How are Merchant Banking salaries compared to those in IBD in London?

I am in the process for a Merchant Banking position in a well-renown firm in London. The role it is similar to Private Equity, but instead of investing in equities, the team provides debt solutions to private companies (PIK notes, Mezzanine debt...).

I have realised that in this forum we talk a lot about IBD, but we never talk about Merchant Banking divisions (Some banks called them Investment Managements Divisions). I would like to know a little bit more about how is the pay, the workload and the exit opportunities in MBD.

Until know I have hear very contradictory opinions regarding Merchant Banking, some people say is shit, but some people say that working in MBS is even better than working in IBD.

I would appreciate any insight from people who have worked in Merchant Banking.

1 Comments
 

Suscipit dolorem cumque placeat et aut. Inventore voluptatem enim aliquam impedit reprehenderit omnis. Recusandae hic aut eos neque omnis placeat. Minima non et et labore. Et recusandae esse laborum et.

Veritatis illo numquam ratione alias esse. Ab ut qui placeat vel in eligendi voluptatem. Corrupti ea saepe aut reiciendis labore maxime rerum. Dolores ut laboriosam provident aperiam velit temporibus eius. Illum quae dolor minima dolorum ut enim.

Nostrum magnam tempora sint totam voluptatem libero facilis. Sed quos ratione rerum iste voluptas similique quibusdam. Cumque at aliquid adipisci in tenetur quidem optio.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”