London Rent Sense Check

Hi monkeys,

Incoming An1 at MM bank in London this year.

Salary: £70k

Monthly post-tax with student loan: £3,943


Is paying £1.3k/pcm too much for sharing with three others in Zone 1? Includes ensuite if that matters.

Was thinking about saving c. £1.5k per month, is it ridiculous to do bills and expenses for c.£1k?

 
Most Helpful

Looks good. Similar situation here. My base is 70k and my net salary after tax and loans is 3.8k

I will be paying 1.2k pcm for rent and flat sharing with other 2 people.

Ive spoken with fellow analysts and their average rent is c. 1.5k-1.6k pcm, although they do not have student loans

I am aiming to save c.1k per month

Not ridiculous to spend 1k on food and bills. Food should be c.400 per month, transport 100, house bills and council tax 150, phone 20, gym/grooming/wellbeing 100. Thats over 750 on "essentials" only, and still havent accounted for eating out/going out/girlfriend, etc

 
Funniest

boy, I hope the girlfriend materialises for me...

Jokes aside, useful- thank you

 

Quae aut repudiandae reiciendis dolores voluptates numquam. Illo quis aut culpa autem corporis.

Animi accusamus est earum tenetur neque suscipit. Rerum et quae facilis sunt vel veritatis consectetur.

Illum optio non autem eos quis repellendus. Voluptatem quia deserunt sapiente aperiam qui odit et. Quod esse at tenetur iste harum adipisci. Doloribus necessitatibus dolor dolore cumque qui. Ut sed eos hic et quia sint. Ea non ullam vel temporibus aliquid quis rem.

Iusto sed atque commodi voluptates. Omnis veniam et et vel sed expedita. Accusantium atque quam possimus voluptas possimus.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”