London Investment Banking Compensation 2022
Lot of data on US Salaries, but looking to see what my peers are getting paid in london at different shops?
Currently A1 at HSBC 66k - trying to find out if im underpaid :(
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https://www.wallstreetoasis.com/forum/investment-banking/base-compensat…
Some numbers are up since then but broadly correct
Street is c.65k so your in line with market - have HSBC recently raised A1?
Not sure, was offered 66k as a A1 and in capital markets, so I'm sure the M&A guys get paid more?
I’m sure about these ones:
Macquarie 70
Nomura 65
Rothschild 70
It doesn’t include signing bonus
1st year:
BofA: 65k
JPM: 80k (offset by low bonus this year)
Citi: 65k (not 100% sure)
GS: 70k (not 100% sure)
MS: 70k (not 100% sure)
CS: 70k
BofA and Citi looking a bit disappointing
Citi is 70k
GS is 71k
JPM AN1: 70k. 80k is for second year
Did you come to HSBC laterally? I'm getting 60 whats going on...
deleted
Yes sir
Same. Maybe included the signing bonus?
Or they pay lateral A1s 66k to make up for the fact they didn't get the signing bonus?
EVR is 70 / 80 / 90
Arkensden report is out and has exact 2022 figures for BBs so just Google it.
not IB but MM HFs training programs are around 100k base
Would you mind providing a link? Can't find it on their website.
Curious as well
Anyone know Deutsche?
Lol people are so hung up over 5k differences when post-tax that’s like 3,000 in your pocket
Yep and a higher salary won't matter much if bonuses are miserable (as they were at many banks this year)
Do all banks give signing bonuses?
Some BBs in Paris pay €90k for A1 now..
Do you have to speak French though?
Worse yet, do you have to speak to the French?
Well, it's getting better. More and more banks start to hire non french speakers (BNP, Citi that I know of). That said it helps being in a french business school. https://www.efinancialcareers.com/news/2022/10/european-bankers-in-lond…
Lol 60k??? I knew salaries in LND were bad, but this is nuts
The compensation in London compared to NYC has become just ridiculous. At this point an A2 in NYC makes more money than most associates in London.
To put some perspective, London analyst salaries are closer to NY-based McDonalds employees than to their NYC counterparts.
Think it all balances out to be fair. Free healthcare, better travelling destinations in and around Europe. Rent to income and what you can get is also all relative tbh.
I'm sure the 80h work week is justified by having Croatia as a feasible holiday destination.
Also the healthcare sucks.
what free healthcare? Have you used the NHS recently? I was using 112 and they called me back after 24 hours.
My friend nearly died because the ambulance wait was 4 hours...
For the 10 millionth time stop coping, it is clearly a way worse deal than NYC
copium
In b4 someone uses the FX rate as an excuse.
It's not going back to $1.70 any time soon folks.
MS is 70k.
PWP A1 85K
new increase (2022) or was it already at 85k?
85k for An1? damn, top of street
UK PWP current A1 is 70, haven’t heard this figure around
Weird, an incoming A1 told me he'd get 85k... maybe he BS
Was going to say London pay was bad and make jokes but after looking at what you can rent for what I am currently paying in a shitty studio in Midtown Manhattan, I want to move to London desperately now. These apartments will set you back USD5000 to USD10K at least in my neighborhood and they'll not come furnished plus you get a mob of murderous homeless people around causing trouble with the occasional slashing or shooting. Currently paying 2800pm for a beyond shitty walk up apartment with roaches and a crime problem.
Why are we living like this in NYC??
both in "bad" locations tho... You won't find the same for the same price in other areas
I've lived in London in my youth those are quite comparable to Midtown Manhattan, which is a "good area" in NYC. One of them is literally in Canary Wharf which is like Hudson Yards over here. I'm guessing you're one of those people that only think good areas are South Kensington, Belgravia and any other place with a lot of royalty living there, which there is nothing wrong with just different tastes and I prefer a younger more urban crowd.
Canary Wharf is similar to Hudson Yards here and an average person would gasp if you told them you lived there so calling it a bad neighborhood isn't true at least to me.
You can't even find apartments like that in the bronx (an actual bad neighborhood) for that price and you're basically guaranteed to witness at least one shooting living there and if you do find one you'll probably have to pay USD10K+ to move in. I had to pay 7500 to move into my apartment that is around the same price.
Anyone know UBS? Am at a competitor with management considering a bump and am missing them as a data point
Curious as well
HL 65/70/75
PJT 80/90/100 (AN3 is from July to Jan, after which you become AS0 - heard comp is 125K but not sure if at AS1 or already AS0) - This is top of the street so not really comparable
HL analyst 3 getting paid less than PJT analyst 1, while working in the same building (floor 4 vs floor 5), is absolutely wild
Recruiter sent me base comp for DC Advisory
AN1: 75k; AN2: 80k; AN3 85k; 120k ASSOC1
anyone know if it is still a +5k bump between a new AN1 and AN2 generally in Ldn?
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