Senior analyst 2.5 years in at a small (sub 20 hc) LMM (£10 - £200m) shop in London. Having conversations about promotion and looking to gauge street comp for a 1st year associate at this end of the market? Obviously I understand there are many factors to consider here, but I'm hoping to get better visibility on peer comp as opposed to those of MMs, BBs. EBs, etc, which are widely reported.
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Based on the most helpful WSO content, compensation can vary widely depending on the size of the firm, the market, and the specific role. For a first-year associate at a lower middle market (LMM) firm in London, it might be a bit challenging to pinpoint an exact figure. However, considering the information from similar roles and markets, it seems that your current compensation of around £90k all in is within the expected range.
For instance, in the London REPE MF Associate role, the base pay is around £100k with a 125/175% bonus. Although this is a different role, it can give you a rough idea of the compensation structure in the London market.
Remember, these are just estimates and actual compensation can vary. It's always a good idea to negotiate based on your skills, experience, and the value you bring to the firm.
Sources: https://www.wallstreetoasis.com/forum/real-estate/small-shop-compensation?customgpt=1, Q&A: London REPE MF Associate, https://www.wallstreetoasis.com/forum/hedge-fund/london-long-only-compensation?customgpt=1
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LMM will comp slightly better than Big 4 M&A base with a better bonus %
That sounds low no? B4 deal advisory associate bases are sub £60k afaik..
On a pure comp basis does it make no sense to leave a top paying IB to go to LMM?
I’ve heard it’s about 175k base in usa
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