FTSE 100 Corp Strategy Compensation Expectations? London
hey, I'm an IBD Senior Associate in London at a pretty decent MM IB.
Current salary: GBP 140k
Bonuses: this year I got GBP 150k despite market conditions.. M&A was smashing fees for us we actually almost broke our record year in 2022 and had a couple of Associates resign to join BBs so perhaps they paid us well to retain us so I'm pretty happy.
Total comp: around GBP 290k
I've decided to make a switch and interviewing for a Senior Associate Strategy role at one of the largest FTSE 100 companies and they've asked me what salary I would like. Now I know that corporate development and strategy pay lower than IBD but it would be great if someone could provide some insight into what I could expect and what would be reasonable to ask for in London? thanks
Also if anyone works in corp strategy or similar at a FTSE 100 in London, we can DM and I can tell you the name of the company and more details for your advice. thanks
salaries benchmarked to big 4 consulting
im not joking
I think this is true. With your experience, you'd probably be on £70k base.
wtf?? i feel sick thinking about going from £290 to big4 £70k??
Get used to it. Only thing in Britain that'll pay more cash comp than IB is quant trading.
You're also getting a huge haircut off your colleagues over the pond. Manager at Big 4 in UK at £70k (~$85K). In the US, it's around $130k.
it depends on the precise role (corporate strategy vs corporate development) and the complexity of the sector (eg is it pharma, o&g, energy or mining) - if its m&a focused corp dev at eg one of the above sectors they may be willing to pay the equiv of tier2/3 ib base salary of like 90/100k
Lol. There are literally CFOs in the UK of medium-sized companies who get paid £200k.
I am quite surprised it is this low. I thought at least it would be comparable to MBA grads in UK with ~GBP100k all in.
How does these jobs compare with typical non-MBB/IB jobs LBS MBA grads get in terms of pay and career trajectory? Would it be better to do an MBA and join a FTSE100 as LDP grads rather than being a corp strat / corp dev specialist and pigeonholing your career with 70k GBP
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