London IBD Intern Pay
London Intern Pay 2022
JPM - £57.5k
GS - £47k
Centerview - £65k
Bain Capital Credit - £75k
Blackstone - £80k
Citi - £60k
DB - £59k
MS - £70k
Mizuho - £45k
CS - £45k
Jef - £70k
BofA - £65k
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2022 SAs at most banks are coming in on the new salaries (57-70k depending on where you are.)
No idea for off cycles.
which banks are paying what?
Do interns usually get paid monthly or weekly? And what about the holiday entitlement, is that paid after the 8-10 weeks?
Monthly like all other employees.
Holidays if unused, will be turned into salary on the last paycheck
Daily + 50% bonus
Depends on the bank. Some BBs paying old base and some paying new.
the BBs? do you know who pays what
MS and JP raised. Bofa and UBS did not. I don't think GS did either
Incoming SA LDN at balance sheet bank. Getting ~50k GBP pro-rata
youre anon my friend, you might as well say the bank...im guessing citi?
Citi is a BB. He probably means HSBC.
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Incoming SA DCM at a tier 2 Balance sheet bank at £45k pro-rata, no relocation.
.
A few data point from my friends for this summer:
JPM - £57.5k
GS - £47k
Centerview - £65k
Bain Capital Credit - £75k
Blackstone - £80k
Citi - £60k
DB - £59k
MS - £70k
legend!
JEFF - £70k
CS - £60k
Nomura 60k + 1K relocation
Many banks have only just officially raised bases (even if they were announced much earlier). Intern contracts will likely be updated to reflect the new bases when HR has time, it's not an urgent matter.
BOFA- £65k
£45K Mizuho - no news about any raise so far.
Ft Partners at 75k
CS - £60k + £1k relocation
Barcap - £65k + £2k sign
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That would imply £690k full year comp for a first year analyst lmao. No, these numbers are full year, so you’d get pro-rata for the internship.
Sometimes critical thinking should be used before asking questions.
Interned at a MM HF - was paid £85k
why are europoors paid poverty wages
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