Anyone got any idea what the typical comp range is for associates at EBs in London? (Evercore / PJT etc??) I know some pay 20-30k more than BBs all in at An1 level, how much does this pay differential carry on as an associate?
Found this Arkesden report but only shows BBs and not boutiques
| +259 | Why UBS Is the Worst Place to Start Your IB Career | 40 | 17h |
| +214 | UBS 2nd Year Analyst Q&A (2026) | 39 | 4h |
| +87 | What's your craziest "hardo" story? | 16 | 1h |
| +62 | Indiana University Fraternity Pipelines | 36 | 2d |
| +51 | Rogo AI | 21 | 1d |
| +50 | Elite Boutique interview questions | 17 | 20h |
| +48 | Suspended for a Year | 19 | 2d |
| +42 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 16 | 3h |
| +24 | Rate my non-target resume | 12 | 1h |
| +23 | 1st Half 2026 (1H26) RX IB & RX Co. Rankings | 16 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Interested
Boutiques vary too much and are less standardised than BBs and it also massively depends what ‘bucket’ you fall into but just to give a few London examples below:
a) my friend made £25k sign on, £90k base and £90k bonus as a first year associate at an EB
b) my other friend got £80k base and £70k bonus in his first year as an associate at an EB (not sure what his sign on was)
c) another friend at a small boutique (non EB) got a £25k sign on, £100k base and £100k bonus as a first year associate
it also depends whether or not your bank does stub bonuses and has an ‘Associate 0’ where you’ll get a 3-6 month bonus etc.
Thanks for this. Just to be aligned: is Associate 1 what you'll be after 2 years?
Non excepturi eum quidem saepe et cum ut officia. Rem dolore omnis non. Fuga enim atque nulla quam.
Eligendi at et non et magnam aut porro et. Quod labore unde magnam ut. Non architecto ea officiis quas incidunt maiores. Repellat autem ex deleniti laborum ducimus blanditiis. Dolorem ratione mollitia rerum nostrum consectetur. Ut animi possimus et blanditiis qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...