London MF Analyst Comp

Curious what Analysts are getting in comp for Yr 1 and 2 in London working at megafunds. Is it around 65k? Would love to hear what base is and what you can expect as bonus. The salary reports aren't updated since 2021 saw huge bumps. If you could post what you do too (healthcare, generalist, infra, re, credit, etc.) Thanks!

Comments (61)

1y 
ThrowawayLondon4321, what's your opinion? Comment below:

A few years ago it was 70-80k all-in for BX Corporate Private Equity; unsure what it is now (with a recent junior price bump in the industry).

  • 1
  • Associate 1 in PE - Other
1y 

This is closer to base comp nowadays. Expected all-in twice as much.

  • 1
  • Prospect in IB-M&A
1y 

Total comp is like 140-160k all in for a first year analyst?

  • Associate 1 in PE - Other
1y 

They aren't - you are paid in USD and exactly what folks in NYC are getting.

  • Analyst 2 in PE - LBOs
1y 

So whats the USD salary on Associate Level?

  • Associate 1 in PE - Other
1y 

>=$300k

  • Prospect in PE - LBOs
1y 

Bump MF analysts drop your comp! I'm in two processes and would love to know

  • Prospect in PE - LBOs
1y 

In general, should a MF analyst expect to be paid more than an BB ibd analyst? For pe, infra, re, and credit…comparing the asset class groups to the same coverage at ib btw. Thanks

  • Prospect in IB-M&A
1y 

Curious on this as well. I've heard some pe funds pay less for the opportunity to go buyside right away? But then places like BX pay 140 all in?

  • Associate 1 in PE - Other
1y 

For smaller funds that can be true. Large cap funds will usually pay in line or above banks given they want the best talent. And even  if they were slightly below, everyone would still take the buyside offer.

  • 1
  • Prospect in IB-M&A
1y 

Thanks for letting me know. Another question, does intern base pay and analyst differ usually, or is it reflective of analyst base?

  • Prospect in IB-M&A
1y 

You have no idea how relieved and hopeful I am that this holds true for me too. Got my intern salary 20-25% below what I think is London IB market base pay at a MF, was a bit tough to swallow

  • 1
  • Intern in RE - Comm
1y 

Haha can relate bro, getting underpaid as shit in my current internship but same base as AN1 for my MF gig

  • 1
Funniest
  • Prospect in IB-M&A
1y 

Monkeys eating banana peels when we just want the banana loafs! Thanks for the comment, actually super relieved now

  • 2
  • Analyst 1 in IB-M&A
1y 

Sorry, quick question - when you guys say analyst 1 and 2 at MF, you mean those that came from IB right? Not the fresh grads that BX has

  • Associate 1 in HF - Event
1y 

No, Analyst 1 = fresh grad

  • 1
  • Prospect in IB-M&A
1y 

I meant fresh grad. Although for BX specifically, I heard people who lateral in often have to take a title wise for a few months or a year. Ex. If you're done two years as an analyst in ibd, you might be an anlayst for a half year at bx before getting the bump to associate. I could be wrong, but this was from someone within the company.

  • Associate 1 in PE - Other
1y 

Can confirm this is correct. Assuming you join after 2y in banking, you will need to wait for another half year until promoted at BX due to their winter bonus / promotion cycle.

  • Intern in IB - Gen
1y 

Make sure you know what you're getting into…some of these so called private credit guys just invest in bank debt that meet their return requirements. This is not a bad seat, but it can get pretty fucking boring pretty fucking quickly. If they do direct lending, this might be a bit more interesting but to my knowledge most of the pure play direct lenders don't take summer interns (and definitely not penultimate year undergrads unless it's through nepotism CVC cough cough)

1y 
riskymanager, what's your opinion? Comment below:

I spoke to the interviewers about the fund and it seems to be more exciting stuff: direct lending with targeted IRR of 8-12% meaning a mix of senior, unitranche and some convertible debt. Is this considered more interesting than other fund mandates as it still has deep DD while also being focused on downside protection?

I'm just wondering if I should've just gone with IBD SA for a more 'varied' skill set in case I decide not to continue or don't convert to FT?

Also, I'm surprised I even got the role given my lack of experience and certainly no nepotism but I'm working hard to get up to speed before the summer.

  • 1
  • Analyst 1 in RE - Comm
1y 

If it's Bain good luck cause you're gonna need it lol

1y 
riskymanager, what's your opinion? Comment below:

Thank you for your wishes of good luck and although I'm not at Bain, I want to know what's going on over there?

  • Intern in IB - Gen
1y 

Lol I don't know any other large cap credit shop running summers but fairs.

Most Helpful
1y 
Pan European Monkey, what's your opinion? Comment below:

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