IBD Salaries in Madrid

dyba09's picture
Rank: Orangutan | 301

Hi all, does anybody know what salary should be expected for an IB Associate position in Madrid (let's say in M&A/Capital Markets). I presume it varies a lot between BBs and non-BBs but I have no direct information and what I have found on here is a bit outdated. Thank you!

Region: 
Other Western Europe

Comments (10)

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Apr 18, 2019

Bulge Bracket banks salaries in Continental Europe are aligned to London.
Base: Analyst 1 EU65K, Analyst 2 EU75K, Analyst 3 EU85K. Associate should follow the same trend but I have no direct information in EU.

    • 2
Apr 18, 2019

So that means someone in Madrid would be absolutely killing it considering huge cost of living difference vs London? That seems almost too good to be true.

Apr 19, 2019

that is true I believe.

Apr 19, 2019

Not much different from someone in NYC getting paid the same as someone in Chicago

Apr 23, 2019

Actually it's different for US banks. BAML JPM etc Analyst 1 base is 75

Apr 18, 2019

Indeed, but I heard similar numbers for Milan and Frankfurt at some of the BB so I think it is spot on. My personal feeling is that the gap BB vs non BB is way larger than in London (e.g. I don't think that Santander pay anywhere close to 85k for an analyst in Madrid). That's why I asked the question in the first place and it would be great if someone had some intel on non-BB banks or boutiques at analyst/associate level to have a more complete picture

    • 1
Apr 19, 2019

I know analyst in Madrid in IBD is 35k at Barclays. Don't know about associate

Apr 19, 2019

wow this is low :|

Apr 19, 2019

Hope he's got much better hours than in London otherwise it's not really worth it.

Apr 23, 2019
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