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£50k base for a random IB in London doesn’t sound shockingly low to me. There’s two things there: 1. Pay in general is lower in the UK than the US. The bank wi
by dan-robertson 6y ago
£50k base for a random IB in London doesn’t sound shockingly low to me. There’s two things there:
1. Pay in general is lower in the UK than the US. The bank will pay what they can get away with and there isn’t enough competition between banks/consultancies/tech/law to drive pay up. I wouldn’t be surprised if more competitive candidates got higher offers.
2. A lot of compensation can be made up in bonuses, though I don’t know what kind of bonus a junior analyst might get.