This is where all the bankers live (and it's not West London) (2024)

This is where all the bankers live (and it's not West London) (1)

West London has normally been thought of as the residential hot-spot for bankers – but although it still houses the most wealthy people in London, the City folk have moved out.

City workers are now concentrated in the Isle of Dogsand fashionable Islington, according to data from salary benchmarking site Emolument.

Read more:Mapped: First-time buyer house prices in every London borough

Close to Canary Wharf, the Isle of Dogs has clearly become a favourite with City workers who don't want to pay the hefty price tagsattached to homes in Kensington and Chelsea.

This is where all the bankers live (and it's not West London) (2)

Young City workers looking to buy their first home would have to shell out £1.1m on average to nest in Kensington and Chelsea. A first-time buyer home in Tower Hamlets, however,costs an average £442,754. To find out the price of first-time buyer homes in every borough, here's amap.

Other popular locations for bankers included Battersea and Southwark, also quite close to the City or Canary Wharf.

Read more:Here is everything you need to know about house prices since Brexit

The most experienced bankers, however, do not mix with their younger counterparts, instead choosing places such as Belgravia, Pimlico, Holland Park, Notting Hill or Ravenscourt Park.

This is where all the bankers live (and it's not West London) (3)

Emolument said "such areas live up to a banker's idea of the perfect home: stunning Victorian houses with leafy gardens in quiet yet fashionable neighbourhoods."

Alice Leguay, Emolument'sco-founder, said: "London workers are famed for their fearless attitude to commuting. While some choose to spend a substantial part of their earnings living close or within Zone 1 – namely many foreign workers who prefer to make sacrifices in order to maintain a social life around other foreign professionals, or stay close to international schools – many will eschew cramped London for green spaces and a better quality of life."

This is where all the bankers live (and it's not West London) (2024)

FAQs

Where do all the bankers live in London? ›

Other popular locations for bankers included Battersea and Southwark, also quite close to the City or Canary Wharf. The most experienced bankers, however, do not mix with their younger counterparts, instead choosing places such as Belgravia, Pimlico, Holland Park, Notting Hill or Ravenscourt Park.

Where do finance workers live London? ›

As expected, the majority of senior bankers do have farncy West London postcodes, however, in terms of density, most bankers live East side in the Isle of Dogs area. This is closely followed by the Islington and Battersea areas.

Where do finance guys hang out in London? ›

Canary Wharf-based bankers drinking alone after work usually choose local bars like Smolensky's or First Edition. The Chelsea crowd will be seen at the Admiral Codrington, Cadogan Arms or The Anglesea Arms. For serious partying, anything goes. Aura, Mahiki, Cuckoo, The Box, Public....

Where can I meet investment bankers in London? ›

Where London Bankers Drink: 11 Bars That Buzz After Markets Close
  • The Ned. The Nickel Bar. Bar. ...
  • 1 Lombard Street. 1 Lombard Street. Bar. ...
  • The Guinea. Steakhouse. ...
  • Bellamy's. Bellamy's Restaurant. ...
  • The Connaught. The Connaught. ...
  • Madison Restaurant. co*cktail Bar. ...
  • Hawksmoor Wood Wharf. Steakhouse. ...
  • The Burlington Arms. The Burlington Arms.

What is the banking area of London called? ›

London's financial areas comprise Canary Wharf, the Square Mile, and Lombard Street. Canary Wharf is a modern district in the East End, characterized by impressive skyscrapers and serving as a global finance and commerce hub.

What is the famous bank Street in London? ›

Lombard Street (/ˈlɒmbərd, -bɑːrd/) is a street notable for its connections with the City of London's merchant, banking and insurance industries, stretching back to medieval times.

Where is the main financial district in London? ›

The co-location of business activities in Central London is perhaps most synonymous with financial services in the Square Mile, and more recently Canary Wharf.

Is there a financial district in London? ›

London's primary financial district is a city in itself, known as the City of London. Here, in an area that covers just 1.12 square miles, some of the biggest names in financial services cluster tightly together.

What is the financial hub of the world London? ›

London has been a leading international financial centre since the 19th century, acting as a centre of lending and investment around the world. English contract law was adopted widely for international finance, with legal services provided in London.

Where do finance people go out in London? ›

Exclusive Members' Clubs
  • The Ned – A former bank turned into an exquisite club with restaurants, bars, pools, and a gym. ...
  • Eight Moorgate – With breathtaking city views from its rooftop terrace and bar, this sleek financial district club provides excellent facilities for both work and leisure time.
Jun 23, 2023

Where do CEOs live in London? ›

The Top location home to the most CEOs is Westminster, with 6,010 living there. Coming in second is West Surrey (which includes Weybridge and Epsom) which has 5,510 CEOs, and Camden/City of London is in third with 4,830 CEOs living there (see table below).

What is the famous financial street? ›

Anchored by Wall Street, New York City has been called the world's most economically powerful city and leading financial center.

Who are the best bankers in London? ›

If the people below don't have longevity, no one does.
  • Dominic Lee, Goldman Sachs. ...
  • Michel Antakly, Morgan Stanley. ...
  • James Pearce, J.P. Morgan. ...
  • Marco Dion, J.P. Morgan. ...
  • Thomas Leake, Deutsche Bank. ...
  • Radovan Radman, Goldman Sachs. ...
  • Caroline Robinson, Exane. ...
  • Andrew Wood, Bernstein Research.
Apr 13, 2016

What city has the most investment bankers? ›

New York, New York, USA

New York City is typically considered the finance capital of the world. Many of the largest investment banks, including Goldman Sachs,14 Morgan Stanley,15 and Merrill Lynch,16 are headquartered in New York City. So too are several large banks, including Citigroup and JPMorgan Chase.

Where do most investment bankers go? ›

Investment banking exit opportunities
  • Private equity.
  • Growth equity.
  • Venture capital.
  • Hedge funds.
  • Corporate development & strategy.
  • Startups.
  • Tech companies.
  • MBA program.

Where is the London banking District? ›

Canary Wharf is a major financial and business centre in east London. Many of the tallest buildings are here with major banks having their headquarters here.

How much does a banker make in London? ›

How much does a Banker make over time in London, UK? Banker professionals in London, UK have a wide total pay range, between £21,839 and £287,703 depending on experience, with an estimated total pay of £62,613 following the average career path of a Banker.

Where in London is Goldman Sachs? ›

In 2019, Goldman Sachs prepares to take occupancy of Plumtree Court. The firm's new European headquarters brings three London offices together under one roof, with a focus on creating a space that fosters productivity and connectivity and achieving a BREEAM rating of Excellent for its sustainability.

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