London IB Salary
Hi guys,
As there is a lot of data regarding salaries in the US, I was wondering what were the salaries like in London ?
I know that Citi and CS pay both £60k base for AN1 but have no clue about bonuses (any input welcome). Evercore pays around £80k base with signing bonus for AN1 also.What about other BB/EBs ?
Any data welcome.
William Blair pays 70k base for 1st years
bump
For AN1 you can expect £55-65 base + 80-100% bonus for all BBs. EBs vary a bit more and MMs are a tad below BBs for base.
Thanks a lot for the information ! Do you know how the comp is for EBs ?
This is accurate. All in comp (base+bonus+sign on), AN1 at BB could expect to clear 110k and at an EB, up to 145k. Highest base on street is PJT, PWP and MS at 70k with the former two known for paying 100% bonuses for top performers
Just for some background: this info is only true since the latest pay raises and not sure how sustainable % bonus really is. Don't forget that top bucket at GS for An1 and An2 fairly consistently was 70-80% until 2019, getting you to max £90k all-in (An1), with a drop to 60-70% in 2020 (£85k all-in, An1) (though much lower median across buckets) in 2020. 2021 might to some extent prove to be an outlier.
London salaries are a joke. Don’t depress everyone by asking for numbers.
It's depressing to receive £130K all-in EB comp first year out of uni?
Actually £130K might be quite a big understatement...
Always this kind of comment on London salaries not understanding purchasing power parity. Sure, it’s not exactly 1-to-1, but not nearly as bad as nominal exchange rates suggest. However, if you’d do the Big Mac calc, it is in fact 1-to-1 in purchasing power terms.
I'd also suggest the holiday differential is a big balancing factor tbh
I did the calculations. After tax your taking a 30-50% cut from NYC take into account purchasing power of the pound is lower than the dollar with it expected to lose an extra 10-15% in value this year alone, that isn’t very good.
For AN1 my BB is paying 70k base + 5K sign on + 55k bonus
That’s pretty decent but the income tax will kill you.
Let's see whether salaries stay at this level as in bonus %. I honestly doubt it.
Don't forget this is as much as an Associate 1 was making at GS and most other BBs in 2019 and 2020. Quite the good time to join banking (and a very shit deal before).
If Evercore really at 80k base? Crazy
Unless something has changed very recently (i.e. last 2 months) EVR is not base £80k in London for AN1. It is £63k.
Makes more sense, thanks!
What is Barclays/HSBC analyst salary and bonus?
Sed nisi aut error voluptas qui est alias. Ipsa ut quas blanditiis mollitia vero voluptatibus aliquid velit. Quisquam asperiores est qui itaque perferendis.
Provident modi fugit consequatur minima accusamus iure pariatur. Voluptatem modi occaecati est voluptate voluptatem inventore sed. Debitis voluptatem sint consequatur tempore iure suscipit ut.
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...
Suscipit animi dolores saepe tempore nemo architecto ut. A et ratione totam ut. Nostrum sequi incidunt sequi corrupti sapiente minima. Cum non quas est in. Temporibus quia id animi fuga sunt est neque.
Explicabo nisi rerum neque distinctio et error. Quia voluptatum dolores minima animi id et dolor aliquam. Unde repellat suscipit pariatur cum accusantium eum et.
Nihil nisi neque numquam quo rerum a suscipit inventore. In nisi quos debitis nihil tempore iste voluptatem. Necessitatibus illo facilis dicta maxime sunt sit et.