Wall Street bids up junior banker salaries in battle for talent ...Qatar

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A full-scale bidding war has broken out on Wall Street, this time over young bankers, as firms struggle to attract and keep talent after the pandemic added to famously crushing workloads. Citigroup Inc became the latest bank to lift base salaries to $100,000 for its first-year analysts on Friday. It’s a figure Barclays Plc, JPMorgan Chase & Co and Guggenheim Partners have also offered bankers at that level, as Wall Street more broadly tries to stem defections sparked by a deluge of deals amid the work-from-home grind. The salary bumps may force other banks to step in line – or risk losing out on top recruits, according to consultants and compensation experts. At bulge bracket firms, the sta

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Last updated : 03 July 2021 clock 09:31 PM

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Wall Street bids up junior banker salaries in battle for talent ...Qatar

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