Hey, does anyone have any insights into the compensation for first-year BB AM in London?
I will be interning in an Equity fund within the bank and my internship reference salary is significantly below the IB reference salary
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Comments ( 7 )
Expect around £80-90k all-in.
so considering the lower bonuses in AM (more like 10-50%, correct me if I'm wrong) base should be 60-70k?
I don't think base is materially lower? I know 2 American AM firms on £65k for grads, and I believe UBS is £60k.
alright, thanks a lot!
Some banks just pay less for internships than they do at analyst level now.
I see, was just confused because at the same bank the IB internship reference salary matches AN1 - but glad to hear that that might not be the case for AM
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