What are IB M&A salaries like in Austria?
I'm currently an M&A intern at a boutique IB in Austria, earning a pretty sh*tty wage (~1600 euros a month) and working around 50-60 hours a week. I'm curious whether this gets better later on, as I keep hearing these 100k salaries in the UK and the US.
Thanks
You're asking about salaries in Austria in your title but then are asking about salaries in UK and US. No wonder you're getting paid a shitty wage.
Wow. The "incoming cfa level 1 chartholder" title adds a little spice to your douchebaggery too.
What I meant was that I keep hearing about these 100k starting salaries in the US and the UK, while in Austria I'm getting a 1600 euro monthly salary (no bonuses ofc for interns). I was asking about Austrian M&A salaries because I would be surprised if an Associate at my firm earned even 70k based off of intern salaries.
Just to clarify for others: I'm not in a back-office, I'm an M&A intern.
US salaries are 90k +70-100% bonus (TC is 160-180k) UK salaries are like 90k pounds all in
Servas! Great to see a fellow Austrian here.
Never worked in AT myself but I'm not sure about salary progression.
Many reputable shops (i.e. BB/EB/strong MMs) cover Austria out of Frankfurt.
IICR their Frankfurt salaries range from EUR75k to +100k all-in. Austria should be a notch below IMO (think 10-20%). Big 4s though are notorious for their extremely low pay in Austria.
Hope that helps!
Thanks! Are those associate numbers?
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