London S&T Comp Progresssion
Hey all,
I'm completing an S&T internship at a BB this summer in London, and was wondering about what I should expect compensation wise after graduation
- For graduate roles, what should I expect in terms of sign-on/base/average bonus?
- This article (https://www.efinancialcareers.com/news/2023/04/trading-pay-europe) states for TC:
- Analyst 1/2/3 - £80/97/110k
- Associate 1/2/3 - £140/162/190k
- VP 1/2/3 - £210/280/350k
- Is this vaguely accurate - I'm aware the article is almost 2 years old.
Thanks for your help and have a lovely week.
Based on the most helpful WSO content, here's what you can expect for S&T compensation progression in London:
Analyst Level (1/2/3):
Associate Level (1/2/3):
VP Level:
The figures from the eFinancialCareers article you referenced are slightly on the higher end but not entirely unrealistic for top-tier performers at leading banks. However, keep in mind that compensation can vary significantly based on the bank, desk performance, and market conditions.
For graduate roles, you can expect: - Sign-on bonus: Typically around £5k-10k. - Base salary: Around £50k-60k. - Bonus: Performance-dependent, but first-year bonuses are generally more modest compared to later years.
Let me know if you need further insights or tips for your internship!
Sources: Sales and Trading - A Comprehensive Guide, https://www.wallstreetoasis.com/forum/trading/compensation-at-oil-majors-and-physical-houses-for-traffic-desk-and-traders?customgpt=1, Fixed Income Sales and Trading 101, London S&T Salary progression, Investment Banking in London (EMEA) - Strongest Players, League Tables, Salaries, Differences...
Bump, any insights would be appreciated!
Sounds about right from my experience, VP is the first non up or out level so you have people that stay there forever. As such, the comp here is meaningless, it can be 200k for a first year VP in a bad year up to close to a million for a senior VP in a good desk that had its best year ever.
For junior levels the ranges are pretty accurate.
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