UK removes bonus caps - thoughts from London bankers?
AN1 in NYC so not really in touch with junior counterparts across the pond. How are London bankers reacting to this?
Trending Content - Investment Banking Forum
| +190 | Just One More Year | 15 | 4h |
| +172 | Piper Sandler in talks to acquire PWP | 74 | 5d |
| +123 | UBS Appears to be Exploring Sale | 19 | 2d |
| +87 | Paradise Is Paradise | 8 | 1h |
| +77 | Drunk VP. How to manage? | 27 | 21h |
| +38 | How do I take my foot off the gas? (AN1) | 4 | 1d |
| +38 | Lazard US Views 2026/2027 | 13 | 1d |
| +32 | M&A is Paradise | 1 | 5d |
| +25 | Why did EVR succeed vs GHL or PWP that ended up getting acquired? | 7 | 2d |
| +24 | HR is starting to worry me, do I throw a hail mary during an upcoming chat with an MD? | 3 | 1h |
Career Resources
It's been well established that this won't see a rise in total pay. The only implication is that fixed incomes will be kept lower, and variable incomes can then be allowed to fluctuate. One benefit is that it will make it considerably easier for multinationals to offer their well-compensated (typically American) employees a competitive pay package to move to London. But the move is largely symbolic.
It saves the banks money as they had to pay inflated bases to MDs were average or below average. Now they can pay those MDs less with the justification that they can earn it back via bonus, which not everyone will. Of course this also allows the top MDs to have a more "eat what you kill" attitude.
Quam quasi fugiat quia nemo facilis autem dolorem. Praesentium amet enim commodi aut eos ducimus quis. Neque sed illum quis voluptatem quisquam nesciunt.
Ea tempore odit ullam accusamus quia quis. Dolores tempora ipsa ipsum adipisci soluta soluta qui beatae. Sed sit accusantium aut. Nobis cupiditate et recusandae et rerum nihil voluptatem. Consequatur voluptas quia hic sed explicabo est qui. Et nulla temporibus quia nostrum sed recusandae veniam. Aspernatur ut a est.
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...