Increased Base Pay?

Heard incoming 1st year associates (from undergrad, so equivalent to 1st year analysts if it was IB) at my bank are getting increased base pay. Will that translate to increased pay for current associates? Or will they keep pay the same for current associates and only increase pay for new hires? I know IB increased the salary for new and current employees, so hopefully ER does the same for current associates.

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Didn't happen at my bank. All new hires got whopper starting salaries and the existing associates got nothing.

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Authored by: Certified Equity Research Professional - Vice PresidentCertified Equity Research Pro

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Authored by: Certified Private Equity Professional - 3rd+ Year AssociateCertified Private Equity Pro

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