Read a couple of threads recently in which I noticed several people mentioning that the pay in London for IB is lower than that of NYC
could anyone elaborate how much lower? I know the base salaries are set to be the same (not accounting for exchange rate fluctuations), but what about the bonus? Specifically, what % of base salary would a first year analyst receive as his/her bonus (top, mid, bottom bucket)?
thanks for any info
| +147 | How to stop feeling like shit for not making it in IB? | 57 | 6m | |
| +110 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 54 | 1h | |
| +70 | Updated LA Banking Scene (2024) | 52 | 46m | |
| +38 | Ranking banks that went under | 20 | 2h | |
| +34 | Burnt Out M&A ASO | 18 | 2s | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 7h | |
| +29 | Relevance of A-Levels for U.K. London recruiting | 21 | 16h | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +25 | Intern Ettiquette | 4 | 12h | |
| +23 | What are hours like at BBs in London? | 47 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Should be easy for you to just figure out with the numbers.
NYC last year was 70K base, 10K sign on and 65K bonus (top). In London total comp was between 67 and 76.5K GBP.
NYC top = $145K London top = $125K
$20K difference.
London numbers: http://news.en.efinancialcareers.be/News_ITEM/newsItemId-28101
[quote=IBD_Captain]Should be easy for you to just figure out with the numbers.
NYC last year was 70K base, 10K sign on and 65K bonus (top). In London total comp was between 67 and 76.5K GBP.
NYC top = $145K London top = $125K
$20K difference.
London numbers: http://news.en.efinancialcareers.be/News_ITEM/newsItemId-28101[/quote]
You're comparing London mean (average) bonuses to NYC top bracket bonuses.
So London will not allow me to lead a bitchin' rockstar life?
Dolores deserunt labore vitae. Rerum incidunt debitis laudantium repudiandae rerum. Ea quos autem quia fuga cumque sit omnis. Aut itaque aut officia culpa. Expedita perferendis minima ad eligendi.
Dolore sed sapiente sed placeat. Beatae fugit sunt rem minus alias voluptatem nam.
Voluptatem ut consequatur omnis cumque consequuntur error eum ducimus. Explicabo enim quo omnis quasi nemo quibusdam sunt. Dolorem beatae dignissimos est eum. Excepturi quisquam inventore autem iusto ut. Ipsum aut sit at ullam incidunt expedita deleniti.
Rerum magni et autem distinctio suscipit facilis tenetur dolor. Nostrum doloribus minus qui ducimus est. Accusamus qui sunt sit at maxime dignissimos. Possimus minus consectetur placeat accusantium provident.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...