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Options Group Announces the Release of Its 2014 Mid-Year Compensation and Hiring Report

Options Group, a leading global executive search and strategic consulting firm, announces the release of its mid‐year report on hiring and compensation trends for financial services professionals. Based upon market conditions and hiring trends for the first four months of 2014, this report indicates that year‐over‐year compensation changes for 2014 will be moderate, ranging from an increase of 15% to a decrease of 15%. Compensation trends are most favorable for investment banking, equity derivatives and credit professionals in the US, EMEA and Asia. In the US and EMEA, Options Group forecasts that average compensation in rates will decrease 15% to 20%, while compensation will increase around 10% for commodities, securitized products and cash equity professionals. Compensation trends for ultra‐high net worth wealth advisors in the US and Asia remain favorable, on average, 10% to 15%.

Key Compensation and Hiring Trends in 2014

    • More employed professionals looking for other opportunities than in previous years.

    • Banks leading in market share are playing defense and using counteroffers to retain staff.

    • Firms with a “black eye” have been offering usually high premiums to attract professionals.

    • Mid‐sized firms are gaining momentum as “brand” matters less to candidates.

    • Operating costs rising, including staffing costs.

This 70‐page report includes:

    • Average change in 2014 total compensation (based on market conditions up to April 30, 2014) for professionals in FICC, equities, investment banking, electronic trading, information technology, quantitative research, risk management and private wealth management in the US, EMEA, Asia and Japan.

    • Compensation tables comparing compensation levels by security and function across major firm types.

    • Counteroffer and rejected offer examples.

    • Key hiring and compensation trends for each product in each region.

    • Select people moves for each category.

  • Summary of Spring Candidate Survey Results.

The report is available exclusively to clients of Options Group.

COMPENSATION DATA ANALYSIS METHODOLOGY
The Options Group 2014 Mid‐Year Review is the culmination of four months of work contributed by over 120 global consultants and research professionals. It is intended to help our clients make informed compensation decisions in 2014. Options Group Intelligence Unit (OGIU) has captured information on global business performance, key talent moves, recruitment trends and compensation practices through its extensive and global database of over 500,000 industry professionals, interviews with senior executives across the industry, and various other data sources.

The candidate survey was conducted from March 12, 2014 to April 16, 2014. This report provides an analysis of historical data and current trends gathered through our discussions with candidates, consultants and clients and offers forward‐ looking compensation projections by product and geographical region. Percentage changes in compensation are based on employees’ expectations and Options Group’s perspectives on current trends.

ABOUT OPTIONS GROUP
Founded in 1992, Options Group is a leading global executive search and strategic consulting firm for the financial services industry. Since 2000, we have maintained a local presence on five continents and have placed thousands of mid‐ to senior‐ level professionals in all areas of the financial services industry at a range of institutions. With over 100 consultants and market intelligence analysts worldwide, Options Group has a thorough knowledge of key competencies in the financial industry and is at the cutting edge of global hiring services and compensation trends for securities, investment banking, hedge funds, asset management, private equity and information technology. Options Group possesses a track record of consistently providing expeditious and comprehensive executive search and market intelligence services to clients.

ABOUT OPTIONS GROUP INTELLIGENCE UNIT (OGIU)
OGIU is the business information and research arm of Options Group. Through its extensive global network of analysts, consultants and client relationships, Options Group Intelligence Unit is uniquely equipped to assist senior executives in making more prudent business decisions by providing timely, accurate and reliable analysis on financial firms and market trends. Options Group is committed to delivering value‐added market intelligence and strategic consulting in addition to our executive search services.

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