Bankers' pay surges
Created: Sep 14, 2010 11:00 AM
LONDON (Reuters) - The average pay of junior executives working in the City of London financial sector rose sharply over the summer, a survey by financial services recruitment firm Astbury Marsden said yesterday.
The survey said average base salaries for City workers at assistant vice-president (AVP) level increased by 12 percent from last year to £70,480 ($108,200).
Much of the British public remains angered at the high wages of London bankers, who have been blamed for bringing about the financial crisis and paying out large bonuses despite using taxpayer money to support their banks through the crisis.