MR Treasury Recruitment

In our 2011 survey we made the following comment:

"Many financial markets have had a tough year and this has been reflected in the bonus levels received by many in our survey"

Well things haven't changed too much it seems. It's been another tough year economically speaking but you knew that already - what we have had to do this year is actually produce a Global Salary survey & one Swiss Regional survey.

Do You Consider Yourself To Be

An Above Average Treasury Professional?

CLICK HERE to Take Part in our 2012 Treasury Salary Survey and Find Out!!!

This year we've produced 2 surveys:

Survey 1 - Full Global Survey Our first includes the salaries of all 588 Treasury Professionals.

Survey 2 - Our Swiss Regional Survey This survey specifically focuses upon the salaries of the 83 participants from Switzerland. As it is a regional Survey the figures are given in Swiss Franc, CHF.

The higher salaries on offer in Switzerland combined with lower tax rates despite higher living costs have led to an exodus of skilled treasury professionals to the region. Once an individual has made the move to Switzerland, they become used to the higher salaries and lower tax and it becomes harder to move back to the U.K.

We estimate that at least 40% of the candidates we meet express a possible interest in relocating to the country - be it Geneva or Lausanne in the South or Zurich & Zug in the North. Given the international nature of the work they do Treasury professionals are more geographically mobile than ever before. We have recently placed candidates from the UK and Europe into Switzerland, the Netherlands, Singapore and Australia.

Our surveys are 100% confidential.

The full surveys are only made available to those treasury professionals who have taken the time to take part.

If you want to download the FULL results of last years survey to get an idea of what is included before joining this years survey then click on the 2011 Salary Survey Download link below.

To Download The

2011 Treasury Salary Survey Results Click Here

2011 Treasury Salary Survey Results

In our 2011 MR Recruitment Treasury Salary Survey consisted of the following:

• 615 Participants Globally
• Unrivalled In-Depth Analysis & Research
• All levels researched from Treasury Assistant to Global Treasurer

Background to the Survey

The MR Recruitment Salary Survey was originally created in 2002 as a result of our frustration at the poor standard of other generalist surveys.

Even today those currently available still fail to provide any real insight into the overall compensation of Global Treasury Professionals as all they offer are "finger in the air" generic salary ranges that fail to take account of the specialist nature of treasury.

No mention is made of the relative seniority of positions, the scope of roles surveyed or the geographic responsibility encompassed within such roles.

Our survey also offers clients not just numbers but an assessment of market sentiment from treasury professionals about how they actually feel about their levels of compensation.

The 2011 survey included the following job categories:

Treasury Assistant
Treasury Analyst/Dealer
Treasury Accountant
Treasury Manager
Treasury Consultant
Assistant Treasurer
Deputy Treasurer
International / Regional Treasurer
Group Treasurer

The divisions were created using the same range of objective measures as previous surveys, these included size of company, seniority within the treasury department & relative size of the treasury department. In our experience, a Group Treasurer at one company may be equivalent to a Treasury Manager elsewhere so we used our specific treasury recruitment expertise to distinguish between & categorise individuals.

As always, the survey is designed to give information that is meaningful and realistic, rather than generic ranges of salary data. We further divide the groups according to separate geographic regions, enabling us to better illustrate where in the world treasury professionals need to be to in order to earn the greatest reward.

2011 MR Recruitment Survey - Points to Note

Relative Sample Sizes - Our survey started in the UK and the region has a well established network of treasury professionals. This has meant that there was an emphasis on UK salaries in the past. However our survey has grown rapidly across Europe and also globally. In our 2009 salary survey we only had 18 Swiss based participants, we now have 83 Swiss participants and this continues to grow.

Discrepancies - It may be noted that there are sometimes slight discrepancies in the number of respondents within some of the charts i.e. some of the more junior staff were not aware of their company's exact turnover and so an answer to the question was not mandatory in the survey.

Outliers - Within some of the categories there are quite wide salary ranges we have tried where possible to categorize where we believe participants fit in our judgment of their position and role. Please remember this is a Global survey so geographic differences are making a real impact on the figures.

Job Titles - For the sake of simplicity, the titles 'International Treasurer' and 'Regional Treasurer' have been "merged" if an International or Regional Treasurer does need more individualised salary advice then please contact us.

To Download The

2011 Treasury Salary Survey Results Click Here

Summary

Our final note is as always a massive thank you to you who have taken time out of your ever increasingly busy schedules to complete our 2012 Salary Survey. You make it the invaluable document it is.

If you want or need any further Treasury Recruitment advice then you know where we are, give us a call or email us and we'll willingly offer you our honest independent advice. I look forward to speaking to you.

Regards
Mike Richards
Managing Director
MR Recruitment

Offices

MR Recruitment - Europe
10 Whitehorse Mews
Westminster Bridge Road
London
SE1 7QD
Tel: +44(0) 207 401 7888
Mob: +44(0)7813 612 399
MR