Can someone list average street comp (including avg. sign on bonus) for 1st and 2nd year IB Analysts, well as 1st and 2nd year UMM/MF PE Associates between London and NY in this format:
London AN1: x PS AN2: x PS PE1: x PS PE 2: x PS
NY AN1: $x AN2: $x PE1: $x PE 2: $x
Seeing a lot of conflicting comp points online, so don't really know what to make of pay discrepancy between the two cities.
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For the UK just take a look at Arkesden report
Thanks. Any idea on the average PE Associate comp for London?
Edit: Found the private equity one, but it only lists it for the same IB BB's. Are these numbers the same as what one would get at a Blackstone/KKR?
Salaries have so much std var, you will find pay bumps/haircuts depending on the firm size. Hard to generalize...
PE in Europe in most cases pays as much (for UMM/MF) with few exceptions (terrible w/l balance) or lower (MM) than BB IB.
And in all cases it will pay less than in the US.
Also, in London do analysts do the same 2 year stint as NYC, or do they do 3 years before moving to PE?
Depends on the bank - some are 2 years, 2.5 years and 3 years. I think the Arkesden report mentions that as well. People typically leave at some point between An2 and As1.
You can exit as Associate 2 with no much problems in the UK, funds are more open to hire experienced people I would say
Pan European Monkey I know that in the US, most IB analysts switch over to PE for better comp. Since you mentioned that PE Associate comp in London is in line with BB IB comp, do most London IB analysts just stay in banking? Or do most still make the move to PE?
People still leave as the W/L balance isn't great but I wouldn't say that the majority move to PE, and if they do so it's because they want to try investing.
With all due respect, when you'll start working you'll understand that compensation is not the thing that will drive you anymore (or at least for the majority of us). Sure we'll get paid well anyways but some people want to have a good W/L balance and move to corpdev etc.
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