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Based on the most helpful WSO content, here's a breakdown of Big 4 M&A salaries in London and how they scale:

1. Graduate Level (Entry-Level):

   • Starting salary is around £63k (as of 2010 data). Bonuses in the first year are relatively small, typically less than £5k.

2. Senior Level:

   • After 2-3 years, you can progress to Senior, with an 8%-15% raise annually depending on performance. Senior bonuses are approximately £10k.

3. Manager Level:

   • Typically achieved after 5 years. Base salary ranges from £90k to £120k, with bonuses between £30k and £50k.

4. Director Level:

   • Directors can earn up to £300k annually. The age range for Directors varies widely, from 30s to 50s. Many Directors are ex-bankers or traders from bulge brackets, international banks, or boutiques.

5. Partner Level:

   • Partner compensation varies significantly. Junior Partners may earn amounts similar to Directors, while Lead Partners (top 5%-10%) can make 7 figures (£1M+). These top earners typically have 7-8 years of experience post-partner promotion. Note that firms like PwC have a 20-year mandatory retirement policy for Partners.

This progression highlights the potential for significant earnings growth as you climb the ranks in Big 4 M&A in London.

Sources: Big4 M&A - An Explanation, Big4 M&A - An Explanation, Big 4 M&A/CF Salary/Progression (with ACA), Management Consulting Salary & Compensation, Average Bonus in Consulting, Please Help Me Understand Corp. Finance / M&A at the Big 4