Hi guys,
As there is a lot of data regarding salaries in the US, I was wondering what were the salaries like in London ?
I know that Citi and CS pay both £60k base for AN1 but have no clue about bonuses (any input welcome). Evercore pays around £80k base with signing bonus for AN1 also.What about other BB/EBs ?
Any data welcome.
| +134 | How to stop feeling like shit for not making it in IB? | 52 | 40m | |
| +99 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 46 | 46s | |
| +65 | Updated LA Banking Scene (2024) | 49 | 2h | |
| +54 | Why Is It Called Investment Banking? | 19 | 11h | |
| +38 | Ranking banks that went under | 19 | 6h | |
| +31 | UBS Actual Buyside Exits 2024 Post-Integration | 9 | 2d | |
| +29 | A strategy for SA applicants late to the game like myself | 12 | 10h | |
| +28 | Relevance of A-Levels for U.K. London recruiting | 21 | 45m | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 1d | |
| +24 | Burnt Out M&A ASO | 10 | 11m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
William Blair pays 70k base for 1st years
bump
For AN1 you can expect £55-65 base + 80-100% bonus for all BBs. EBs vary a bit more and MMs are a tad below BBs for base.
Thanks a lot for the information ! Do you know how the comp is for EBs ?
This is accurate. All in comp (base+bonus+sign on), AN1 at BB could expect to clear 110k and at an EB, up to 145k. Highest base on street is PJT, PWP and MS at 70k with the former two known for paying 100% bonuses for top performers
Just for some background: this info is only true since the latest pay raises and not sure how sustainable % bonus really is. Don't forget that top bucket at GS for An1 and An2 fairly consistently was 70-80% until 2019, getting you to max £90k all-in (An1), with a drop to 60-70% in 2020 (£85k all-in, An1) (though much lower median across buckets) in 2020. 2021 might to some extent prove to be an outlier.
London salaries are a joke. Don’t depress everyone by asking for numbers.
It's depressing to receive £130K all-in EB comp first year out of uni?
Actually £130K might be quite a big understatement...
Always this kind of comment on London salaries not understanding purchasing power parity. Sure, it’s not exactly 1-to-1, but not nearly as bad as nominal exchange rates suggest. However, if you’d do the Big Mac calc, it is in fact 1-to-1 in purchasing power terms.
I'd also suggest the holiday differential is a big balancing factor tbh
I did the calculations. After tax your taking a 30-50% cut from NYC take into account purchasing power of the pound is lower than the dollar with it expected to lose an extra 10-15% in value this year alone, that isn’t very good.
For AN1 my BB is paying 70k base + 5K sign on + 55k bonus
That’s pretty decent but the income tax will kill you.
Let's see whether salaries stay at this level as in bonus %. I honestly doubt it.
Don't forget this is as much as an Associate 1 was making at GS and most other BBs in 2019 and 2020. Quite the good time to join banking (and a very shit deal before).
If Evercore really at 80k base? Crazy
Unless something has changed very recently (i.e. last 2 months) EVR is not base £80k in London for AN1. It is £63k.
Makes more sense, thanks!
What is Barclays/HSBC analyst salary and bonus?
Commodi beatae quia eos perferendis. Dolorem aliquam omnis distinctio asperiores ex enim aut. Voluptatibus quasi est qui quia ipsam. Molestiae deleniti deserunt unde corrupti cumque non accusantium.
Totam eos eos in voluptas recusandae voluptates nemo voluptatem. Id ut pariatur culpa facilis rerum quia. Iure omnis et non quod.
Cupiditate id reprehenderit sint aspernatur cum et. Sit molestiae neque maiores in. Eos minima ut voluptatem et non illum. Delectus quod ab et vitae et reiciendis. Consequatur id dolorem ut expedita. A rerum dolore eveniet earum aliquam. Cum quia recusandae laborum aut placeat accusantium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Et quasi repudiandae recusandae tempore nemo eum tenetur. Soluta tempore et nihil qui consectetur asperiores. Ea mollitia perferendis nulla totam inventore quo nemo assumenda.