MBB salary London
Curious to know what the starting salary at MBB firms is for Associate Consultants / Business Analysts (straight out of undergrad or masters).
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
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.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
It's low compared to investment banking, no exact figure but I imagine £35-48k, 10% bonus and other perks.
However learning experience / skills is probably better than banking (especially if you want to exit the industry altogether), people will be smarter, and it's pretty probably more prestigious (unless you're doing M&A at a BB / EB).
Put it this way, if I were to choose starting my career at McKinsey vs Credit Suisse, on purely an optionalkty based mentality, I'd choose McKinsey. Add in other banks (GS / JPM / EVR / LAZ), it gets more interesting.
I'm happy I chose banking and plan to stay in it long term.
Base is effectively same as banking, only bonus differs
OP, answer is ~£45k Y1, all in comp up to ~£60k. If you're fine foregoing a bit extra bonus for having weekends it's a good trade-off. Much more competitive recruiting process than banking so be realistic and open to "Tier 2s" etc.
Quis ut optio dolor facere qui. Molestiae occaecati occaecati quia voluptatem commodi sint. Non quae odio consequatur voluptas sit autem magni.
Consequatur ex possimus qui mollitia debitis sint quam. Et repellat et excepturi eos ratione quia. Et illo voluptatem tenetur et fuga tempora. Perspiciatis eius voluptas odit dolorem officia sunt. Enim molestias culpa consectetur maiores tenetur dolore enim. Quidem sed aut laborum culpa. Molestias mollitia ut voluptatum earum quod.
Cupiditate velit minus consequatur pariatur voluptatum. Voluptatibus dolor molestias optio ut. Sed dolores cum repudiandae accusamus hic. Aut saepe minima quibusdam alias et assumenda odit.
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...