Salary

5.7 / 10

(based on 19 ratings in 2017)

2017

"I don't think the pay is particularly competitive but the culture is the main selling point. I know that, if I worked at a magic/silver circle or American firm, I would be paid a lot more but the culture and expectations would be different."
Second year trainee, London
"The firm has just taken away bonuses. This does not affect me now but I think it will have an impact on the number of hours fee-earners bill."
First year trainee, London
"Bonuses have been scrapped in favour of slightly higher salaries for the new qualifier level onward."
First year trainee, London
"The trainee salary is in line with the market average."
First year trainee, London
"I'm satisfied with the trainee pay structure."
Second year trainee, London
"Trainee pay isn't market-leading, but it is well within the average."
First year trainee, London
"Trainees don't get bonuses and the new payment structure means that associates don't either. Associates did have a pay rise to reflect this though."
Second year trainee, London
"The trainee pay could be reviewed more but I think it is relatively in line with the industry. The differences in pay between the departments upon qualification and beyond can be a bit unfair when some of the lower paying departments are working just as long hours as the higher paid ones."
First year trainee, London

2016

"There has been some discontent about new qualifier salaries and the lack of bonuses. It'll be interesting to see how this plays out as careers progress."
Second year trainee, London
"Trainees are not eligible for the bonus scheme (although I have received vouchers and bottles of champagne on a few occasions as a thank you)."
Second year trainee, London
"Removing the chargeable hours bonus would have been good if we were confident we would be better off at the end of the year. In insurance, the salary is at a higher level than competitors, but this is not the case in commercial, despite the hours still being long."
Second year trainee, London
"Trainee-level pay is very competitive (and I think it's good we're not incentivised to work as many chargeable hours as possible to get a bonus). However, there are grumbles about associate-level pay."
First year trainee, London

2015

"I think that the salary should be increased with growing profitability, or there should be an even bigger emphasis on flexible working."
First year trainee, London
"I find that the salary is very good and competitive."
Second year trainee, Bristol
"I think that the pay is at market rate."
First year trainee, London
"The pay is generous and we have good benefits. Trainees are not eligible for the target hours bonus, which I think is a good thing as it means we have more scope to get involved in business development and other non-chargeable work. We do, however, qualify for the reward scheme and I have received numerous bottles of champagne and vouchers as a thank you for work I have done."
First year trainee, London

2014

"We get good pay but trainees don't get bonuses."
Second year trainee, London
"You get a bonus if you work more than seven chargeable hours per day across the year I believe. Pay is merit based and varies depending on the department. It's not as high as other City firms but it's not bad either."
First year trainee, London
"Pay is lower than at some other City other firms but I get more of a work/life balance."
First year trainee, London
"Pay is broadly in line with the market among firms offering similar hours and working conditions."
First year trainee, London
Our 'Inside Buzz' reviews are the comments and views of recent graduate recruits, giving you a view of what it may be like to work for an organisation. Copyright of all TARGETjobs Inside Buzz material lies solely with GTI Media.
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