NQ Salary
~£175,000 ($235,000)
TC Salary
£70,000 / £75,000 (year 1 / year 2)
Annual Intake
c.15–16 per year (London), traditional or leveraged finance track
Seats
4 seats
This profile is compiled from publicly available sources and may not reflect the latest changes. Always check Milbank's official careers page for current deadlines, application processes, and programme details.
Milbank is best known for leveraged finance, and its London office routinely leads the most complex European leveraged buyout financings, making it a first port of call for private equity sponsors structuring acquisition finance. Several of its London practices are ranked Band 1 by Chambers, and the firm sits at the top of leveraged finance league tables.
Culture & Values
Milbank runs two training routes in London: a traditional four-seat, six-month rotation, and a leveraged finance track launched in 2025 that starts with 12 to 18 months in the leveraged finance team before qualifying into it. The leveraged finance track added five trainees to the usual ten, a 50% increase in the London cohort, and the firm aims to keep all its trainees on qualification. Trainees report accessible partners who take the time to teach.
Generated by Folio · folioapp.co.uk · 30 July 2026
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Method
“Critical thinking assessment via Shortlist.me after application. Then assessment centre with written exercise, presentation, HR interview, and partner interview. Two TC tracks (traditional 4-seat rotation or dedicated leveraged finance track). Requires 2:1 or first. Recruits exclusively via vacation schemes (~8 trainees/year).”
Tests
Independent Resource
Folio is an independent student project and is not affiliated with, endorsed by, or officially connected to Milbank. All information is compiled from publicly available sources and may not reflect the most current data. Salary and deadline figures are approximate, based on prior recruitment cycles. Last verified: 2026-07-21. Always check the firm's official graduate recruitment page for confirmed details.