London VP Comp

Based on the most helpful WSO content, typical Vice President (VP) compensation at elite boutiques (EBs) in London is competitive and generally scales meaningfully as you progress from VP1 to VP2. Here's a breakdown:

1. Base Salary:

   • VP base salaries at EBs in London typically range from £180k to £220k, depending on the firm and seniority (VP1 vs. VP2).
   • Some firms may offer slightly higher base salaries for retention or to remain competitive.

2. Bonuses:

   • Bonuses at the VP level can range from 50% to 100%+ of the base salary, depending on individual performance, team performance, and the firm's overall profitability.
   • Top-performing VPs at firms like Evercore, Centerview, or PJT Partners may see bonuses closer to the higher end of this range.

3. Scaling from VP1 to VP2:

   • Compensation does scale meaningfully between VP1 and VP2, with increases in both base salary and bonus potential.
   • The jump is often tied to increased responsibilities, deal flow, and leadership within the team.

4. Total Compensation:

   • For VP1, total comp (base + bonus) typically falls between £270k and £350k.
   • For VP2, this can rise to £300k to £400k+, depending on the firm and performance.

Elite boutiques are known for offering higher compensation than bulge brackets, especially at the VP level and above, due to leaner teams and higher deal exposure. However, the workload and expectations are also significantly higher, so the pay reflects the intensity of the role.

Sources: Millionaire by 30, https://www.wallstreetoasis.com/forum/investment-banking/elite-boutique-consensus-associate-compensation?customgpt=1, https://www.wallstreetoasis.com/forum/investment-banking/ebs-compensation-london-2021?customgpt=1, Compensation Structure at the mid-management level in Corporate Development / Strategy / Finance, Entry level salaries low in London