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Diving into the London compensation for REPE analysts, based on the WSO Dataset, here's a breakdown to guide your expectations:

  • First-Year Analysts: The compensation landscape in London for REPE analysts can vary widely depending on the firm's size and the specific market conditions at the time. However, a general guideline can be drawn from a Q&A with a London REPE MF Associate. Initially, first-year IBD salaries were around £65k, but with adjustments, small funds might offer slightly less due to competitive pressures. This could mean a starting base of around £60k for a REPE analyst, with bonuses potentially adding a significant percentage on top of this.

  • Bonus Structure: The bonus for REPE analysts in London can be quite variable. For instance, the mentioned associate highlighted a bonus range of 70/100% for the second year, which could be indicative of the bonus potential in the market. While this specific data point refers to a more senior position, it suggests that the bonus as a percentage of the base salary can be substantial, even for analysts.

  • Market Conditions and Firm Size: It's important to note that the compensation can be influenced heavily by the size of the firm and the current market conditions. Larger firms or those with significant assets under management (AUM) might offer more competitive packages, including higher bases and bonuses.

  • Carry Potential: While carry (a share of the profits generated by the fund) is more common at the associate level and above, it's something to be aware of as you progress in your career. The initial roles might not offer carry, but it becomes a significant component of compensation as you move up.

In summary, while starting salaries for REPE analysts in London might be slightly lower compared to some investment banking roles, the total compensation including bonuses can be competitive. Keep in mind that these figures can fluctuate based on the firm's performance, the economic landscape, and your negotiation skills. Always consider the entire compensation package, including potential for growth, learning opportunities, and work-life balance, when evaluating an offer.

Sources: Q&A: London REPE MF Associate, REPE compensation, REPE is overrated, Let’s talk REPE Comp, Quitting to do REPE

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Which type of REPE specifically?  There is a large disparity between MF PEs, BB AMMM PEs, Pension Funds, and Development shops. MF PE and BB AM analyst starting pay are somewhat similar, 70-80k base + 50-100% bonus. Then there is a sharp decline when you look at MM PEs, Pension Funds, and development shops. Analyst base can be anything from 40-60k base + 10-50% bonus.

 

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