My bank has recently increased IBD salaries in NY. I work in the leveraged finance group in Madrid and our salary has remained flat, though the salaries from the M&A group has increased c. 20%.
Does anyone know if salaries in Europe (excluding London) are increasing as well? Does salary increases target specifically M&A groups or also other IBD groups? Any specific info on Madrid?
Thanks,
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Should target at least the whole IB franchise, but we all know how things work in Spain. My bank has also increased salaries in ER and S&T in London.
Sad to hear that. The IBD head of my bank said the other day that they were performing a benchmarking of salaries in the industry, however nobody knows if they will actually take action.
Bump
Off-topic but how big is the banking scene in Madrid? I would assume that London, Paris, and Frankfurt/Munich take up the bulk of the deal flow in Europe.
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