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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Wages are set to rise by an average of 1.4% in the coming year, with the banking and insurance sector seeing a modest increase of 1.5%, down from 1.8% last year. Many bankers are likely to be disappointed, as substantial pay rises are not expected amid industry consolidation and the impact of falling interest rates. Job changes no longer guarantee significant salary increases, particularly for those leaving or being laid off from institutions like Credit Suisse.
Salaries in the banking sector are set to rise by an average of 1.5% in 2025, following a 1.8% increase last year, reflecting a modest growth compared to other industries like IT and pharmaceuticals. Many bankers may face disappointment as significant pay hikes are unlikely, with institutions focusing on consolidation amid falling interest rates and lower revenues. The initial wave of job changes post-Credit Suisse's collapse has passed, leaving those considering resignations or facing layoffs with tougher prospects and potential salary reductions.
Wages are set to rise by an average of 1.4% in the coming year, with the banking and insurance sector seeing a modest increase of 1.5%. Many bankers are likely to be disappointed, as substantial pay rises are not expected amid industry consolidation and the impact of falling interest rates. Job changes no longer guarantee significant salary increases, particularly for those leaving Credit Suisse.
Jonas Neff
People
04:54 05.12.2024
04:54 05.12.2024
04:54 05.12.2024
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