LONDON (Reuters) - Goldman Sachs (N:GS) and Morgan Stanley (N:MS) 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 (DE:DBKGn), 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 (VX:UBSG), topped pay rankings, with an average annual remuneration package of 71,000 pounds for each of their analysts including bonuses.
Credit Suisse (VX:CSGN) is close behind with 70,000 pounds, while JP Morgan (N:JPM) pays 64,000 pounds, the survey found following responses from 372 analysts working in London investment banks.
The lowest pay on the ten-strong list came from BNP Paribas (PA:BNPP), at 56,000 pounds.
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)