Comments (20)

  • Analyst 1 in IB-M&A
Dec 11, 2021 - 9:52am

£40-£50k over the past couple of years, however not sure with the latest salary increases.

Dec 12, 2021 - 5:29am
Bk2121, what's your opinion? Comment below:

If you just joined and this is your first year, will depend obviously of your team and dynamic with your boss but it could range from 5k-20k probably. Nothing comparable to IB

  • Analyst 1 in ER
Mar 12, 2022 - 2:36pm

Numbers have changed a lot post-pandemic...

First years are generally fixed, but some banks it varies from Y1...  at my bank, it varies and yes working for a "hot" sector + II ranked analyst does help with bonus

think avg bonus for first years was ~30-40k this year

  • Intern in ER
Dec 18, 2021 - 7:45am

Some banks have offered flat bonuses to 1st years regardless of performance or sector. 15-25k from what I've heard.

Worth noting that two of the banks you've mentioned have raised base for ER, so idk how this will affect bonuses.

  • Analyst 1 in S&T - Comm
Dec 23, 2021 - 8:27am

JPM ER at 75k now

  • 1
  • Analyst 1 in ER
Feb 22, 2022 - 10:57am

GS is now 70 + 50% for 2022... was 50+ 30k bonus last year and 30% fixed bonus a couple years ago

Most Helpful
Dec 27, 2021 - 9:17am
Not a Doctor, what's your opinion? Comment below:

Browse through this forum and you should find a lot of explanation. But here's the short version

  1. London comp was set kind of equal to NYC when GBP was much stronger against USD. Now GBP has weakened during the last few years
  1. Even then the comp is not that much lower compared to other industries. Like the delta between banking salaries between London and NYC is much lower than the delta for consulting or the likes. In the end, it kind of trickles down to the PPP difference between both cities to an extent
  1. As an extension of the above point - Lack of other high paying opportunities, especially in tech. The firms know they pay the highest and that too by a margin and doesn't feel the need to adjust it for thr FX difference that has happened

That said, there are still a lot of US based MFs who pay your salary in USD and that equals NYC pay.


  • 2
  • Analyst 1 in ER
Mar 13, 2022 - 10:58am

even bigger gap in big 4....

grads in audit in UK secondary cities (Manchester, Birmingham, Leeds) on £24k base... London grads on £30k... vs NY $90k / Houston $70k

Mar 9, 2022 - 7:06pm
VixBear, what's your opinion? Comment below:

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