Hey! I'm an MSc in Finance graduate starting an off-cycle internship at a MM boutique in Madrid (mostly M&A). I expect to become a FT analyst after 6 months. What is the average salary for first year analysts in Madrid? I can't really find any info on this. Is there a big difference between BBs and boutiques? I guess the BBs only have regional offices in Madrid.. whereas working for a boutique like mine would enable me to gain more deal exposure. What's your take on this?
Trending Content - Investment Banking Forum
| +186 | Piper Sandler in talks to acquire PWP | 75 | 1d |
| +124 | UBS Appears to be Exploring Sale | 19 | 4d |
| +101 | Paradise Is Paradise | 8 | 1d |
| +80 | Drunk VP. How to manage? | 27 | 2d |
| +40 | How do I take my foot off the gas? (AN1) | 4 | 2d |
| +38 | Lazard US Views 2026/2027 | 13 | 2d |
| +26 | Why did EVR succeed vs GHL or PWP that ended up getting acquired? | 9 | 1d |
| +22 | Mandated 9:00am Arrival? | 6 | 5d |
| +21 | Prestige Upgrade: Incoming Piper Sandler Intern (PWP Merger) | 4 | 6d |
| +21 | How early is to early? | 9 | 17h |
Career Resources
Can you tell which grad school?
It really depends on what type of MM are we talking about
Is it AZ / Alantra / HL if so you will be paid nice but quite below BBs.
If not expect for a low salary, even local banks underpay their staff. Expect to be paid similar to a Big4 in the best case scenario
Thats why the safe bet is to go for a BB/EB in Spain
I did the MSc in Finance of Carlos 3 and landed the job networking. I’m expecting somewhere in the range of 30-45k and have no idea about bonus if there is any. Any idea about the type of work that is done in the BBs? I’m afraid since they are regional offices that most of the interesting work is done in London.
Et sed ducimus sint iusto aspernatur est. Modi ut voluptate consequatur expedita nostrum quia praesentium sunt. Consequatur cumque eveniet vero dolorem. Voluptate id dolores culpa aspernatur dicta. Ad repellat quo magni eum.
Harum ipsum ratione est voluptatibus ipsum ab. Non quisquam harum nostrum. Sed accusamus rem quia non. Beatae quis accusamus amet incidunt distinctio officiis. Sequi numquam eius aliquam dicta aut. Blanditiis nobis omnis aperiam et ab suscipit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...