No, you're massively overestimating median pay in finance. Essentially no-one is getting million pound bonuses; 90% of bankers are vice presidents or below and will be unlikely to get bonuses above £200k. Obviously that's still a lot, but anyone who's been at Google for a decade (the tenure you would need to get the highest bonuses in that range) is probably also doing OK.

And it's very weird to call Linklaters "a pretty pedestrian, non-sexy law firm doing boring routine corporate stuff". They're in the Magic Circle, which is the British legal equivalent of FAANG. Their new grad roles will be just as competitive as Google's, if not more so. That the work their grads will do will be more boring seems like a reason for them to pay more, not less (not to mention the difference in number of hours).

> not something targeted at particularly talented specific people.

Are you sure you're not just falling into tech chauvinism here? According to LinkedIn https://www.linkedin.com/company/linklaters/people/ people who work for that firm largely went to Oxford, Cambridge, and LSE. All you're pointing out is that white shoe law firms that hire from the top-tier universities in the country pay their associates extremely well, even as they do work you consider boring and unsexy.

I meant they aren’t headhunting - anyone can apply. It’s not like they’re hand-picking specific people. It’s a normal open job anyone can go for.

Yeah, but random normal people aren't going to get it.

It's the same thing as a FAANG job: any rando can apply but they're gonna get screened out before the first stage.

You’re massively over estimating law. Magic Circle and American firms pay hugely....but they’re basically 1.5x FTE roles and you’ll work the hours.

How am I over-estimating? That's public salary information. Google's salary information isn't public but I believe it's around £60k for a basic new-grad? That's the best a junior developer is going to get in London outside extraordinary circumstances. Pales in comparison to a standard law job grad scheme.

Because that’s a small fraction of law jobs, and as I said, the expectation with these jobs is that you basically work 1.5 times normal full time hours. I have friends who are senior associates at magic circle law firms and their idea of quiet is leaving at 8. Heavy is after midnight. It’s a different world - I don’t know anyone doing that in tech outside early stage founders.

Outside magic circle et al, salaries are lower and hours are more normal.

Also, before they become a grad but after university they spend 2 years doing what’s known as a “training contract” while they do their professional quals. and the pay is much lower during this time. Graduate in law is after this period.

> 60k base salary not including stock - which can be a huge amount even at entry-level.

wow!

So what kind of professions, and how many years of experience, get £1m+ bonuses (if you happen to know)? AFAIK the only example that I'm aware is traders and/or high-level investment bankers (Director+ level)...