EB PCA Salaries/Bonuses in London
Hello all!
I’ve recently received an offer from an EB to join their PCA team as an intern. I understand the industry fairly well (for a newcomer) and get how it differs from M&A and that the salaries bonuses are somewhat different.
The salary I was offered is significantly less than what I expected (let’s say 1.5x less than average in M&A) and it kind of took me by surprise.
Don’t get me wrong, I’m absolutely ecstatic about the opportunity (especially since I’m coming from a non-target) and my first offer was rescinded 1 month before the start date. I really liked everyone who interviewed me and the work seems really interesting compared to what I know about traditional M&A.
I was wondering if the salary increases once (and if) I get a return offer post-internship? Or is this what I can expect going forward?
Location: London
Thanks and have a good day!
Moelis base is £65k
Source: recruiter told me
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Evercore 45k for internship. FT is 70k.
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Why did your first offer get rescinded?
“Due to the current economic climate” straight quote from their email.
I even emailed the CEO, who responded and put me through the global head of HR trying to find a solution, unfortunately to no avail.
It was an Australian bank.
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