Investment Banker Salary: San Francisco vs London
Annual median salary comparison (2024). All figures include local currency, USD equivalent, and PPP-adjusted purchasing power.
🇺🇸 San Francisco
United States
$296K USD
$296K USD
$296K PPP
Higher Purchasing Power
VS
USD Difference
+94%
San Francisco vs London
🇬🇧 London
United Kingdom
£120K GBP
$152K USD
$212K PPP
Detailed Comparison
| Metric | San Francisco | London | Difference |
|---|---|---|---|
| Local Currency Salary | $296K USD | £120K GBP | — |
| USD Equivalent | $296K | $152K | +94% |
| PPP-Adjusted SalaryWINNER | $296K 🏆 | $212K | +40% |
| 25th Percentile | $237K USD | £96K GBP | — |
| Median | $296K USD | £120K GBP | — |
| 75th Percentile | $370K USD | £150K GBP | — |
| Annual Mean | $320K USD | £130K GBP | — |
What Does This Mean?
San Francisco offers a Investment Banker salary of $296K USD, while London offers $152K USD — a difference of +94% in raw terms.
After adjusting for purchasing power parity (PPP), San Francisco's salary is worth $296K in US purchasing power terms, versus $212K for London. This means San Francisco offers better real purchasing power for this role.
PPP adjustment accounts for differences in local prices — for example, housing costs 3x more in San Francisco than in Warsaw, so a San Francisco salary needs to be much higher to provide an equivalent standard of living.