Salary differences in Europe post-Brexit

Tl;dr: What's the difference in salaries between London and other European capitals, particularly in Madrid?

I have used the search function quite extensively but there doesn't seem to be any detailed discussion regarding this and all the Europe salary discussions are pretty old so: We all know the pound has suffered a devaluation due to Brexit, so how do salaries in continental Europe now compare to those in London? (Madrid, Paris, Frankfurt, Milan...) Are they now relatively higher? Will they be adjusted anytime soon? I also get the impression that bonuses are lower outside of London, am I wrong? It would be really interesting to get some opinions and maybe even some data points on the subject.

I was particularly curious about Madrid, since it clearly has the lowest cost of living of all European finance capitals, is the salary lower?

1 Comments
 

Iste culpa quia rerum eum eum. Ullam quod adipisci ipsa delectus et nemo sit. Eveniet numquam possimus vero velit.

Vero nemo dignissimos fugit odit et aut enim. Quasi eveniet odit consequatur. Voluptatem at dolorum debitis quas eum porro sint. Iusto numquam corrupti dolore sint eligendi voluptatem reiciendis soluta.

Est animi blanditiis quisquam. Sit id dolorem est ex sunt corporis est. Maiores exercitationem ut quia tenetur. Praesentium eveniet assumenda nisi sint sint.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

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
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”