London Analysts Bonuses 2022
Feel like the stats here are skewed a bit owing to American bonuses. State your A1/A2/A3/base/bonus in London. Include firm if you want, would def increase comparability.
I can start: A1 / 65k / 25k - 90k all in
Following
What firm? £25k bonus seems very low... Yet to hear what mine is but was hoping for something around 100% of salary
BB lol that’s why feels like a brain wound
LOL good luck with that this year. I would expect ranges of 30-70%. 60-70 being top, 40-60 being mid, 30-40 being bottom.
Fees are down, employment market is down (way way more difficult to hire out currently), and general bank performance is down with pretty significant headwinds macro wise as we move into a recession.
Why would they pay you 100%?
Yeah agree £25k is very very low.. last year I got £60k as A1 (120%...bottom bucket) and this was on a £50k base.
Is that a stub? Otherwise ouch.
What type of firm?
Not trying to dox u or anything. It just feels extremely low. I would put all my energy into lateraling
But were u bottom bucket?1
Is it a european BB? Or like top 3 BBs
Thanks but the running rhetoric is that it’s been a bad year for the group and that we should be happy with what’s been given out. European BB so historically lower but 40% seems like a pisstake for mid bucket tbh.
I feel you. I am just starting as well but one thing I learn in this game is. Nobody will look out for you so if you are very annoyed leave if you can., dont believe their BS. If you like them stay.
Pre-COVID (ie all the base bumps) 90k would be top bucket at the shops that would pay the most. Its not great but it’s clearly not going to be a great year for banks.
Keep your head down and keep your job - its going to get ugly in the next few months if you ask me (been hearing some teams starting to cut or tell people to consider changing teams given the lack of PnL).
Second that - people lost perspective for what the market looked like pre-raises way too quickly.
Just as a reminder: Mid-bucket at GS (AN1) was GBP20k in Summer 2020 when they thought Covid-19 would result in a recession. Base was still at GBP50k then too. No BB in their right mind will pay 100%, much less so for a mid-bucket ranking.
100% agree
Yea I highly doubt this it true. Arkesden puts the mean GS bonus at £40k for Summer 2020 Analyst 1
We are not PRE-COVID though and banks recorded a record year in 2021 and a good quarter in Q1-22 too. Where is the share of the upside ?
Btw now the salary bumps are basically the same inflation-adjusted as pre-COVID, and we are still way below the US. So don’t see why you would compare to pre-COVID.
Fully understand where you’re coming from. I do honestly believe that the current generation of analysts (including myself) may have an ‘unrealistic’ expectation considering we’ve just been through a decade of basically free financing, and the last two years being some of the best conditions for the (debt) industry to bloom. That being said, in my opinion, the entire outlook on how we’re viewing bonuses has to always be comparative - which is the reason for my post.
Are you working for Rothschild
-
Thanks for the advice, Intern in IB - Gen
Greater banter Mario, how certain are you of the validity of my title?
"if you stay in levfin you'll be canned, you should recruit for RX"
Alri buddy, you got it lol
I suggested the move for dealflow-related reasons, sorry if that wasn’t clear
This must be Barclays. Heard that they gave out horrible bonus. My BB and the other Americans announce bonuses end of July and in August afaik.
What's your view on this?
60-70% for US BB An1 possible?
I’d be surprised if anyone gets paid more than 110k as an An1 this year but could be wrong and proven wrong at non EBs.
Non BB / Non EB
A1
Base - 60k
Bonus - 35k (mid bucket)
UBS
A1: base 60
Bonus: 28
Bucket: mid (32-35 for top)
salary next year: 75
Do you know how much Analyst 2 at UBS received?
100% so around 65k for A2 top bucket. I think mid was bit lower than that
Hey,
Thank you for shaming them. I find it low. Are you planing to leave? I am joining the firm and I am already thinking of leaving just waiting for an oportunity. Just to confirm, Have they increased salary for A2 or was it always 60K for A1 and then 75k A2. Do you think they ll raise since CS did ?
Also did they make the analyst programe 2 years or is it 2 and a half
years. sorry for the many questions and thank you for the answers
A1 at 65 soon
And yes, analyst programme is 2.5 years.
Great culture in most teams but HR is taking the absolute piss out of everything
Analyst 1 at a top MM:
Base ~100k/~15k signing/45k bonus - ~157k all in
Why are people not giving out names?
Citadel/P72/Millenium type shop
If FTP pays 85 PS, which MM pays 100 PS base?!
MM = multimanager. Not mid market in this case.
Wow, are you straight out of school or is this after IB analyst years? That makes a huge difference haha.
Straight out of school (UG). 157k after IB is horrendous
this is definitely P72 academy…
Citadel and DE Shaw pay around that mark too.
100% certain this is P72 academy
Bump
many news on CS / RBC numbers?
MS
A2
Base - £75k
Bonus - £60k (mid-bucket)
A2A Promo - £33k (50% now, 50% next August)
AS0 Base - £95k
that's a stupid low A2A bonus
Oh nice didn’t realise MS already released numbers
many idea what Analyst 1 was?
Actually not sure, will update if/when I get a sense.
The general mood seems to be people are very unhappy. Personally I was fine with what I got.
MS A1
Base: 65k (half year 60k, 70k effective from Jan 22')
Bonus: 25k (mid bucket)
Total: c. 91k
Bonus for other buckets: Bottom was 22/23k, upper-mid 31k, top 36k
Compared to A2 bonuses I find these figures sad.
Sounds like you need to drop the "s" from your name for a while.
An3 promoted to As1, mid-market player
75k base bumped to 80k (lol)
15k bonus (even bigger lol) despite record revenue in my team
Hear this from my juniors
A1 - Base 60k (weighted average), bonus 30-50k depending on rankings, average at 35k
This is at what firm sorry?
US BB
Following
Any news on DB?
Bump
Does anybody have figures for ECM/DCM bonuses at A1 or A2 level? Trying to gauge how bad it might be…
Any news on EBs guys ?
Analyst 1 RBC
Base Pay: 60k (Analyst 1) 65k (Analyst 2)
Bonus Buckets: 40k / 35k / 30k / 25k
A1, started in March. Would I normally qualify for a stub bonus in August?
No
How is it possible to start in March? Thought LDN only accepts people starting in Summer.
Yes, you would. Worked at US BB before as an early starter (Jan) and received pro rata lowest bonus
From what I heard, Citi announcing on August 10
GS announcing on Tuesday, August 9th
Up
Bumping for GS numbers
Bump
EB, AN2
Base: 70 - Bonus: 65-75
I heard that AN1 were lower at 80-90% mid bucket.
Not bad at all - which EB is it?
Which EB please? It’s anon
Bump
A1 85k / 21k (BB Corporate Banking)
General Question: Are all of these numbers net salary? I am asking since compared to the US they seem extremely low. I mean if you make 90k before tax in LDN you make around 55net. With 3k spending a month (I assume 2k rent per month and 1k living expense) you can only save about 20k. According to the US thread, some people there managed to save up to 60-90k as an AN1.
Hows that possible?
These are not net numbers.
Net A1 salary is around 3.4k per month and 30-40k net bonus.
Oh damn, thats less than I thought, with expenses that's even way less than in FFM
Who tf is spending £2k a month of rent as a first year analyst
I actually know of more than a few people.. shocking isnt it
I got 100 Tesco Clubcard points for my bonus this year. Would people say this is above or below street?
definitely above; me and another analyst are having to split a meal deal as our bonus.
Bump
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