With the current exchange rates, a new analyst at certain firms in the us on USD110k earns approx GBP97.5k 😯😯 that’s more than a lot of b4 SMs in the Uk… when will we catch up even a little bit :(

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Never unless you work for MBB/PE/Big Law/Entrepreneur or family wealth

Salaries in UK will never compare to the States but life in London is much better from late 20’s/Early 30 onwards along with proximity to Europe

funny

I still don’t understand this logic 🧐

Pls fix.

I mean I wouldn’t worry about it unless you are spending a lot of time in the US? Salary compared to UK cost of living is the bigger issue.

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Only MBB analysts are making that much, it’s almost always a lot more than Big 4, even here

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OW is 110K starting (for new incoming class)

Maybe start by reversing brexit.

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The exchange rate however does reflect the strength of the underlying economy.

The worst part of this is that rates in London aren’t substantially cheaper than NYC rates. I don’t know where all that money goes, but certainly not staff salaries.

Uk salaries are low because money is being taken out of your paychecks that we pay for after we get ours. Such as when we need medical care, lots of $$$ leaves the pocket at once

I thought despite not having universal healthcare system, health cost in the US is still amongst the highest in the world, with health insurance at least being mainly burdened by employers?

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