Quantitative Analysts	UK
	Tier 1 £000s						Tier 2 £000s
Title	IR Derivatives	Equity Derivatives	Credit Derivatives	FX Derivatives	Model Validation		IR Derivatives	Equity Derivative	Credit Derivatives	FX Derivatives	Model Validation
Managing Director	135+800	140+830	140+555	135+750	x		140+665	130+650	140+200	130+630	x
Executive Director	100+520	115+535	100+320	95+435	90+80		105+390	110+425	100+120	95+245	90+85
Director	90+235	95+235	90+165	85+190	70+70		90+200	90+210	90+80	75+95	70+60
Associate Director	80+115	80+150	85+35	75+90	55+50		80+95	80+105	85+40	75+75	55+45
Associate	75+30	75+40	70+15	65+20	50+20		55+30	55+30	55+15	50+25	40+10
Quantitative Analysts	US
	Tier 1 £000s						Tier 2 £000s
Title	IR Derivatives	Equity Derivatives	Credit Derivatives	FX Derivatives	Model Validation		IR Derivatives	Equity Derivative	Credit Derivatives	FX Derivatives	Model Validation
Managing Director	125+860	125+830	120+560	120+700	x		140+625	120+630	100+160	110+605	x
Executive Director	100+505	100+525	100+320	100+340	90+90		100+415	100+405	100+105	100+215	90+80
Director	90+215	90+230	85+190	80+160	70+75		95+145	85+155	85+65	75+80	70+40
Associate Director	80+95	80+125	70+105	75+90	60+50		70+80	75+85	75+25	65+55	60+30
Associate	55+25	60+35	55+30	50+20	50+10		55+20	55+20	55+10	55+20	45+10