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TORONTO, June 13, 2011 /CNW/ - Vlaad and Company, the Canadian Capital
Markets Recruiters, released its annual Canadian Capital Markets Compensation Survey looking at the fiscal year 2010. The survey documents base salaries,
incentive or production bonuses and total compensation among Canadian
Banks, Foreign Banks operating in Canada and Canadian Independent
Investment Dealers. It covers Investment Bankers, Equity Researchers,
and Sales and Trading professionals across the country. The survey also
includes an outlook for 2011. "The Canadian Capital Markets had a
healthy year in 2010, especially if you were involved with the surging
resource sector, but failed to demonstrate significant compensation
improvements year-over-year," said President Bill Vlaad. "While base
salaries rose slightly in most firms, what emerged in 2010 was solid
evidence of 'pay for performance' in incentive compensation."
Strong extraction-related business lines lead increases in compensation
in investment banking.
Compensation for Junior Investment Bankers at Canadian-owned Banks rose
between 5% and 10% whereas Senior Investment Bankers saw the inverse
with a 5% to 10% drop in total compensation.
Foreign Firm base salaries continued to increase with seniority while
variable compensation remained static.
Professionals at Independent shops saw little change in base salary;
however production bonuses were the widest ranging in the country.
Senior Bankers—VP, Directors/Executive Directors and Managing
Directors—saw Foreign Firms provide the highest base pays while
Independent Dealers allowed for the greatest participation in cash in
variable compensation. However, across all firms some bonuses were
significantly lower than expected.
Equity Research Associates were down 5% to 10% in total compensation.
However, Associates from Foreign Firms were among the best paid on the
Among Analysts already impacted by consolidating industry groups, total
compensation decreased as much as 15% to 25%.
Sales and Trading:
Compensation appeared lower and depended greatly upon client size,
geographic coverage and product offering.
For an outlook on the Capital Markets in 2011, please contact Vlaad and
Vlaad and Company is a recruitment firm specializing in the placement of
Capital Markets professionals across Canada and in London, UK. In 2006,
Vlaad and Company initiated the Canadian Capital Markets Compensation Survey to gauge compensation trends, levels and variability. Through an
independent-minded, rigorous process, the survey provides reliable
compensation comparisons for those employed in the Capital Markets.
With 2010 data collected between January 1, 2011 and April 30, 2011
from over 700 individual participants at 51 firms, Vlaad and Company's Canadian Capital Markets Compensation Survey is the largest and most comprehensive in the Canadian Capital Markets.
/NOTE TO EDITORS: Media Assets accompanying this story are available as
SOURCE Vlaad and Company Inc.
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