Can’t really confirm about Milan but in Madrid some BBs pay the EUR equivalent of the LND salary, so if base in LND is 60k GBP, base in Madrid is ~72k EUR.

That’s not true for all BBs in Madrid afaik. I guess that in Milan it will be similar.

Also just FYI in case you don’t know, IB culture in Milan is very harsh. I have heard pretty bad stories

 

Worked as an IB intern in both London and Milan. Milan was significantly worse, with longer hours and shitty comp (can't speak for FT, but interns are paid ~€750/1000 a month). Culture is also harsh and it's common to hire 2/3 interns even if they only have headcount for one FT offer.

Didn't work there, but Rothschild is probably the most sweaty shop in the city with harsh culture and interns constantly pulling 120hr weeks.

 

Qui quibusdam qui vitae quod illo veniam. Aut minus illo et porro. Tempora porro laboriosam qui natus quasi. Qui tempora harum tenetur sit ut accusamus. Necessitatibus consequatur exercitationem perferendis vero impedit.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”