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    (Original post by Freda49)
    Well Barclays has already upped from 43k to 50k, so it'll be pretty interesting if the rest of the banks follow. Saying that, this is just for interns. As of a few weeks ago, the full timers hadn't heard anything. But I agree, if there's enough of a critical mass, they'll all be forced to follow.
    That's interesting, but historically Barclays has always paid the best in London for BASE + SIGNING.

    The problem with Barclays is that the Tier 1 banks know they're way better than Barclays.
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    Firm: US Elite boutique
    Summer/Full-Time: FT
    Division: IBD
    Sign-on: GBP5k
    Base: GBP45k + 10k in RSU
    Bonus range: in line with US offices
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    (Original post by surfmonkey)
    Firm: US Elite boutique
    Summer/Full-Time: FT
    Division: IBD
    Sign-on: GBP5k
    Base: GBP45k + 10k in RSU
    Bonus range: in line with US offices
    Nice

    Can you offer any more insight into what RSU is and what this consists of
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    Firm: Citigroup
    Summer/Full-Time: Summer
    Division: Sales and Trading
    Sign-on:
    Base: GBP45k ( I imagine pay will be more in the US)
    Bonus range:
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    (Original post by tamintl)
    Nice

    Can you offer any more insight into what RSU is and what this consists of
    restricted stock units
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    (Original post by Oschene23)
    Summer figures for 2015 for IBD: (pro rata) that I know of:

    JPM £42k
    Nomura £45k
    UBS £50k


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    UBS figure seems high, they're paying their quant trader grads on (one of their) top teams 45k + signing + bonus


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    (Original post by popo123)
    UBS figure seems high, they're paying their quant trader grads on (one of their) top teams 45k + signing + bonus


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    Well that's a confirmed figure. Maybe its because trader bonuses can be far higher than the IBD guys?
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    (Original post by tamintl)
    I noticed that most banks upped their analyst pay in the US to $85,000 Base. It's really annoying how London hasn't done the same, period.

    All it takes is one tier 1 bank to up it and all the others will follow. That's what happened in the US - BAML upped to 85 and everyone else followed like sheep. Hopefully it happens in the UK.

    BAML has also confirmed that 1st years get £50k in UK. So I guess its just a matter of time before the others also confirm.
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    (Original post by tamintl)
    Hi all,

    I think it would be very useful to have a thread that outlines the compensation packages this year. Obviously, hearing from people who have seen contracts would be best. To keep it structured, it would be best to use the following:

    Firm:
    Summer/Full-Time:
    Division:
    Sign-on:
    Base:
    Bonus range:

    I'll kick it off...

    Firm: RBS
    Summer/Full-Time: Full Time
    Division: Debt Capital Markets
    Sign-on: £0
    Base: £46,500
    Bonus range: £0-£5000

    All the best!

    ayyy, good thing I didnt take my RBS offer then
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    (Original post by MAINE.)
    ayyy, good thing I didnt take my RBS offer then
    Yeah likewise. RBS is a shambles

    (Original post by CountInFives)
    BAML has also confirmed that 1st years get £50k in UK. So I guess its just a matter of time before the others also confirm.
    Ahh it's a bit annoying that I'm starting this year as the change won't come into affect before I start
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    (Original post by tamintl)
    That's interesting, but historically Barclays has always paid the best in London for BASE + SIGNING.

    The problem with Barclays is that the Tier 1 banks know they're way better than Barclays.
    I think Barclays move goes in the right direction. the last 12 month have been a nightmare for the bank. huge cuts in the Investment Banking and WM divisions, plenty of senior management gone. I also heard from a classmate who interned there last summer that culture and "atmosphere" did not seem great over there (but that is just an isolated opinion of course).
    They need to offer something more to attract new talent, someone is even starting to question the BB status of Barclays.

    (Original post by CountInFives)
    BAML has also confirmed that 1st years get £50k in UK. So I guess its just a matter of time before the others also confirm.
    Credit Suisse grads starting summer 2015 will get 45k+6k sign-on. no idea of yearly bonus. it would be interesting to know what CS 2015 summer intern will get.
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    (Original post by Liamp487)
    Firm: J.P. Morgan
    Summer/Full-Time: Summer
    Division: Finance, based in Bournemouth (London salaries may be higher)
    Sign-on: £1000 relocation allowance
    Base: £26,000 pro rata
    Bonus range: N/A for internship
    I just wonder, which uni did you go to?

    and, was the base paid within 4-5 months?
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    (Original post by Hody421)
    I just wonder, which uni did you go to?

    and, was the base paid within 4-5 months?
    I go the University of Southampton.

    The internship is for the coming summer (2015) so I have not been paid yet haha
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    Do Summer interns get a bonus? if so how much and do they vary a lot from bank to bank?
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    (Original post by adsj)
    Do Summer interns get a bonus? if so how much and do they vary a lot from bank to bank?
    No - interns usually are not entitled to bonuses but you might get a relocation allowance.

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    (Original post by adsj)
    Do Summer interns get a bonus? if so how much and do they vary a lot from bank to bank?
    Yeah no bonus but around 1k of relocation allowance is the norm.


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    I get an additional 15% on my pro-rated salary, which I can take as cash or 'benefits' - whatever that is. Basically a bonus...RBS Markets summer internship, by the way.
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    Firm: MM Boutique
    Summer/Full-Time: FT
    Division: IBD
    Sign-on: GBP5k
    Base: GBP58k
    Bonus range: no guidance but expect about 30-50% of base
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    (Original post by tamintl)
    Hi all,

    I think it would be very useful to have a thread that outlines the compensation packages this year. Obviously, hearing from people who have seen contracts would be best. To keep it structured, it would be best to use the following:

    Firm:
    Summer/Full-Time:
    Division:
    Sign-on:
    Base:
    Bonus range:

    I'll kick it off...

    Firm: RBS
    Summer/Full-Time: Full Time
    Division: Debt Capital Markets
    Sign-on: £0
    Base: £46,500
    Bonus range: £0-£5000

    All the best!
    Mate that seems different to what friends have received in RBS for Capital Markets Graduate - More like £45k base + 15% benefits fundings, which can be taken as cash and brings you base to around c.£52k + £6k sign-on
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