The continued strength of the Investment Banking sector continues to stimulate a high demand for talent on behalf of the principal players, and therefore an increase in remuneration at all levels. In an attempt to attract and retain qualified professionals, companies are relying more heavily on intangible benefits.

Out of the companies studied in the Comparative Analysis of Salaries in Investment Banking in Spain, presented by Bao & Partners / Signium International this October, 95% utilize some type of fringe benefits as a form of non-monetary remuneration, which ranges from private medical or life insurance, meal tickets and parking spaces, to benefits such as company cars, mobile phones and retirement plans. This form of compensation is becoming noticeably frequent even for junior positions.

Pedro Herráiz
Associate
Bao & Partners / Signium International