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Comments (30)

Nov 26, 2021 - 9:11am

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

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  • Associate 1 in PE - Other
Nov 26, 2021 - 10:31am

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.

Nov 26, 2021 - 10:29am

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.

  • Associate 1 in PE - Other
Nov 27, 2021 - 6:15am

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).

  • Analyst 1 in IB-M&A
Nov 27, 2021 - 11:00am

Unless something has changed very recently (i.e. last 2 months) EVR is not base £80k in London for AN1. It is £63k.

  • Analyst 3+ in IB - Cov
Dec 3, 2021 - 8:47am

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Total Avg Compensation

December 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (236) $235
  • 2nd Year Analyst (145) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (515) $136
  • Intern/Summer Analyst (396) $84