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Double Your Pay in Switzerland

Higher salaries, lower taxes lure European treasury pros, who have seen few raises since 2008.

By Rebecca Brace | Updated on April 28, 2011

European treasurers looking to boost their earnings after years of static pay could do worse than relocate to Switzerland, a recent survey by U.K.-based treasury search firm MR Recruitment has revealed.

The survey, which attracted responses from 615 participants worldwide, found that the average base salary in the U.K. for group treasurers, as the treasurer is known there, was £120,777 ($199,344), with an average total compensation of £165,047 ($272,399). In comparison, group treasurers in Switzerland can expect to earn a base salary of 235,480 Swiss francs ($265,551) and a total package of 306,296 Swiss francs ($345,410).

Job category

Average base salary

Average total compensation

U.K.

Group Treasurer

£120,777/$199,344

£165,048/$272,399

Treasury Manager

£55,329/$91,316

£64,664/$106,723

Treasury Analyst/Dealer

£34,063/$56,218

£36,243/$59,817

Switzerland

Group Treasurer

£157,628/$265,551

£204,996/$345,410

Treasury Manager

£101,380/$167,321

£112,633/$189,813

Treasury Analyst/Dealer

£79,762/$131,642

£82,917/$139,716
       

Source: MR Recruitment 2011 Treasury Salary Survey. Conversions at prevailing exchange rate.

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