London - Salaries and Bonuses
Hi folks - I'm a first year analyst working at an Elite Boutique in NYC (Think Moelis, Lazard, Evercore, Blackstone) and am considering to move to London soon - if anyone could provide some details on what base analyst salaries and/or bonuses are (or expected to be) even approximate ranges, that would be very helpful in my decision.
I've read too many rumors about base ranges from 42k to 60k and if anyone had some more specific numbers, I'd appreciate it. For bonuses, I'm hearing things between 20k and 60k and can't really conclude much from that, any color would be greatly appreciated.
Don't do it young man. Only Russian plutocrats can afford to live in London. Everyone else is a slave.
That said, I hear Moelis first year is c. 50k base. No idea about bonuses though, sorry.
London is expensive but I spent 3 months there and loved it. After 3 years in NYC ideally I'd like to work there for a few+ years. It really is amazing. Unfortunately I know nothing about comp there, but I encourage the move!
Not another yank who's going to come over to London, to moan about the weather and service and say how great 'Merica is - GO BACK THEN!!!
I'm at a EB in London, so might give some insights.
Base for us is 45, however people are expecting the industry standard raise in the coming weeks. Right now it is kind of a mess since some banks raised and others didn't, so banks pay 45 or 50 (or a little more for a selected few).
Our bonuses last year were 90-110% of base, I'll update with this year's numbers.
For first years market average base is between 45 - 50k, but I call definite BS on guy's claim of 90-110% in bonuses. For a first year, market average (excluding sign-on) is like 70-75k,ie. bonus is c.50% of base.
As a second year, market average is curreently 50-55k, with average bonus of 35-40k, ie. c.70% of base.
Generally speaking you dont make bonuses of 100% or more until you hit Associate levels.
Sorry to hear that it isn't the same for you guys. Oh and I couldn't care less if you agree or not, I know that my firm pays above market, so do other EBs.
my bad. but my comment is more jab at the sort of people who would rather resort to pretty antics like throwing monkey shit when they dont agree with what's being said, than actually commenting and engaging in what could be a constructive argument.
I still dont buy your claim though. If market average for a first year is 75k, based on numbers you've posted you're basically saying the average 1st year at your shop got paid about 20k more than the market, which find difficult to believe.
and then you don't debate the numbers, you just call him a liar again with the "if i haven't seen it it doesn't exist" heuristic
There are firms which pay way above market (maybe you heard the name Centerview before), so while it doesn't seem to make commerical sense to Zweihander from WallStreetOasis, it is still happening out there.
it rubs the lotion on its skin, or else its gets the hose again
Just for your info, it wasn't me.
This should give you all the info you need regarding salaries and bonuses: http://www.arkesden.com/research#.VcaGaxNVikp
Says that they'll send you a link to download the reports, but I tried two different reports and didn't work for me. Is anyone able to view the reports?
Base is 50k at most BB's now, don't know about EB's.
Bump.
Can the London crowd comment on base salary being offered for FT IBD analysts? Also the progression from 1st year/2nd/3rd? With the pound so weak, comp seems pretty meager in usd terms compared to what US analysts are getting.
depends on banks - generally A1 is 50/55, bumps of 5k a year. bonuses range from 50% to 120%
A1 c. 50 depending on bank. Some of the EBs / large advisory firms are paying 55. MMs paying 45. Progression is usually around 5-7k per year salary. Bonuses range from high teens to mid 20s on average. http://news.efinancialcareers.com/uk-en/255551/pay-for-bankers-in-londo…
The pound relative to other currencies is irrelevant. Compensation will be based on local cost of living and what competitors are paying.
Any colour on associate comp? Much appreciated!
just check efinancialcareers dude
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