Top executives in the Brazilian capital of Sau Paulo are reportedly earning higher salaries than their counterparts in the global financial powerhouses of New York, London and Hong Kong, according to a survey by Brazilian executive search firm Dasein.
The findings of the survey, based on information from 80 multinational executives based in Brazil, Hong Kong, London and New York show that Brazil offers the highest base cash compensation ($243,000 USD) among these, followed by New York ($213,000), London ($179,000), and Hong Kong ($97,000). A recent Reuters report that upholds the survey results further points out that a chief executive in Brazil’s financial capital Sao Paulo can expect to earn $620,000 a year on average, excluding bonuses, which is significantly more than the $574,000 average salary of top bosses in New York and $550,000 in London.
Some of my more recent work took me to discussions with candidates from Brazil.
I have no doubt that there will be increases in executive salaries as the economy improves and this will have effects eventually on middle-class incomes.