London MM/LMM IB Comp Thread

Any colour on MM/LMM IB comp for AN level in London? 

Please feel free to drop your numbers below:

Title: AN 1/2/3, ASO 1/2/3 etc

Firm/Firm Tier: 'insert firm name' or 'LMM', 'MM' etc

if applicable, # of IB professionals at firm:

Base (GBP): 

Bonus %:

Hours:

Overall Satisfaction:

48 Comments
 

Based on the most helpful WSO content, here's a breakdown of some compensation figures and insights for Investment Banking (IB) Analysts in London, which might give you a rough idea of what to expect for MM/LMM IB compensation at the Analyst level. However, specific numbers for LMM (Lower Middle Market) or MM (Middle Market) firms aren't directly provided, but we can infer some insights based on available data:

  1. No Bullshit - London Bonuses:

    • AN1 Base at a European BB: £50K, Bonus: £15K
    • AN1 at an EB: Base: £52K, Bonus: £25K
    • Large EU bank Analyst 1: £50K salary, £0 bonus
    • Analyst 2: £55K salary (bonus not specified)
  2. Compensation Differential NYC/London:

    • Analyst 1 compensation in London at a BB: £50K base, c.80% bonus (around £90K total)
  3. Base Compensation Increase | IBD | London:

    • Discussions around compensation increases but no specific figures for MM/LMM firms. However, there's a general sentiment that compensation in London might be below market compared to NYC.
  4. General Insights:

    • London IB salaries are generally lower than their counterparts in more financially dominant cities like NYC.
    • The cost of living (CoL) adjustment between cities like London and NYC can significantly impact the perceived value of compensation packages.
    • Work hours in London might be slightly less compared to NYC, with a culture that encourages taking more vacation time.

Overall Satisfaction: While specific satisfaction ratings aren't provided in the context, it's important to consider factors beyond compensation, such as work-life balance, firm culture, and career progression opportunities when evaluating overall satisfaction.

Remember, these figures can vary widely depending on the firm, market conditions, and individual performance. It's always a good idea to look for the most current data and speak directly with professionals in the industry for the most accurate insights.

Sources: https://www.wallstreetoasis.com/forums/compensation-differential-nyclondon?customgpt=1, London MM IB opportunities, https://www.wallstreetoasis.com/forum/investment-banking/ebs-compensation-london-2021?customgpt=1, No bullshit - London bonuses, Investment Banking vs Management Consulting in Italy

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

AN3
MM - c.80-100 individuals in London
Base - £75k
Bonus - 63%
Hours - average about 50 - 70
Satisfaction - Pretty content. Very good WLB and flexibility (but still 5 days in office). But firm / deals / individuals aren't the strongest / best.

Sounds amazing. Is this Jeff?

 

An3

MM - c.50 heads in London

Base - £70k

Bonus - 90%

Hours - low side would be 50, upper end can be 75+

Good shop, great people, not always the best quality deals with some fluctations. But for WLB to comp ratio, pretty strong, especially in current market.

 

Title: AN 2

Firm: MM

Base: 70

Bonus %: 60%

Hours: 60-90 

Overall Satisfaction: 6/10 - great culture and juniors but seniors are awful. Deals vary from pretty good to bottom of the bin. Can get very sweaty as well

LINCOLN alert

 

Title: ASO 1

Firm: LMM (10 hc)

Base: £65k

Bonus: 120-150% (conservative estimate)

Hours: 50-70 on average

Satisfaction: Overall content. Base is obviously very low, but autonomy is strong, rough weeks of 90+ hours are minimal and bonuses are generous (90% at an2 after a very bad year and could easily end up getting 160% or more at aso1 if things go well). Very young firm, so aim is to assess comp growth vs firm growth and make sure they match up. 

 

What does recruiting like at your firm? Do they run a SA scheme and do they recruit from UK targets only or also semis like Bath, Durham etc

 

AN 2

LMM

15

Base : 46

Bonus : 120%+(approx 100% in tranches if especially shit year.)

Hours : Approx 50-70. 70 = busy. Rare when 90+ (makes sense due to low base). Overall satisfaction: Good. Bad year means bonus paid in tranches (never 0) . Own the deal with MD. Tiny teams , no bullshit and deals get done. Can plan my week - low stress levels, go to gym every day and spend time with family and friends. At all meetings (in person and online , whether that is with an acquiring CEO or client )

 

ASO3, 6YE (hoping investment manager next promo cycle)

LMM structured credit fund (ABS/private credit)

£90k base + 50% max bonus (25% cash, 25% LTIP (2y deferred, works like co-invest, compounds at fund return (high teens), pays out annually)

Hours depend heavily on dealflow (60+ on live deal), but on avg 50

Deals are interesting, leading deals and IC process independently, but feel underpaid vs market

 

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30YRAN
 

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