Bankers Bonuses

How big are these bank bonuses?

Barclays' boss Bob Diamond seems set to receive an £8m bonus; Goldman Sachs has set aside $15.3bn (£9.5bn) for bonuses and salaries to pay its staff in 2010 – an average of $430,000 (£270,000) each.

The average nurse in the UK makes £18,000 per year, or the average bin man £22,000 per year, or £346 and £423 per week. This compares to the average Goldman Sachs pay of £270,000 per employee, which works out at roughly £5,200 per week. For comparison, the average wage in the UK is £26,000 per year for all employees and £31,200 for full-time employees, or £600 per week, according to the Office for National Statistic’s just published ASHE (Annual Survey of Hours and Earnings) survey for 2010.

So, we can say that an average Goldman Sachs employee makes ten times more than the average employee in the UK. But this might translate to a net income for the average UK employee of £25,000 a year, or £480 weekly; accordingly it would take at least ten years for the average employee to earn the kind of money a banker makes in one.

If a banker earns more than £150,000 before tax, or £104,000 after tax, he is in the top 0.6% of the UK population ranked by income.

FROM HERE