According to the report, opposed to earlier practice of paying bonus mainly based on individual performance, the greater number of firms are now focusing on overall profits.

"Even if a banker has had a spectacular year but the institution for whom they work has performed badly … this affects their bonuses significantly," Reuters quoted Sophie De Ferranti, head of private wealth management at London headhunter Valens Goldberg.

Bankers’ base salaries have remained constant during the last 12 months, De Ferranti added, but performance-linked compensation has dropped "significantly".

According to the report, bonuses had dropped to around 20-30 percent of revenues generated from bringing in new clients and selling financial products to them, from up to 50% before the crisis.

Quoting unnamed sources, the report says that base salaries for client advisers are between CHF130,000 and CHF150,000, while a banker at managing director level can expect to earn basic pay of about CHF250,000.

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