2010 Vault Banking Survey: Hours & Compensation

by Derek Loosvelt | August 11, 2010

As part of its 2010 Banking Survey, Vault asked approximately 2,000 banking professionals to rate their satisfaction with respect to the number of hours they work, as well as to rate their satisfaction with their overall compensation. Below, you'll find a preview of the results culled from the answers to these two questions (all of the results, including the new Top 50 Rankings, are forthcoming in early September).

Hours

Average score on a scale of 1 to 10 (where 1 is completely unsatisfied and 10 is completely satisfied) that respondents give to the number of hours they work: 6.92

… by department …
 
Who's the happiest with the number of hours they work?
(1)  Research (7.72)
(2)  Sales & Trading (7.70)
(3)  Risk Management (7.61)
 
Who's unhappiest?
(1)  Leveraged Finance (5.87)
(2)  M&A (6.54)
(3)  Corporate Finance (6.55)
 
 … by location …
 
In which city are banking professionals happiest with the hours they work?
(1)  Los Angeles (7.64)
(2)  San Francisco (7.47)
(3)  Chicago (7.13)
 
In which city are they unhappiest?
(1)  Atlanta (6.74)
(2)  New York (6.76)
(3)  Toronto (7.09)
 
 … by gender …
 
On average, WOMEN (7.16) are happier than MEN (6.86) with the number of hours they work.
 
 
Compensation

Average score on a scale of 1 to 10 (where 1 is inadequate and 10 is extremely generous) that respondents give to their compensation: 6.86

… by department …
 
Who's the happiest with their overall compensation?
(1)  M&A (7.51)
(2)  Sales & Trading (7.36)
(3)  Research (6.76)
 
Who's unhappiest?
(1)  Commercial Lending (5.64)
(2)  Risk Management (5.94)
(3)  Account/Relationship Management (6.51)
 
 … by location …
 
In which city are banking professionals happiest with their overall compensation?
(1)  Los Angeles (8.00)
(2)  Chicago (7.81)
(3)  Toronto (7.35)
 
In which city are they unhappiest?
(1)  Atlanta (5.72)
(2)  San Francisco (6.44)
(3)  New York (7.04)
 
 … by gender …
 
On average, MEN (6.94) are more satisfied than WOMEN (6.72) with their overall compensation.
 

Filed Under: Finance


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