums apart from for the odd exceptional trader who gets poached, and traders are more likely to upgrade house rather than their package." Junior staff may double their salaries on a move, but they will start out on around £45,000 ($80,000), he added.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
Cardano’s Max Verheijen moves to BasisPoint
Verheijen spent 24 years at the Dutch pension advisory firm
People: SocGen’s Farah replaces Salorio, Deutsche makes credit hire, and more
Latest job changes across the industry
Coex Partners hires former Citi head of FX Apac sales
Matt Long joins Coex in Singapore to oversee FX execution and trading strategy for regional clients
Athora CFO exit caps management overhaul
Entire management team at Apollo’s European insurance affiliate has been replaced since 2022
People: New brooms at NatWest and Tradeweb; MUFG splits rates, and more
Latest job changes across the industry
Bank of America’s Kris Fador elected FS-ISAC board chair
Industry consortium for cyber security also adds new board directors from Swift, PNC, Truist and CME
People: Barclays’ macro trade reshuffle, UBS board moves, and more
Latest job changes across the industry
Asia moves: Senior hires at HKEX, UBS and more
Latest job news from across the industry