UK Corporate Banking Comp Progression

Currently work in NYC but want to live in London for personal reasons, was wondering what comp looked like across the atlantic in corporate banking across levels. I heard pay in London is always at a discount to the US but I am wondering by how much. 

At my bank:

Analyst: 100k - 110k Base, 30k+ Bonus

Associate: 130k-150k Base, 50k+ Bonus

VP: 200k Base, 150k - 200k+ Bonus

Director: 250k Base, 250k - 500k+ Bonus

MD: 1m Base, 1m+ Bonus

All figures as in USD, what do you guys think, are any of your VPs or Directors pulling in GBP500K to GBP1m+ a year?

Comments (8)

  • Intern in IB - DCM

I don't know about VP/Director, but for AN1 the base 70k GBP (at my bank at least).

  • Intern in IB - DCM

It's under the same umbrella as the investment bank.

  • Associate 2 in IB - Gen

Hold up - what bank is giving a $1mm base for MDs, whether it's IB or CB? Genuinely curious because that seems extreme. 

Other #s seem correct. 

  • Prospect in IB - Gen

AN1 GBP60 Base @ Canadian bank

  • Associate 2 in PE - LBOs

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