Investment Banking Analyst Salary Index Statistics

Whilst how much you are going to be paid shouldn’t be the sole factor in deciding which banks to apply to, it’d be pretty naïve to say that salaries aren’t important – particularly in the high rolling world of investment banking. So how much are you going to earn as an investment banking analyst?

According to the AGR, the average starting salary for graduates working at blue chip companies is £26,000. Including bonuses, a first year investment banking analyst earns more than double this. In 2007/2008, first year base salaries were at £36,000 (not including bonuses).

According to a survey by recruitment company Dartmouth Partners, in 2011/2012 this had risen to a base pay of £45,000. Add on bonuses and first year analysts are apparently earning anywhere between £57,000 and £74,000.

You can see the findings of Dartmouth’s survey below.

N.B. Dartmouth Partners compiled the results by talking to a sample of analysts across different banks. Naturally, the survey findings shouldn’t be taken as gospel and salaries may differ from those below.

Analyst (1st year)

BAML

£45,000 (Base)

£20,000 (Mean Bonus)

£65,000 (Total Mean)

BarCap

£45,000 (Base)

£28,000 (Mean Bonus)

£73,000 (Total Mean)

Citigroup

£45,000 (Base)

£16,000 (Mean Bonus)

£61,000 (Total Mean)

Credit Suisse

£45,000 (Base)

£29,000 (Mean Bonus)

£74,000 (Total Mean)

Deutsche

£45,000 (Base)

£18,000 (Mean Bonus)

£63,000 (Total Mean)

Goldman Sachs

£45,000 (Base)

£20,000 (Mean Bonus)

£65,000 (Total Mean)

JP Morgan

£45,000 (Base)

£22,000 (Mean Bonus)

£67,000 (Total Mean)

Macquarie

£45,000 (Base)

£12,000 (Mean Bonus)

£57,000 (Total Mean)

Morgan Stanley

£45,000 (Base)

£24,000 (Mean Bonus)

£69,000 (Total Mean)

Nomura

£45,000 (Base)

£22,000 (Mean Bonus)

£67,000 (Total Mean)

Rothschild

£45,000 (Base)

£12,000 (Mean Bonus)

£57,000 (Total Mean)

UBS

£45,000 (Base)

£21,000 (Mean Bonus)

£66,000 (Total Mean)

Analyst (2nd year)

BAML

£50,000 (Base)

£35,000 (Mean Bonus)

£85,000 (Total Mean)

BarCap

£50,000 (Base)

£32,000 (Mean Bonus)

£82,000 (Total Mean)

Citigroup

£50,000 (Base)

£33,000 (Mean Bonus)

£83,000 (Total Mean)

Credit Suisse

£51,000 (Base)

£35,000 (Mean Bonus)

£86,000 (Total Mean)

Deutsche

£50,000 (Base)

£33,000 (Mean Bonus)

£83,000 (Total Mean)

Goldman Sachs

£50,000 (Base)

£34,000 (Mean Bonus)

£84,000 (Total Mean)

JP Morgan

£50,000 (Base)

£37,000 (Mean Bonus)

£87,000 (Total Mean)

Macquarie

£52,000 (Base)

£26,000 (Mean Bonus)

£78,000 (Total Mean)

Morgan Stanley

£50,000 (Base)

£40,000 (Mean Bonus)

£90,000 (Total Mean)

Nomura

£52,000 (Base)

£31,000 (Mean Bonus)

£83,000 (Total Mean)

Rothschild

£55,000 (Base)

£26,000 (Mean Bonus)

£81,000 (Total Mean)

UBS

£50,000 (Base)

£27,000 (Mean Bonus)

£77,000 (Total Mean)

Analyst (3rd year)

BAML

£55,000 (Base)

£46,000 (Mean Bonus)

£101,000 (Total Mean)

BarCap

£57,000 (Base)

£54,000 (Mean Bonus)

£111,000 (Total Mean)

Citigroup

£57,000 (Base)

£49,000 (Mean Bonus)

£106,000 (Total Mean)

Credit Suisse

£55,000 (Base)

£49,000 (Mean Bonus)

£104,000 (Total Mean)

Deutsche

£57,000 (Base)

£52,000 (Mean Bonus)

£109,000 (Total Mean)

Goldman Sachs

£57,000 (Base)

£44,000 (Mean Bonus)

£101,000 (Total Mean)

JP Morgan

£57,000 (Base)

£49,000 (Mean Bonus)

£106,000 (Total Mean)

Macquarie

£60,000 (Base)

£40,000 (Mean Bonus)

£100,000 (Total Mean)

Morgan Stanley

£57,000 (Base)

£54,000 (Mean Bonus)

£111,000 (Total Mean)

Nomura

£60,000 (Base)

£39,000 (Mean Bonus)

£99,000 (Total Mean)

Rothschild

£62,500 (Base)

£38,000 (Mean Bonus)

£100,500 (Total Mean)

UBS

£57,000 (Base)

£39,000 (Mean Bonus)

£96,000 (Total Mean)

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