London MM/LMM IB Comp Thread

Based on the most helpful WSO content, here's a breakdown of some compensation figures and insights for Investment Banking (IB) Analysts in London, which might give you a rough idea of what to expect for MM/LMM IB compensation at the Analyst level. However, specific numbers for LMM (Lower Middle Market) or MM (Middle Market) firms aren't directly provided, but we can infer some insights based on available data:

1. No Bullshit - London Bonuses:

   • AN1 Base at a European BB: £50K, Bonus: £15K
   • AN1 at an EB: Base: £52K, Bonus: £25K
   • Large EU bank Analyst 1: £50K salary, £0 bonus
   • Analyst 2: £55K salary (bonus not specified)

2. Compensation Differential NYC/London:

   • Analyst 1 compensation in London at a BB: £50K base, c.80% bonus (around £90K total)

3. Base Compensation Increase | IBD | London:

   • Discussions around compensation increases but no specific figures for MM/LMM firms. However, there's a general sentiment that compensation in London might be below market compared to NYC.

4. General Insights:

   • London IB salaries are generally lower than their counterparts in more financially dominant cities like NYC.
   • The cost of living (CoL) adjustment between cities like London and NYC can significantly impact the perceived value of compensation packages.
   • Work hours in London might be slightly less compared to NYC, with a culture that encourages taking more vacation time.

Overall Satisfaction: While specific satisfaction ratings aren't provided in the context, it's important to consider factors beyond compensation, such as work-life balance, firm culture, and career progression opportunities when evaluating overall satisfaction.

Remember, these figures can vary widely depending on the firm, market conditions, and individual performance. It's always a good idea to look for the most current data and speak directly with professionals in the industry for the most accurate insights.

Sources: https://www.wallstreetoasis.com/forums/compensation-differential-nyclondon?customgpt=1, London MM IB opportunities, https://www.wallstreetoasis.com/forum/investment-banking/ebs-compensation-london-2021?customgpt=1, No bullshit - London bonuses, Investment Banking vs Management Consulting in Italy