European treasurers looking to boost their earnings after years of static pay could do worse than relocate to Switzerland, a recent survey by U.K.-based treasury search firm MR Recruitment has revealed.
The survey, which attracted responses from 615 participants worldwide, found that the average base salary in the U.K. for group treasurers, as the treasurer is known there, was £120,777 ($199,344), with an average total compensation of £165,047 ($272,399). In comparison, group treasurers in Switzerland can expect to earn a base salary of 235,480 Swiss francs ($265,551) and a total package of 306,296 Swiss francs ($345,410).
|
Job category |
Average base salary |
Average total compensation |
|
|
U.K. |
|||
|
Group Treasurer |
£120,777/$199,344 |
£165,048/$272,399 |
|
|
Treasury Manager |
£55,329/$91,316 |
£64,664/$106,723 |
|
|
Treasury Analyst/Dealer |
£34,063/$56,218 |
£36,243/$59,817 |
|
|
Switzerland |
|||
|
Group Treasurer |
£157,628/$265,551 |
£204,996/$345,410 |
|
|
Treasury Manager |
£101,380/$167,321 |
£112,633/$189,813 |
|
|
Treasury Analyst/Dealer |
£79,762/$131,642 |
£82,917/$139,716 |
|
Source: MR Recruitment 2011 Treasury Salary Survey. Conversions at prevailing exchange rate.
At the treasury analyst/dealer level, the discrepancy is even more dramatic. Average total compensation was £36,243 ($59,817) in the U.K. and 123,895 Swiss francs ($139,716) in Switzerland. Meanwhile, total compensation for treasury managers was £64,664 ($106,723) in the U.K., compared with 168,319 Swiss francs ($189,813) in Switzerland.
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