EBs compensation London 2021
Hi Monkeys,
There is plenty of reports on Analysts and Associates compensation at BBs in London (for example the ones published by Arkesden Partners, Dartmouth), but there is lack of information on compensation of Analysts at London's EBs (Centerview, PJT, PWP, Evercore, LAZ, Moelis).
Do you have any data points for A1, A2 and A3 at these places? What is the base and what is the mean bonus? (heard about maximum bonuses of 100%, but wondering what is the average?)
I am trying to compare the net income in the first 3 years at EB vs BB, acknowledging that:
- EBs are likely to pay more than American BBs (which pay more than European BBs)
- EBs have 3 year Analyst programs compared to some of BBs, which introduced Associate 0 position
- Living close to Mayfair is more expensive than living in CW (if one wants to live close to the office)
Your input would be appreciated!
will try to update the OP with information provided by others.
bump
Bump
Curious as well. There's rumors that there are 100%+ bonuses at the analyst level, is this true?
Also does CVP pay above market in London as well?
There is literally an entire section of this website dedicated to salary insights.
Yes, but it covers mostly US offices.
Bump
Some London EBs pay up to £110k at the Analyst level like PJT. However, BBs usually provide better exit ops especially if you get into the better groups. Hours at EBs can also be worse due to lack of india back office for presentations/research. So it’s a trade off you have to make.
Heard about PJT, Centerview and EVR as paying the most.
Also, PJT has equal bonus for all of their Analysts (there is no buckets)
Yeah this is exactly right. It’s all about NPV of salary etc and what is known in the US as the Goldman discount - the boutiques are less attractive ito exits so need to pay top grads more to attract them. At the BBS you don’t muck around in ppt as much or do hours of research, it’s all outsourced, so there’s a double trade-off in my mind
The India presentations and research teams are fairly unreliable tbh, their work product generally ranges from mediocre to terrible, so a lot of the time you are still stuck checking or refining their work
Well, for the London office, we can rely on the US presentations formatting group when the London team is off - think they're 10x better than the guys in india.
Same for research.
Any chance you'd give comp data points?
Same at PJT - they have a US ppt group and also have an indian outsourcing group for minor ppt, research etc.
Lol whomst salty EB analysts giving me MS
bumpirinho
1. Your base is higher than American BBs which means the (upper end) of the bonus will be as well (for the first two years). Won't comment on the 2020 bonus cycle (analysts) as I think this was an outlier though I need to see what the report says for this year
2. Once you get to Analyst 3, if you're benchmarking against GS / MS / the banks that have 2 year analyst programs, your base will be substantially lower (mid £60s for Analyst 3s vs £80s for the Associate 0s) but all in (assuming you get top bucket + the associate signing bonus) you should be higher.
3. You don't have to live close to Mayfair. I wouldn't live in Canary Wharf as there's nothing to do over the weekends. Only issue with working in Mayfair is that with your dinner budget, there isn't really much to eat vs the City (think its better than Canary Wharf though)
Do you know what the compensation looks like for Associates at EBs? And how does it compare to Associate 1-3 at GS/MS?
Also interested
Check these threads
https://www.wallstreetoasis.com/forums/RothschildLondonCompensation
https://www.wallstreetoasis.com/forums/cvp-evr-pjt-pwp-bonus-thread-2021
Bonus is usually higher but don't have exact numbers sorry.
Anyone have any info for Houlihan Lokey in London?
rx as well
bump
Bump for Evercore data points
Bump
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