How is the IB culture in London in 2024?

Over the past ~6 years professional services (banking / consulting / law) have in general seen a large shift in culture and working hours. I find a lot of older threads on hours, culture, etc. in London but would be interested in an updated perspective. 

Two things that would be of interest (and are probably heavily correlated): 

- culture: are there larger differentiations/archetypes between banks or is it more sector specific (i.e., MS culture on toxic side but certain groups better than e.g., selected groups at GS

- hours: what are the hours like during the week and how about weekend work? (i.e., have hours become lighter or are they still as tough as in previous years, how often do people need to work on Sundays, etc.)

One more qualitative thing:

How's life in London as a junior banker these days? I have the notion that it was much more interesting and rewarding pre 2008ish (if you compare comp from e.g. the leaked Lehman list vs. COL there is an insane gap to today). I love London as a city and always fancied living there but I am not sure whether I have a rosy view of the city. Not sure how one perceives London when working till 02.00 AM during the week and every Sunday. 

Thanks!

2 Comments
 

Bump, interested – can't speak for BB/EB but at the LMM shop where I did my SA stint you'd see people work c.70 hour weeks with little/no weekend work, maybe coming in around 9 and leaving anywhere from 9pm-12am, with some people leaving earlier to WFH

 
Most Helpful

Neque dolorem fugiat dolor eos aspernatur nemo vel. Dolorem nesciunt corporis eos et natus itaque. Sunt rem minima et iure.

Iure voluptatem itaque vero praesentium qui aut soluta quo. Ut iste qui quidem illo cumque qui. Labore qui qui impedit. Rerum est doloremque exercitationem rerum.

Molestiae sed fugiat odit sed neque. Nam cumque dignissimos minima omnis.

Saepe quae dignissimos aspernatur minus. Laboriosam sint minima consequatur perferendis libero. Unde neque voluptatem est aut fugit iste aut et. Cum in magni et qui quod. Sint itaque velit nobis assumenda et deleniti assumenda eaque.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Goldman Sachs 01 97.8%
  • Guggenheim Partners No 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (23) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (81) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”