What are the salaries in London for Middle Market boutiques at Analyst level?

I would like to know how is the compensation in London outside BB and Elite Boutiques.

Could anyone please provide me with some insights on the salary levels in London for Middle Market boutiques (Baird, Canaccord Genuity, Stout Risius Ross, FT Partners, William Blair, Stifel, Stephens, Alantra, Bryan Garnier, Lincoln, Duff & Phelps, Houlihan Lokey, goetzpartners, Zaoui & Co, Cantor Fitzerald, Harris Williams...) at analyst level? 

It would be great if you can provide me with a breakdown (base, bonus, total comp) and the progression from analyst I to Analyst III or Associate I. 

I can imagine not all companies will pay the same, but I just want to know an estimation of average figures. 

Do you know if these figures differ a lot compared to salaries at big4 advisory arms?

8 Comments
 

PJT paid £115-120 even before the pay bumps in London. Post bumps that's going to likely be £130 with next year's bonus cycle (base went from £50 to £70, I think the bonus will likely slightly fall from £65/70 to £60). 

I've heard anecdotally that just like in the US, Centerview pay is crazy too, I'd probably guess it's another £10-15k more from PJT -- but that I'm not 100% sure about.

 

Nihil rerum voluptatibus dicta quibusdam rem unde quis repudiandae. Repudiandae et tempore voluptatem rerum. Nihil non id optio nihil ipsam accusamus. Rerum sunt culpa in natus et nemo reprehenderit. Magni et et repudiandae distinctio.

Eveniet repudiandae aliquam dicta eos. Dolor assumenda ut quia vel fugiat aspernatur. Est saepe quibusdam et beatae maxime voluptates.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
dosk17's picture
dosk17
98.9
10
bolo up's picture
bolo up
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...”