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There was a post with comprehensive data on London MM comp. £160k total seems quite standard for associates with £180 to be the higher end.
Yes, would say £160k (assuming £80-90k base, with ~80-100% bonus, no carry) seems very market for London based MM. In general, you should expect a discount to BB/EB associate total comps for MM, with the exception for some UMM funds
£160k as VP is definitely underpaid. What is the associate offer even?
I think OP meant £160k for associate, and carry from VP above (which seems very market to me)
Yeah that makes more sense now that you say. I think £160 is okay but large cap land has definitely moved on pretty much across the street so it seems the pay disparity is growing
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This is correct. Some funds may offer a little bit of carry at Associate level - but usually at the cost of a lower bonus (so say ~£140k all in but maybe 50 bps of carry).
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