2014 Variable Compensation Awards

2014 Variable Compensation awards (which exclude charges for prior year deferrals but include current year awards amortized in the future) were € 2.7 billion in total. The Group-wide deferral ratio (including EUAs) was 52 %.

Variable Compensation and deferral rates
Variable compensation and deferred rates (bar chart)

 

2014

2013

in € m. (unless stated otherwise)

CB&S

GTB

Deutsche AWM

PBC

NCOU

Group Total

Group Total

1

Total Compensation defined as fixed pay (base salary + AFPS + relevant local allowances) plus VC

Total Compensation1

4,472

998

1,502

2,830

218

10,020

9,871

thereof:

 

 

 

 

 

 

 

Fixed Pay

2,771

756

1,037

2,580

169

7,313

6,707

Variable Compensation

1,701

242

465

250

49

2,707

3,164

# of employees (full-time equivalent) at period end

25,843

11,284

11,635

47,619

1,757

98,138

98,254

All figures in the table include the allocation of Infrastructure related compensation and number of employees according to our established cost allocation key. The table may contain marginal rounding differences.

Variable compensation has been used in the above table. The Group total of € 2.7 billion aligns to the VC pool as signed off by the Management Board. Please note that for fixed to variable ratio calculation purposes, ‘variable pay’ has been used, which comprises variable compensation as well as other discretionary remuneration payments.

As detailed in the section “CRD 4 Implementation”, the application of a 1:1 and 1:2 ratio has required a ‘rebalancing’ from variable to fixed compensation for a number of employees. The proportion of fixed and variable compensation within “total compensation” in the above table is reflective of the measures taken to adhere to the mandated ratios.


Key figures comparison

Compare key figures of the past years. more