London Salary Master Thread 2026
Hi all, I would like to get a sense of salary ranges in London and have it as reference.
It would be great if you could share:
- Desk / function
- Level
- Base + bonus (or total comp if easier)
- Years of experience (optional, but helpful)
- Firm (if willing to share)
Breakdown by level:
Analyst:
Associate:
Senior Associate:
Vice President:
I know comp beyond VP can vary quite a bit, so I’ve left that out, but feel free to include if you’re happy to share.
Would update the post periodically.
Thanks in advance!
Based on the most helpful WSO content, here’s a breakdown of salary ranges in London for Investment Banking as of 2023. While this doesn’t cover 2026 specifically, it provides a solid reference point:
Breakdown by Level (Total Average Compensation):
Analyst:
Associate:
Vice President:
Director/Managing Director:
Intern/Summer Roles:
Notes:
For more detailed or updated information, you might want to check out specific threads or reports on WSO.
Sources: Entry level salaries low in London, London S&T Salary progression, London SA 2023 Compensation, London 2024 SA timeline
I’ll kick you off.
Desk / function: Growth Equity
Level: Associate 1
Base + bonus: £100k + £100k
Years of experience: 3.5
Firm: MF
Unsure of other levels’ salaries.
Desk: Private Equity
Level: Senior Associate
Base + Bonus: £165k + 100-150% bonus
Years of experience: 4
Is this MF / UMM / MM?
UMM/MM (3-5bn fund size)
Desk: Fixed Income trading
Level: New grad
Base+Bonus: Sign-on £6k, starting salary £65k, expected all-in first year ~£90k
Years of experience: 0 (starting July 2026)
Firm: European Bulge Bracket
Did you have snt internships? If not, how did you break in? Care to share which bank?
Converted from summer and all Euro BBs pay the same base salary and sign on as far as I'm aware :)
Very tough without summer, the two people I know on my grad program who aren't from the internship 1) did an s&t internship at a lesser bank, got the return, and then rerecruited to my bank and 2) Has two other non S&t but still very impressive internships and has top % grades from a target in a highly relevant subject
Can confirm this is accurate for Barclays (not sure about DB/UBS)
I am at one of the others!
Desk: Private Equity (European Large-Cap)
Level: Associate 2
Base: £135k
Bonus: 80-95%
Desk: BB Middle Office
Hours are ~40 pw
Level: Analyst 1
Base: £45k
Bonus: 10-20%
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