In 2021, compared to 2020, the increase in the number of bankers earning a high income (more than €1 million) rose by 41.5% – from 1,383 to 1,957 people – the highest total since 2010, according to an analysis published by the European Banking Authority (EBA) on Thursday 19 January.
The highest paid bankers in Europe are located in Spain, Germany and France.
The trend is linked to the good performance of banking groups, especially in investment banking, combined with the continued relocation of staff from the UK to the EU following Brexit, according to the EBA.
The European authority has also noted that the share of deferred income dependent on a banking group’s results, as a proportion of total variable remuneration, is on average 56.4%. Similarly, the average share of variable compensation that is paid in the form of financial assets has reached 51.5%.
See the EBA analysis: https://aeur.eu/f/50g (Original version in French by Mathieu Bion)