London VP Comp

Based on the most helpful WSO content, here’s a breakdown of typical compensation for a Vice President (VP) at an elite boutique in London:

Typical Compensation for a London-Based VP at an Elite Boutique

1. Average Total Compensation: Around $390,000 to $392,000 annually, as per recent data points from September and December 2023.
2. Breakdown:
   • Base Salary: Typically forms a significant portion of the total comp, often ranging between $200,000 to $250,000.
   • Bonus: Bonuses can vary widely depending on performance, deal flow, and firm-specific policies. On the higher end, bonuses can push total comp closer to $450,000 or more for top performers.

Higher-End Compensation Details

• At the higher end, elite boutiques like Evercore (EVR), Lazard (LAZ), and PJT Partners are known to offer competitive packages. Bonuses at these firms can be substantial, especially for top-bucket performers, often narrowing the gap with bulge bracket banks.
• Firms like Perella Weinberg Partners (PWP) and Guggenheim (GUGG) tend to follow Evercore’s lead in terms of bonus announcements, ensuring compensation remains competitive.

Key Insights

• The gap between mid-bucket and top-bucket compensation is not as wide as some might think, with differences often within ~$20,000.
• Retention policies and benefits at elite boutiques are also a significant factor, with some firms offering perks that enhance the overall package.

For more detailed insights, you can explore the https://www.wallstreetoasis.com/forum/investment-banking/qa-vice-presid…</a">Q&A: Vice President at London IB Boutique thread on WSO.

Sources: https://www.wallstreetoasis.com/forum/investment-banking/elite-boutique-consensus-associate-compensation?customgpt=1, https://www.wallstreetoasis.com/forum/investment-banking/2017-investment-banking-report-8-key-trends-to-know?customgpt=1, Q&A: Vice President at London IB Boutique, Evercore total compensation?