London Salaries

M&A -

It is much more than 30%.

M&A - Starting salaries GBP40k+ and I agree, bonuses way more than 30%!!!!

unless that was a sign on bonus or something??

30% bonus... maybe his firm is anticipating a recession in advance.

I'd much rather be the last to know about a recession....30% sucks

Why is pay so low in London? geez...I understand that the GBP is much stronger than the dollar, but isn't that just too low? Or do they work less hours or something?

I doubt his believability.

To be fair, he did use the slick

london cost of living is way high, i wouldn't be able to live for under

the 40k i mentioned was more of an intern with a move to an analyst...i think that the 1st yr analyst salary jumps by 5 or 10k. Analyst base salaries in London range from 40-55 i think which is roughly 75 - 105 of your US dollars. I'd be surprised to see first years starting at less than $75-85k + bonus in this market....

you can survive in London on GBP 50k, but it would mean revisiting your lifestyle choices...50K gives you just under 3k net a month and that's not including bonus. If you're willing to share, you can get a nice place in a good area...eat all your meals on the company during the week, save some cash....

Friends of mine did their summer internships in London and (though they had a great time), they got paid the same exact amount in US$ terms as we New Yorkers did. The problem is that things cost twice as much in London. If that's generally the case for pay in London then it means de facto that the pay is less (in terms of purchasing power).

anyone know what the pay is for JPM in London? because I've heard it is lower than the rest, particularly GS.

I'm getting

yeah, but canary wharf isn't midtown or wall street. quite boring actually. even though you'll be at work all of the time you don't quite get the vibe of the city (yes that one) or the west end. you could almost kinda sorta be in any other big city.

Should be at least

Limies are fucking gay, god damn red coats.

London is great

London is a great place to be.

1) New Associates in BB London are getting 60K GBP, 60K USD signing, relo, et al., bonuses vary, but percentages are comparable

2) London rocks, the diveristy of deals and nationalities is so much more interesting than New York, it's ridiculous

3) Canary Wharf, while lacking a distincitve culture, is a banker's heaven in my mind. Tons of bars, shopping, restaurants, and fewer scumbags than anywhere in NYC. Granted a few skanks show up on Fridays, but that can be fun too.

4) Cost of living is similar to New York. If you convert everything into dollar terms, it seems expensive, but in Purchasing Power it's not much different

3) london does rock, but canary wharf doesn't cut through, clarifies, and captures the essence of evelotionary spirite. uh, oh, the true essence of london i mean. the bars and shopping are just high street fair to be honest. slug and lettuse type establishments. no place with some real soul or charactor where you can stroll in with your IB buddies and look completely out of place in your pinestripe suit, winchester shirt, japanese silk tie attire.

it's too mr smith from the matrix for my tastes. much prefer the west end or the city. still better than most other financial disctircts in other coutnries.

I said near the City or Canary Wharf, not in. Brick Lane/Spitalfields area is cool and not too expensive. Bermondsey and Borough Market are just 2-3 tube stops away from CW as well.

agreed - Canary Wharf is soul-less, but you can live nearby in pretty 'happening' places...

Brick Lane, Spitalfields, Bermondsey, Borough market.... you guys are not classy enough to be ibankers ! you need to live in the west end or canary wharf or west/north london to be classified as proper ibankers living the high life ! 1st yr analyst traders at some BB make

prince, we have established that canary wharf lacks the "coolness" factor. it's more than a little "it's hip to be square" a la the 80's classic which you undoubtabley know. west end is ideal (what tourists think of, when they imagine london, almost like a recent woody allen movie). great if you are able to afford it, but generally out of reach if you want to live on your own and are only in your first year or so.

I'll be able to afford other areas of London. I just don't like the idea of waking up much earlier to commute from Notting Hill, as cool as it is. Maybe Angel though, that's not too far.

urgh - tube commute from Angel SUCKS

That's my biggest problem, I hate the tube. I'd love to be in Tower Bridge/Tower Hill and take the DLR to work.

I'd honestly rather "commute" to my social life and take black cabs to clubs and bars than have to wake up at the crack of dawn to get to work just to have a flat in Mayfair or South Kensington. Plus, all the after work bars are in Canary Wharf or the City anyway.

St Katharine's docks - nice place

St Katharine's docks are convenient for work and calm a place. Just too boring though, unless you can't get enough of the Tower of London... A bit far from the nice places to go out and miles away from West End. That said, London as a whole is absolutely amazing. Everyone's got to live there at some point.

There are alot of numbers flying around. Also I am not sure if the nomenclature being used is clear. Therefore, could someone give a range for the following:

Analyst (pre-MBA) Associate (post-MBA) VP (MBA 2years+) Director (MBA 4years+) Senior Director Managing Director

(Feel free to correct the nomenclature if you want but please explain, for clarity's sake, any change made)

Thanks in advance.

What was that silly comment about Nigeria for? Have you been there before?