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London banking salaries: analysts, associates, VPs

What's the going rate in terms of salary for junior bankers in the City of London now? 

For anyone who has lost track of current base pay in London for juniors, we have the chart below, based mostly on pay data from recruitment firm Pearse Partners. 

It shows surprising uniformity in salaries for analysts and associates, with a few quirks here and there. Deutsche Bank salaries, for example, look surprisingly low at analyst level and yet surprisingly generous for third year associates. Morgan Stanley continues to dominate with unusually lavish salaries for VPs...

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AUTHORSarah Butcher Global Editor
  • Cu
    Curious in IT
    10 May 2023

    Hi There, Does anybody know how this pay structure sits within IT Teams in London based Investment Banks? e.g. Service Management, Disaster Recovery or Change Management?

  • St
    Stillhere
    4 May 2023

    Is this for all front office or just IBD or are both the same?

  • La
    Laughing Stocks
    18 April 2023

    Looks like I'll be off to Morgan Stanley then...


    https://www.efinancialcareers.com/jobs/at-morgan-stanley

  • St
    StrangeTamer
    17 April 2023

    Glad that a recruitment agency data is used rather than Glassdoor. Any idea about the bonuses though?

  • [Deleted]
    17 April 2023

    [Deleted]

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