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Based on the most helpful WSO content, here are the base salaries for different banks in London at the AS3 and VP1 levels:

AS3 (Associate 3) Base Salaries:

  • JPMorgan: £135k
  • Other Banks: Generally, the range is around £135k for AS3.

VP1 (Vice President 1) Base Salaries:

  • General Range: Typically, VP1 base salaries are well north of £120k. For top quartile VPs, the range can be between £400k-£500k, although this can vary significantly based on the bank and specific circumstances.

Additional Notes:

  • Variability: VP salaries can be quite variable and less structured compared to analyst and associate levels. Factors such as group performance, individual performance, and bank policies can influence compensation.
  • RSUs: At higher levels, compensation may include Restricted Stock Units (RSUs) in addition to cash compensation.

For more detailed and specific information, you might want to refer to the Wall Street Oasis Company Database or similar resources.

Sources: My bank pays everyone different, London S&T Salary progression, Base Compensation Increase | IBD | London, 2022 Consolidated US Investment Banking Base Salaries, Analyst pay increase: 95k base yr1

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