Bonus Range London at US MM IB's

Hey everyone, I was wondering what the bonus range is typically at US MM banks & boutiques in London (Jeff/HL/Baird/HW). I know that in e.g. Germany, these firms usually pay the highest bonuses of 50-100%. Is it a similar range in London that results in a total AN1 comp of >£100k?

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Based on the most helpful WSO content, bonuses at US MM banks and boutiques in London, such as Jefferies, Houlihan Lokey (HL), Baird, and Harris Williams (HW), can vary significantly depending on the firm and group performance. Here's what you need to know:

Bonus Range:
- For analysts, bonuses at these firms in London typically range from 30% to 100% of the base salary, depending on performance and the firm's profitability.
- Some firms still follow the older IB model with lower base salaries but higher bonuses, while others have adjusted to market standards with higher bases and slightly lower bonus percentages.
Total Compensation:
- First-year analysts at these firms in London generally have a base salary of around £50k-£60k.
- With bonuses in the range mentioned above, total compensation for AN1 can exceed £100k, especially for top performers or in strong-performing groups.
Comparison to Germany:
- While Germany sees similar bonus percentages (50-100%), the total comp in London might be slightly lower due to differences in base salaries and cost structures.

In summary, achieving a total AN1 comp of over £100k is possible at US MM banks and boutiques in London, particularly for high-performing analysts in strong groups.

Sources: Q&A: Big 4 Consulting to Lower MM IB to MM IB (No MBA)., No bullshit - London bonuses, 2018 /2019 Bonus Discussion, Q&A: MD in M&A and Capital Markets with Bulge Bracket and Boutique experience, https://www.wallstreetoasis.com/forum/investment-banking/qa-md-in-ma-and-capital-markets-with-bulge-bracket-and-boutique-experience?customgpt=1

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Bonus Range London at US MM IB's

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Bonus Range London at US MM IB's

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