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February 2023 Investment Banking
- Lazard Freres (+ +) 99.5%
- Jefferies & Company (▽01) 99.1%
- Lincoln International (▽01) 98.6%
- Financial Technology Partners (▽01) 98.1%
- William Blair (▲08) 97.7%
Overall Employee Satisfaction
February 2023 Investment Banking
- Canaccord Genuity (▲04) 99.5%
- William Blair (▲04) 99.0%
- Lincoln International (▲09) 98.6%
- Jefferies & Company (▲06) 98.1%
- Financial Technology Partners (▲09) 97.6%
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February 2023 Investment Banking
- Lazard Freres (▲15) 99.5%
- Financial Technology Partners (▲09) 99.1%
- Lincoln International (= =) 98.6%
- Jefferies & Company (▽03) 98.1%
- William Blair (▲01) 97.7%
Total Avg Compensation
February 2023 Investment Banking
- Director/MD (6) $592
- Vice President (24) $418
- Associates (137) $262
- 3rd+ Year Analyst (9) $194
- 2nd Year Analyst (80) $172
- 1st Year Analyst (258) $171
- Intern/Summer Associate (42) $166
- Intern/Summer Analyst (185) $91
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| 1 |  | 99.2 |
| 2 | | 99.0 |
| 3 |  | 99.0 |
| 4 | | 99.0 |
| 5 |  | 99.0 |
| 6 | | 98.9 |
| 7 | | 98.9 |
| 8 |  | 98.9 |
| 9 | | 98.9 |
| 10 | | 98.9 |
Comments (26)
Bulge Bracket banks salaries in Continental Europe are aligned to London. Base: Analyst 1 €65K, Analyst 2 €75K, Analyst 3 €85K. Associate should follow the same trend but I have no direct information in €.
So that means someone in Madrid would be absolutely killing it considering huge cost of living difference vs London? That seems almost too good to be true.
that is true I believe.
Not much different from someone in NYC getting paid the same as someone in Chicago
Actually it's different for US banks. BAML JPM etc Analyst 1 base is 75
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Learn moreLondon analysts seriously getting the short end of the stick here. NY pay is higher for similar COL, while EU pay is similar when COL is lower...
Indeed, but I heard similar numbers for Milan and Frankfurt at some of the BB so I think it is spot on. My personal feeling is that the gap BB vs non BB is way larger than in London (e.g. I don't think that Santander pay anywhere close to 85k for an analyst in Madrid). That's why I asked the question in the first place and it would be great if someone had some intel on non-BB banks or boutiques at analyst/associate level to have a more complete picture
I know analyst in Madrid in IBD is 35k at Barclays. Don't know about associate
wow this is low :|
Hope he's got much better hours than in London otherwise it's not really worth it.
False. Analyst 1 €65k base comp
A1 65K€ in Barclays in Madrid. Is bonus included on this figure?
That sounds off. A friend of mine at Barclays in Milan was making 85K euro base salary 3 years ago. Not sure why they would pay that low in Madrid.
Oh really! Lazard is the one which pays the highest that is 80k
What about interns in non-BB?
Even at BBs some pay less than 1.500eur per month
MMs tend to pay from 600-1200eur for interns
That's same everywhere in continental Europe not sure about frankfurt. Interns get paid less than london
1.5K in BBVA
I worked in IBD Madrid for 3 years in 2 banks and know the figures from a close friend on a 3rd one so I will post the salaries at 2018-2020 levels:
- Santander: pays analysts I, II and III 40k, 42k and 44k base respectively +50% bonus (very rigid as it's difficult to get less than 40% on the shittiest year but unlikely to go over 55-60%)
- Goldman: pays analysts 65k + bonus (30-90%)
- BBVA: pays analysts 35k + bonus similar to Santander
Hope it helps as there is not much true data out there for Madrid IBD.
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