London/Europe Buyside 2022 Comp

Question

There's robust forums on US comp. Europe total comp is less transparent so let's use this forum as a way to gauge personal vs market comp.

I'll start.

Yrs of experience: 3, years on buyside 2.

SM mrkt neutral <$1B, fund is up +3% net.

Base: £72k, bonus £40K

Monkey_47 · Accepted Answer

Sensing two elements to the question: "how do you know the number" and "why are you getting paid in a mediocre year". Will try and explain both.

1) It's a formula where I know what most of the inputs are now that 2022 is over. Not all of the inputs are purely last 12 months peformance - I don't work at a pure 'eat-what-you-kill' type shop. If I was I would've been paid a lot more in 2021 given the numbers we put up then.

2) Last 12 months were mediocre vs previous few years, but still slightly up.

Shadows · Answer

MM comp will be closer as formulas are almost the same in Europe and US, base might be a bit lower in Europe but it won't impact much TC

Why wages lower in Europe ? I am not sure,

But I  think it is the case not only for finance but for all sectors.

When I read that IT dev get 200k$ in the US, it just seems crazy for Europe.

I have friends working for Deloitte/BCG/KPMG, I don't know their exact total comp but from our discussions it is around 150k, which would seem low for US guys

Dream27 · Answer

Before 2008 UK comp was a lot closer to US, since then GBP has weakened from 2 to 1.2.

TopBoy.- · Answer

YOE: 1, Years on buy-side 1

Grad program @ multimanager

Base: £100k ish 20k signing. No colour on bonus yet

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London/Europe Buyside 2022 Comp

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London/Europe Buyside 2022 Comp

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