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London drinks or more than NY !!! Agree?
Currently at one of the Big 3 Japanese banks (MUFG, Mizuho, SMBC) in debt capital markets and might have an opportunity to join the Capital Markets team at Wells Fargo (all in London). What are the thoughts reputationally on WF vs the Japanese banks in EMEA? Also if anyone has any insight into promotions (ability to go up the ranks faster in WF) and salary what would be super helpful! Wells Fargo Mitsubishi UFJ Financial Group, Inc.
Don't mind using my real name
Junior associate ? If so probably in the region of ~£85-90k base, and more or less 75-100% bonus on top of that if you have a decent year. Depends massively on the fund though. Also heard some people have very small carry as associate but it is relatively rare I believe.
I have friends in PE on as low as 40k, just be prepared- salaries are around 30% lower than US!
For PE at junior level you are probably right indeed, as it is more attractive than going into a big bank and they know it. As such they might afford to pay a bit less at junior level. That will more than offset in just a few years anyways.
Thanks for the responses. Any insight into hiring outlook over the next 12 months? Have firms been fundraising?