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You Can Still Take Part In The 2010 MR Recruitment Treasury Salary Survey
This year’s survey is bigger than ever before. We’ve managed to produce a 215 page Treasury Salary Survey that reviews and analyses the salaries of 605 treasury professionals at all levels from Treasury Assistant through to Global Treasurer.
As you might have guessed there have been winners and losers in all corners of the world!
As always the survey is 100% confidential and the full survey is only available to those treasury professionals who have taken the time to take part.
If you want to review some Highlights from the 2010 Survey without access to the Full Survey before deciding to take part then just click on the Highlights Link below.
Once you’ve reviewed the Highlights and decided what an amazing document it is then all you have to do to take part is click on the Take Part in the 2010 Salary Survey link below.
You will then receive a copy of the Full Survey and your details will be integrated into our next set of results when we re-run the Survey engine in the next month or so.
In addition to the Global results with the assistance of the ACTSR, the Swiss Treasurers Association, we have also produced a Swiss Regional Survey. Their help and advice has been invaluable.
If you want to review Highlights of the 2010 Swiss Treasury Salary then click on the link below. If you are interested in the Swiss Treasury market and would like to discuss the state of the Swiss Treasury market and receive a full copy of the results then please contact us and we can send them to you on an individual basis.
605 Participants Globally
128 pages of In-Depth Analysis & Research
All levels researched from Treasury Assistant to Global Treasurer |
Background To The Survey
The MR Recruitment Salary Survey was created in 2002 as a result of our frustration at the poor standard of other generalist surveys. Those currently available 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. It was also evident that our survey needed to offer clients not just numbers but it needed to assess how treasury professionals actually feel about their levels of compensation.
Initially our survey numbered just 138 participants and was dominated by participants from London & the UK. However as the global reach of MR Recruitment has increased the survey has evolved. To ensure accuracy, we have confirmed the compensation data of the 605 treasury professionals who have taken part from Treasury Assistant to Global Treasurer within the past 2 months.
UK Sterling is the current choice of base currency for the survey using the following conversion rates: GBP = £1, CHF = 1.59528, EUR = 1.09685, USD = 1.50447, SPD = 2.10197. These rates were assessed on 15th March 2010 via xe.com. The base currency for the survey may change as the survey continues to grow and if the Euro overtakes the £ in terms of participant numbers.
The following charts illustrate the current geographic breakdown of the survey -
Division of Groups
Per our 2009 survey, we divided our survey sample into five major categories – Treasury Assistant, Treasury Analyst/Dealer, Treasury Manager, Assistant Treasurer and Group Treasurer. The divisions were created using the same range of objective measures as our last survey, these include; 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 our 2010 survey has grown with over 600 people taking part, we have created other categories including Treasury Accountant, Treasury Consultant, Deputy Treasurer and International / Regional Treasurer.
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.
The increase in numbers has, as predicted in 2009 allowed us to produce a Swiss Regional Survey with a current sample size of 76 participants, as of 3rd March 2010.
2010 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 however with the assistance of the ACTSR, the Swiss Treasurers Association, we now have over 80 participants and this continues to grow. Their help and advice has been invaluable. In return, we’ve been able to provide them with a Swiss Regional Survey at no cost.
It may be noted that the size of the sample within Asia Pacific is much lower than the UK and continental Europe. The reasons for this are two fold: firstly this is a new region for MR Recruitment and as a result our reach within the region is still developing. Secondly, there are often fewer senior Treasury professionals based in the region as this is where many companies have ‘Treasury Service centres’ rather than their centralised Global Treasury operations.
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.
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.
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 2010 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
10 Whitehorse Mews
Westminster Bridge Road
London
SE1 7QD
Tel: +44(0)207 401 7888
Mob: +44(0)7813 612 399MR |
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