Comments (25)

  • Analyst 1 in S&T - Comm
Dec 28, 2021 - 4:52pm

Any news of boutiques bumping base up? 

If BBs are raising ER to 65-75k + 20-60% for grads, that's quite a gap 

Base datapoints for grads:

Redburn - 52.5-85k an1

Berenberg - 50an1/60an2

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  • Research Analyst in IB - Cov
Jun 7, 2022 - 12:34am

London equity research comps bumped again across the board. First year fresh grads - ER Associates (non-MBA) start around 65k + 30-60% bonus. Base went up across the board at respectable botiques and MM. BB bumping up again to 70-75k base (some are still 65-70k). Biotech/healthcare and tech usually gets higher bonuses than other sector coverage groups, but for healthcare most recruiters are looking for doctorate candidates and seems like salary jumps alot 1-2 yr into the job if you have that pedigree. Job market is continuously hot.

  • Research Analyst in AM - Other
Jun 8, 2022 - 6:56am

Probably not as you will see most these firms don't really match BB's in terms of pay. BB ER only pay that because they've raised pay across the board for FO. IBD pays more than quite a few PE shops so no way are boutique ER shops looking to compete with that.

  • Analyst 2 in ER
Jun 8, 2022 - 6:41pm

if they don't raise, Berenberg all-in is nearly at a ~50% discount vs market rate of 70k + 40% for grads

only people staying are either silly or ignorant of the new market numbers...

  • Prospect in ER
Jun 10, 2022 - 11:14am

Oh wow, do you know what base pay is for a first year at Berenberg in ER? Looking to apply for full time this season and want to make sure it's worth it

  • Research Analyst in IB - Cov
Jun 17, 2022 - 2:50pm

50k is a number from 2018 when inflation wasn't 10%. 70k is 2018's 40-45k in my view. I am surprised that there are banks still paying that range.

  • Research Analyst in IB - Cov
Jun 19, 2022 - 5:10pm

Spoke to a recruiter... London JP Morgan ER Associate (11 months into their role) clearing 100K GBP base. Is that true? I heard BB's bumped up to 75k-80k base, but never seen 100k base. I don't think recruiter is BSing around. Seems like top shops giving another bump from 75-80k?

  • Analyst 2 in Research - Other
Jun 23, 2022 - 8:29am

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