LMM/MM UK PE - pay bumps?
Given the market wide bump in base salaries across BBs, EBs and even MMs (in addition to MF/UMM PE), curious to see if LMM/MMPE have followed suit?
My understanding was that previously a new analyst leaving IB would expect £70/80k all in comp in UK LMM/MM PE. Have any bumped? Would make it a tough sell to leave banking if these figures haven't increased materially?
For context, currently in UK MMPE and NO pay bump yet. Expect c95-100k all in comp this year.
My data points are limited but I am not aware of any UK LMM/MM PE firms offering pay bumps. I do know that a lot are hiring, but there have been no shortage of applicants from what I can see. Over time I do expect base pay to rise in PE as the banks have seen such large increases.
OP here. That’s what I’m seeing as well. Surely they will have no choice as it just makes it so uncompetitive v banking. They being said it still trumps big 4 where a lot of them hire from.
You hit the nail on the head. There's no incentive for these guys to raise comp if they're already getting the talent they need, especially if they're hiring from the likes of Big 4. When the pay bumps come I doubt they will be huge.
Was my understanding that LMM associates should be expecting 75-80k base with 100% bonuses not uncommon? Surely an 80k all in salary can’t attract IB associates breaking 200k
yes can confirm those numbers
I'm on 130k all in at LMM UK Ass. 1, although I reckon there could be a price bump incoming for me to 160k
Est aliquam repudiandae quaerat. Aperiam quasi consequatur quae voluptas ut delectus officiis. Eligendi voluptas et dolores omnis est quia eligendi. Modi reprehenderit exercitationem nobis repudiandae nihil voluptas. Et et dolores aut assumenda.
Esse et ab nulla. Quis fuga quidem quia eveniet non. Adipisci qui perspiciatis in et. Dolores libero perspiciatis nihil aspernatur quo vel soluta. Impedit quas asperiores modi sunt asperiores unde explicabo.
Nostrum perferendis sit voluptatem itaque eius eos. Non quos a dolores et et est. Fugiat hic accusantium alias illum totam vel ad iste. Eos aut ullam asperiores eligendi aliquam ducimus occaecati.
Consectetur harum est deleniti natus. Corporis nulla aut neque architecto ut aperiam rerum. Velit nobis possimus fugiat aut maiores. Esse ut earum nam qui facilis dolorum voluptas.
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...