LONDON (Reuters) - Goldman Sachs and Morgan Stanley are offering the fattest bonuses to their London analysts, but if it's a high base salary you're after then head to Deutsche Bank , according to a survey on Wednesday.
Analysts, the lowest position on the investment banking ladder, could expect to receive an average annual bonus of 20,000 pounds ($31,000) from the two U.S. banks, according to a survey by pay data website Emolument.com.
Meanwhile, Deutsche Bank paid the largest average salary excluding bonus, at 56,000 pounds.
The three institutions, alongside UBS
Credit Suisse
The lowest pay on the ten-strong list came from BNP Paribas
Analysts can expect to receive up to 28 percent of their income in bonuses, the report found.
But it gets better if you can move up the ladder: an associate can receive 42 percent, and if you scale the lofty heights of managing director, the figure could be over 50 percent.
($1 = 0.6404 pounds)
(Reporting by Freya Berry; Editing by Mark Potter)