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Salary

7.0 / 10

(based on 41 ratings in 2016)

2016

"We are paid very well as trainees. However, the recent gap that has opened up between associate pay here and at other comparable firms is disappointing."
Second year trainee, London
"Pay is generous in the context of the market as a whole. However, it pales in comparison to US firms and now most other magic circle firms who pay more."
Second year trainee, London
"Very. This is the most money I have earned (having started out with minimum wage jobs) and the firm has paid out a bonus and increased my salary since starting."
First year trainee, London
"It's hard to complain when we're obviously on a very high salary compared to the national average. Other firms do have higher salaries, but from my friends' experiences these firms tend to treat their trainees worse as a result."
First year trainee, London
"Some other magic circles firms just increased their pay for new qualifiers and we now pay significantly less. Prior to this, I was very satisfied."
Second year trainee, London
"I think the pay is good for trainee level, but that the new qualifier pay will need to go up to be competitive with other magic circle firm salary raises."
First year trainee, London
"Trainee pay is absolutely fine. New qualifier salary does not look that great considering the reputation of the firm and recent moves in the market. However, given a choice of higher salaries and billable hours targets or The current situation, I would take the status quo every time."
First year trainee, London
"As the firm is within the magic circle, we are extremely well-paid and the bonus is generous. However, most people are painfully aware that we lie at the bottom of the magic circle in terms of pay and that the gulf between us and the top of the magic circle is vast."
First year trainee, london
"Given our bonus system, our additional rewards and benefits and the culture of the firm, I am very happy with my pay."
First year trainee, London

2015

"The firm has recently upped its pay significantly for associates to lead the market. Trainees have received a modest increase which puts the firm in a very good position compared to other UK firms."
First year trainee, London
"Pay is above average for a City firm and the bonus system is flat rate so you are always guaranteed extra cash at Christmas."
First year trainee, London
"Getting paid 40k as a first year trainee and 45k as a second year trainee is very generous. Some US firms pay more, but these are very generous salaries for people who are learning on the job."
Second year trainee, London
"Trainees usually receive a small bonus. Pay is very good."
First year trainee, London
"The salaries were increased this year so I am very satisfied currently."
First year trainee, London

2014

"Salaries are good, but they are not at American levels."
Second year trainee, London
"Bonuses a bit stingy but salaries are in line with other City firms."
Second year trainee, London
"Any trainee who isn't satisfied with earning £40,000 in their first year at the firm and then £45,000 in their second year needs to reconsider why they think they should be earning more than that in (for most trainees) their early/mid-twenties."
First year trainee, London
"Undeniably good pay and we are lucky to have a bonus. You could earn much more doing the same demanding hours at a bank/consultancy firm, etc."
First year trainee, London
"The pay could be more substantial at NQ level, although the trainee salaries are relatively similar across the City. The lure of US firms does appeal to many NQs and some do make the switch."
Second year trainee, London
"Salaries are good enough that we can't complain, but are clearly lower than at US firms."
First year trainee, London

2013

"Very competitive within the city. Cannot complain."
Second year trainee, London
"Pay is very 'standard' - in line with other London firms. Feels fairly generous given that I haven't had a particularly rough time of it. Bonuses are still being paid but they are fairly light."
Second year trainee, London
"The pay is fair and comparable to my peers at other firms. Trainees currently get a bonus, which can't be said for all City firms."
Second year trainee, London
"Trainees at this firm, in their first year, earn around £12,000 above the median household income; this rises in subsequent years by substantial increments. This is an exceedingly generous salary for anyone in the UK, let alone people who are mainly just out of university. Bonuses are set as a uniform percentage and are not performance or hours-related; while other firms take a different approach, this approach is appropriate given the technical nature of the work which is unsuitable for performance-related bonuses."
Second year trainee, London
"Fair."
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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