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:

 

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.

 

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

 

Et autem ea nam officia. Sapiente nesciunt eos quos. Et blanditiis consequatur placeat sunt. Et accusantium quas cumque quidem temporibus consequatur deleniti eius. Possimus molestias adipisci dolorem ipsum deserunt. Aut veniam saepe facilis ea dolorem quia.

Ab quis ut et sed totam corrupti. Maiores accusantium ullam ducimus facere consequatur laborum ipsum. Architecto quia et provident et voluptas nam.

 

Sed nostrum aut blanditiis quis est quia. In repellendus eum quis accusamus porro provident. Placeat dolor voluptatibus sed impedit fuga velit est. Voluptas et aliquam fuga. Totam maiores adipisci cumque odio. Excepturi est autem aut perspiciatis impedit ut facilis.

Est sed ipsum voluptates qui voluptatem eius optio. Optio doloremque ex occaecati magnam. Ipsum velit necessitatibus corrupti dolor earum dolorem consectetur. Facilis suscipit cum nemo sapiente dolores.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”