Tour De France Winner Vs Hedge Fund Analyst – Compensation

Tour De France Winner Vs Hedge Fund Analyst – Compensation

A new report makes a comparison between the earnings of Tour de France winners and professionals in the United Kingdom.

Salary benchmarking site drew up the report as the annual cycling race got underway. The Tour de France is a feat of sporting prowess which as as mentally draining as it is physically, but the rewards are relatively small compared to other sports.

Two Sigma’s Venn outlines factor performance for March

EuropeEquities did well last month as most market watchers have noted that Value outperformed growth. In his March Factor Performance report, Alex Botte of Venn by Two Sigma noted that March was a strong month for the global Equity factor, especially in developed markets. Q1 2021 hedge fund letters, conferences and more He said Europe Read More

Report compares top cyclists to traders

The data was collected from 27,000 professionals in the United Kingdom, official Tour de France figures and information provided by Cyclingnews.

The overall winner of the Tour de France wears the yellow jersey, and takes home €450,000, compared to the sprint champion in the green jersey who earns €25,000. A hedge fund trader can expect to earn around the same amount as the yellow jersey, but his income will be that high for 10 or 20 years compared to the average 1-2 Tour de France wins for top cyclists.

The pay gap between the yellow and green jersey winners is equal to that between traders and nursery school teachers, which shows how much more important the yellow jersey is perceived to be in terms of marketing.

A white jersey is awarded to the best young rider in the Tour, and its winner takes home €20,000, equivalent to the living wage in the UK.

Tour De France – Pay gap between team and stars is huge

Cyclists who compete in the Tour de France are widely regarded as being at the highest level of their sport, but 1/3 of them will earn around €33,000 per year. Star riders such as Vincenzo Nibali, winner of the 2014 Tour, earn up to €4,000,000.

The ratio of 1/121 is equal to the pay gap between a retailer and a bank CEO. If Nibali can manage to win the Tour for a few consecutive years, he might be able to knock the traders off the top spot. However his poor performance in the 2015 Tour looks to have ended those dreams.

As Alice Leguay of points out, “cyclists earn far less than most professional sports players.” For comparison, she says boxer Floyd Mayweather earns €272 million per year, while footballer Cristiano Ronaldo brings in €47 million per year.

Leguay points out that “it’s interesting to see that they usually share most of their earnings with their teammates, which draws an interesting parallel with the way traders divide their bonus pool amongst their team.”

Previous article Google Inc Earnings: New CFO Ruth Porat’s Debut
Next article Facebook Inc (FB) Looking Good For Earnings
While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

No posts to display