Different salaries within IB

I know that you shouldn't care about salaries but this is more about comparing the different roles within an Investment bank.

I was wondering what summer internships salary and also the salary as an analyst after university you would typically receive in the different areas. Such as IB, sales and trading etc.

I know that you shouldn't care about salaries but this is more about comparing the different roles within an Investment bank.

I was wondering what summer internships salary and also the salary as an analyst after university you would typically receive in the different areas. Such as IB, sales and trading etc.

ordinarily approx. GBP 45k base.

Whats the overall comp? 45k sounds really bad to me...for a year's work.

Everything is usually equal on both sides of the pond, so the 70K USD base is the norm. Bonuses were as low as 20K USD at some places, so your overall comp might not exceed 55 grand.

I really don't understand how £55,000 per year is low for someone who's just got a job. What were you honestly expecting?

When you work 70 hours on a good week and 100 on a bad week then 55,000 can be around £12 a hour where you can get £15+ in other industries.
However its all about you later years in IB

When you work 70 hours on a good week and 100 on a bad week then 55,000 can be around £12 a hour where you can get £15+ in other industries.
However its all about you later years in IB

100 hours a week sounds fairly unlikely unless you did some all-nighters. To be fair I do see the lights on through the night in the office blocks in the City so perhaps it's not that unusual. Still, £12 per hour is nothing to be sniffed at, considering in this economic climate a new graduate is lucky to even have a job in a position that suits their degree and potentially has good future prospects.

IF there are later years in IB.

You would be surprised by the hours. 100 hours a week can be standard depending on the company. 85 would be more likely overall.

Yeh I can see what you say £12 is good however when you are talking about people that are probably some of the most focused and intelligent people at the top courses in the country then it may be a bit lower than they wanted.

To me I would be happy with that (I think :P)!

If you want pay/hour tech is probably up there, a lot less stressful as well.

Even as a tech intern i was getting ~£25/hour. Hours are pretty standard, and unless you have a release then there's no need to work late. Then in 4,5,6 years time you become an contractor and get paid a crap ton (if you're so inclined)

Though in tech it's possible to get that not in a bank as well...

If you want pay/hour tech is probably up there, a lot less stressful as well.

Even as a tech intern i was getting ~£25/hour. Hours are pretty standard, and unless you have a release then there's no need to work late. Then in 4,5,6 years time you become an contractor and get paid a crap ton (if you're so inclined)

Though in tech it's possible to get that not in a bank as well...

Tell me more about this. I'm going to study Mathematics but I'm open to the idea of taking some discrete maths modules and teaching myself programming. Is this area of work something that might interest me? I haven't really thought much about what I might do after university, so I'm open to all kinds of ideas.

You got >£4K/month as a tech intern? Or did you work like 6 hours a day? Sounds unrealistic either way.

I really don't understand how £55,000 per year is low for someone who's just got a job. What were you honestly expecting?

I'm in a different situation to most on here, in terms of career prospects.

You are correct £55,000 is not low for someone who is employed in an entry level job, but to me it would be a huge step backwards. Also, after tax and NI you're looking at about £32k.