Hi guys,
as most of you know, base salaries for analysts in the US have been increased to $85k. However, banks in the UK still pay GBP45k base. So I was just wondering, does any Euro or APAC banker know if salaries will be increased over here as well or is this only for the US? And if not, how do banks justify that they only increase base in the US? I mean, London is definitely as expensive as NYC and grads over here are increasingly looking to go into Consulting and Tech as well..
Thanks a lot.
bump
Curious as well... and can anyone provide info on non-FO roles?
One of our interns who got made an offer at a strong MM firm is on 45k base starting June 2015 in London but he got a 9k sign on bonus... Would be interesting to know what the others are doing
9k? Wow, thats good. A friend of mine who got an FT for a BB is only getting 5k (and 45k base).
It's weird that they would only do this in the US while London is probably even more expensive than NYC.
Yeah, really good! Double what I got too.
Cost of living certainly more in London than in NYC from my experience. Spent some time with friends who were living in amazing apartments just off time square, with great views and pretty big, paying 85% of what I pay for where I am a 20 minute walk from my office near Mayfair which is a fraction of the size. Other costs seems substantially cheaper too.
As if living near times square is a good thing
Sadly it beats most of the affordable residential areas in London by a long way...
Can confirm 45k base + 5k signing + stocks for the London office. Hence, no bump.
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