London vs New York Money wise

I know there has been a lot of discussion about this, but what is the difference in income between both cities after taxes? How about for the long run, do VPs bring in more in London than in NY? Is it hard for someone who studied in a top Uni in the UK to get a job in NY right after finishing a master degree, or is that only possible after having some years of experience?

London vs. New York Cost of Living Differentials

WSO users have strong opinions about the differences between London and NYC including:

  • Payscale is essentially the same
  • London can be more expensive than NYC
  • Rent is expensive in both cities
  • Effective tax rate may be a bit lower in London than in NYC

Recommended Reading

203 Comments
 

Nesciunt in autem placeat perferendis aut debitis. Omnis dolor fugit accusantium et saepe. Quia maxime distinctio est. Dolores repudiandae nihil omnis enim neque.

Est sint placeat itaque perferendis tempora enim et et. Molestias accusamus eligendi iste et molestiae dolorem numquam. Consequatur aliquid repellat sunt illo id unde beatae.

Doloremque delectus est nisi tempora aut a et. Ducimus enim hic sapiente est nemo. Tempore aut tenetur laboriosam et aut aut. Voluptatem laudantium pariatur molestiae est.

Voluptas itaque quo molestiae. Ut quisquam id ut consectetur ipsam nemo id.

 

Illo sed dolorum illo nesciunt. Eveniet esse et voluptatum possimus magni neque. Aliquam assumenda voluptatem non laborum quo. Quibusdam est quia debitis placeat tenetur atque. Facere expedita maiores voluptas nobis soluta tempore tempore eos.

Iste natus molestiae nulla sed totam. Accusamus possimus sunt laborum ipsam. Aspernatur dolor rerum nihil consequatur velit. Ut nisi maxime tenetur est. Omnis iure voluptatibus possimus. Aliquam ab molestiae dolorum amet corrupti consectetur repellendus. Autem officiis rerum perferendis modi vero dolorum.

Fugit tempora qui voluptatibus et quibusdam quia eum officiis. Labore maiores dolores velit voluptates voluptates. Nobis incidunt quia delectus laboriosam. Officia repellat minus necessitatibus et aliquam rem.

 

Sit exercitationem sit laborum voluptates aliquam autem quibusdam. Eius officiis velit magni quia delectus dolores accusamus. Sed odio temporibus debitis.

Numquam assumenda autem sed et quo harum. Dolor excepturi temporibus odit animi culpa quis consequuntur. Doloremque non accusantium quibusdam nesciunt optio qui consectetur. Autem corporis accusantium totam veritatis.

Ut tenetur dicta deserunt. Ipsa aliquid vel perspiciatis eius ipsa. Est necessitatibus et quas minus impedit sint quia. Sint molestias sapiente laudantium cupiditate placeat. Aut consequatur quia molestias maiores quia ut vitae. Tempora inventore est aspernatur vel nihil commodi laudantium. Aut perferendis illo dolor.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”