Trade finance salaries feature amongst the lowest in the banking industry according to recent salary surveys.

The surveys, which looked at banking salaries in the US and the UK, have been produced by recruitment firmsRobert Walters,Kennedy PearceandMichael Page

Comparisons

After five years working in trade finance, a banker working in London can earn around £40,000 a year.

This is rather more than annual salaries of £35,000 earned by bankers in comparable treasury jobs but less than the £55,000 a year salary earned by those working in bank reconciliation.

Regional differences

Amongst the lowest paid bankers are working in settlements. According to Robert Walters, Wall Street bankers in this area earn annual salaries of between US$35-$55,000 after four years.

At least in the UK, there are big regional salary differences. Bankers in reconciliation earning £55,000 a year in London would take home an annual salary of just £25,000 doing the same job in Birmingham

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