This channel is gonna hit 100k this year I’m calling it now, such good production 🙌🏼keep it up man

Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.

Great video bruh. So refreshing to get the information straight without any nonsense.

Honestly, your presentation skills are great and the vlogs around London are sick - you are one of the best upcoming youtubers I follow - it's only a matter of time before this channel blows up

You're killing this bro. Great video and quality

Daaaaamn you actually gave out all the figures. This video is going to blow up

Really enjoyed this one man. I appreciate your insight & transparency

Awesome Phil ! Respect bro !

I appreciate the transparency, most people wouldn't be this open about the topic, great video

Awesome video Phil appreciate your honesty 👍

Wow! Well deserved and I know working in Investment Banking is very hard! I wish I was good at Maths 🤑🤑🤑🤑

Fair play for sharing, this can be such a touchy subject!

Your editing skills are crazyyy❗️❗️ I just subscribed, at least don’t quit KZfaq.

Thank you for your transparency and honesty, love the watch thing too keep up the good work...

I’m starting at JPM in two week on a 10 week internship. I’m getting a 1k signing on bonus and get paid as if I were on a salary of 28k. I absolutely can’t wait, but worried that I’m getting recommended video after video of ex-bankers, I hope that’s not a sign haha. Great video mate, keep it up.

I'm from Morocco & I've been following you for one year so you don't need to ve worried about reaching global :D , I'm currently based in London btw. Cheers!

I used to be a chauffeur, worked for a lot of banking big wigs in the late 80s until the mid noughties, lower level staff had the big titles but crap salaries. As a chauffeur I was on a lot more basic salary, I got more perks and bigger bonuses and well paid overtime than the big titled employees.

You did very well in 4 years. Congrats on that. I think it is hard to get those last two jobs at Barclays and the other bank so also congrats on that. Hope everything is going well with you mate.

loved it. got to that point!💁🏼‍♀

Great video, really interesting for people like me who are looking at going into banking !!

This channel is soo underrated whhhhyyy

Underrated channel. Going to be big soon for sure.

I'm in freshman year( Finance major) Your videos are truly motivational

Thankyou for the video, your education enabled you to make brave choices. You will succeed at any role you undertake.

that’s awesome! thanks for the content

Wise choice would be to switch country you work in. As Junior (analyst I) I make 90k € per year for a global investment bank

You're doing great things, well done 😎

Respect man, happiness comes first

This is an amazing channel and video. I love the way you communicate

Very informative and transparent, good work

Great insight mate 👌

You’re so genuine. WTF 😭 I’m subscribing because how can someone be so chilled

i knew it! - you seem way toooo nice and approachable to be an investment banker.

IBD VP here and your numbers seem about correct for london I guess but what is interesting to note is that IBD salaries are much much higher in NY. Even as an 3rd year analyst you can break the $200k mark and as an Associate and VP, multiples of that

My mindset is the opposite of yours right now. I work as a design engineer in construction. Went into it after finishing my masters degree because I loved it. But now it's getting monotonous and doesn't pay so well. I regret not going into a more lucrative career like banking.

Share the message of happiness over money. Such Ann important message a lot of people need to hear 💸

Never watched you before but good editing man

IBanking Salaries in the U.S. for BB progress as follows more or less. Analyst - 80k average base + 50k Average Bonus Associate - 150k - 500k VP - 350k - 1.5mm MD / Partner - 500k - 20mm+

There are quite a lot of transferable skills you gain from the finance sector. A friend of my father's was a data scientist for a long time then he broke off, this guy was getting many job offers cause of his incredible ability to automate finance through programming and statistics. He then used his amazing abilities to create a multimillion pound passive income stream.

Thing is in the city it's not a lot, you can't buy so you can't build equity and you're paying a premium for everything. You need to be on 60+ to even be worth it. Id say it's a great CV booster but you can make more money outside London if you're good with your money.

I'm finishing my masters next spring, only 22yo so not much experience, but I'm trying to network into ECM or PE research at a middle market bank :) that 130,000USD first year total comp avg is juicy

Really enjoy your content. I can confirm these figures, very realistic.

Admire your courage. Choosing happiness might sound so obvious at the outset but a daunting decision to make.

We need more people like you, I like open people

Watching this but then being in the "other" big financial service field in London - insurance - is slightly shocking! I know it's not apples to apples, but in the city, an underwriting assistant can start at as "little" as £23,000. No wonder banking and consulting draws the graduates!

You have an AP RO, might be 15400 or 15450 st. Great choice, I've the same.

I work in the financial sector (investments) & our starting salaries are £17k.... The variations are wildly different between different companies

Not IB, but 1.5 years as a Commercial Real Estate Analyst at Wells Fargo in Los Angeles at $73.5K base + $6K bonus. Rent is $2.3K/mo for 865 SF apartment in downtown LA split with the gf though.

Huge respect for your openness and honesty Phil. 👍 Really insightful.

Interesting to see your salaries through the years... My first jobs in finance were contracting, so got paid a bit more but without any of the job security or holiday/sick pay. Wish you well for the future mate!

Briliant video, anyone looking at a really good paying job and don’t want to go to uni, look at becoming an air traffic controller! I love it and make pretty decent money doing it

Ha ha night time and day time Phil, like that. Phil, your honesty is so strong, there are not many videos like this on KZfaq, keep up the energy, no one can tell you otherwise coz they don't have that truth like you, pagans. I agree, Money can't buy happiness, but what ppl need to realise is that you used your job to fund your dreams, that's smart with money, many ppl earn alot but financial education is silly. From this video, you are wising up the people and breaking so many taboos with finance, i. E. Talking about it, you deserve much respect for this. The deeper the foundations, stronger the fortress, you are building a fortress. Bless up Phil and top top guy for reaching out with help to the viewers, you are the definition of what a content creator should be. More energy, more success, everything you do has a point in gain, you are a 45 goals a season type player. Keep this going bro 💯 Impact player 👑

Love your content

Love your honesty

Great video 🤝

Thanks for this video, very useful

I think I’m obsessed with you at this point. 😶 Keep up the good work! ❤️

Hmm I work for an investment bank in back office and have friends who work in front office and none of us get ANYTHING as near to those saleries. A MANAGER earns about 40-60K a year as basic salary. I am an analyst level in back office in my 2nd year and I'm on 22K basic salary with a 1.5K bonus.

I'm moving to the Wardian pretty soon! Hoping to bump into you! :D Great work btw :D

Love the honesty

I'm 37 and went for a career change into a wealth management administration role at a bank while studying my diploma in financial advice. I was on higher wages at 18 years old working In a warehouse. Its pretty depressing

I'm 22 freshly graduated. I want to get into investment banking. I dont really have that much experience but I'm willing to learn. I'm currently taking time off to pursue a CFA level 1 certification.

Nice video!! So interesting. I’ve always found it so odd why the subject of salary is so taboo.

Appreciate this straightforward video interesting

For years I struggled with outstanding debts, bills and my children's school fees. I am a banker earning $2,500. However, however I am starting to travel towards the end of summer. I was at a point where I wanted to give up. I came across every KZfaq channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..

yes this deserves a like

Mate.. these videos are what people really want just like the first videos on the channel but now with your editing skills and being that confident in front of the camera these things can really be the key to make the channel grow as it deserves. The vlogs are also cool but these things about banking jobs are amazing!

Wow. you were getting a pretty decent salary in banking. So I guess the strength of the inverse proportion between your salary and love for your job is bigger than I thought. Otherwise, it would be insane to quit. Anyway... Great video as usual Phil!

Okay, you did it. Thanks.

been watching since a couple hundred subs! came along way mate

Hello. I'm actually looking for a good trader that can help me trade and make good profit, I've been seeing so many recommendations but i don't think they're trusted. Please do you have any recommendation?

Sounds very familiar, I got 7 promotions in last 5 years. I was 35 when I got promoted to be the director of my department. Salary/package was all good, I was travelling around the world staying in 5 stars etc. But, I quit my job in the midst of pandemic. My friends called me fool but I knew I have to follow my heart. Now I am following my heart and I am happier than ever. You are producing good content Phil, keep up the good work 👍

IB salaries sound great till you look into the equivalent hourly rate and then it is closer to minimum wage. I’ve worked till late (post-midnight)!

Good video mate, how did u find the transition from your different roles and how did u find the culture. I'm not built for finance but its interesting to see different perspective of people

No degree. 12k to 16k to 19k to 28k + 1.5k bonus to 28.5k current within 3 years

can confirm it's on the money in terms of numbers for the basic salary. Bonus was a little on the optimistic side. We now have them capped as a lower max percentage of salary basically until managing director. I would say the figures here were basic plus 1/2 of the bonus figures quoted

Love your videos! I live near canary wharf and soon moving into Canary wharf I love it too for me is like living a little Manhattan 😂. I got to the end of the video btw

Great video as always. You are improving a lot! Made it to the point to haha. Keep it up 👍

I am earning £158 p/day on a contract base at an investment bank and quite happy. My role is in the back office.

We in Doha am we see you, I just saw you channel and I’ll be watching all your videos cuz that’s what am looking forward to maybe we collab someday never know, keep it up bro

Great video as ever mate... At Barclays what were your hours like? I'm guessing was contracted 8:30 - 5:30 but did you often stay later?

I admire your transparency, also goes to show that you don’t need to go to a top uni and start in investment banking to achieve success at a young age in the finance sector. What financial advice would you have for a 20 turning 21 year old living in London at home? (Other than saving up pay checks)

Analyst at one of the big 4 French banks in NYC. Base is the equivalent of £66k working in structured products

Great video Phil, I've subscribed. Quality is top-notch and love the editing too, what camera do you use? I started a social media agency in 2019 with my girlfriend and we're on target to turnover £154K over the next 12 months.

I am working for minimum wages and I have two rolexes.

Mate in my eyes UK in whatever you do if you're good at it pays out well. Good luck with everything we might have a chat soon.

Even adjusted for Forex that looks very Very low compared to New York and DC!

I don’t understand. Do those senior peeps all structure their taxes in jersey or grand cayman?

The only job I’d like to do for a bank is actually trading the Forex. Luckily nowadays you can just do it for yourself with MetaTrader. Make a tidy little extra every month from it. Less pressure with your own money and once your playing with the houses money there is literally no stress. Keep up the great content mate 👍

Earning -9k atm for watching some Netflix format shitty videos in Incomprehensible European accents everyday

The money is nice but people must not forget the hours people put into IB sometimes associates and analysts gross 70-100 hours a week

Great video! Not even in to banking, I study engineering but Just interested (noisy)

Thanks for your sharing.

Just bought your CV Letter Template, mate. I will do my masters in London in Investment Banking and finance. Huge thanks for the amazing work that you´ve been doing in this channel and hugs all the day from Brazil :)

Have to say although these salaries sound high for a “graduate”, the reality is in London these amounts don’t get you very far. Sure at this level you are comfy and have no money worries but you can’t really thrive at this level of salary in the city. Can see why you made the decision to quit and do something more fulfilling!

Interesting perspective, first role was at a major institutional asset manager in the city! I think the serious difference between IB and AM is simply the bonus structure, we got fundamentally the same regards base but certainly bonuses never breached 35%. I find deal advisory fascinating, but think I ultimately prefer buy side multi asset analysis! Cheers for the video, I found you though watches - never realised you where in finance.

Your video production is v high💯what audio and camera equipment do you use?

Here from Doha, Qatar!

I love your channel.

I’m in Doha and I just saw this video