What are the average salaries for an investment banker in Luxembourg or other areas of Europe? In addition, what are the average working hours for an investment banker and vacation time?
Other - Europe - 2 Answers
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1 :
Because investment bankers are usually self employed, or are employed by various different types of companies, the earning can vary greatly, over here (in Aus) it could be anywhere upwards of $50,000 annually, and in some cases could be much lower or much higher. So it's difficult to give a straight answer, however Luxemborg has the highest GDP per capita globally, so a job on a salary would pay fairly well. As for working hours and vacations, I'm not sure, but most European countries give 2 weeks vacation, and in some you get up to 10 sick days, and certain maternity or paternity leaves etc.
2 :
Here in Norway it depends on where you work and how experienced you are. By searching the internet, it seems a common starting salary is 450K kr + at least 100K kr in bonuses ($90K USD, £60K GBP total) in brokerages, and a bit less in banks. Some experienced advisors said they earn 800K plus bonuses ($135K, £90K). Leaders and directors earn more, sometimes much more. Average hours at a major brokerage were listed at 45 hours/week, with 37.5 being the base work week. Employees here get 25 paid holiday days (5 weeks).
