Anyone know starting salaries (base + %) for BB AM arms vs Pure AMs in London? Heard BlackRock summer interns only got 38k pro rata

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I used to work entry level in another large asset manager and I think even assistants were paid more than 38

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Yeah, 38k seems rather low... I would assume ~45k starting + 20% bonus is the average at BBs? I really can’t find any reliable salary info for the any div in UK except for IBD

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BlackRock in particular focuses on total comp vs base only, so that number might be right (and then they make up for it on the back end)

Ah right... but do you know generally what BBs pay at junior levels in AM divs? Because if BlackRock pays that amount, then I’m assuming BBs actually pay more than BlackRock? (until PM-level maybe?)

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