London MF Analyst Comp

Curious what Analysts are getting in comp for Yr 1 and 2 in London working at megafunds. Is it around 65k? Would love to hear what base is and what you can expect as bonus. The salary reports aren't updated since 2021 saw huge bumps. If you could post what you do too (healthcare, generalist, infra, re, credit, etc.) Thanks!

Comments (59)

  • Associate 1 in HF - Event
Jan 12, 2022 - 1:17pm

Yes. Base at Blackstone for analyst 1 is now £80k. Given they also get a 10k sign on and bonuses are usually around the 100% mark you can see how this range is feasible. The new associate base is £125k. SilverLake have also bumped their salaries to put them in a similar range.

  • Prospect in IB-M&A
Jan 12, 2022 - 1:26pm

Wow. Is that for corporate PE or all investment seats?

Any idea on comp figures for Apollo, Carlyle, Brookfield, KKR, and Oaktree? Again on Analyst comp.

  • Prospect in IB-M&A
Jan 18, 2022 - 2:58am

Surprising if true, have heard KKR London PE pays GBP65k for A1, hard to imagine why it would be such a huge discount compared to GBP80k at BX 

  • Analyst 1 in PE - LBOs
Jan 14, 2022 - 4:36pm

Where did you get this figure because it is blatantly false. It was £65k before and now has gone above the range you quoted with a 100% bonus

  • Intern in IB - Gen
Jan 12, 2022 - 3:43pm

Why do London salaries always seem so much lower than NY (yes I did account for the currency difference)

  • Prospect in PE - LBOs
Jan 13, 2022 - 2:30pm

In general, should a MF analyst expect to be paid more than an BB ibd analyst? For pe, infra, re, and credit…comparing the asset class groups to the same coverage at ib btw. Thanks

  • Prospect in IB-M&A
Jan 14, 2022 - 3:26pm

Curious on this as well. I've heard some pe funds pay less for the opportunity to go buyside right away? But then places like BX pay 140 all in?

  • Associate 1 in PE - Other
Jan 14, 2022 - 3:56pm

For smaller funds that can be true. Large cap funds will usually pay in line or above banks given they want the best talent. And even  if they were slightly below, everyone would still take the buyside offer.

  • Prospect in IB-M&A
Jan 14, 2022 - 5:12pm

Thanks for letting me know. Another question, does intern base pay and analyst differ usually, or is it reflective of analyst base?

  • Intern in RE - Comm
Jan 16, 2022 - 3:55am

Depends on the firm. Best way to tell is the title: if it says "Summer Analyst", will be A1 base and if "Intern", will be below A1 base. Speak from experience on this one

  • Prospect in IB-M&A
Jan 16, 2022 - 4:00am

You have no idea how relieved and hopeful I am that this holds true for me too. Got my intern salary 20-25% below what I think is London IB market base pay at a MF, was a bit tough to swallow

  • Intern in RE - Comm
Jan 16, 2022 - 4:01am

Haha can relate bro, getting underpaid as shit in my current internship but same base as AN1 for my MF gig

  • Analyst 1 in IB-M&A
Jan 14, 2022 - 4:55pm

Sorry, quick question - when you guys say analyst 1 and 2 at MF, you mean those that came from IB right? Not the fresh grads that BX has

  • Prospect in IB-M&A
Jan 14, 2022 - 5:16pm

I meant fresh grad. Although for BX specifically, I heard people who lateral in often have to take a title wise for a few months or a year. Ex. If you're done two years as an analyst in ibd, you might be an anlayst for a half year at bx before getting the bump to associate. I could be wrong, but this was from someone within the company.

  • Associate 1 in PE - Other
Jan 18, 2022 - 6:21am

Can confirm this is correct. Assuming you join after 2y in banking, you will need to wait for another half year until promoted at BX due to their winter bonus / promotion cycle.

  • Intern in IB - Gen
Jan 17, 2022 - 9:17pm

Make sure you know what you're getting into…some of these so called private credit guys just invest in bank debt that meet their return requirements. This is not a bad seat, but it can get pretty fucking boring pretty fucking quickly. If they do direct lending, this might be a bit more interesting but to my knowledge most of the pure play direct lenders don't take summer interns (and definitely not penultimate year undergrads unless it's through nepotism CVC cough cough)

Jan 18, 2022 - 5:30am

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  • Analyst 1 in RE - Comm
Jan 18, 2022 - 5:47am

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