In a world where junior investment bankers hold ever more sway within the organisation, principally because so many firms are looking to hire them, it’s important to know your worth. While pay for analysts is relatively consistent among the top payers, there’s a great deal more variation across the associate ranks.
At least that’s according to new data from salary benchmarking website Emolument.com, which analysed the pay of 493 associates in the City of London. J.P. Morgan pays the most, it suggests, both in terms of salary and bonus (and obviously total comp), with a package of £155.5k, with Morgan Stanley and Goldman Sachs in second and third spots. While Deutsche Bank’s pay rise for analysts means it’s one of the best paying banks for this level, these figures suggest that it ranks sixth for associate pay. Barclays and BNP Paribas bring up the rear.