Average graduate salaries across London banking: The starting salaries across M&A, trading and institutional sales | City A.M.
Banking may be well paid, but even by its standards, some pay better than others.Now salary benchmarking site Emolument has assessed salaries from 338 recent graduates starting their careers in banking, with M&A, sales and trading, looking at the institutions which come top for bringing in the most money early on.At £50,000, starting salaries at some investment banks are more than twice the average City graduate paycheck, which Emolument says is £24,000.And the research noted that while the pay gap between revenue-generating employees such as traders and back-office support staff starts early at around £13,000, it soon stretches further once bonuses begin to roll in.