Hey there! Sign in to join this conversationNew here? Join for free
    Offline

    16
    ReputationRep:
    (Original post by Matamaticas)
    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.
    Patently not a bonus if it's a set about of benefits that can be taken as cash. It's part of your package, but a bonus would be flexible and performance related.
    Offline

    3
    ReputationRep:
    JSC is 86k pro rata + relocation (summer)
    SIG is 80k pro rata + relocation (summer)

    Rumours it can be individually negotiated to an extent, as it comes up at interview. Unsure if it varies between first and final years.
    Offline

    3
    ReputationRep:
    (Original post by ollye)
    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
    lols definite BS. Market average base for 2nd year analysts is currently c.55k. No way a grad is making 58k base.

    Either you're lying, or whoever sets comp at your firm is a moron. I'm inclined to believe the former.
    Offline

    1
    ReputationRep:
    (Original post by samba)
    JSC is 86k pro rata + relocation (summer)
    SIG is 80k pro rata + relocation (summer)

    Rumours it can be individually negotiated to an extent, as it comes up at interview. Unsure if it varies between first and final years.
    Jane street is the ****. Too bad you have to be a genius to work there
    Offline

    17
    ReputationRep:
    (Original post by smashzeJ)
    Jane street is the shyt. Too bad you have to be a genius to work there
    ... Or good at probability.
    Offline

    1
    ReputationRep:
    (Original post by Noble.)
    ... Or good at probability.
    The no of imo medalists is too damn high
    Offline

    3
    ReputationRep:
    (Original post by Noble.)
    ... Or good at probability.
    Good at any sort of game theory, tech, or intelligence analysis really. I didn't learn so much about jane street, but at sig they are massively big on games, poker and sabermetrics [sports] for interns to get their teeth into. From what I garnered you don't really get into any real work (in either research or trading) and it's all fun and games. At jsc research & intelligence sit with tech though, so I imagine it's a bit different.
    Offline

    17
    ReputationRep:
    (Original post by samba)
    Good at any sort of game theory, tech, or intelligence analysis really. I didn't learn so much about jane street, but at sig they are massively big on games, poker and sabermetrics [sports] for interns to get their teeth into. From what I garnered you don't really get into any real work (in either research or trading) and it's all fun and games. At jsc research & intelligence sit with tech though, so I imagine it's a bit different.
    I interviewed with JSC at the end of my first year for trading, got to the fourth round and the interviews were entirely brainteasers and probability questions. It's a fun and challenging process, but it's pretty awful doing maths over the phone. I looked at SIG back then as well, it does look good - I may apply

    Have you got an offer for SIG?
    Offline

    3
    ReputationRep:
    (Original post by Noble.)
    I interviewed with JSC at the end of my first year for trading, got to the fourth round and the interviews were entirely brainteasers and probability questions. It's a fun and challenging process, but it's pretty awful doing maths over the phone. I looked at SIG back then as well, it does look good - I may apply

    Have you got an offer for SIG?
    Did you have the "internship opportunities smooth labour market transition blabla, we'd have to pay more full time if we take you as an intern. argue for being paid more than the basic expected" question (in the 3rd stage I think)?

    And aye. I actually think it's easier to get an interview than at a BB, as they have a more intelligent recruitment approach. It honestly feels more like a tech company than a finance one in many ways. Arguably it is.
    Offline

    17
    ReputationRep:
    (Original post by samba)
    Did you have the "internship opportunities smooth labour market transition blabla, we'd have to pay more full time if we take you as an intern. argue for being paid more than the basic expected" question (in the 3rd stage I think)?

    And aye. I actually think it's easier to get an interview than at a BB, as they have a more intelligent recruitment approach. It honestly feels more like a tech company than a finance one in many ways. Arguably it is.
    Haha, I didn't get that. I take it with SIG, given that you don't seem to trade for the first couple of years the bonus is non-existent (which would explain the particularly attractive base)?
    Offline

    3
    ReputationRep:
    (Original post by Noble.)
    Haha, I didn't get that. I take it with SIG, given that you don't seem to trade for the first couple of years the bonus is non-existent (which would explain the particularly attractive base)?
    Oh it's just a summer [non trader] job, not a full time position unfortunately! But yea, I think it's 2-3 years before you'd get to do 'real' trader work. One of the problems is that they all handle massive portfolios. One desk (of a couple of traders) can handle an entire market or more. Not sure what tech get paid, but traders/research/intel all get pretty much the same base whilst an intern.

    You save a fortune on suits anyway, given the casual dress code!

    http://www.sig.com/people/meet-assistant-trader/

    Read some of the others too, it's pretty cool.
    Offline

    12
    ReputationRep:
    (Original post by samba)
    JSC is 86k pro rata + relocation (summer)
    SIG is 80k pro rata + relocation (summer)

    Rumours it can be individually negotiated to an extent, as it comes up at interview. Unsure if it varies between first and final years.
    I thought Jane Street was H-F-T firm? They hire the top uni's quants if I am aware.
    Offline

    11
    ReputationRep:
    For my former employer - 1st year
    European MM IBD
    c. £50-5k base
    Bonus range £10-30k
    No sign on
    Offline

    0
    ReputationRep:
    (Original post by samba)
    JSC is 86k pro rata + relocation (summer)
    SIG is 80k pro rata + relocation (summer)

    Rumours it can be individually negotiated to an extent, as it comes up at interview. Unsure if it varies between first and final years.
    How did you get the numbers? I thought this is in USD...
    Offline

    3
    ReputationRep:
    (Original post by Hody421)
    I thought Jane Street was H-F-T firm? They hire the top uni's quants if I am aware.
    Sorry, didn't see this before. Market Making is HFT by definition.

    (Original post by gsmith93)
    How did you get the numbers? I thought this is in USD...
    Nah, it's like 140k or whatever in USD. Been >100k forever.
    Offline

    20
    ReputationRep:
    (Original post by sertur91)
    are you 100% sure of the UBS figure?



    as far as i know base salary is 45k almost everywhere for 1st year analyst in IB. obviously if you are including bonus the story changes.
    My friend has also confirmed to me UBS has gone up to 50k base Analyst 1 for S&T.

    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    Anyone know how the French banks (SocGen, BNP) pay?
    Offline

    11
    ReputationRep:
    (Original post by turnip2)
    Anyone know how the French banks (SocGen, BNP) pay?
    Street or slightly above.
    Offline

    0
    ReputationRep:
    (Original post by KLL)
    Street or slightly above.
    Thanks, so around 45k?
    Offline

    11
    ReputationRep:
    (Original post by turnip2)
    Thanks, so around 45k?
    Or above.
 
 
 
Poll
Do you agree with the PM's proposal to cut tuition fees for some courses?
Useful resources

Articles:

Guide to investment bankingGuide to consultancy

Featured recruiter profiles:

Deutsche Bank logo

Deutsche Bank is recruiting

"Thrive in an international banking environment"

Quick link:

Unanswered investment banking and consultancy threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.