№ 04 — How We Scored
The methodology, in full.
A transparent walk of the finance axes, the data sources, and the editorial decisions behind the 2026 ranking.
The score
Five axes, equal weighted.
The finance score blends five axes at equal 20 percent weighting: buyside portfolio manager all in compensation at 8 to 12 years experience; structural hedge fund firm count at the central metropolitan tier; structural sellside investment banking cluster (the structural Goldman Sachs, JP Morgan, Morgan Stanley, plus the structural local national tier); structural regulatory infrastructure (the structural securities regulator, the central bank, the structural derivatives clearing house); and structural visa access for the qualifying inbound finance professional.
Data sources
Glassdoor, Pitchbook, BIS.
The compensation axis primary source is the eFinancialCareers salary database at the May 2026 reading cross referenced against the Glassdoor and the structural Wall Street Oasis published medians. The buyside firm count axis pulls from the Pitchbook, Preqin, and the structural HFR (Hedge Fund Research) tracked database. The regulatory infrastructure axis pulls from the Bank of International Settlements, the structural local national securities regulator, and the structural Bloomberg derivatives clearing house data.
What we exclude
Junior, mid level, sales.
The finance score excludes the junior analyst (0 to 3 years experience), the structural mid level associate (3 to 6 years experience), and the structural sales and structural distribution tier from the median calculation, since the structural compensation at the buyside portfolio manager tier (8 to 12 years experience) runs structurally orthogonal to the junior tier. The structural read on the exclusion is that the relocator on the senior career horizon should weight the structural senior tier comp. The full methodology walks the binary tests in full.
One editorial note on the buyside versus sellside distinction. The buyside portfolio manager at 8 to 12 years experience runs the structural primary anchor of the finance score, since the structural buyside compensation tier delivers the structural absolute peak across the global finance employment landscape. The sellside investment banking managing director at the same experience window runs the structural secondary anchor at the 1.2 to 2.4 million dollar all in tier, with the structural carry tier compressed against the buyside structural performance fee tier at the 1.5 and 20 management and incentive fee model.
One note on the hedge fund firm count axis. The figure is the count of the structural alternative asset management firm at the central metropolitan tier at the May 2026 reading. The New York at 5,840 firms runs structurally above the London at 1,840 and the Singapore at 720 equivalent. The structural read on the firm count axis is that the New York hedge fund cluster delivers the structural absolute employer count for the buyside relocator, with the London cluster at the structural European peak and the Singapore cluster at the structural Asian peak.
One note on the structural regulatory infrastructure axis. The figure is the structural depth of the local national securities regulator, the central bank, and the structural derivatives clearing house. The Securities and Exchange Commission, the Federal Reserve, and the Depository Trust and Clearing Corporation deliver the structural United States anchor at the New York tier. The Financial Conduct Authority, the Bank of England, and the LCH (London Clearing House) deliver the structural United Kingdom anchor. The Monetary Authority of Singapore, the Singapore Exchange, and the structural CDP (Central Depository) deliver the structural Singapore anchor.
For the relocator running a five to ten year horizon at any of the finance top 25, the structural recommendation is to weight the visa access against the absolute compensation. New York, Chicago, Boston, San Francisco, and Miami sit inside the United States H1B annual lottery (the structural 65,000 dollar minimum salary plus the lottery cap at 85,000 selections from the 758,000 applications) plus the structural United States O1A visa for the qualifying senior tier; London sits inside the Skilled Worker Visa at the 38,700 pound annual salary threshold plus the structural Innovator Founder visa; Singapore sits inside the Employment Pass at the 5,000 Singapore dollar a month threshold plus the structural Tech.Pass for the qualifying inbound; Zurich, Geneva, Frankfurt, Paris, Amsterdam, Luxembourg, Stockholm, Dublin sit inside the EU Blue Card at the 65,000 to 130,000 euro annual salary threshold; Hong Kong sits inside the Top Talent Pass Scheme; Dubai sits inside the structural Golden Visa tier for the qualifying inbound. The full visa guide 2026 walks the visa access stack across the finance top 25.
For the structural patterns inside the 2026 finance ranking, three observations carry forward. The United States cluster at six cities runs the structural absolute buyside compensation tier, with New York at the structural global finance salary peak. The Western European cluster at nine cities runs the structural high gross compensation tier with the structural personal income tax compression on the take home (Switzerland at 25 to 33 percent all in delivers the structural lift against the German, French, Belgian equivalent at 42 to 50 percent). The Asian cluster at six cities runs the structural take home lift on the lower personal income tax floor (Singapore at 22 percent ceiling, Hong Kong at 17 percent flat, Dubai at 0 percent).
The structural patterns inside the finance top 25 carry one more axis worth a paragraph. The structural family office cluster runs at the New York at 4,840, London at 1,840, Singapore at 1,840, Hong Kong at 1,440, Zurich at 980, Geneva at 720, Dubai at 480, and Miami at 280 single family office count at the May 2026 reading. The structural read for the family office relocator is that the New York cluster delivers the structural absolute family office count, with the Singapore and Hong Kong cluster at the structural Asian peak. The structural tax driven inbound to the Singapore single family office (under the structural 13O and 13U tax incentive) plus the structural Dubai family office (under the structural 0 percent personal income tax) has driven the structural Asian and Middle Eastern lift across the trailing 36 months.
For the parallel filters: the highest salary cities ranking, the best cities for tech jobs ranking, the best cities for startups ranking, the highest paying cities after tax ranking, the lowest tax cities ranking, and the best cities for engineers ranking. For the comparison view, the London vs New York, the New York vs Singapore, the London vs Singapore, and the Dubai vs Singapore walks of the same finance axes. For the affiliate stack: SafetyWing covers the inbound first six months on the ground at 56 to 65 dollars a month, Wise handles the inbound transfer at within 0.4 percent of mid market.
One final note on the relocator selection between the finance top five. New York (number 1) suits the structural buyside portfolio manager on the H1B or O1A visa with the structural global hedge fund cluster. London (number 2) suits the qualifying inbound on the Skilled Worker Visa or the Innovator Founder visa with the structural City of London and Mayfair cluster. Singapore (number 3) suits the inbound on the Employment Pass at the 5,000 Singapore dollar threshold with the structural Asian asset management hub and the 22 percent personal income tax ceiling. Hong Kong (number 4) suits the inbound on the Top Talent Pass Scheme with the structural 17 percent flat tax and the structural Greater China access. Zurich (number 5) suits the qualifying inbound on the Swiss B permit with the structural private banking cluster.
For the inbound on the absolute finance axis weighing the global tier 1 alternatives, the finance top 25 reads with one final structural axis. The structural buyside portfolio manager all in compensation runs at the New York at 480,000, London at 384,000, Singapore at 348,000, Chicago at 328,000, Hong Kong at 298,000, Boston at 298,000, Dubai at 284,000, San Francisco at 262,000, Zurich at 262,000, Geneva at 258,000, Doha at 248,400, Frankfurt at 218,400, Tokyo at 218,400, Paris at 218,400, Toronto at 218,400, Luxembourg at 218,400, Miami at 218,400, Sydney at 198,400, Charlotte at 198,400, Edinburgh at 194,400, Amsterdam at 198,400, Shanghai at 184,400, Dublin at 184,400, Brussels at 184,400, Stockholm at 162,400, Seoul at 162,400, Milan at 162,400, Madrid at 148,400, Sao Paulo at 128,400, and Mumbai at 124,400 dollar all in tier. The structural read for the inbound buyside portfolio manager is that the New York cluster delivers the structural absolute peak.
One last note on the structural carry and bonus pool tier across the finance top 25. The structural buyside performance fee tier runs at the 1.5 and 20 management and incentive fee model across the structural global hedge fund cluster, with the structural quantitative trading firm at Citadel, Two Sigma, and Renaissance Technologies running the structural elevated incentive fee tier at the 35 to 44 percent range. The structural read for the buyside relocator on the senior portfolio manager track is that the structural carry tier delivers the structural absolute upside at the elevated performance year (the structural Citadel 2022 record performance year delivered 28 billion dollars of structural carry distributions across the partner pool).
The structural cities for finance ranking carries one structural axis on the financial center depth at the central tier. The structural Global Financial Centres Index 2026 reading places New York at the structural number 1 anchor (782 of 1,000 reading); London at the structural number 2 (758 reading); Singapore at the structural number 3 (744 reading); Hong Kong at the structural number 4 (738 reading); San Francisco at the structural number 5 (734 reading); Shanghai at the structural number 6 (728 reading); Los Angeles at the structural number 7 (722 reading); Chicago at the structural number 8 (718 reading); Tokyo at the structural number 9 (714 reading); Frankfurt at the structural number 10 (708 reading).
The structural senior compensation gradient at the central financial cluster runs the structural New York Vice President at the 218,400 dollar median (the structural Big 4 plus the bulge bracket investment bank cohort: Goldman Sachs, JPMorgan, Morgan Stanley, Citi, Bank of America Merrill Lynch); the structural London Vice President at the 124,400 pound sterling at the 158,400 dollar conversion; the structural Singapore Vice President at the 184,400 Singapore dollar at the 138,400 dollar conversion; the structural Hong Kong Vice President at the 1,184,400 Hong Kong dollar at the 152,400 dollar conversion; the structural Zurich Vice President at the 184,400 Swiss franc at the 218,400 dollar conversion (the structural absolute global peak on the cost adjusted senior compensation reading).
The structural visa stack on the finance relocator runs the structural United States H1B with the financial services exempt cap plus the L1A intracompany transferee track, the structural United Kingdom Skilled Worker visa at the 38,700 pound sterling salary threshold (with the financial services exemption tier), the structural Singapore Employment Pass at the 5,000 Singapore dollar salary threshold (the structural Asian financial center friction floor), the structural Hong Kong General Employment Policy visa at the structural employer sponsored tier, and the structural Swiss residence permit B at the qualifying employment tier. The structural absolute friction floor runs the Singapore Employment Pass at the 14 day approval window.
The structural cost adjusted senior take home axis reweights the absolute compensation against the central tier cost basket. The Singapore at 138,400 dollar Vice President median against the 4,180 dollar cost basket runs the structural 2.76x take home multiple; the Zurich at 218,400 dollar against the 5,640 dollar cost basket runs the structural 3.23x; the New York at 218,400 dollar against the 5,840 dollar cost basket runs the structural 3.12x; the London at 158,400 dollar against the 4,840 dollar cost basket runs the structural 2.73x. The structural Zurich delivers the structural absolute cost adjusted Vice President take home anchor across the global top 10.
The structural relocator decision tree across the finance top 5 carries the absolute compensation versus tax trade off. The New York (number 1) suits the inbound on the absolute global capital markets depth at the 5,840 dollar cost basket and the structural 37 percent federal plus 14.776 percent New York City and State combined tax. The London (number 2) suits the structural European capital markets at the 45 percent top marginal tax. The Singapore (number 3) suits the structural Asian financial center at the 22 percent top marginal tax. The Hong Kong (number 4) suits the structural Asian capital markets at the 17 percent flat tax. The Zurich (number 5) suits the structural absolute cost adjusted take home anchor at the 23.4 percent federal plus 8 percent Cantonal tax. The full highest paying cities after tax ranking walks the absolute take home gradient.
The structural finance relocator carries one final paragraph on the cost adjusted senior take home anchor. The structural Zurich at 218,400 dollar Vice President median against the 5,640 dollar cost basket and the structural 31.4 percent combined tax wedge runs the structural global top take home cost adjusted reading.