Occupational hazard: A trader earns more than an associate lawyer in New York
While trading is the best finance job in NY & London, the median compensation for traders in NY is more than $1,00,000 of Paris.
By Business Insider | Updated:
The world’s top cities have a lot in common, but when it comes to cost of living and job compensation, there are some stark differences. A recent report by salary-benchmarking site emolument.com analysed median job compensation (salary plus bonuses) for 5,162 professionals working in four of the world’s preeminent financial hubs: New York, London, Paris, and Zurich. While trading is the best-paying finance job in New York, London, and Paris, the median compensation for traders in New York is more than $1,00,000 higher than in Paris. Here’s a look at other salaries vis-à-vis cost of living in these cities.
New York
Cost of living index: 100
Trader (VP): $2,40,909
Fund manager (VP): $2,24,179
Lawyer (associate): $1,05,955
Advisory consultant: $1,32,723
Paris
Cost of living index: 84.26
Fund manager (VP): $1,00,379
Lawyer (associate): $1,08,186
Advisory consultant: $72,496
Zurich
Cost of living index: 130.94
Trader (VP): N/A
Lawyer (associate): $1,80,682
Advisory consultant: $1,41,646
Cost of living index: 86.40
Trader (VP): $1,84,028
Fund manager (VP): $1,39,415
Lawyer (associate): $1,23,800
Advisory consultant: $84,764
New York
Cost of living index: 100
Trader (VP): $2,40,909
Fund manager (VP): $2,24,179
Lawyer (associate): $1,05,955
Advisory consultant: $1,32,723
Paris
Cost of living index: 84.26
ADVERTISEMENT
Trader (VP): $1,31,608Fund manager (VP): $1,00,379
Lawyer (associate): $1,08,186
Advisory consultant: $72,496
Zurich
Cost of living index: 130.94
Trader (VP): N/A
ADVERTISEMENT
Fund manager (VP): $1,53,914Lawyer (associate): $1,80,682
Advisory consultant: $1,41,646
ADVERTISEMENT
LondonCost of living index: 86.40
Trader (VP): $1,84,028
Fund manager (VP): $1,39,415
Lawyer (associate): $1,23,800
Advisory consultant: $84,764
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Related Articles
'America, learn from India': US woman riding Mumbai Metro for the first time shares why it is better than the New York subway2026-06-19T12:28:54Z- Times Square shooting and slashing: Teen in custody after violent fight in New York City2026-06-19T03:50:39Z
- Gas prices today June 18: Check daily average rates in California, Texas, Florida, New York, Washington and more2026-06-18T08:39:01Z
ADVERTISEMENT
