Compared to NYC, how much do US associates in London come ahead after all tax considerations? I love London (have lived in college) and would love to work there for 2-3 yrs and come back. But I also heard you have to do HY capital markets (or PE funds) in London. I’m in general corp (mostly m&a) and hate m&a. But I’m concerned about the limited exit options as a HY cap market (or even funds) associate down the road.

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Honestly confused by the questions. London associates do not come out ahead of NYC ones typically - but tax rates etc are publicly available so you’d have to do your own calculations. Salaries are sometimes - rarely - at NYC rates; mostly still mid-Atlantic (but, again, publicly available at least up to 6PQE or so).

As for practice areas - you can do anything international: CM, M&A, funds, banking/finance even.

What sort of exit are you hoping for? If you mean in-house, PE Funds has HUGE exit potential (both into banks/asset management and buy side); CM into banks etc; M&A into everywhere…

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They most certainly do. I spent some time as a HY NY qualified associate in the London office of my firm and was getting about $70k over cravath scale plus all special bonus matches.

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Plus they make cost of living adjustments on account of London's high cost of living. Not entirely sure how the taxation works out but I heard it takes quite a bit out of the increased pay. Plus if you're a us citizen or resident, you still get tUS fed taxes

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