The new salaries for investment bankers in London, by bank (2024)

FAQs

How much does Bank of America pay investment bankers London? ›

The estimated total pay for a Investment Banking Analyst at Bank of America is £80,000 per year.

The average salary for Investment Banking Associate is £97,828 per year in the London. The average additional cash compensation for a Investment Banking Associate in the London is £57,343, with a range from £21,713 - £151,440.

The average salary for Investment Banking Analyst is £61,313 per year in the London. The average additional cash compensation for a Investment Banking Analyst in the London is £28,930, with a range from £10,262 - £81,554.

The new salary and bonus report from recruitment firm Dartmouth Partners suggests that while first year analysts at Goldman Sachs are now paid the most in London, they're closely followed by the first years at Bank of America and Credit Suisse.

The average additional cash compensation for a Investment Banking Vice President in the London is £84,471, with a range from £6,587 - £1,083,326. Salaries estimates are based on 20 salaries submitted anonymously to Glassdoor by Investment Banking Vice President employees in London.

A new salary and bonus survey from London recruitment firm Dartmouth Partners says VPs at major banks in London can now expect an average salary of £167k ($218k) plus an average bonus of £228k.

Investment Banking Analyst salaries at Wells Fargo can range from £58,593 - £73,733.

Average starting salaries for corporate investment bankers are around £30,000 to £40,000. In the larger banks this may be more. After three or more years, this rises to between £50,000 and £70,000. Those with significant experience may earn a base salary of £150,000 to £165,000.

What is the starting salary for banker in London? ›

Banker Salaries in London, United Kingdom

The average salary for Banker is £46,861 per year in the London, United Kingdom. The average additional cash compensation for a Banker in the London, United Kingdom is £15,514, with a range from £1,231 - £1,95,589.

Analyst salary in the United Kingdom – The average base salary for investment banking analysts in London is around £50,000 to £60,000. Bonuses can range from £30,000-£35,000 per year for analysts. With a few years of experience, one can expect to earn bonuses worth up to £50,000.

The average salary for Investment Banking Managing Director is £230,618 per year in the London. The average additional cash compensation for a Investment Banking Managing Director in the London is £158,713, with a range from £53,074 - £474,618.

The average salary for Junior Investment Banking Analyst is £60,669 per year in the London. The average additional cash compensation for a Junior Investment Banking Analyst in the London is £24,118, with a range from £5,652 - £102,910.

Investment Banking Analyst salaries at Deloitte can range from £35,250-£57,619.

Which is the hardest investment bank to get into? Goldman Sachs is notoriously difficult to get into. One statistics recently rolled out was that it received 100,000 applications for just 2,300 global internship positions. This means that it received 24 applications for every job it posted.

Meanwhile, when it comes to high level bankers that have climbed the career ladder, South West London is the most popular location. Specifically, Belgravia, Pimlico and Notting Hill were fund to be prime areas, with homes possessing gardens, as well as a mix of quiet yet fashionable neighbourhoods .

Barclays is the best investment bank in the UK. Indeed, it is one of few European banks capable of competing with the big five US based firms that dominate global investment banking, thanks to the old Lehman business.

Vice President salaries at J.P. Morgan can range from £47,517 - £9,17,314 per year.

In 2020/21 the average bonus in the finance and insurance sector was £14,800, but in 2021/22 it had risen to £19,950 – an increase of £5,000. The analysis shows that average City bonuses have doubled in cash terms (+101%) since 2008.

How much does a VP at HSBC investment banking earn in London? ›

The estimated total pay for a Vice President at HSBC is £117,865 per year.

The average Bank of America salary ranges from approximately £29,474 per year for Operations Analyst to £136,629 per year for Director. Average Bank of America hourly pay ranges from approximately £9.46 per hour for Service Technician to £11.55 per hour for Banking Advisor.

Average Bank of America Investment Banker yearly pay in the United States is approximately $233,566, which is 188% above the national average.

In short, UK salaries tend to be lower than the UK due to a number of factors. These include pension benefits, holiday benefits, and, most significantly, healthcare and social welfare. In the UK, we pay higher taxes because a number of things in the UK are subsidised or free, such as healthcare.

Investment Banking VP Salary (and Bonus)

Base salaries at large banks range from $250K to $300K USD, with total compensation in the $500K to $900K range (as of 2022).

£58,593 - £73,733

The typical Wells Fargo Investment Banking Analyst salary is £65,000.

How much does an MD at Barclays earn in London? ›

Managing Director salaries at Barclays can range from £139,014 - £325,300 per year.

How much does a Vice President at J.P. Morgan make? The typical J.P. Morgan Vice President salary is £1,02,538 per year. Vice President salaries at J.P. Morgan can range from £47,517 - £9,17,314 per year.

Overall, the highest bonuses were found in the manufacturing-and-production sector, at an average £5,854, or 12.7% of the average basic salary. The average bonus in private-sector services was £4,948 (11.9% of salary), and just £1,622 (4.2% of salary) in the public sector.