Market compensation ER associate in Europe

Hello everyone,

I am currently interviewing for an ER associate role at a boutique bank in Europe. I will soon have my HR round where I will have to discuss my salary prospect. So before I get into this difficult conversation, I wish to have a better understanding of the current market compensation in Europe. I have almost three years of experience in this field, but at a much smaller firm.

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From what I have heard

GS/JP/MS

1st year 70k base

2nd year 75k base

3rd year 80k base

Other BBs

1st year might be 60k, probably increases by £5k increments each year. 

Beyond 3rd year compensation is much more what you're role actually is as opposed to where you work, i.e. are you covering companies or still assisting your senior analyst's coverage etc. Ofc small crappy boutiques like Singer/Zeus/Liberum will always pay much less than street.

 

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