- UK
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Our 2025 Summer Cycle Investment Banking Compensation Report offers one of the most comprehensive guides to Analyst and Associate pay, drawing on over a decade of research and insights from more than 110 professionals across the bulge bracket. Crafted for finance leaders navigating a rapidly changing industry, it delivers actionable intelligence on salaries, bonuses, hiring, and retention.
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Following two years of subdued deal flow and restrained bonus pools, 2025 has begun with signs of cautious recovery in global investment banking. This report provides:
Detailed salary and bonus benchmarks for Analysts and Junior Associates across leading firms, including Goldman Sachs, J.P. Morgan, Citi, Morgan Stanley and Bank of America.
Year-on-year compensation comparisons highlighting where pay has risen, remained flat, or declined.
Bank-by-bank analysis on ranking systems, retention strategies, and performance-based differentiation.
Forward-looking commentary on M&A and ECM activity, and the likely impact on compensation through 2026.
Professional sentiment insights from over 110 bankers, including buy-side migration trends and retention challenges.
Whether planning your next career step, negotiating compensation, or wanting to keep informed, this report offers you a clear, data-driven path through the complex world of investment banking.
