Investment Banking in Madrid

Question

1) USA (NY) 
2) UK (London)

I imagine Paris comes in at 3rd, but how is Madrid viewed?

General thoughts such as comp, hours, prestige, exit ops…

Im in the application process for a few BBs and EBs in Madrid stating Jan-22.

Currently at no-name boutique (graduated), wanna move to a BB or EB, then do MBA in US and eventually get into PE - and wondering if working in Madrid (converting to FT after internship) would get me into a top MBA programme.

The Pharma Guy · Accepted Answer

IB in Madrid is a pretty solid regional scene. Most work will be focus in Iberia or Europe (some LatAm depending on the firm) and mainly from a handful of BBs/EBs, some MMs but mostly local boutiques. Compensation is not on par with London; what I think people mean is that the compensation to cost of living ratio is MUCH better than in London. You can start with a GBP 50K base in London, and a EUR 40K base in Madrid, but that EUR 40K goes much further in Spain. Hours are quite comparable, but it depends on the firm. Culture also varies.

TimothyBryce_ · Answer

Exits to PE in Madrid are quite limited to Spanish PE firms (all of them are MM and LMM, with the largest managing no more than 2B AuM) and more rarely to international PE shops with a big enough office in Madrid (Ardian for instance). MF PEs, if any, only have a no bigger than 5 investment professionals office all of which previously have been in London.

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Investment Banking in Madrid

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Investment Banking in Madrid

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